Standard Life group has today announced a five-year platform distribution deal with RBS.
Under the agreement, Standard Life will deliver an innovative range of RDR compliant investment solutions. These will be made available via the Standard Life wrap platform to RBS, NatWest and Ulster Bank customers.
The multi-channel investment platform will support RBS, NatWest and Ulster Bank 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 RBS, NatWest and Ulster Bank customers.
The deal delivers a complete, end to end service functionality, integrating the unique strengths of Focus Solutions and the Standard Life Wrap platform with the proven investment management expertise of Standard Life Investments. Customers will be able to invest in RBS, NatWest and Ulster Bank investment funds using Standard Life tax wrappers with assets being managed by Standard Life Investments.
Paul Matthews, Chief Executive, UK and Europe, Standard Life said: "We are very pleased that RBS has chosen to partner with Standard Life to deliver RDR-ready financial solutions for its customers. This innovative partnership, for the first time, brings together Focus Solutions technology, Standard Life Wrap, and the investment expertise of Standard Life Investments.
"This agreement further enables us to capture assets across the value chain, developing innovative investment solutions for customers which are easily accessible via our platform. Our continued focus on customer needs and the benefit derived from our scalable business model will allow us to continue delivering value for our shareholders."
Les Matheson, Managing Director, Products & Marketing, RBS UK Retail said:
"It's important for us at RBS to help our customers plan for a financially secure future. So I'm pleased we're announcing today that Standard Life will be a key component of our financial planning offering going forward. With Standard Life's proven capability in platforms and investment management we're well placed to help our customers with their financial planning."
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