Standard Life signs BT corporate SIPP deal

BT says it has chosen to move to a corporate SIPP to deliver a long-term and sustainable pension arrangement for all existing DC scheme members. Standard Life says the BT SIPP will likely be the largest written to date and will provide generous employer contributions. The scheme is expected to launch in April 2009, with the first members transitioning from existing pension arrangements. Members will only pay for the SIPP functionality they use, will be able to access lifestyling and a range of 156 insured funds and will be able to incorporate BT share plans. Andrew Dickinson, se...