Scottish Life unveils GPP

Scottish Life has launched a group personal pension (GPP) featuring a range of commissions and fund-based charging structures. The product, branded Talisman, is designed to have transparent charges for clients. It features no exit charges, no policy or member charges, it has high allocations and penalty-free terms for reducing or stopping contributions at any time. The group said that unlike stakeholder pensions, the GPP will not be a "stripped-down" product and will feature the full range of Scottish Life's benefit and investment options, including access to a range of select funds manag...