Product category:
Protection
News Release from: Standard Life Bank
Edited by the Insidemoneytalk Editorial
Team on 22 February 2007
Standard Life Assurance Limited
strengthen relationship with Fidelity
FundsNetwork
Standard Life announce an extension to their joint initiative with Fidelity FundsNetwork that will see Standard Life International provide a new offshore bond wrapper for the FundsNetwork platform.
This latest development will serve to further strengthen one of the strongest strategic alliances between two major financial services brands in the UK market In December 2005 Standard Life Assurance Limited became the sole provider of bespoke SIPP and onshore bond wrappers to the FundsNetwork platform enabling the two companies to work together and individually for the benefit of their customers and financial advisers
This article was originally published on Insidemoneytalk on 3 Apr 2007 at 8.00am (UK)
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Commenting on the latest development, Trevor Matthews, Chief Executive, Standard Life Assurance Limited said "I am delighted that Standard Life International is working with FundsNetwork, building on our tremendous joint success to date.
Our combined skills, in product design and service delivery have built a great proposition in the shape of the new FundsNetwork International Bond." Commenting for FundsNetwork, David Dalton-Brown, Head of FundsNetwork said: "Our existing relationship with Standard Life has proved that they provide an industry leading level of customer service and are an extremely effective business partner for us".
"Standard Life International was therefore the natural choice to assist in the design and delivery of our new offshore bond wrapper." In January 2006 Standard Life successfully entered the offshore market for the first time with the launch of their International Bond, through Standard Life International based in Dublin.
Further reading
Standard Life announces expansion of trust range
Standard Life has announced the expansion of its trust range with the launch of a Discounted Gift Plan Absolute Trust, giving more choice of trusts for advisers and clients.
New funds available on Standard Life Bonds and Pensions
Standard Life has announced that a further 14 funds have been added to its Life and Pensions range.
Standard Life International launches enhanced offshore bond
Standard Life International Limited is pleased to announce the launch of an enhanced offshore bond, building on the success of the company's first International Bond launch in January 2006.
No longer seen as a niche product, offshore bonds are gaining in popularity as an effective tax planning tool in certain circumstances and as a vehicle to gain exposure to a wider fund selection than is available through traditional, onshore bonds.
This new initiative will see the Standard Life International and FundsNetwork working closely together to deliver added flexibility to tax and financial planning for FundsNetworkcustomers.andnbsp; Full details of the proposition will be announced, prior to launch, in the coming months.
Ends Media enquiries please contact: Yvonne Savage, PR ManagerStandard Life InternationalDirect: 0131 245 0476Mobile: 0771 248 6331Email: yvonne_savage@standardlife.com Joanne Cosson, PR ManagerFidelity InternationalDirect: 020 7961 4361Mobile: 07834 254959Email: joanne.cosson@uk.fid-intl.com Notes to Editors Standard Life International Limited is authorised and regulated by the Financial Regulator in Ireland and regulated by the Financial Services Authority to conduct UK business.
Registered in Ireland (408507) at 90 St Stephen's Green, Dublin 2.
www.slinternational.ie 00353 1 639 7766.
Calls may be recorded/monitored.
FundsNetwork is a trademark of Fidelity International Limited.
The FundsNetwork service is offered and managed by Financial Administration Services Limited.
Financial Administration Services Limited (a Fidelity group company) is registered in England and Wales (no 1629709) Registered office Oakhill House, 130 Tonbridge Road, Hildenborough, Tonbridge, Kent, TN11 9DZ.
Fidelity International Limited ("FIL") and its subsidiary companies serve the major markets of the world by providing investment products and services to individuals and institutional investors outside the US.
The FIL Organisation manages a total of GBP140.9billion of assets (as at 31.12.06) EMBARGOED UNTIL 21 FEBRUARY 2007.
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