Standard Life Wrap will move to a new and flexible technology interface, created by FNZ, which is being rolled out to over 1,200 adviser firms from Monday 22 July 2013.
This new technology will deliver immediate enhancements at the same time as accelerating the delivery of major future developments. This includes enabling the smooth and fast introduction of clean and discounted (‘super-clean’) share classes.
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David Tiller, Standard Life Head of Platform Propositions, commented: "Advisers are adapting and innovating more quickly than ever to stay ahead in what is a very dynamic market – and they expect their platform to do the same. This development enables a number of strategic developments in our Leading Platform Programme, our investment to support the growth and success of the adviser businesses we work with."
The new technology has enabled the introduction of a new look user interface for advisers and clients, which advisers can ‘own brand’ to include their logo and corporate colours. In addition to improved layout and navigation, the new client process has also been streamlined to save time in advisers’ back offices. The new interface will be compatible with all major web browsers and tablet devices.
Ross Easton, Standard Life Head of Wrap, said: "July’s technology release is the biggest in Standard Life’s history – which includes upgrades to every page of the Wrap platform and the integration of our new Portfolio Analyser Tool. We’re also making changes under the bonnet with the launch of a new auto-disinvestment function that prioritises unwrapped assets and cash to make funding adviser charges as straightforward and tax efficient as possible."
The new interface also lays the foundations for the rapid deployment of a number of enhancements later this year, including an extended investment range and fully integrated DFM capability to support centralised investment propositions (CIPs).
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By GlobalDataHighlights of new functionality:
- New user interface
- New Portfolio Analyser tool
- New auto-disinvestment function to complement enhanced withdrawals process to fund adviser charging
- New electronic re-registration facilitation through TeX agreement
