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Standard Life launches latest platform enhancements

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Standard Life has launched a series of platform enhancements which are designed to support the increasing number of clients making the most of their pension freedoms.

Key changes for advisers are that charging can now be taken for new and existing bonds from within the International Portfolio Bond product.
 
In addition, tailored drawdown is now a fully online quote and apply journey, while recording of nominations online has been extended to offer complete flexibility and control by integrating into the online review process.
 
A lifetime allowance percentage tool has also been introduced for ongoing management of drawdown.
 
A portfolio performance report has been created, offering a snapshot of the current portfolio and giving greater choice to advisers on the different reports available for clients.
 
Alastair Black, head of financial planning propositions, Standard Life, says: “The enhancements we are making are a direct result of adviser feedback and will support efficiencies and de-risking for adviser businesses. We are seeing the focus shift more and more towards retirement planning, hence this has been the focal point of our activity.”
 
David Tiller, Standard Life’s head of adviser and wealth manager propositions, says: “With pension freedoms, retirement has become even more complex. An efficient process needs a lot of moving parts working well together. We have the end to end process, now we are working at making it even better, to make the adviser’s job that bit more straightforward.” 

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