Standard Life is in the process of moving the majority of Unit Linked transactions to a forward pricing basis. This brings Standard Life in line with industry practice.
Single and Transfer Payments into our Personal Pension Flex, Stakeholder Pensions, SIPP* products and selected UK Investment Bonds* have moved to a forward price. Further transactions will follow during 2010. The changes will move the allocation date of transactions forward by one working day. This will be the working day following receipt of the fully completed application and payment.
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.
Change to determining the price for Bond Products
Prior to allocating units, we require receipt of the fully completed application, trust documentation and payment. Interest will not be paid for any delays as a result of incomplete application forms or trust documentation.
If you require any further information, please call us.
*Products on the Wrap platform invested in insured funds will remain historically priced at present.
