Standard Life to pass on supermarket rebates

Standard Life will roll out RDR-friendly charging structures across its key retail product lines this year, in a move which will see the provider pass fund manager rebates back to new clients on its fund supermarket, FundZone.

Standard said the new structures will enable advisers to cater for a range of client charging preferences after the introduction of the Retail Distribution Review (RDR) on 1 January next year. It will offer options for initial, ad hoc and ongoing charges on either a flat or percentage of assets basis. It said it would also update key retail product lines to pass the benefit of the mutual fund manager rebates it negotiates to clients, wherever its FundZone platform is used to administer the investments. The same process will apply on mutual funds its Active Money SIPP and its Retail...