Standard Life Wealth brings MPS service onto platforms

Will be rebranded following Aberdeen merger

Laura Dew
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Richard Charnock of Standard Life Wealth
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Richard Charnock of Standard Life Wealth

Standard Life Wealth has made its Model Portfolio Service available on third-party platforms for the first time, with the firm outlining plans to roll out to ten platforms in the next 12 months.

To start with, the service is available on the Transact and Novia platform as a result of increasing demand from advisers and clients. The model portfolio service was first launched in 2011 but has previously only been available via the Standard Life platform. It offers five conventional portfolios, which the firm said were the most popular, and five volatility-managed ones.  It recently passed £1bn in assets under management. Head of business development Ronnie Binnie said: "We did not do it before as we did not have confidence in the platforms and we did not want our solutions to...

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