Standard Life updates service capability for advisers

The firm introduced a number of price reductions on its flagship AMPP and SIPP personal pensions resulting in reduced costs, with most customers set to benefit from a 0.5% discount. The discounts apply immediately and will benefit new and existing customers holding insured funds in AMPP and SIPP plans, and with pots of between £25,000 and £500,000, according to the company. "A typical SIPP client invested in the Standard Life sustainable focus 3 pension fund, with a plan value of £100,000 will see their effective charge reduce by £200 per annum." These personal pension propositions ha...