AIG Life has cut the annual management charge on its trustee investment plan for new and existing in...
AIG Life has cut the annual management charge on its trustee investment plan for new and existing investors by 0.5%. The annual management charge on the Trustee Guaranteed stock market bond is being reduced to 1% from 1.5%. The product is targeted at trustees of company pension schemes, SSASs and Sipps. The standard allocation rate on the product is 101% for investments between £10,000 and £49,999 and 101.5% for investments of between £50,000 and £99,999. For investments of £100,000 and up, the allocation rate is 102%. Extra allocation is offered to those putting money in before 6 July....
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