Standard Life pledges RDR products in October
Standard Life is looking to develop new relationships with advisers in the post-retail distribution review landscape, UK and Europe chief executive Paul Matthews has said.
He said the provider’s suite of products will be fully RDR-compliant by October.
The month will also see Standard Life taking on its first FTSE company as part of the first phase of pensions auto-enrolment.
Announcing an increase in half-year operating profits by 15 per cent from £611m in 2011 to £620m in 2012, Mr Matthews said the growth was down to a long-term strategy involving major investment in wrap platform technology and a reduction in costs.
He added: “Our ambition was to be in the best possible position for the RDR and auto-enrolment. We hope that from January onwards we will be able to engage with advisers who may have looked elsewhere in the past due to our lack of commission-based offerings.
“The platforms should bring us closer to the adviser community, and I’d like to see those with whom we have not worked to take another look at us.”