We're delighted to confirm that Standard Life Wrap and Elevate have retained Gold Service and 5 Star Ratings from Defaqto for 2020, the highest ratings available.
Wrap's Defaqto 5 Star Rating marks the fifth consecutive year and for Elevate, this is the fourth consecutive year. The Gold Service assessment is especially significant to us as it's based on feedback from platform users.
Standard Life platforms have also received Superior AKG 'A' financial strength ratings for 2020. Currently, Elevate and Wrap remain the only two platforms in the sector to have achieved an AKG 'A' rating.
These latest ratings are in addition to the Platinum rating received from AdviserAsset for both platforms.
This recognition for both our Standard Life platforms underlines our ongoing commitment to you.
Last year, we introduced lower pricing on Elevate and we've now announced our plans to introduce reduced and simplified charging on Wrap from April 2020.
We continue to provide you and your clients with innovative solutions such as the launch of Individually Managed Accounts and Drawdown Price Lock coming soon to Wrap.
Thank you for your support.
The value of investments can go down as well as up, and your clients could get back less than they paid in.