The potential new model portfolios are focused specifically on retirement, head of investment group relationships Graham Dow said.
Standard Life believes rule changes bringing flexibility on whether to buy an annuity and allowing drawdown from pension pots has created a requirement for model portfolios which are specifically tailored to the priorities of retirees.
Dow said that research suggests retired people increasingly want to not only draw an income from their pot, but preserve the capital to ensure they leave a sizable inheritance to loved ones.
The group has a wide range of model portfolios already on its platform but so far only two investment groups have retirement specific offerings on there, Standard Life itself and Charles Stanley.
Dow is hopeful this number will jump to eight investment groups by the end of 2015.
Ultimately, Dow said he thinks it is feasible most if not all 41 of the investment groups Standard Life has on its platform will create and add retirement focused model portfolios.
Dow believes the pension rules changes can be a big factor in creating a ‘golden age for DFMs’ with a large amount of money needing a new home and platform providers such as Standard Life playing a big role.
