Standard Life Products To Be Offered Through NAB

Written by Editorial Team

28 April 2005

Standard Life and the National Australia Bank Group (NAB) have entered a new agreement for multi-product distribution.

The deal will see a host of Standard Life products marketed by NAB through its branches of Yorkshire Bank and Clydesdale Bank.

Nathan Parnaby, managing director, sales, Standard Life, said: “Whichever way you look at it, this is a perfect fit. Standard Life will provide quality products of proven popularity, while NAB brings major distribution capability and a large potential customer base.

“The synergies to be gained by bringing together the respective strengths of both organisations should be significant.”

Products included in the agreement are Standard Life’s Self Invested Personal Pension (SIPP), Group Personal Pension and mutual funds.

Standard Life has already announced distribution agreements with Barclays Bank, the Lighthouse Group and THINC Destini.