Standard Life has said platform providers are unlikely to enter into any price war on the overall cost to the end client as a result of today's platform paper.
Prudential has poached Jackie Hunt from Standard Life as chief executive for its UK and European business.
Shares in Standard Life were topping the FTSE 100 leaderboard this morning after its latest update showed assets under management(AUM)at its investment business had reached a new record.
Standard Life has rejected suggestions the use of preferentially-priced share classes launched by fund groups for specific platforms could breach competition laws.
Bond managers have added to risk assets, while shorts on the yen hit a five-year high after the Bank of Japan (BoJ) announced radical monetary easing measures.
Standard Life Investments (SLI) has closed down six manager of managers funds it had outsourced to Wilshire Associates.
Standard Life's wrap platform is to scrap rebates on new and existing business and move to a clean share class only model by the start of the 2014/15 tax year, Investment Week can reveal.