Bank of Scotland Pensions

dunstonh

However I note there is no dividend yield mentioned in the insurer's details of the investment.

Is that the big difference?The insurers confiscate the dividend?

You know full well they don't.

Perhaps you could explain the exact difference between the version of a popular fund like Invesco Perpetual High Income (or any popular fund) available in a fund supermarket pension and the version available in an insurance company pension - and what impact this difference will have on the investor's returns.

Some are mirror funds, some may have a tracking error caused by delays and others may have a hidden level of charges. Pension funds are typically accumulation units. UT funds can have both. Take a peek at other insurance company versions and you will see wider differences appear.

Also, the AMC on the SL Inv Perp High Income fund is 1.72%. Compared to 1.50% in unit trust form.

Using pension fund versions over 1 year you have:

Zurich (ZP) 32.26%
Winterthur 32.25%
Scot Wid 31.96%
Cler Med 31.91%
Scot Wid (version 2) 31.80%
Std Life 31.63%
Friends Pr 31.27%
NM 30.57%
L&G 30.13%
Skandia 29.10%
Scot Mut 27.98%

In the same period, the unit trust version did 32.01%