Clerical Medical adds funds to its stakeholder plan

Clerical Medical has added 10 external funds, six from Newton and four from UBS, to its group stakeh...

Clerical Medical has added 10 external funds, six from Newton and four from UBS, to its group stakeholder pension plan. These will now sit alongside the 20 Clerical Medical branded funds already on offer via the product. At the same time, the life office has revamped its charging system. Depending on the size of an individual scheme, the annual management charge could be as low as 0.4%. The highest annual fee for those choosing in-house funds will be 1% while choosing from the external range will increase the charge. The group has also made changes to its default lifestyling option to in...