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It&#39s a new world for Axa Sun Life pensions

Axa Sun Life has launched its pre- and post-stakeholder pension pro-

position which will focus on e-business.

Starting in October, its new range, “new world” Axa Sun Life pensions,

will have a single charge, a minimum contribution level of £20 and no

exit penalties.

The company says the range of pensions will include stakeholder-friendly

pensions with a maximum 1 per cent charge, individual personal pensions,

group personal pensions and group occu- pational pensions.

The new pensions will be available through Axa&#39s existing extranet site,

with a new service team providing support.

The range will include a no-frills product called &#39saver&#39 which will meet

the maximum 1 per cent charge for stakeholder.

But the life office says IFAs will also be able to offer a more

sophisticated “investor” product for their clients who want advice. This

plan offers more investment choice with an increased ann-ual management

charge above 1 per cent.

Pensions development manager Steve Burgess says: “Our objective is to

deliver value-for-money products at a profit. To do this, we must make the

most of the new technologies of the internet.

“The new Axa Sun Life pension range gives customers and advisers real

choice between added value options and investment vehicles and a more

straightforward design which meets the requirements of the 1 per cent

stakeholder world.”


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