Personal Transfer Plan (Series 1,2 & 3)

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PENSION PRODUCTS

PERSONAL PENSIONS INCLUDING GROUP PERSONAL PENSIONS

Personal Transfer Plan (Series 1,2 & 3)

General

Contract Type	Personal Pension
Dates Sold	Series 1 : 1/1/95-21/1/96 Series 2 : 22/1/96-31/7/96 Series 3 : 1/8/96-10/6/01
Contracting-out Option	Yes
Selected Retirement Age	50-75 (55-75 from 2010) or earlier for approved occupations prior to 6 April 06 with Protected Early Retirement Ages. Tax Free Cash only available on retirement prior to 75th birthday
Investment Options	Unit linked
Guaranteed Annuity Option	No
Number of Arrangements	10,000

Contributions

Types of Contributions	Transfer Values only
Contribution Frequency	N/A
Minimum Contributions	£5,000
Minimum Increase	Any increase will be to Premier Transfer Plan.
Indexation	N/A
Contribution Holiday	N/A

Charges (current amounts only)

Establishment

Installation Charge	None
Increment Charge	None

Ongoing

Bid/Offer Spread	Offer price was 105% of the Bid price.
Allocation Rates	105%, but for transfers of £25,000-£99,999 - 106% and for transfers of £100,000 plus - 107%.
Fund Unit Types	Accumulation Units only
Member Charge	None
Annual Management Charge	1% p.a. - additional charge for the following Protected Funds:- UK Protected - 0.25% UK Protected Plus - 0.25% European Protected - 0.50% World Protected - 0.50% A Loyalty Bonus or fund related rebate applies from 15/12/96 if the total unit holding is worth £10,000 or more. The bonus rates are:- £10,000 to £24,999 = 0.25% payable monthly £25,000 plus = 0.50% p.a. payable monthly
Fund Switch Charge	None - unlimited free switches.

Discontinuance

Discontinuance Charge	A charge applies to all payments made within 2 years of the encashment date. This charge will apply even if the plan is not surrendered early.
Market Value Reduction	N/A - no With-Profits fund.

Contract Features