Standard Life Sustainable Multi Asset Growth Funds: alert

engagedandopen

Hi everyone,

Mainly for those with Standard Life's active money personal pension, I've noticed that the current default fund is different from the new standard workplace default it has transferred many people into: it has 67% equity whereas the workplace version - and the version they link to on their website for everyone to refer to - has around 80%.

The lifestyle profile defaults for the workplace version of the growth fund are indeed listed on the fund guide for AMPP, but some of the target funds required by the 15 year profiles - e.g. for drawdown - are not on there.

Confusing: I am surprised Phoenix is allowed to label funds this similarly.  I don't think what they're doing to Standard Life with this sort of thing is good for customer outcomes - especially vulnerable ones.

engagedandopen

Apparently the 15-year glidepath lifestyle profiles 1ESG-4ESG aren't available, even though they are all listed on the fund guide, where the target funds are not listed on the fund checker - despite the prevalence of a 15 year glidepath from 80% equity with most other providers and even Standard Life's own workplace default.  This is, for me, another example of where standards are slipping with Phoenix, and it is a shame the default 'active money personal pension' glidepath starts at 67% or so equity and is only for 10 years.

HillsideRetired

why is this a problem , ?

dunstonh

This is, for me, another example of where standards are slipping with Phoenix, and it is a shame the default 'active money personal pension' glidepath starts at 67% or so equity and is only for 10 years.

I think you are reading too much into it.

The old Std Life Active money pension was a small scheme that was getting long in the tooth.  Standard Life, in its original form, had Wrap and Elevate as its primary distribution (which is why it held onto those and not Active Money).

Funds will always be spent first on the modern/current product and spent last (or not at all) on a legacy product.