Standard Life is in the process of moving the majority of Unit Linked transactions to a forward pricing basis. The products sold by Standard Life are long term savings and investment products and this change does not impact the suitability of the plan for our customers. This brings Standard Life in line with industry practice.
The change moves the allocation date of transactions forward by one working day. This is the working day following receipt of the fully completed application and payment.
A phased approach has been adopted with transaction types and systems moving to a forward price over a period of 18 months. The first transactions to change were Single and Transfers Payments into our Personal Pension Flex, Stakeholder Pensions and SIPP products and selected UK Investment bonds. The next transactions to change will be Transfer Payments out of Personal Pension Flex, Stakeholder Pensions and SIPP products with Retirements and Drawdown transactions to follow.
If you require any further information, please contact your Account Manager or Business Centre.
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