Standard Life Sterling Fund

MikeJones_2

Reported in the media yesterday, with relevance to the original post:

- Standard Life invites compensation requests from Sterling customers (Citywire)

Mike

MikeJones_2

Reported today in the media:

- FSA fines Standard Life £2.45m over pension sterling fund (Money Marketing)


Mike


I work in the field of Pension Education and Pension Guidance in the UK. I am a member of the Specialist Pensions Forum as well as being a Voluntary Adviser for The Pensions Advisory Service. I work with scheme members, employers, trustees, scheme administrators and advisers on most things to do with employer sponsored pension schemes. The views expressed by me in this thread are my personal opinions. You should seek professional advice from an appropriately experienced and qualified adviser. I am not an IFA.

dunstonh

A fine was expected but I didnt expect it to be that high.

I guess the FSA have to cover the overspend on hotels by their employees.

MikeJones_2

dunstonh wrote: »

I guess the FSA have to cover the overspend on hotels by their employees.

Hi dunstonh, I saw that too:

http://www.moneymarketing.co.uk/regulation/senior-fsa-staff-broke-guidelines-on-hotel-costs/1005199.article

Mike

sabretoothtigger

The 100m lost was punishment enough I suspect

Is this fund safe to use now, it seems to not really appreciate much but at least is stable.

The main problem I have with SL fund literature is it doesnt seem to show initial fees that may apply when switching funds?

shaunrc

Hi Mike and Dunstonh

Thank you for the link you put on this site which refers to the FSA's hotel overspend. Apart from making me smile I have put it on my economics blog
http://notayesmanseconomics.wordpress.com. So thanks for bringing it to my attention.