UK - Standard Life has announced changes to its pension product range, launching new single charge occupational pensions whilst converting a range of five existing pension products to single charge. Products that are to affected by the repricing, effective from February 2002, include occupational money purchase, group AVC, executive and small self-administered pensions.
Graham Storrie, assistant general manager of marketing at Standard Life said of the changes: “In the low cost environment in which we are now operating, it is important to ensure that we remain competitive whilst continuing to offer our customers excellent value for money.
“With these major developments, Standard Life is leading the way in giving both existing and new customers what we believe is the best value in the marketplace.”
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