View more on these topics

Standard adds flexible personal pensions

Standard Life is offering two new personal pensions that allow flexibility on contribution payments, bringing the products in line with the leeway allowed on stakeholder.

The personal pension flex and group personal pension flex offer customers a range of different payment methods and allow them to vary the frequency and amount of contributions they make.

Customers can reduce contribution levels or make extra contributions as and when their finances allow it. The contracts are priced at 1 per cent and have 100 per cent allocation. Further external fund links are available but are priced outside the 1 per cent cap.

The contracts have a with-profits guarantee of 0 per cent, meaning investors will not suffer any loss on their fund when they come to retirement, regardless of market levels.

Standard says it has a market share of individual pensions, including GPP sales and stakeholder, of 21.5 per cent for the first quarter this year and 28.2 per cent in the IFA market.

Marketing development manager Abigail Morrison says: “We have redefined the features of our plans in response to customer demands for greater flexibility. They want to have greater control over how and when they pay their contributions.”

Recommended

&#39£10k medical bill as insurer cancels policy&#39

An Essex IFA is outraged at the treatment a client received from niche PMI insurer Revelation Health-care after it ended his policy halfway through its one-year term.French & Associates financial consultant Roger Lloyd says the insurer offered PMI cover to his client but revoked the contract without a full explanation.The client contracted a serious illness […]

Lender suggests route for unqualified brokers

As the mortgage industry gears up for regulation, packager Rapid Money says it is offering a lifeline to unqualified brokers while competitor Olympian Financial is calling on firms to form a lobbying group.The Mortgage Code Compliance Board has told intermediaries they must have the Chartered Insurance Institute&#39s mortgage advice qualification or the Institute of Financial […]

FSA says depolarisation rules will be out by Christmas

The FSA has set itself a deadline of Christmas to publish its consultations the new post polarisation regime.It says it has been deluged by responses to CP121 from the industry and consumers, some of which are large in size and require time to process. The regulator also says it will have to take the reviews […]

Exeter Friendly Society – Interplan Euro

Friday, 5 July 2002Type: Private medical insurance for expats living in Spain, Portugal orGibralter for a minimum of 180 days a yearMinimum-maximum ages: 18-79Maximum benefit: Level 1 15,000 euros, level 2 75,000 euros, level 3150,000 eurosCover provided: Hospital charges, specialist services, parentalaccommodation, out-patient treatment, out-patient services, GPconsultations, physiotherapy, complementary treatment, oncology,home nursing and private ambulanceCharges: […]

Newsletter

News and expert analysis straight to your inbox

Sign up

Comments

    Leave a comment