Standard Life single charge plan

Standard Life is introducing a single annual charge to its range of pension products that will push them all below the 1% stakeholder requirement. The company's existing base of 750,000 pension policy holders will have their total charge cut to 0.825% or less and all customers for stakeholder, personal and group personal pensions will have a single annual charge expressed as a percentage of the fund. The move is designed to emulate the single charge structure that applies to stakeholder pensions from April 2001 and new clients will benefit from a charging structure that ranges from 0.7-1%...