View more on these topics

Standard Life gives GPP a facelift

Standard Life has designed personal pension flex, an individual personal pension that replaces the company’s existing individual personal pension.

Personal pension flex is designed to offer more flexibility than the previous product in terms of contributions. The previous product enabled policyholders to make annual or monthly contributions, whereas the new product allows contributions to be made whenever the policyholder chooses.

The pension has a total of 31 fund links, which include 12 external funds from fund managers such as Fidelity, Threadneedle and Gartmore. If only internal funds are chosen, the basic 1 per cent charge will apply. This will be increased if external fund links are chosen.

The charges for external funds differ depending on the fund, but none will incur a charge beyond 0.5 per cent. Where IFAs are required to give extra advice on the selection of external funds, up to 0.3 per cent will be added.

Legal & General’s personal pension plan is a similar individual pension plan, but it is not as flexible as Standard Life’s offering since contributions can be paid monthly, annually or quarterly.

However, the Legal & General pension offers more funds than the Standard Life pension, including 16 external funds from fund managers including JP Morgan Fleming, Deutsche and Newton. An extra charge of up to 0.15 per cent is payable for each external fund link.

But Legal & General focuses on five fund managers, whereas Standard Life recognises that few fund managers excel in all areas and provides a greater choice of nine managers.


Inora Life bonds with 25 stocks

Inora Life has established the dynamic income fund series 3, a guaranteed offshore bond which is linked to 25 stocks from the FTSE 100 index for five years.Investors have a choice of annual income of 9 per cent, quarterly income of 2.15 per cent or a growth option of 49 per cent at the end […]

Standard Life Sipp&#39s in

Summing up, Boylan says: “Where there is a case fordrawdown with smaller funds, they will have to go elsewhere. Largefunds will probably go to specialist administrators and pay the feesdirectly. This is a good offering for the £100,000 to £500,000 type offund. Again, I should like to see discretionary portfolios on offercombined with a lifestyle […]

Gartmore mixes government bonds and corporates

Gartmore has added the Gartmore Sicav European bond fund to its offshore fund range.The fund invests in government bonds as well as investment-grade corporate bonds. It aims for capital growth over the long-term and is expected to have around 52 holdings including Spanish, German and Swedish government bonds, plus corporate bonds from Tesco, hotel group […]

ABI deputy chair appointed to FSCS board

The Financial Services Compensation Scheme has announced it is appointed two new non-executive directors to its board. Bernard Day and Tim Vogel join the compensation scheme for terms ranging between two and four years.Day counts amongst his several non-executive positions deputy chairman of the ABI, chairman of the General Insurance Council and director of the […]


News and expert analysis straight to your inbox

Sign up


    Leave a comment


    Why register with Money Marketing ?

    Providing trusted insight for professional advisers.  Since 1985 Money Marketing has helped promote and analyse the financial adviser community in the UK and continues to be the trusted industry brand for independent insight and advice.

    News & analysis delivered directly to your inbox
    Register today to receive our range of news alerts including daily and weekly briefings

    Money Marketing Events
    Be the first to hear about our industry leading conferences, awards, roundtables and more.

    Research and insight
    Take part in and see the results of Money Marketing's flagship investigations into industry trends.

    Have your say
    Only registered users can post comments. As the voice of the adviser community, our content generates robust debate. Sign up today and make your voice heard.

    Register now

    Having problems?

    Contact us on +44 (0)20 7292 3712

    Lines are open Monday to Friday 9:00am -5.00pm