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Standard Life
Your Standard Life update
Standard Life has worked in partnership with Stocktrade to deliver execution only stockbroking solutions to you and your clients for almost 15 years. Through Stocktrade, your clients can access a range of investment options on their Standard Life policy.
 
In October 2019 the current owner, Interactive Investor, agreed the sale of the Stocktrade business to Embark Investment Services (Embark).  
 
Embark Group is the UK’s leading independent provider of retirement solutions. Backed by some of the largest investment institutions in the world, they power the platforms and pensions of some of the UK’s best-known financial brands including RBS Coutts, BestInvest and Nutmeg, as well as Standard Life. The Embark platform, part of Embark Group, is built on market leading technology.

What’s changing for your clients?

Plans are now underway for your clients' Stocktrade Account(s) to move to Embark on the weekend of 22 January 2021. Stocktrade previously stated that this was to take place on the weekend of 31 October 2020, however due to the complexity of the process they needed to extend this date.

Account details and login information will remain unchanged. Any additional changes to the login journey will be notified to you and your clients prior to the migration date. More information about this move can be found on http://www.stocktrade.co.uk/refreshing-change/.

Changes to the service provided
 
When the service moves it will remain essentially the same as now with improvements in stability, efficiency and scalability of the service, thanks to access to the updated version of JHC’s Figaro platform.

Embark will not offer trading in any exchange traded overseas investments that cannot be dealt and settled within Crest or Euroclear. That includes Far East, Australian or South African investments. Currently these types of investments incur a supplementary account charge of €485 per annum on the clients account.
 
You can find more detail about Embark Group and the new Stocktrade service at
http://www.stocktrade.co.uk/service-change/

In-specie transfers

Over the last few months, we’ve helped advisers with in-specie transfers from other platforms to Stocktrade. Please note that Stocktrade will pause accepting in-specie transfers and the set-up of new accounts from Friday 8 January and will resume Monday 25 January 2021. 

If you’d like to hear more about how we can support you with in-specie transfers, please contact your Standard Life Business Manager for more information.
 
There's a lot to look forward to
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Standard Life International dac is regulated by the Central Bank of Ireland. Standard Life International dac is a designated activity company limited by shares and registered in Dublin, Ireland (408507) at 90 St Stephen’s Green, Dublin 2. Standard Life International dac is part of the Phoenix Group and uses the Standard Life brand under licence from the Standard Life Aberdeen Group.

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