New Synergy ARF terms - AMCs now starting at 0.35%
At Standard Life, retirement is our specialism. We work with you, our advisers to help customers to and through their retirement journey, towards their goal of living a fulfilling second life.
Our retirement income proposition is on a journey of continuing improvement. Building on the enhancements made to our Vested PRSA and Annuity last year, we are now excited to also announce improvements to the Synergy ARF.
We recognise that the way in which you work with your clients continues to evolve and that different clients require different support models. It’s with this in mind that we have developed our new and simplified Synergy ARF pricing. Designed to support both the needs of customers and also your business.
Our new Synergy ARF terms ARF1- ARF6 will replace our existing A-H terms.
New ARF policies from 15th April 2025
For customers aged 75 or younger
| Structure | ARF1 | ARF2 | ARF3 | ARF4 | ARF5 | ARF6 |
|---|---|---|---|---|---|---|
| Gross allocation rate (%) | 104 | 103 | 102 | 101 | 100 | 100 |
| Annual management charge rebate (%) | 0 | 0.25 | 0.35 | 0.45 | 0.55 | 0.45 |
| Early encashment charge (% reducing over 5 years) |
5,4,3,2,1 | 4,4,3,2,1 | 3,3,3,2,1 | 2,2,2,1,1 | 1,1,1,1,1 | 0 |
To further support customers with access to their retirement funds if their income needs change, customers with structures ARF2 to ARF6 can take ad-hoc withdrawals without EECs applying. This also extends to existing customers with pricing structure C, D, E, F, G and H.
For full details of the new Synergy ARF terms, including top-up terms for existing ARF customers see Guide to Product.
Why Standard Life for your clients' retirement income needs?
The new Synergy ARF terms are the latest improvements to our retirement income proposition and complement the suite of the enhancements we’ve made to the proposition recently including:
- Improvements to our individual annuity product, including increased commission, extended rate guarantee and a new quotation tool.
- The introduction of vesting commission on our Synergy PRSA product, recognising the value of your advice regardless of product choice.
- Increasing our support in helping customers to prepare for their second life through our Women and Pensions podcasts and our partnership with life and Leadership with Bobby Kerr.
- Providing you with more support around investment choices for your clients.
A Standard Life retirement is having the certainty of a guaranteed income, the growth potential of ongoing investing, and the fulfilling Second Life your clients deserve.
Next steps
The Synergy ARF application form have been updated to reflect the new terms. Any previous versions of the application forms you have saved should now be deleted and replaced with the current versions below.
Talk to your business manager today to discuss your Synergy ARF cases that are in pipeline or for more information on the new Synergy ARF terms.