Scottish Life is to launch a range of individual pension products at the start of next month. ...
Scottish Life is to launch a range of individual pension products at the start of next month.
The life office, which specialises mainly in group business, will unveil the new contracts on 1 May. These will link to the four Escher manager of managers funds that can currently be accessed via Scottish Life's group pensions products.
Mark Polson, individual pensions marketing manager at Scottish Life, said the group has always been keen to broaden the Escher offering across other areas of its product range.
He added: 'The new range is huge news for us. Manager of managers will form a really key part of it. Anything that makes you stand out in the individual pensions market is good news.'
The four Escher funds are Global Equities 2% Outperformance, Global Equities 1% Outperformance, UK Equities 2% Outperformance and UK Equities 1% Outperformance.
The global equities funds invest 60% in the UK and 40% overseas. They seek to outperform the benchmark of 60% FTSE All Share/40% Sterling denominated World Index excluding UK by 2% and 1% respectively.
The UK equities funds seek to outperform the FTSE All-Share by 2% and 1% respectively.
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