Pension One Investment Funds

The Pension One Funds are available to investors in the following products:

• Group Personal Pension Plan (GPP) / Group Personal Pension One (GPPOne) / Group Personal Pension Flex (GPPFlex)
• Group Flexible Retirement Plan (GFRP)
• Personal Pension Plan (PPP) / Personal Pension One (PPOne) / Personal Pension Flex (PPFlex)
• Executive Pensions (EPP, Premier and Standard SSAS)
• Group Plan (Contracted in Money Purchase - CIMP)
• Group Additional Voluntary Contribution Plan (GAVC)
• Self Invested Personal Pension (SIPP)
• active money personal pension (AMPP)
• active money self invested personal pension (AMSIPP)
• Pension Fund Withdrawal Plan (PFWP)
• Retirement Account Plan (RAP)
• Individual Buy-Out Plan (IBOP)
• Retirement Account Plan for Small Self-Administered Scheme (RAP for SSAS)

The funds listed below are managed by Standard Life Investments. To view another manager's funds please choose from the drop-down menu.

To view fund information in the form of a fact sheet simply click on the name of the fund shown. Please note that these fact sheets are provided in PDF format. Should you wish to view the fact sheets, you must have Adobe Acrobat Reader.

The fund descriptions are intended for individuals who are familiar with investment terminology. Please contact your financial adviser if you need an explanation of the terms used.

You can also view the Lifestyle Profiles available(PDF). This is not available for PFWP

Values shown are displayed in pence.

Fund	Graph	Price	Daily Change			Change Date
Standard Life Investments AAA Income Fund		112.9		0.50	0.44%	02/09/2010
Standard Life Investments Select Income Fund		119.0		0.30	0.25%	02/09/2010
Standard Life Investments UK Equity Growth Fund		105.4		0.60	0.57%	02/09/2010
Pension Strategic Bond One Fund		120.5		0.40	0.33%	02/09/2010
Standard Life Investments UK Equity Recovery Fund		105.5		1.10	1.05%	02/09/2010
Standard Life Investments European Equity Income Fund		102.8		1.30	1.28%	02/09/2010
Standard Life 2010 European Equity Tracker ###		96.1		1.00	1.05%	02/09/2010
Standard Life 2010 FTSE Tracker Fund ###		104.1		2.80	2.76%	02/09/2010
Standard Life 2010 Global equity 50:50 Tracker Fund ###		102.5		1.60	1.59%	02/09/2010
Standard Life 2010 Overseas Tracker Fund ###		100.8		0.50	0.50%	02/09/2010
Standard Life 2010 US Equity Tracker Fund ###		101.5		0.70	0.69%	02/09/2010
Standard Life 2010 UK Gilt Tracker Fund ###		109.2		0.50	0.46%	02/09/2010
Pension Managed 50:50 One Fund ###		117.9		0.60	0.51%	02/09/2010
Pension Managed 60:40 One Fund ###		116.9		0.90	0.78%	02/09/2010
Pension Managed 70:30 One Fund ###		115.9		1.20	1.05%	02/09/2010
SLI Global Absolute Return Strategies Fund		125.4		0.70	0.56%	02/09/2010
Pension Sterling One Fund		140.7		0.10	0.07%	02/09/2010
Pension Cautious Managed One Fund		147.6		1.20	0.82%	02/09/2010
Pension Property One Fund#		160.3		-0.10	-0.06%	02/09/2010
Pension Fixed Interest One Fund		175.4		-0.20	-0.11%	02/09/2010
Standard Life Investments Global Equity Select 60:40 Fund		111.2		2.30	2.11%	02/09/2010
Standard Life Investments Global Reit Fund		59.5		0.10	0.17%	02/09/2010
Pension Protection One Fund		165.9		-1.40	-0.84%	02/09/2010
Pension Managed One Fund		134.4		1.90	1.43%	02/09/2010
Pension Ethical One Fund		154.1		2.50	1.65%	02/09/2010
Pension Stock Exchange One Fund		137.8		2.30	1.70%	02/09/2010
Pension International One Fund		113.2		1.30	1.16%	02/09/2010
Pension UK Equity One Fund		122.4		3.30	2.77%	02/09/2010
Pension Far East One Fund		128.2		1.40	1.10%	02/09/2010
Pension European One Fund		114.9		3.70	3.33%	02/09/2010
Pension North American One Fund		79.4		-0.20	-0.25%	02/09/2010
Pension Japanese One Fund		50.7		0.40	0.80%	02/09/2010
Pension Pacific Basin One Fund		215.8		2.60	1.22%	02/09/2010
Pension FTSE* Tracker One Fund ***		121.6		3.20	2.70%	02/09/2010
Pension Cash One ##		132.6		0.00	0.00%	02/09/2010
Pension Index-Linked One Fund		168.5		-1.60	-0.94%	02/09/2010
Pension US Equity Tracker One Fund ***		120.4		0.90	0.75%	02/09/2010
Pension European Equity Tracker One Fund ***		169.2		1.80	1.08%	02/09/2010
Pension Global Equity 50:50 Tracker One Fund ***		151.8		2.40	1.61%	02/09/2010
Pension Cautious Manager of Managers Fund		127.9		1.00	0.79%	02/09/2010
Pension Balanced Manager of Managers Fund		133.0		2.00	1.53%	02/09/2010
Pension Global Equity Manager of Managers Fund		131.4		2.30	1.78%	02/09/2010
Pension UK Equity Manager of Managers Fund		133.9		3.50	2.68%	02/09/2010
Pension Overseas Manager of Managers Fund		125.9		0.90	0.72%	02/09/2010
Pension UK Opportunities One Fund		164.2		0.90	0.55%	02/09/2010
Pension Corporate Bond One Fund		160.1		0.40	0.25%	02/09/2010
Pension UK Equity Select One Fund		183.9		5.20	2.91%	02/09/2010
Pension Global Equity 50:50 One Fund		161.3		3.10	1.96%	02/09/2010
Pension Overseas Tracker One Fund ***		131.4		0.50	0.38%	02/09/2010
Pension Overseas One Fund		152.2		1.50	1.00%	02/09/2010
Pension Managed Cash One Fund		100.1		0.00	0.00%	02/09/2010
Standard Life Investments Select Property Fund		75.1		0.10	0.13%	02/09/2010
Standard Life Investments UK Smaller Companies Fund		233.4		1.60	0.69%	02/09/2010
Standard Life Investments Global Equity Unconstrained Fund		91.2		0.40	0.44%	02/09/2010
Standard Life Investments Dynamic Distribution Fund		104.9		0.40	0.38%	02/09/2010
Standard Life Investments Higher Income Fund		118.5		0.20	0.17%	02/09/2010
Standard Life Investments UK Equity High Income Fund		95.4		0.50	0.53%	02/09/2010
Standard Life Pension Long Corporate Bond One		116.4		0.40	0.34%	02/09/2010
Standard Life Pension Individual Property One +++		74.3		0.00	0.00%	02/09/2010
Standard Life SLI Global Index Linked Pension Fund		103.116134		0.40	0.39%	02/09/2010

# The Pension Property One Fund is not available under PPFlex, EPP, SSAS, RAP for SSAS, IBOP, PPOne, AMPP, SIPP and PPP.

* FTSE

*FTSE International Limited ("FTSE") does not sponsor, endorse, or promote this fund. All copyright in the index values and constituent list vests in FTSE. Standard Life Assurance Limited has obtained licence from FTSE to use such copyright in the creation of this fund. "FTSE®" is a trade mark jointly owned by the London Stock Exchange Plc and The Financial Times Limited and is used by FTSE under licence.

About These Prices

The price shown is the price at which units in each of the Investment Funds are both bought and sold on 02/09/2010. These prices are for information purposes only. For more information on the actual unit prices that will be used when a transaction is carried out please contact us.

Your Investment

The value of your investment can go down as well as up. The sterling value of overseas assets in these funds may also rise and fall as a result of exchange rate fluctuations. In order to maintain fairness between unitholders remaining in and unitholders leaving a fund, we may, in exceptional circumstances, delay transferring or switching all or part of your funds for up to one month or, in the case of units of a fund which invests directly or indirectly in buildings or land, for up to six months. The delay could be much longer if the fund is linked to an external fund manager and that fund allows a longer delay. If we delay the transfer or switch, we will use the unit prices that apply on the day that the transfer or switch actually takes place.