Standard Life Wrap offers better value
Standard Life aim to offer an unrivalled wrap proposition. To achieve this they keep our pricing and charges under constant review.
In April of this year they made some important changes to our Wrap pricing structure. The main change was to reduce the annual administration charge by 20 basis points (0.20%) immediately and introduce a £240 annual charge payable in arrears on SIPP and International Portfolio Bond (IPB) from April 2010.
Following extensive consultation with us and other advisers, they have decided to remove the £240 annual charge before it takes effect, while retaining the 20bps cut. This means that every customer in Wrap SIPP or Wrap IPB is better off as a result of the re-pricing activity this year - none of them will pay the annual £240 charge.
