Standard Life to drop Epp after A-Day

Following the simplification of pension tax rules, Standard Life believes the role of an Epp, which was subject to occupational tax rules, will be limited, with traditional Epp customers more likely to opt for a self Invested personal pension (Sipp) or Group Sipp. Epps will only be closed to new customers after A-Day, with those already holding an Epp able to continue paying in contributions as normal. Standard Life says it has reviewed it pension range to identify which products are likely to be of most appeal to customers and advisers following A-Day. In the individual pensions range ...