Under the five-year platform distribution deal customers of RBS, Natwest and Ulster Bank can also use the Standard Life platform to manage their own investments on a "non-advisory" basis. Standard Life has said the arrangements are compliant with the incoming Retail Distribution Review (RDR) rules.
"The multi-channel investment platform will support RBS, NatWest and Ulster Bank to deliver investment solutions to their customers through advisers, as well as a non-advisory direct to consumer online capability," Standard Life said in a statement. "This functionality will be accessible to RBS, NatWest and Ulster Bank in-branch advisers from December 2012, while the non-advisory service will launch during 2013. A range of RDR-ready investment products including ISAs, SIPPs, onshore and offshore bonds, will be available to RBS, NatWest and Ulster Bank customers."
"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," it added.
