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Scottish Widows – Retirement Account

Scottish Widows

Retirement Account

Type: Full self-invested personal pension

Minimum investment: Lump sum/transfers £10,000, £200 a month, £2,400 a year

Investment choice: Scottish Widows pension fund range of 37 internally managed and 26 externally managed pension funds from eight fund management groups, 1,000 funds through fund supermarket, choice of four discretionary fund managers, commercial property

Options: Unsecured pension option from late 2007

Charges: Service charge 0.2-0.7% a year depending on value of investment, investment charges – Scottish Widows pension fund range 0.1-1.1% a year depending on fund, fund supermarket range 0.1-2% a year depending on fund, discretionary fund managers 0.5-0.8 % a year depending on manager and amount invested plus additional charges for underlying investments, commercial property management charge 0.1-1.25% a year plus additional costs

Commission: Subject to negotiation between adviser and client



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