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Scot Am cuts GPP charges for schemes with over 25 members

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Scottish Amicable is cutting the annual membership charge on its group personal pension contracts for schemes with more than 25 members.


The life office is reducing its charge to £18 from £30 with effect from November 16.


The life office claims it has formed a dedicated scheme design team to help customise GPPs and tailor them to individual members&#39 needs. The latest move follows a number of other changes, including adding flexible waiver options, lifetime investment options and long-term care.


Scottish Amicable pensions development director John Glendinning says: &#34The market is becoming more competitive. We have lowered our charges in response to this and because we want to be the most competitive.&#34

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