Price and value assessments of abrdn solutions

Understand how we offer fair value to your clients

Your firm’s obligations under the Consumer Duty rules

Under your firm’s obligations to meet the Consumer Duty rules, you must determine your own approach for assessing if the prices you charge for the services provided represent value for money.

Your firm is not responsible for carrying out a value assessment on the other elements of the distribution chain – such as platform fees – that’s the platform provider's responsibility.

As a platform provider, we’ll confirm at least once a year that the products we manufacture or distribute provide fair value to the customer. Please note we can only confirm on products we distribute if the information is available.

Our analysis

We’ve carried out separate assessments for Wrap, Elevate and Fundzone platforms. Following these assessments, we can confirm these abrdn solutions continue to provide fair value for your clients.

To establish this, we carried out these checks, using data @ 30 June 2023, where applicable:

Expense analysis - comparing the costs incurred by abrdn in manufacturing for Wrap, Elevate and Fundzone with the charges for the end customer, as well as considering our capital expenditure during this period and abrdn’s financial stability.

Competitor analysis - comparing the charges for Wrap, Elevate and Fundzone with those of comparable platforms in the advised market, while considering any differences in financial and non-financial benefits. This included consideration of:
  • platform charges

  • stockbroking and switch charges
  • ad hoc charges, and cash interest
  • abrdn’s award-winning service levels and commitment to market, as measured through financial strength. We have retained our AKG A rating
Customer feedback - review of customer feedback, where relevant, from:
  • complaints
  • trends in outflows
  • customer and adviser research
Individual checks - analysis of advisers’ platform usage to identify any activity where the platform is not being used in the way it was intended.

This may lead to poor customer outcomes. Any trends in such activity are individually communicated for awareness to the adviser.

Vulnerable customers - focus on vulnerable customers processes, and any customer groups where outcomes may differ from the experience of other customers.

Annual analysis

Following this annual analysis, we’ll be continually improving our products and services to make sure that our abrdn solutions continue to provide fair value to the customer.

Fair value of products and services

Advisers may also be interested in the fair value of products and services distributed via our abrdn solutions. These cover:
  • Fund Manager and Discretionary Fund Manager charges
  • For Wrap only - Product administration charges and off-platform investment charges (where relevant) for Wrap SIPP, Offshore Bond and Onshore Bond, which are set by Standard Life Assurance Limited and Standard Life International dac (both companies being part of the Phoenix Group of companies (“Phoenix”)) as the manufacturer.

Fund Manager and Discretionary Fund Manager Price and Value assessments

For Fund Manager and Discretionary Fund Manager Price and Value assessments, please see below or view their websites for information.

Should any of these parties indicate an issue with their Price and Value assessment, we’ll communicate this.

7IM

8AM GLOBAL LLP - To be added

ABERFORTH - To be added

AEGON - To be added

ALLIANCE BERNSTEIN - To be added

ALLIANZ

Allspring - To be added

ALQUITY - To be added

AMATI - To be added

AMUNDI - To be added

AQR - To be added

ARBROOK - To be added

ARDEVORA - To be added

ARGONAUT - To be added

Armivest - To be added

ARTEMIS - To be added

ASHMORE - To be added

ASI - To be added

AUBREY

AVELLEMY - To be added

AVIVA

AXA - To be added

AXIOM - To be added

BAILLIE GIFFORD - To be added

BARCLAYS - To be added

BARINGS - To be added

BENNBRIDGE - To be added

BLACKFRIARS - To be added

BLACKROCK - To be added

BLUE WHALE - To be added

BNY - To be added

BREWIN DOLPHIN - To be added

BROOKS MACDONALD - To be added

BROWN ADVISORY - To be added

BROWN SHIPLEY - To be added

CANADA LIFE - To be added

CAPITAL GROUP - To be added

CARMIGNAC GESTION - To be added

CARNE - To be added

CAROLON - To be added

CARVETIAN - To be added

CASTLEFIELD - To be added

CERNO - To be added

CG - To be added

CHURCH HOUSE - To be added

CITY FINANCIAL - To be added

CLARION - To be added

CLOSE BROTHERS - To be added

COHEN STEERS - To be added

COMGEST - To be added

CORNELIAN - To be added

CREDO - To be added

CRUX - To be added

CULLEN - To be added

DAVY FUNDS - To be added

DIMENSIONAL - To be added

DMS - To be added

DODGE & COX - To be added

DOHERTY PN&INV CONSULTANCY - To be added

DOWNING LLP - To be added

DUNDAS - To be added

EATON VANCE - To be added

EDENTREE - To be added

EFG - To be added

EMBARK - To be added

EPIC Investment Partners. - To be added

EQUITY TRUSTEES - To be added

Evelyn  - To be added

EVENLODE - via Spring Capital

FEROX - To be added

FIDANTE

FIDELITY - To be added

FIERA CAPITAL

FIRST SENTIER - To be added

FISHER - To be added

FORTEM CAPITAL - To be added

FRANKLIN TEMPLETON - To be added

FULCRUM - To be added

FUND PARTNER SOLUTIONS - To be added

Fundamental Asset Management - To be added

FUNDLOGIC SAS - To be added

FUNDROCK - To be added

FUNDSMITH - To be added

GAM - To be added

GARRAWAY CAPITAL MANAGEMENT - To be added

Gay-Lussac Gestion - To be added

GEMINI - To be added

GLG - To be added

GOLDMAN SACHS - To be added

GRANAHAN - To be added

GRESHAM HOUSE - To be added

GSI - To be added

GUARDCAP - To be added

GUINNESS - To be added

GVQ - To be added

H2O - To be added

HANDELSBANKEN

HARGREAVES LANSDOWN - To be added

Harrington Cooper AM LTD (IE)

HAVELOCK - To be added

HEPTAGON - To be added

HERMES - To be added

HSBC

IBOSS - To be added

IFSL - To be added

IM GLOBAL PARTNER - To be added

IMPAX - To be added

INVESCO - To be added

JANUS HENDERSON - To be added

JM FINN - To be added

JO HAMBRO - To be added

JP MORGAN - To be added

JP MORGAN MANSART - To be added

JUPITER - To be added

KBI - To be added

KEMPEN CAPITAL - To be added

KINGSWOOD - To be added

LAZARD - To be added

LEGAL & GENERAL - To be added

LEGG MASON - To be added

LINDSELL TRAIN - To be added

LINK FUND SOLUTIONS

LIONTRUST

LONDON & CAPITAL - To be added

LORD ABBETT - To be added

LYXOR - To be added

M&G UK

MAITLAND/APEX GROUP - To be added

MAJEDIE - To be added

MANSARD CAPITAL - To be added

MANULIFE - To be added

MARGETTS - To be added

MARIANA - To be added

MARKS & SPENCER UT MANAGERS - To be added

MATTHEWS ASIA - To be added

MCINROY & WOOD PORTFOLIOS - To be added

MDO MANAGEMENT - To be added

MERCER - To be added

MFM - To be added

MI HAWKSMOOR - To be added

MIRABAUD - To be added

MIRAE ASSET GLOBAL INVESTMENTS - To be added

MITON - To be added

MITON OPTIMAL UK LIMITED - To be added

MLC - To be added

MOMENTUM GLOBAL - To be added

MONTAG CALDWELL - To be added

MONTANARO - To be added

MONTLAKE - To be added

MORANT WRIGHT - To be added

MORGAN STANLEY - To be added

MUZINICH & CO - To be added

NATIXIS GLOBAL - To be added

NEUBERGER BERMAN - To be added

NEW CAPITAL - To be added

NIKKO - To be added

NINETY ONE - To be added

NOMURA - To be added

NORDEA - To be added

Northern Trust - To be added

OCTOPUS INVESTMENTS

ODEY ASSET MANAGEMENT - To be added

ORBIS - To be added

PACIFIC - To be added

PARETO - To be added

PGIM - To be added

PICTET - To be added

PIMCO - To be added

PINEBRIDGE - To be added

POLAR CAPITAL - To be added

POLEN - To be added

PREMIER MITON - To be added

PRINCIPAL GLOBAL INVESTORS - To be added

PRUDENTIAL - To be added

PYRFORD - To be added

PZENA - Via AssetQ

QUILTER

RATHBONE UNIT TRUST - To be added

RAVENSCROFT - To be added

RIVER & MERCANTILE - To be added

ROBECO - To be added

ROCKEFELLER - To be added

ROYAL LONDON - To be added

RUFFER - To be added

RUSSELL INVESTMENTS - To be added

RWC - To be added

SALTUS PARTNERS LLP - To be added

SANLAM - To be added

SANTANDER - To be added

SARASIN - To be added

SCHRODER - To be added

SCOTTISH WIDOWS - To be added

SEI - To be added

SKAGEN - To be added

SLATER

SMITH & WILLIAMSON - To be added

SOMERSET - To be added

Sparinvest - To be added

ST JAMES PLACE - To be added

STEWART INVESTORS - To be added

STONEHAGE FLEMING - To be added

STRATTON STREET - To be added

SVM ASSET MANAGEMENT LTD - To be added

SVS CHURCH HOUSE - To be added

SVS CORNELIAN - To be added

T BAILEY

THREADNEEDLE

TIDEWAY - To be added

TILNEY - To be added

TIME

TOBAM - To be added

TORTOISE - To be added

TRIODOS - To be added

TRIUM - To be added

TROY - To be added

TUTMAN - To be added

TWENTYFOUR

UBS - To be added

UNICORN ASSET MANAGEMENT - To be added

UNION BANCAIRE PRIVEE - To be added

UNIVERSAL INVESTMENT - To be added

UTI - To be added

VALU-TRAC - To be added

VANGUARD - To be added

VERITAS - To be added

VONTOBEL - To be added

VULCAN VALUE PARTNERS - To be added

WAVERTON - To be added

WAYSTONE

WELLINGTON - To be added

WINTON - To be added

WISE - To be added