Winterthur to act as EPP administrator

clock

Winterthur Life have announced they will not only be keeping open their Executive Pension Plan (EPP) after A-Day, they will also be acting as scheme administrator.

Unlike other insurers who have decided to either close their EPP offering, like Standard Life, or have chosen not to act as administrator for the scheme, as Scottish Equitable have done, Winterthur has decided to keep their proposition open because they believe an EPP still has advantages over a personal pension, such as immediate higher rate tax relief. Along with the EPP, Winterthur will also be keeping open their Self-Invested Executive Pension Plan (SI EPP), to allow members a degree of self-investment, which it says is a cheaper alternative to a Small Self Administered Scheme (SSAS) ...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Investment

Tyndall Partnerships head Sullivan on bespoke empowerment

Tyndall Partnerships head Sullivan on bespoke empowerment

‘No two IFAs invest in the same suite of models’

Isabel Baxter
clock 09 December 2024 • 4 min read
Smoothed funds set to be a 'bigger asset class for the advice market'

Smoothed funds set to be a 'bigger asset class for the advice market'

‘An attractive low-risk solution for retirees’

Isabel Baxter
clock 25 November 2024 • 3 min read
Advisers no longer see inflation as a major concern

Advisers no longer see inflation as a major concern

Funds offering a level of inflation protection were the last research, Square Mile finds

Isabel Baxter
clock 22 October 2024 • 4 min read