London & Colonial reduces fees across whole product range
06/06/2013 | Download PDF
Specialist pension and annuities provider London & Colonial has recently announced a reduction in the fees charged across their whole product range of SIPPs, QROPS, QNUPS, Pensions and Annuities.
Adam Wrench, Head of Product & Business Development said:
“These reductions are a direct result of the removal of all income payment charges, made possible by the savings associated with some recently implemented system enhancements, and the improved efficiencies to our processes that these have produced.
These cost reductions have translated into savings which we have decided to pass on to our client base, and with a typical saving of £30 per month, our innovative range of pension and annuity products now offers even better value for our advisers and their clients”.
The changes in fees will apply to all London & Colonial products taken out on or after 22nd April 2013.
Notes to Editors
About London & Colonial
London & Colonial specialises in self-invested products for both UK residents and persons resident overseas.
The London & Colonial Group includes
(1) London & Colonial Holdings Limited – UK parent company
(2) London & Colonial Services Limited which is regulated by the UK Financial Services Authority and operates SIPPs and SSASs
(3) London & Colonial Assurance PLC which is regulated by the Gibraltar Financial Services Commission (matching UK standards) and which offers Open Annuities, QROP Annuities and Open Offshore Bonds
(4) L&C (Administration Services 2) Limited and London & Colonial (Trustee Services) Limited which are both based in Gibraltar and offer the EU SIPP.