Standard Life has entered into a five-year platform distribution agreement with Royal Bank of Scotland (RBS).
Under the deal, the insurer will deliver a range of RDR compliant investment solutions, which will be available to RBS, NatWest and Ulster Bank customers via the Standard Life wrap platform.
From December, the platform will deliver investment solutions through in-branch advisers with a range of RDR-ready products available including ISAs, SIPPs and onshore and offshore bonds. A non-advisory service is planned for 2013.
Customers will be able to invest in RBS, NatWest and Ulster Bank investment funds using Standard Life tax wrappers, with assets being managed by Standard Life Investments.
Standard Life’s chief executive UK and Europe, Paul Matthews, comments: “This agreement further enables us to capture assets across the value chain, developing innovative investment solutions for customers which are easily accessible via our platform.”