In this final instalment of our exclusive interview, Standard Life chief executive Barry O'Dwyer answers Citywire's questions about the company's restricted advice arm 1825, and brands the Elevate platform acquisition a 'fantastic success'.
New Model Adviser® editor Will Robins asked whether 1825 advisers would end up fully restricted to the asset management business.
Citywire's executive chairman Lawrence Lever, put it to O'Dwyer that 'You're not buying these firms for the fee income. Presumably you're buying them because its giving you a bigger presence in distribution.'
Lever proposed that therefore 'the firms will look more kindly on or use more Standard life investment funds as well.'
'Well, no' replied O'Dwyer.
O'Dwyer set out the nature of 1825's restrictions when it comes to the platform and investments.
O'Dwyer was also quizzed on how a pensions business fits Standard Life Aberdeen's global asset management ambitions.
He also talked about the future of the company's three platforms, describing the Elevate platform acquired from AXA as 'a fantastic success.'
And there was just enough time to ask about 1825's newest client...