What is a Standard Life wrap account?
Wrap is a service which includes regulated products, so you can't close the account without transferring or surrendering the products held. ... If the client does want to close the account, they will be subject to current legislation and Standard Life's rules on their underlying products (SIPP, ISA etc).
Can I access my Standard Life pension?
You can usually start taking lump sums from your pension plan once you reach age 55 (subject to change). You decide how much to take and when to take it, you can even take the full value of your pension plan in one go.
What is a wrap platform service?
A wrap account (also known as wrap service or tax wrapper) is a means of consolidating and managing an investor's investment portfolio and financial plans. ... These charges cover all administrative and management costs. This type of service is also sometimes known as an investment platform or financial platform service.
Is Standard Life a UK company?
Standard Life, is a life assurance, pensions and long-terms savings company in the UK which is owned by Phoenix Group.