CompaniesOct 4 2012

Standard Life launches non-advised service in deal with RBS

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ByMichael Trudeau

Standard Life has partnered with Royal Bank of Scotland for a five-year investment solutions and platform distribution deal, including the launch of a non-advised service.

Standard Life will deliver a range of Retail Distribution Review-compliant investment solutions, to be made available via the Standard Life wrap platform to RBS, NatWest and Ulster Bank customers.

The multi-channel investment platform will support the three banks to deliver investment solutions to their customers through advisers, as well as a non-advisory direct to consumer online capability.

This functionality will be accessible to RBS, NatWest and Ulster Bank in-branch advisers from December 2012, while the non-advisory service will launch during 2013. A range of RDR-ready investment products including Isas, Sipps, onshore and offshore bonds, will be available to customers of the three banks.

Paul Matthews, chief executive for UK and Europe at Standard Life, said: “This innovative partnership for the first time brings together Focus Solutions technology, Standard Life Wrap, and Standard Life Investments.”