Winterthur Life launches a GPP this week compatible with the Government's standards as an alternativ...
Winterthur Life launches a GPP this week compatible with the Government's standards as an alternative to stakeholder, writes Kira Nickerson.
The charges will vary depending on the underlying funds invested in, but for regular contributions there will be an 0.25% administration charge on top of the fund management fee. The GPP will also take single premium contributions.
The minimum number of lives allowed in the scheme will be 50 and the minimum annual premium is £50,000. Contracting out is allowed as well as transfers in and out of the scheme. There is a 1% charge on transfers into the scheme.
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