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NPI hopes to profit from star rating

NPI says it expects to gain access to national IFAs&#39 pension panels after its with-profits fund was awarded a four-star rating by independent actuaries AKG.

The fund previously carried a three-star rating for its future performance potential from the independent actuarial and financial services consultancy. This meant it was not eligible for inclusion on the with-profits panels of many national IFAs.

NPI says the announcement is further endorsement of its restructuring following its takeover by Australian giant AMP. The move brought NPI under the international AMP Group which has assets under management of over £105bn.

The rating has been awarded to NPI on the basis of its approach to bonuses and expenses.

Director of national accounts and corporate pensions David Tildesley says: “AKG judges investment providers on a number of criteria including past performance and investment and bonus philosophy. In 1999, NPI was awarded four stars for financial strength when it became part of AMP group. NPI also holds a Standard and Poor&#39s AA rating for financial strength.”

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