Standard Life launches FundZone review

Standard Life has announced a review of its FundZone and Sigma fund supermarkets, in a move to make them more "wrap-like".

The firm is to make its £1.8bn Sigma platform - the oldest of the three - restricted, only offering access to Standard Life funds, and is exploring options for the larger FundZone supermarket. The 4% of Sigma customers invested in funds managed by third parties will be given a range of options to update their existing arrangements early next year, the group said. This will include moving to an unbundled model on the FundZone platform with access to discounted share classes. Head of platforms David Tiller (pictured) said: "Advisers are looking for fund supermarkets to offer the type...