As part of the continued development of the Standard Life SIPP, we are pleased to announce some enhancements to the proposition which have recently been introduced.
Protected Rights
The minima for access to the Standard Life SIPP and Pension Fund Withdrawal Plan (PFWP) contracts have been updated and the new minimum entry levels are shown below;
Minimum
into Savings |
Minimum
into Drawdown |
|
| SIPP | £10,000 |
£50,000 |
| PFWP | £10,000 |
£50,000 |
| Combined SIPP and PFWP | Overall
amount £20,000 |
Overall
amount £50,000 |
This makes the minima for SIPP and PFWP the same, and for clients with both types of contracts, the overall amount can be made up of any combination.
Increased FBRC for PFWP
In addition to the changes on minima, the maximum amount of fund based renewal commission (FBRC) available on PFWP has been increased from 0.5% up to 1%. This again brings PFWP in line with SIPP.
Shortened SIPP Application Form
To help reduce the length and complexity of the SIPP application process, we have introduced a new shortened application form. This is exclusive to clients looking to invest in our sigma Insured and Mutual fund range and do not want to enter into immediate drawdown. Click here to view our new simplified application form (SLSIP30A). This is also available to download from the literature section on adviserzone.
New Cash solutions on SIPP
In the current market the need for cash solutions has risen in prominence. Therefore, we are pleased to advise that we have added two new cash solutions onto SIPP;
One Year Fixed Rate Account
30 Day Notice Account
Charges are not guaranteed and are subject to change.
• adviserzone
• Techzone
• Past Performance Summaries
• Pensions News archive
Tell us what you think of our newsletter.
Give feedback here
•click here to update
[Important Legal Notice][Cookie Policy]
Please note that adviserzone features UK and offshore products provided by Standard Life Assurance Limited and other subsidiaries of Standard Life plc. Click here for a list of product providers.
Standard Life Assurance Limited (SC286833) is registered in Scotland at Standard
Life House, 30 Lothian Road, Edinburgh EH1 2DH and is authorised and regulated
by the Financial Services Authority. 0131 225 2552. Calls may be recorded/monitored.
© 2009 Standard Life.
