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Standard Life Launches Active Money Personal Pension Online

LONDON Feb. 4, 2011 80 pounds Sterling

Available from 80 pounds a month* or a single payment of 800 pounds, AMPP has been designed to attract new customers who have to date not used pensions as a way of planning for the future.

Mark Till Active Money Personal Pension pension

"In user testing, simple steps like demonstrating the value of tax-relief,  ensuring customers select the right investment funds to meet their attitude to risk, and showing a pension can be flexible were very well received."

Standard Life found customers were daunted by the investment options available and in reply has made available the MyFolio** funds, which are a range of risk based portfolios which are monitored and rebalanced automatically.  MyFolio offers customers a simple choice of active and tracker based investment strategies across five risk levels; MyFolio Market Funds – a lower cost option investing mainly in tracker funds, Standard Life MyFolio Funds – an actively managed and competitively priced option that invests mainly in funds managed by Standard Life Investments and MyFolio Multi-Manager Funds – portfolios of carefully selected funds from some of the leading managers in the market.

The Standard Life MyFolio Funds are also available as a lifestyling profile which automatically moves the customer’s investments into less volatile funds as they approach retirement, reducing volatility and uncertainty.

Standard Life has also developed its online systems to include CustomerZone, where customers can check the current value of their pension, switch funds, change the amount being invested, make additional payments and also get updated projections to show how much they may get in the future.

AMPP retirement

Notes to Editors:

* Figures quoted are before basic-rate tax relief, currently 20%.  For basic-rate tax payers, Standard Life will claim the 20% tax-relief on the customer’s behalf. Higher-rate or additional rate taxpayers may qualify for extra tax relief.  If this is the case, the first 20% is claimed by Standard Life, and the customer claims the additional relief through their tax return.

** The MyFolio Funds are a family of carefully constructed risk-based portfolios, managed by Standard Life Investments.  A committee oversees the fund research process and includes independent experts from outside Standard Life group.

About Standard Life:

Edinburgh investment funds

PR Contact:

Paul Keeble

Senior Media Affairs Manager

Standard Life plc

Level 34

30 St Mary Axe

London

EC3A 8EP

44 (0)20 7872 4481

www.standardlife.com

SOURCE Standard Life

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