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We are pleased to announce we have increased the insured fund discounts on our Active Money Personal Pension (AMPP) and Self Invested Personal Pension (SIPP) with effect from 25 May 2022, for new and existing clients.
This means your clients who are invested within our eligible insured funds will receive lower charges on their plan, allowing more of their money to be invested.
This is a signal of our renewed commitment and investment in supporting the UK adviser market, helping you to support clients in effectively planning their financial futures and managing life’s big events.
| Total value of funds (Insured funds and SIPPZone mutual funds only) |
Insured Fund Discount (to 24 May 2022) |
Insured Fund Discount (from 25 May 2022) |
| £0 to £25,000 | 0.3% | 0.3% |
| £25,000 to £250,000 | 0.3% | 0.5% |
| £250,000 to £500,000 | 0.4% | 0.5% |
| £500,000 + | 0.5% | 0.5% |
What does this mean in practice?
Let's say your client has a total plan value of £100,000 and is solely invested in the Standard Life Sustainable Focus 3 Pension Fund within our SIPP. This fund has a Total Fund Charge of 0.99%.
Prior to 25 May, your client was receiving a discount of 0.30% meaning that the Effective Total Annual Fund Charge was 0.69%.
However, under the new discount levels your client will now receive a discount of 0.50%. This means that the Effective Total Annual Fund Charge will be 0.49% p.a., as a result of the improved discount of 0.20% p.a.
We will be issuing letters to your clients next week (w/c 27/6) and you can see an example of this letter.
If you’d like to discuss these changes in more detail please get in touch with your usual Standard Life contact, email sl_distribution@standardlife.com or phone 0345 607 0216. Call charges will vary.
Money invested is at risk.
The information on this site is for qualified financial advisers and must not be relied on by anyone else. If you are not an adviser please go to our customer website for more information about our products and services.