Standard Life hit by fund pricing error

clock

Standard Life is investigating an error that has left thousands of advisers being quoted inflated fund prices on a number of platforms.

Advisers have reported discrepancies between the unit price quoted and the actual price by as much as 15%, leading to confusions when constructing client portfolios post-Retail Distribution Review (RDR). A spokesperson admitted prices on a number of funds had been published incorrectly. "This has resulted in a disparity between published prices on some platform websites and actual dealing costs," she said. "Anyone who has dealt in the platform share classes will have received the correct deal price and their holdings are not affected. "We have notified all concerned platforms an...

To continue reading this article...

Join Investment Week for free

  • Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space
  • Get ahead of regulatory and technological changes affecting fund management
  • Important and breaking news stories selected by the editors delivered straight to your inbox each day
  • Weekly members-only newsletter with exclusive opinion pieces from leading industry experts
  • Be the first to hear about our extensive events schedule and awards programmes

Join now

 

Already an Investment Week
member?

Login

More on Platforms

AJ Bell adopts Amundi Technology's automated portfolio management system

AJ Bell adopts Amundi Technology's automated portfolio management system

Integrating Amundi's Alto into existing operations

Beth Brearley
clock 15 May 2025 • 1 min read
Platforms throw spanner in the works for Woodford as portfolio upload function not allowed

Platforms throw spanner in the works for Woodford as portfolio upload function not allowed

After teased launch of a portfolio platform

Cristian Angeloni
clock 12 May 2025 • 5 min read
Economic secretary confirms wholesale ISA review as experts call for sweeping reform

Economic secretary confirms wholesale ISA review as experts call for sweeping reform

LISA reform front and centre

Beth Brearley
clock 24 April 2025 • 2 min read
Trustpilot
Loading page