Scottish Widows has announced its post-Retail Distribution Review (RDR) charging model and the enhancement of its e-commerce channel.
The firm said new business can now be applied for on an RDR charging basis for both corporate pensions and the firm's' individual pension product, Retirement Account. It added a range of practical approaches have been developed to allow both advised and non-advised top-ups to existing plans across individual pensions and investments products after the legislation change. Adviser charging functionality will also be available on the majority of the group's annuity products. Additionally, a fully compliant factory gate priced investment bond has been designed. Meanwhile, the group ha...
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