Friends Prov unveils individual pensions range

The Personal Range provides access to over 50 funds through 17 fund management groups and also enables a reduction of annual management charges as the fund value increases. Martin Palmer, manager of pensions marketing at Friends Provident says the new individual pensions work in a similar way as the banks, by offering lower charges to individuals as the fund grows and as people put more money into the fund. He says: “The idea is a way of rewarding loyalty for people investing larger sums of money into the fund.” Management charges would reduce at various threshold levels including, ...