SIPPZone launches with online trading

Standard Life is delighted to announce the launch of a dedicated area for SIPP on the award winning adviser extranet adviserzone, including a newly launched fund trading service for SIPP.

This area is known as the SIPPZone and provides access to all the information and services advisers need for SIPP in the one place.

The launch of online fund switching for SIPP enables advisers to easily buy, sell and switch funds with quick access available via the SIPPZone.

There is no manual intervention from Standard Life so the adviser can be sure, especially in these volatile market conditions, that their client is guaranteed the next available price.

The new online trading service complements the recently re-launched online SIPP quotation service.

From early 2008, advisers have been able to do their own SIPP quotes online for drawdown and the Pension Fund Withdrawal Plan for Protected Rights.

The new easy to understand quotation menu system ensures that advisers can get the quote they need first time and at a time that suits them.

In addition to quotations and fund trading advisers can use SIPPZone to access all SIPP information, literature, fund information, technical services and tools that are available on adviserzone.

Ross Dunlop, Distribution E-Commerce Manager, commented: "The launch of SIPPZone on adviserzone enables advisers who transact SIPP business with us to easily and quickly find the information and services they need.

With the recently re-launched SIPP quotation service we have seen a significant increase in the proportion of SIPP quotations being completed online.

Advisers now use the online SIPP quotation service for over 20% of all their SIPP new business quotations." Online trading has been developed to provide a straight through process for fund switching, buying and selling that means there is no manual intervention by Standard Life.

The adviser can be sure that when they submit a trade online, the client is guaranteed the next available price.

Following feedback, research and extensive testing carried out by advisers, Standard Life has also introduced a confirmation report that an adviser can use for audit trail purposes.

Ross Dunlop concluded: "Our online fund trading service should help advisers ensure that fund trades are placed in a timely manner, with no delays.

In addition with straight through processing and an audit trail generated following the trade, advisers can have full confidence in a process that has been designed to meet their compliance requirements.

"Standard Life remains committed to delivering exceptional online services to support our key products.".

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