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Scottish Mutual writes a classic

Scottish Mutual is offering the classic flexible trustee investment plan

to three groups of pension investors.

The first group is trustees of pension funds and self-invested pension

plans. The second is people who manage their own pensions and the third is

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 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.

The product is similar to the AIG Life trustee investment bond. However,

the AIG 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&#39s, 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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Tuesday, 28 August 2001.Type: Oeic.Aim: Growth by investing in US equities.Minimum investment: Lump sum £500, monthly £40.Investment split: 100 per cent US equities.Isa link: Yes.Pep transfers: Yes.Charges: Annual 1.5 per cent, initial 3.5 per cent.Commission: Initial 3 per cent, renewal subject to negotiation.Tel: 0161 214 6868.  

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