A lot has happened in the world of platforms this week — most of it in Scotland. First there was the news that Standard Life Aberdeen is selling Parmenion, one of its three platforms. Hot on its heels was the announcement that its Edinburgh neighbour, Nucleus, had received offers for its entire share capital. Last but not least, Novia is reportedly changing hands before Christmas (OK, Novia is technically not Scottish but bear with us).
Standard Life today announced a price decrease for its Elevate platform for all new clients from 1st April 2019. This is a great move by Standard Life. It demonstrates a commitment to its core financial planning market and willingness to share economies of scale with advisers and end-consumers.