TITLE

41% of Standard Life Sipp assets are in own funds

AUTHOR(S)
Pow, Helen
PUB. DATE
August 2009
SOURCE
Money Marketing;8/6/2009, p3
SOURCE TYPE
Periodical
DOC. TYPE
Article
ABSTRACT
The article reports on the rumors regarding Standard Life Assurance Co.'s 3.6 billion pounds worth of self-invested personal pension (Sipp) assets seated on its own insured funds in Edinburgh, Scotland. The company denies that its contracts are hybrid Sipps despite the 41 per cent of assets invested in its own funds and the other 3 per cent invested in external providers' insured funds. Andrew Tully, senior pensions technical manager, asserts that their insurance funds are high-performing.
ACCESSION #
44053359

 

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