Standard Life has announced the addition of eight Vanguard passive funds to its International Bond.
Online PR News – 05-September-2012 – September 04, 2012, Edinburgh Edinburgh – Dublin-based Standard Life International has added eight Vanguard funds to its International Bond.
Standard Life is looking to meet the growing demands from advisers for a passive investment option by introducing the Vanguard funds to its International Bond.
Ian Searle, business development manager at Standard Life International, said: "These funds, which include both bond and equity funds, represents our passive investment option on our offshore bond and further strengthens the investment range for our customers to choose from to help them achieve their investment goals.
"We have seen many examples where advisers adopt a core approach to portfolio construction, with the core made of passive management so the introduction of the range of Vanguard funds supports advisers in that approach.
"We have established a strong working partnership with Vanguard over the last year. And we look forward to working with them to help advisers and their customers with their investment requirements."
Simon Vanstone, Head of Institutional, Europe at Vanguard, said: "As demand for index tracking funds at low cost continues to grow in the UK, we are delighted that Vanguard has been selected by Standard Life International to provide the Index Tracking solutions within their International Bond."
This announcement follows the addition of Vanguard’s pension funds to Standard Life’s platforms in December 2011 and the appointment of Vanguard in April 2012 to manage Standard Life’s tracker funds.
About Standard Life:
Established in 1825, Standard Life is a leading long term savings and investments company, with around six million customers worldwide. By understanding and offering innovative products to meet its customers’ needs, Standard Life helps people with their financial planning, so they can feel more confident about the future.
Standard Life offers a range of individual and group pensions, SIPPs, ISAs, annuities, life assurance, offshore bonds, investment management, wealth management, tax planning and estate management services.
Standard Life is headquartered in Edinburgh and employs around 9,000 people across the UK, Canada, Ireland, Germany, Austria, India, USA, Hong Kong and mainland China. At the end of March 2012 the Group had total assets under administration of £206.8bn.