Scottish Equitable believes the Government's aim to encourage flexibility in retirement after A-day will lead to an influx in the self-investment market.
The Pensions provider has relaunched its income drawdown plan, which enables access to the firm’s Fund Supermarket which has in excess of 800 funds from 40 fund managers, along with a self investment facility. Scottish Equitable says it has plans to add 15 sector funds towards the end of Q2 2005. The new ‘Flexible Retirement Sipp’ has been re-designed so as to meet up with a depolarised advice market and has a simple menu based charging and commission structure, with the client being able to select how charges are paid. The product has a base charge of 0.5% annual management charge ...
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