11.12.2008
Standard Life automates SEI's Manager of Managers on Wrap



Standard Life Wrap has introduced an automated version of SEI's range of Manager of Managers solutions, enhancing the functionality of its award-winning platform and saving advisers valuable time and money.

For advisers that choose to outsource investment management, this latest development will enable automatic access to all of SEI's investment solutions available on the platform. Previously a time consuming process, this automation enhancement will significantly reduce administration time and ensure advisers and their clients continue to have efficient access to the best investment solutions and business tools available via the Standard Life Wrap.

Mark Polson, head of communications, Standard Life Savings comments, "We have a strong and ongoing relationship with SEI, a leading global provider of outsourced asset management, and have worked closely together to deliver this enhancement.

"The automation of SEI's Manager of Manager solution demonstrates Standard Life's commitment to developing the Wrap platform and streamlining adviser processes. While outsourcing an investment manager service isn't a solution for all advisers, for those that do use it, the new functionality will free up valuable time allowing them to focus on improving and enriching their value proposition to clients."

Ryan Hicke, Managing Director, UK IFA, SEI, commented "Many adviser firms are assessing and refining their client proposition to create a more robust and consistent service model. This development by Standard Life will enable the delivery of a transparent, scaleable and repeatable process for clients. We look forward to working more closely with advisers and Standard Life to collectively identify additional solutions to accelerate the transition from a product based to an advice centric model."

For further information, please contact:
Jo Scully
Direct 0131 245 3947 / Mobile 075 257 32102
Joanne_scully@standardlife.com

Notes to Editors

  1. Standard Life Assurance Limited is recognised for the high quality of its customer service, in particular for providing a service that is consistent, reliable and responsive. Standard Life received recognition for this in 2008 when the company was voted a 5 star Life and Pensions Provider at the Financial Adviser Service Awards for the 13th year running. As a leading pension provider in the UK, Standard Life Assurance Limited was voted the Best Pension Provider at the Money Marketing Awards 2004 - 2008.

  2. Standard Life has approximately 7 million customers worldwide and provides an extensive range of products and services, aimed at meeting the financial requirements of customers throughout their lives.

  3. In September 2007 Standard Life was awarded "Best Wrap Platform" at the Pensions Management – Technology, Administration and Service Awards ceremony.  At the same event Standard Life also won the "People's Choice" award for the company that delivered the best technology, administration and service in the industry.

  4. In February 2007 Standard Life was awarded "Best Overall Platform 2007" at adnitor's Platform Awards Ceremony.  The company was also Highly Commended for Best Intermediary Platform Service Provider 2007.

  5. Financial Technology Research Centre (FTRC) awarded Standard Life's Wrap a 'eee' rating in 2006.  The company retained the ‘eee' rating by FTRC in 2007 and 2008. Standard Life remainsthe only Wrap provider to have this rating.

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