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Scot Am cuts GPP charges for schemes with over 25 members

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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