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Standard Life readies Retail International Bond for RDR

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Standard Life is making changes to its Retail International Bond in the run up to RDR implementation.



Standard Life will facilitate a comprehensive range of adviser charging options on the Retail International Bond from inside or outside the product, so advisers can select the charging method that best fits with their clients’ circumstances and their chosen business model.

Ian Searle (pictured), Standard Life international business development manager, says: "The type, timing and source of funding adviser charges all have a potential impact on tax efficiency and investment performance. Minimising the impact of adviser charges on a client’s portfolio will, therefore, be a key part of the advice process. We’ve developed a flexible range of adviser charging options, including the ability to take an initial charge from outside the Retail International Bond. If a client decides to pay for advice from within the bond, they should remember that these charges will count towards their five per cent annual tax deferred allowance."

From 10 December 2012 Standard Life will start facilitating adviser charging on Retail International Bond without an adviser having to provide additional signatures from existing clients.

The company has also added new functionality to Adviserzone to make it quick and easy to manage adviser charging online on all of Standard Life’s post-RDR products.

At the same time, Standard Life is introducing an explicit, simple stepped product charge on Retail International Bond for all non-insured fund assets – from 0.2 per cent to 0.7 per cent, depending on the size of investment. This stepped charge rewards clients with larger investments.

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