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Scottish Mutual looks at the classic flexible way

Scottish Mutual has introduced the classic flexible trustee investment plan.

The plan is aimed at three groups of pension investors. The first are trustees of pension funds and self-invested pension plans. The second are those people who manage their own pensions. Thirdly, it is also aimed at people who are looking to diversify an existing pension portfolio.

The investment plan offers access to the full range of Scottish Mutual pension funds, as well as to managed funds from external managers such as Fidelity, Merrill Lynch, Newton and Perpetual. Investors can pick up to 10 different funds to be included in the plan and the funds are graded as cautious, medium or high risk.

Minimum regular contributions to the plan are £500 a month and payment can be made monthly, quarterly, every six months or yearly. Contributions can be increased, stopped or decreased at any time. Single contributions can also be paid in.

The product is similar to the AIG Life trustee investment bond. However, the AIG Life product offers access to a much wider range of external fund managers including Jupiter, Fidelity, Perpetual, ABN AMRO, Exeter, Threadneedle, Aberdeen and INVESCO, as well as AIG Life pension funds.

According to Standard & Poor’s, of the 18 Scottish Mutual pension funds seven are first quartile, two are second quartile, two are third quartile and seven are fourth quartile, based on £1,000 invested on a bid-to-bid basis with gross income reinvested over three years to August 8, 2001.


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