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Displaying items by tag: Standard Life

Thursday, 11 December 2014 11:33

Sipp investors in failed firm to get compensation

Compensation will start to come through to Standard Life Sipp investors in Catalyst, the failed ARM life settlement firm, after a tax issue was resolved.
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A tax problem means Standard Life Sipp investors in the suspended ARM life settlement fund face an even greater wait for their Catalyst compensation to be handed over.

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Scottish independence could make "a mockery" of annuities and cause significant adverse affects for pensioners, an advisory firm fears.

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Standard Life's annuity sales dropped by 50% following George Osborne's bombshell announcement on the future of pensions in the Budget.
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Thursday, 16 January 2014 11:45

Drawdown assets at Standard Life reach £10bn

Customers with drawdown pensions at Standard Life have amassed £10bn in assets under administration, suggesting the schemes are becoming a serious alternative to annuities.
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Standard Life, which provides a range of pension products including Sipps, says that the new drawdown yield announced this week is good news for drawdown users but there is room for improvement.
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Standard Life saw Sipp customers increase by 15 per cent in the first-half of 2013.
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The amount of money being saved into defined contribution (DC) pension schemes has increased, according to the Office for National Statistics.
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A survey of 1,000 financial advisers has found that Sipps provided by specialist providers are, on average, more popular than Sipps provided by life and pension companies.
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