Standard Life to pay commission on personal pension

The insurer, which re-entered the personal pension market with the launch of the active money plan today, is offering a range of commission options for advisers, despite the impending RDR ban. Details of the commission options available to advisers show an IFA can take a maximum initial commission of 25% of the client's first year of payments, plus level commission of 2.5% with fund-based renewal commission of 1%. Standard Life is also offering fee options for advisers who do not take commission, with the same 25% cap on upfront fees. Advisers will also be able to claim up to 5% co...