View more on these topics

Standard Life offers variable annuity guarantee for Sipp

Standard Life is set to bring out a variable annuity product this summer for new and existing self-invested personal pension customers.

The product will take the form of a set of guarantees that clients can add to the funds within their Sipp.

Charges depend on which type of fund the client takes out the guarantees on but will be between 2.5 and 3 per cent, including commission, for the first six years and around 60 basis points less thereafter.

Standard Life is also launching a free retirement manager tool in May which will allow advisers to take tax planning into account when giving pension advice.

The tool is designed to do all the number-crunching for advisers and head of pensions policy John Lawson claims it could cut the time and cost involved in the advice process by as much as half.

Lawson says third-way products have not yet taken off in the UK because they are expensive and viewed with suspicion as consumers do not recognise the names of the providers offering them.

Recommended

Indian summer

The Indian stockmarket has had a torrid start to the year but the region continues to curry favour with investors.

Skipton BS cuts BTL LTV to 75%

Skipton Building Society has cut its maximum loan to value on its buy to let products from 85 per cent to 75 per cent with immediate effect.

Nigeria cover image - thumbnail

White paper — Nigeria International Insights

Jelf Employee Benefits closely examines healthcare provision and challenges within Nigeria. This will be of particular interest to HR decision makers with employees based in Nigeria, and assesses the environment, risks, facilities and safeguards that are relevant to organisations that are actively deploying expatriate staff in this location.

Newsletter

News and expert analysis straight to your inbox

Sign up

Comments

    Leave a comment