Standard Life hit by fund pricing error

Standard Life is investigating an error that has left thousands of advisers being quoted inflated fund prices on a number of platforms.

Advisers have reported discrepancies between the unit price quoted and the actual price by as much as 15%, leading to confusions when constructing client portfolios post-Retail Distribution Review (RDR). A spokesperson admitted prices on a number of funds had been published incorrectly. "This has resulted in a disparity between published prices on some platform websites and actual dealing costs," she said. "Anyone who has dealt in the platform share classes will have received the correct deal price and their holdings are not affected. "We have notified all concerned platforms an...