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Lincoln cuts fund management charges

Lincoln Financial Group is meeting the challenge of stakeholder charges by offering its regular-premium individual personal pension customers the option to top up their pension and receive a reduced annual fund management charge of 0.5 per cent on the increment.

The 0.5 per cent offer applies to the topped-up element of the pension and will be open until at least the end of 2002.

Lincoln development officer Steve Parkinson says: “We think this is an imaginative offer – and it is an effective way for us to reward the loyalty of our customers, especially at a time when they will be considering their options under the stakeholder regime.”

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