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You are here > Homepage | The Cutting Edge | News | Standard Life adds two Discretionary Fund Managers to SIPP

Standard Life adds two Discretionary Fund Managers to SIPP

27 April 2009

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Standard Life, a market leading SIPP provider, has added Brooks Macdonald Asset Management and Rathbone Investment Management to its award winning SIPP platform. The inclusion of these Discretionary Fund Managers (DFMs) brings the total available via the Standard Life SIPP to ten and all of the DFMs are available through retail, group and wrap SIPP.

Alistair Hardie, head of product - SIPP commented: "SIPP is being increasingly used by our clients as a sophisticated retirement planning product and we have responded to strong demand from advisers who use Brooks MacDonald and Rathbones by adding them to our panel. We are sure that the addition of two new DFMs increases choice for our customers. Our entire panel of DFMs has been chosen based on reputation, length of experience, level of specialism and customer demand."

Andrew Denham-Davis, Intermediary Sales Director, Brooks Macdonald said: "We are delighted to be added to the Standard Life SIPP panel. This demonstrates the growing demand for specialist manager's and high quality SIPP products."

John Henderson, Investment Director, Rathbone Investment Management said: "Standard Life and Rathbones are strong players in the SIPP market and we are delighted to be able to combine our strengths through this modern, innovative and flexible pension product."

For further information, please contact:

Lucy Coyle
Direct 0131 245 8958
Mobile 0773 497 4252

Notes to Editors

1. Standard Life has approximately 6.5 million customers worldwide and provides an extensive range of products and services aimed at meeting the financial requirements of customers throughout their lives.
2. Standard Life SIPP Background
   SIPP is a modern, flexible, innovative pension product, which is attracting investment principally from high net worth individuals who are relatively sophisticated investors. It allows the customer to accumulate a pension fund through regular investing or lump-sum payments and to unlock tax-free lump sums and pension income instead of buying a pension annuity. SIPP offers a wide range of investment options, including direct investment in specific shares, bonds or commercial property and gives the customer flexibility as to how those investments are managed and how retirement benefits are taken. The Standard Life SIPP also offers an innovative charging structure where many product charges are only incurred if and when the customer chooses specific options. This differentiates the product from other SIPP offerings where charges are automatically incurred at the outset or during the life of the plan, regardless of the investment choices made subsequently. The Standard Life SIPP also offers innovative remuneration options for advisers, allowing them to tailor their remuneration for individual clients. Importantly, unfunded commission is not available on the SIPP remuneration menu, thereby limiting Standard Life's capital exposure.
3. Brooks Macdonald Asset Management (BMAM) is one of the UK's leading independent investment boutiques specialising in the management of private wealth, family assets, pension funds, charities and trusts. The company has grown organically since its establishment in 1991, and now employs over 100 staff at its offices in London, Manchester and Winchester. Brooks Macdonald Asset Management is the investment subsidiary of Brooks Macdonald Group plc, the specialist wealth management group that has been listed on AIM since 2005.
4. Rathbone Brothers Plc specialises in providing, through its subsidiaries, high-quality, personalised investment management and wealth management services for private investors and trustees, including discretionary fund management, unit trusts, tax planning, trust and company management, pension and banking services. It manages £10.46 billion of funds, including £1.03 billion managed by Rathbone Unit Trust Management Limited (as at 31 December 2008).
5. DFMs available through the Standard Life SIPP: UBS Wealth Management; Standard Life Wealth; Brewin Dolphin; Cazenove Capital Management; Barclays Wealth; Newton Investment Management Limited; Citi Quilter; Tilney Private Wealth Management Deutsche Bank; Brooks Macdonald Asset Management and Rathbone Investment Management.

The information on this site is for qualified advisers only and must not be relied on by anyone else. If you are not an adviser you should go to our main website for information about our products and services.

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