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Scot Life offers improved terms for GPP plans

Scottish Life is introducing two new offers on its personal pension plan which it says will enable IFAs to provide their clients with enhanced pension savings opportunities.

The offers cover improved terms for new group personal pension plans and special terms for transferring to a group pension plan with Scottish Life.

The effect of the terms for new GPP schemes is to reduce the annual management charge by around 0.1 per cent for mid-sized schemes and above.

The effect of the special offer terms for transferring GPP is to produce an annual management charge for the transfer value of 0.2 per cent on a nil commission basis.

Scottish Life senior product marketing manager David McKenzie says: “The special offer terms are available alongside Scottish Life&#39s current campaigns of marketing support for IFAs, notably &#39Transfer to the Winning Team&#39, &#39Contribution Countdown&#39 and &#39Your Worksite Marketing Pack&#39. The terms will vary from one scheme to another and our sales consultants will be very happy to provide quotations for specific cases.”

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