The value of investments can go down as well as up, and the investor could get back less than was paid in. Laws and tax rules may change in the future. Personal circumstances and where the investor lives in the UK will also have an impact on tax treatment.

Our approach to charges

We are committed to offering your clients good value for money and maintaining competitive rates. We take a long term view on our pricing, ensuring fees are set at a sustainable level that allows us to invest and innovate to meet changing industry needs.

Wrap pricing structure

This pricing structure came into effect in April 2020. Further reductions are available for wealth clients in the higher tiers to help you build valuable, long-term relationships. For more detail please read our PDF guides:

Wrap charges information document

Wrap charges guide

Wrap adviser charges and options

Platform charges

Platform Eligible Assets Platform Charge - all products
£0 to £249,999.99 0.35%
£250,000 to £749,999.99 0.25%
£750,000 to £999,999.99 0.15%
£1m plus 0.10%

Charges correct as of March 2021. Our charges are regularly reviewed and may be changed in the future.

Please note equities and gilts only count towards the Platform charge if they are held in ISA/Personal Portfolio; if they are held in SIPP, they incur the fixed monetary initial and annual charges.

Product administration charges

Product Administration Charges apply if your firm holds less than £75 million in platform eligible assets on the Wrap platform.

Firm Level Platform Eligible Assets on Standard Life Wrap SIPP International Portfolio Bond and Onshore Bond
Less than £20m 0.05% 0.15%
£20m to £75m 0.05% 0.05%
More than £75m 0.00% 0.00%

Charges correct as of March 2021. Our charges are regularly reviewed and may be changed in the future.

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Extra value for wealth clients and families

£1m clients: 15bps equivalent flat fee

You can now offer more value to wealth clients. All clients with £1m or more in platform eligible assets in a single account can benefit from a 15bps equivalent flat fee.

Your clients may be on varying adviser terms so you have full control to decide which clients could benefit.

How do I request these terms?

Read our guide for more information on how this alternative pricing structure works. You'll also find instructions for how to request these terms for eligible clients.


Find out more about the 15bps equivalent flat fee

Family Terms

When accounts are linked for family terms all of the linked clients can benefit from the associated discount. We can link up to 10 close family members for family terms provided that one of them has £500,000 in eligible investments in their individual account. See client terms and conditions for a definition of close family.

You need to ask us to link family accounts – this is not done automatically by the platform.

Please note the 15bps equivalent flat fee only applies to individual assets of £1m or more and will not apply to family-linked assets over £1m.

(Accurate as at December 2020.)

Interest rates and Cash Management Administration Charge

We apply a Cash Management Administration Charge (CMAC) on the various cash accounts held within your client’s Wrap account. These charges represent the difference between the total interest we receive from the bank(s) used to provide these accounts and any interest payable to your client. The margin we keep (charges) and interest rates vary depending on the interest received from the bank(s) and may go up and down regularly. We currently choose to charge less than our maximum 1.75% as follows:

Product Current interest rate* CMAC applied** Tax deducted
Wrap cash account 0.00% 0.08% Yes
Wrap Cash ISA 0.00% 0.08% No
Wrap Stocks & Shares ISA (cash component) 0.00% 0.08% No
Wrap Personal Portfolio cash account 0.00% 0.08% Yes
Wrap SIPP cash account 0.00% 0.13% No
Wrap International Portfolio Bond cash account 0.00% 0.13% No

*The annual gross interest rates we currently pay

**The CMAC rates stated are example annual rates based on the interest rates received from the bank(s) used to provide these accounts as at 23/03/2020, and assuming a Bank of England Base Rate of 0.10%.

Find out more

For full details of charges please consult the Wrap charges guides below:

Wrap charges information document

Wrap charges guide

Wrap adviser charges and options

Or speak to your usual Standard Life contact for more details on our prices. If you don’t currently have an aligned Standard Life contact, please call 0345 272 6622 to arrange a call back. Call charges can vary.

More from Wrap

More resources for advisers

 

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  • Get in touch with your usual Wrap contact
  • Call us: 0345 279 1001

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