Closure of execution-only stockbroking option on PRSAs
At Standard Life, we regularly review the investment options available on our products and have just completed an exercise on the Synergy PRSA. The aim of this latest review was to simplify the Synergy PRSA offering.
As a result, we are removing the execution-only stockbroking option via Stocktrade from the PRSA product with the following timelines.
Key points to note:
- New Business PRSA execution-only stockbroking option removal from today
- Stocktrade is removed as an option on our  Synergy PRSA product for new business
- Moving/switching money to Stocktrade from an existing PRSA policy is no longer available
- Existing PRSA customers have 12 months to divest their holdings held via Stocktrade
- We are giving a 12 month notice period to allow a reasonable time for existing customers to close their Stocktrade account on their PRSA policy
- We will be writing directly to all existing Stocktrade PRSA account holders to inform them that they must close their Stocktrade PRSA account by 30 April 2026
We will write separately to advisers who have existing Synergy PRSA customers with a Stocktrade account giving more specific details in relation to these policies and options available.
Our Synergy PRSA product continues to offer a comprehensive range of investment options including our packaged multi-asset MyFolio Funds, Global Index Funds and Target Retirement Funds, as well as bespoke investment funds, and deposits. See the Investment Options Guide for more information.
If you have any questions, please contact your Standard Life Business Manager.