Aug 19 2008
People looking for ways to aid saving for retirement may be interested in changed to Standard Life's Self Invested Personal Pensions (Sipps) investment deal.
Sipps, described as "modern, flexible [and] innovative" by the company, enables customers to build up a pension by regularly investing or putting in occasional lump-sum amounts. Tax-free sums and income can then be withdrawn as an alternative to pension annuities, it explained.
Now, the package on offer includes access to more than 1,000 funds from its own and other investments, a Net Asset Value deal on funds and discounts on annual administration charges.
Furthermore, fund trading occurs online to make transactions faster and more accurate.
Dave Campbell, director of retirement solutions at the company, said: "This enhancement is great news for advisers who want to use a 'clean' mutual fund platform for Sipp investments."
In other news, 1st Property Investment has said the seafront housing market is experiencing a boom despite the credit crunch because older people are buying retirement homes on the coast.
