London: +44 (0)20 7236 2601
St Albans: +44 (0)1727 869141
Rickmansworth: +44 (0) 1923 771010
Milton Keynes: +44 (0)1908 605552

AXA launch the Family SunTrust

Its not very often I get excited about a product but AXA have recently launched the Family SunTrust (getting excited about pensions may mean I need to get out more). The Pensions simplification reforms have allowed AXA to develop a product that takes advantage of the greater flexibility allowed under the new rules. 

The Family Suntrust is all about giving you more flexibility in retirement planning. It allows groups such as families or business partners to set up their own self invested personal pension scheme.  You can invest together and decide on a common approach, which means it might be easier to make 'bulky' investments, such as commercial property. It can also provide economies of scale as you only have one set of fees and potentially together it may be possible to negotiate services eg discretionary management on competitive terms.

Allocation of growth can be varied in selected circumstances, which is another attractive feature. The plan also offers flexible retirement options, especially post 75 including potentially higher pension income and ability to guarantee payments for ten years, potentially minimising tax liabilities on death.

Likely to benefit clients such as families, business partners and the self employed and groups of like minded individuals.

Anne McClean is a senior Financial Advisor at Nightingale Associates. The views given in this blog are personal to the author.

M&H LLP trading as Nightingale Associates is authorised and regulated by the Financial Services Authority.

 

 

Date: 16th October, 2009
Author: Anne McClean

SHARE THIS

Articles from this Author

21st December, 2016
Too good to be true – generally yes

19th March, 2015
Annuity unlocking

3rd April, 2014
School Fees

5th December, 2012
Pension allowances cut but not yet

Contact Business Service Partners

Choose from the drop down menu below to select a Partner to contact.

Tweet

“Good luck to everyone who has also made it as a finalist, I look forward to awards evening later on in the year”-L… twitter.com/i/web/status/8…

Michael Lapham shortlisted in the Money Management Financial Planner Awards 2017 bit.ly/2fL8VXBtwitter.com/i/web/status/8…

Follow

LinkedIn

For the latest Mercer & Hole news, visit our LinkedIn page mercer-&-hole

Click here to follow us on LinkedIn