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ScotLife changes terms of GPP contracts

Scottish Life announced changes to the terms of some of its grouped personal pension contracts to reflect the present position with regard to stakeholder pensions.

Changes are being made to terms for new entrants to GPP schemes, which ensure that Regulatory Update 64 conditions are satisfied.

Changes are also being made to ScotLife&#39s increment guarantee for some GPP schemes. Improved terms have been announced for most GPP schemes.

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