Developments in the economic and regulatory environment over the past five years mean that with profits investments have changed fundamentally.

Reviewing is good practice – but it doesn’t always mean moving

Because of these changes, it is essential to review your clients with profits policies, no matter who the provider is, to establish whether with profits remains a suitable investment for your clients – the reviews should only aim to highlight the cases where moving a policy would be in the client’s best interests.

How can Standard Life help?
The Standard Life With Profits Review Programme provides a straightforward, end-to-end process to help you manage with profits reviews. It includes:

• Best practice guidelines including a step-by-step guide to with profits reviews developed with AKG
• Tools and templates for use with each step of the process
• Useful sources of with profits information
• Factsheets to help you explain with profits to your clients
• Important with profits data for reviews including information on AKG ratings, asset mixes and details on open and closed funds
• A with profits analyser as part of our Portfolio Planning Tool which enables you to use stochastic modelling to forecast the range of possible returns from a with profits investment and compare with alternative strategies.

For further information on the Standard Life with profits review programme please see the dedicated with profits site on adviserzone.

Assistance offered through adviserzone
You can now access a client specific With Profits report on our Client View service on adviserzone. This service is available for Individual and Group Pension Plans where there is a With Profits investment.

The report is available at the click of a button and details information such as current plan details, projection of benefits, transfer values, annual management charge, sum assured, guarantees, funds invested in and details of any bonuses. The report can be easily saved to email or printed to post out to your client.

Client View can provide you with aggregated fund values for your clients, allowing you to change name and address details, change investment funds and obtain a projection of benefits.

If you require details of your clients who hold With Profits policies with us, you can obtain this information by using Bulk Data Download on adviserzone.

To register for this service, go to the adviserzone homepage. Registration can be by User ID and Password, or by using your Unipass digital certificate. If you have forgotten your password, click on the link on the homepage and a new password will be issued to you by email immediately.

If you require any assistance with registration and adviserzone, please call our helpdesk on 0845 60 60 036 (Opening hours: Monday to Friday 8.00am - 5.30pm, call charges may vary).

Available at a time suitable for you, it's much easier to obtain information from Standard Life.

Links to other newsletter stories

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The most efficient way to take a pension income?

Inheritance tax on death during ASP

The ASP and religion debate

Offshore bonds and pensions

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Contracting-out: Standard Life's view

Client letters - pension age change

Growing demand for retirement planning advice

Useful links

• Past Performance Summaries
• What Funds Where?
• Tech Zone
• Press Releases and other news
• Adviser News archive

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