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Standard Life adds safer options for Sipp

Standard Life has developed new investment options to extend its range of less volatile forms of investment through its individual, group and wrap Sipps.

Capital guaranteed plus is now available over one and two year terms and is a capital-protected product. There are also two new fixed-rate accounts paying 5.5 per cent over six months or 5.65 per cent for a year.

Standard says the options increase the range of “safer-haven” investments available to customers and form part of the development of its Sipp.

Director of retirement solutions Dave Campbell says: “In the current climate, we are seeing strong demand for less volatile investments. Advisers and their clients have been asking us to introduce safer options within a Sipp and we have reacted positively and swiftly.

“Our absolute return funds are already being used by advisers as part of a diversified portfolio to help preserve capital values and these new options extend the range of solutions.”


CAB calls on lenders to show sympathy

The Citizens Advice Bureau believes lenders must be made responsible for some of the Government’s measures. Chief executive David Harker says: “Lenders must show forbearance, treat people in difficulties sympathetically and negotiate reasonable, affordable repayment arrangements with borrowers, ensuring they take possession action only as a last resort.”


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