Active Money personal pension

Product Overview

When we researched attitudes to personal pensions with young and successful consumers they told us that a personal pension should fit their lives today, and not just their plans for the future. That's why we've designed the active money personal pension with their busy lives in mind, offering a simple low-cost way of accumulating pension assets.

And when we spoke to advisers, you told us that your needs were similar - a simple easy to manage pension with a full range of remuneration and low-cost investment options.

How the active money personal pension meets client and adviser needs

	For your business	For your client
Simplicity	A simple competitively priced pension plan for clients that need to accumulate assets. No requirement to explain or justify more complex features before they're needed, such as access to drawdown or self-investment. Simple upgrade process to SIPP and drawdown - your client keeps the same plan number.	A simple pension plan that enables them to accumulate assets now without having to worry about all the possibilities until life gets more complicated. Easy access to SIPP features if required in the future. A range of simple tracker and managed investment options.
Low-cost Management	Comprehensive online capability and access, cutting out the paper chase for your business. A range of lifestyling options and managed funds with re-balancing so that you don't need to keep a constant eye on asset allocation.	A range of easy-to-manage investment options including lifestyling options and managed funds with re-balancing. Online access that enables them to check on their policy with ease and speed.
Low-cost investment options	Low fund management charges for our range of low-cost tracker and managed funds:
Low-cost investment options	A range of 6 tracker investment funds (0.5% a year FMC):	A range of 3 low-cost managed funds offering re-balancing (0.6% a year FMC)
Flexibility	Full range of remuneration options, to help you charge clients in a way that suits them and your business: Initial commission on regular and single payments. Fund-based renewal commission. Adviser fees.	Take control online by stopping, re-starting, increasing or reducing payments, with minimums of: £150 gross monthly payment £1500 gross annual payment £1000 gross one-off payment

Defaqto's take on our active money personal pension

Standard Life has made efforts to embrace the ethos of the FSA's Treating Customers Fairly initiative within the development phase of the active money personal pension by conducting market research and testing among their two key target audiences, IFAs and the end consumer.

Standard Life's active money lifeplan range, which brings together a mix of personal pension and SIPP characteristics, can form a suitable solution for IFAs across a range of individual pension product types identified by Defaqto, including personal pension and 'collectives' SIPP.

Standard Life's active money lifeplan range can form a suitable solution for a variety of IFA investment needs identified by Defaqto, including a 'pick your own' funds approach, a partial outsourcing approach and a complete investment delegation approach.

From a structural perspective all three products within the active money lifeplan range are written under the same scheme making movement between the individual products, if required, more straightforward and minimising impact on the client.

Standard Life's move to provide a Trustee Cash Account within the entrance level product in their new range is a positive move as they now offer clearly defined access to both a cash account and cash funds.

The active money personal pension product charging structure is clear in that charges are only levied where IFA commission or fees are payable and Standard Life offers a range of remuneration/charging options designed to meet client and IFA needs.

The active money personal pension offers a comprehensive panelled fund range including externally managed, index tracker, ethical, property, multi-manager and lifestyle fund options. The range, governed by Standard Life's Unit Linked Investment Committee, covers a variety of asset classes and geographical sectors and should provide a sufficient panelled investment solution for many IFAs.

Standard Life offers a good range of online servicing facilities for the active money personal pension for both the IFA and the client.

The information on this site is for qualified advisers only and must not be relied on by anyone else. If you are not an adviser you should go to our main website for information about our products and services.

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