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
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'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.