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Survey picks premier league providers after depolarisation

Standard Life&#39s position in the premier league of product providers after depolarisation has been called into question by a Datamonitor survey.

Datamonitor analyst Annabel Gorringe, the author of the UK IFAs 2004 – Post-depolarisation Strategies report, puts Norwich Union and Prudential in the premier league and says Friends Provident and Legal & General are likely to be there, with specialist players such as Clerical Medical and GE Life also featuring.

But she believes that Standard Life&#39s status as the IFAs&#39 darling is in doubt following uncertainty over its demutualisation and bad publicity over its solvency.

She says the providers that will not make it into the premier league will be those which lack efficient technology, have low-level brand loyalty and unexceptional product offerings.

Gorringe says that companiesa deciding to multi-tie will either follow a “waterfront” suite approach, where they pick around five providers which are strong in all product areas, or a best of breed approach where the best product is taken from each firm.

She says: “The future of second-division providers in a post-depolarised world is unsure – they will either have to become specialists or improve their range as a whole to get into the premier league – if multi-tie takes off and they are not there then they will be in a lot of trouble.”

Standard Life spokesman Scott White says: “Standard Life has one of the strongest branded propositions in the financial services market. There is significant passion, energy, commitment, focus, desire and ability within this organisation to be one of the few key winners, whatever shape the market takes in the future.”


Bond failings cost Capita £300k fine

The FSA has hit Capita Trust Company, formerly Royal & Sun Alliance Trust Company, with a £300,000 fine for misselling precipice bonds. It says the company advised a total of around 500 clients to invest in a variety of precipice bonds between June 1997 and September 2002 and these clients suffered losses which totalled around […]

Survey finds IFA portals will continue to play major role

Most IFAs will stay independent after depolarisation, according to technology solutions provider Focus Solutions. Eighty-two per cent of 840 IFAs questioned by Focus in August said they will stay independent and are ready to take on the new distribution challenge set by the FSA. Only 17 per cent of IFAs will adopt a combined independent […]

Standard caps Sipp link charges at 1%

Charges on all discretionary investment management within the Standard Life Sipp will be capped at 1 per cent. The life office has signed up 11 business partners, including six discretionary investment management groups, an execution-only stockbroker and three property specialists to its Sipp offering. The six discretionary managers linked to Standard Life&#39s Sipp offering are […]

Miton targets advisers with special sits fund

Multi-manager specialist Miton Investments is planning to establish itself in the IFA market with its fourth fund of funds. The firm, which was founded in 1986, provides funds of funds and bespoke portfolios to UK and overseas investors, including discretionary portfolio managers. Its investment team wanted to build up a track record before rolling out […]


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