Standard Life closing four products to new investors

Standard Life is closing four products to new investment, citing lack of investor demand and unwarranted costs of preparing them for the ABI's Raising Standards accreditation. The firm ceased providing quotes on its Capital and Income Plan, a combined unitised endowment plan and annuity product, and its Duet product, a combined capital investment bond and annuity product, on 16 May. The Conventional Endowment Savings plan has also been closed and all three vehicles will no longer accept new business after 17 June, once pipeline applications have been processed. Top-ups from existing inv...