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Scottish Life removes policy fee on regular premium plans

Scottish Life has removed the policy fee for all new regular premium plans of £100 or more per month.

The life office says the move is designed to increase the attractiveness of its personal pension plans and that the removal of the policy fee produces a substantial improvement in its competitive position.

Head of Communications Alasdair Buchanan says: "Retirement planning continues to be a very complex area and, in many cases, the cheapest solution does not necessarily prove to be the best. It is in areas such as retirement planning that IFAs really come into their own and having access to competitive and flexible contracts is crucially important."

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