pension transfer report - selectapension · analysis report introduction the purpose of this...

Pension Transfer ReportMoney Purchase Arrangements

Client Name: Rachel JonesClient Ref: RP000912Adviser Name: Rachel JonesReport Print Date: 30/06/2014

This report has been based on the following information. Please make it known if any part of thisinformation is incorrect as it may affect the results of the analysis.

Personal Information

Ref RP000912Title MrsForename RachelMiddle InitialsSurname JonesSex FemaleDate of Birth 28/07/1968Employment Status EmployedMarital Status MarriedPartner's Date of Birth 14/04/1966Partner's Forename RupertPartner's Surname JonesPartner's Sex MaleHealth Status NormalDependents NoDependent NotesAttitude To Risk Medium RiskLifetime Limit None

Client Name: Rachel Jones Adviser Name: Rachel Jones Case Reference: 549650

Analysis Report

Introduction

The purpose of this analysis is to provide information, which will assist you to make an informed decision, onwhether or not, to transfer all or some of your pension funds to an alternative Pension arrangement.

This analysis does not, on its own, show whether or not transferring your funds is advisable, as that also depends onmany other factors, such as your “attitude to risk” and your personal circumstances and objectives. It does,however, give an indication of the likelihood of being able to match or exceed the fund provided by the Existing planswith a transfer to an alternative plan based on a charges comparison.

Projections have been provided to indicate the possible fund value at retirement based on assumed growth rates,this is compared with the projected fund if invested in:

• Scottish Life Pension Portfolio

The analysis will show the results of this comparison as:

This analysis needs to be read in conjunction with the illustrations provided by the recommended provider and anyrecommendations made by your adviser.

The analysis has been based on your personal information and the details supplied by your existing plan providers.

1. The estimated fund value at retirement from the providers.2. The estimated annual investment return needed, from the Proposed Plan, to provide a fund at retirement age

of 65 equal to that of your Existing arrangements.3. The estimated percentage difference between the proposed alternative Pension policy and your Existing

arrangements at retirement.4. The immediate effect on your fund as a result of the transfer.5. The fund values that may be paid as a death benefit immediately following transfer.

Personal Pension Policies

These policies operate on the “Money Purchase” basis (also known as “Defined Contribution”) & provide a fund ofmoney, at retirement, which is then used to purchase a pension and normally a Pension Commencement LumpSum. The amount of the fund at retirement is dependent upon the level of contributions paid, the investmentreturn on the contributions once invested, and the charges under the policy.

At retirement the fund is normally used to provide a pension by purchasing an annuity in the open market. Theamount of pension provided is therefore dependent upon the annuity rates then available in the market.


Notes & AssumptionsThe illustrations take into account the current charging structure of the Scottish Life Pension Portfolio and yourexisting arrangements.

The fund available at retirement will depend upon the actual growth, in your selected plan and the funds. The figuresare not guaranteed.

All firms use the same rates to illustrate how funds may be converted into a pension but their charges vary. Themaximum that growth rates can be illustrated at is set by the Financial Conduct Authority (FCA), some providershowever choose to show lower rates. This comparison is on a like for like basis.

The actual transfer value received may be higher or lower than that shown due to investment fluctuations betweenthe calculation date of this analysis & completion of the transfer.

You should be aware the investment choice available with Scottish Life may differ from your current providers. Thiscould impact on the future performance of your fund.

The figures illustrated for the plan considered assume that investment will be with the provider’s standard defaultfund & charges unless otherwise specified.

When regular premiums are indexed by RPI it is assumed to be 0.5%, 2.5% and 4.5% at the low, medium and highgrowth rates respectively; when indexed by AWE it is assumed to be 2%, 4% and 6% at the low, medium and highgrowth rates respectively.

For inflation adjusted illustrations, inflation is assumed to be 2.5% per annum.


ABC Pensions Ltd ABC Personal Pension

Type of Pension Personal PensionProvider Name ABC Pensions LtdProduct Name ABC Personal PensionValuation Date 28/01/2014Term of Pension Proposed Age 65Fund Value at valuation date £86,359.24Transfer Value at valuation date £86,359.24

ContributionsFrequency MonthlyIndexation 0%Amount £286.00

ProjectionsGrowth rates 4.8% 6.8% 8.8%Paid Up at age 65 £157,000.00 £227,000.00 £327,000.00Values includingContributions at age 65

£249,000.00 £341,000.00 £467,000.00

Existing scheme fundsFund Name Ratio (%)ABC Managed Fund 100%


123 Investment Services One Pension Plan

Type of Pension Personal PensionProvider Name 123 Investment ServicesProduct Name One Pension PlanValuation Date 04/02/2014Term of Pension Proposed Age 65Fund Value at valuation date £26,548.00Transfer Value at valuation date £26,548.00

ProjectionsGrowth rates 4.7% 6.7% 8.7%Paid Up at age 65 £52,600.00 £76,800.00 £111,000.00

Existing scheme fundsFund Name Ratio (%)123 With Profits Fund 100%


Accumulative Comparison

Projected Fund resulting from transfer value and future contributions at proposed age of 65

Assumed Growth Rates (Average)4.78% 6.78% 8.78%

Existing Plans £301,600 £417,800 £578,000Scottish Life Pension Portfolio £326,190 £450,790 £623,736Rate of Return Required from Scottish Life 4.3% (-0.48%) 6.31% (-0.47%) 8.31% (-0.47%)The effect this will have on the fund if moved toScottish Life

+8.15% +7.9% +7.91%

Reduction in Yield if moved to Scottish Life 1.09% 1.12% 1.14%

Where the total projected fund value from the receiving scheme is £100,000 or more, that figure will berounded down to the nearest thousand. Please see the notes page.

Medium rate growth results comparison


ABC Pensions Ltd ABC Personal Pension

The figures below take into account your ABC Pensions Ltd ABC Personal Pension transfer value of£86,359.24 and your regular contributions of £286.00 per month assuming no increases

Projected Fund resulting from transfer value and future contributions at proposed age of 65

Assumed Growth Rates4.8% 6.8% 8.8%

Existing Plan - ABC Pensions Ltd ABC PersonalPension

£249,000 £341,000 £467,000

Scottish Life Pension Portfolio £273,186 £374,191 £513,809Rate of Return Required from Scottish Life 4.21% (-0.59%) 6.21% (-0.59%) 8.2% (-0.6%)The effect this will have on the fund if moved toScottish Life

+9.71% +9.73% +10.02%


These figures assume that you transfer your existing fund and pay the same level of future contributions intothe Scottish Life Pension Portfolio.


Redirection of contributions, Paid-up fund remains with current provider at proposed age of 65


Existing Plan - ABC Pensions Ltd ABC PersonalPension

£157,000 £227,000 £327,000

Scottish Life Pension Portfolio £97,555 £120,304 £149,223Total of existing plan Paid-up and Redirection ofContributions Values

£254,000 £347,000 £476,000

Rate of Return Required from Scottish Life 4.24% (-0.56%) 6.3% (-0.5%) 8.23% (-0.57%)The effect this will have on the fund if moved toScottish Life

+2.23% +1.85% +1.98%

These figures assume that you transfer your existing fund and pay the same level of future contributions intothe Scottish Life Pension Portfolio.



Fund Value ComparisonOn the day of transfer, the value of the funds in your existing arrangements and the proposed replacementplan are as follows:ABC Pensions Ltd ABC Personal Pension £86,359.24Scottish Life - Pension Portfolio £83,768.46The day one effect of transfer -£2,590

Death Benefit ComparisonOn the day of transfer, the capital value of the death benefits under your existing arrangements and theproposed replacement plan are as follows:

ABC Pensions Ltd ABC Personal Pension £86,359.24Scottish Life - Pension Portfolio £83,768.46


123 Investment Services One Pension Plan

The figures below take into account your 123 Investment Services One Pension Plan transfer value of£26,548.00.

Projected Fund (Paid Up) at proposed age of 65


Existing Plan - 123 Investment Services OnePension Plan

£52,600 £76,800 £111,000

Scottish Life Pension Portfolio £50,605 £73,146 £105,008Rate of Return Required from Scottish Life 4.9% (+0.2%) 6.96% (+0.26%) 9% (+0.3%)The effect this will have on the fund if moved toScottish Life

-3.79% -4.76% -5.4%



Fund Value ComparisonOn the day of transfer, the value of the funds in your existing arrangements and the proposed replacementplan are as follows:123 Investment Services One Pension Plan £26,548.00Scottish Life - Pension Portfolio £25,751.56The day one effect of transfer -£796


123 Investment Services One Pension Plan £26,548.00Scottish Life - Pension Portfolio £25,751.56


Proposed Pension PlanStandard Charges

Scottish Life Pension PortfolioAnnual Charge 0.45% paLarge Fund Discount; £0-£30,000 0.1%, £30,000-£60,100 0.5%, £60,100-£180,000 0.55%, £180,000-£601,000 0.6%, £601,000+ 0.65%

The value of these standard plan charges may vary depending on the size of the fund or investment, and arebased on an assumed investment fund and the level of remuneration (if any) which will normally be taken. Ifother funds or level of remuneration are selected the results of the analysis would be different.

Plans outside the portfolio have been matched by sectors used on the portfolio.

Funds have been selected for the various sectors based on lowest annual charge then value of funds undermanagement.

Fund Name Split % Initial % Ongoing % *Global Equities (12.5%)Scottish Life Global Managed Pen 100 0 1UK Index-Linked Gilts (65%)Scottish Life Index Linked Pen 100 0 1Sterling Corporate Bond (11.5%)Scottish Life Medium Corporate Bond Pen 100 0 1Sterling High Yield (8%)Scottish Life Sterling Extr Yield Bd Pen 100 0 1UK Direct Property (3%)Scottish Life Property Pen 100 0 1Weighted Average 0 1Default Fund 0 1Adjustment to charges 0 0

* This is the total charge inclusive of annual management charges, additional expenses and negotiateddiscounts where applicable.


Investment Performance ReportScottish Life Pension Portfolio

Standardised Performance: 1 year to the end of MayFund Name 2010 2011 2012 2013 2014ABC Managed Fund ** Performance Data not available123 With Profits Fund ** Performance Data not availableScottish Life Global Managed Pen 23.95 14.56 -7.99 28.17 7.67Scottish Life Index Linked Pen 7.50 9.16 15.52 5.59 -0.82Scottish Life Medium Corporate Bond Pen 25.42 8.63 9.02 15.13 3.32Scottish Life Sterling Extr Yield Bd Pen n/a 19.52 1.17 24.25 10.53Scottish Life Property Pen 17.46 5.97 5.27 3.26 13.65Weighted Average for the Proposed Plan n/a 10.51 10.38 10.93 2.06

Past 12 Months Growth Performance InformationFund Name Jun

'13Jul'13

Aug'13

Sep'13

Oct'13

Nov'13

Dec'13

Jan'14

Feb'14

Mar'14

Apr'14

May'14

ABC Managed Fund ** Performance Data not available123 With Profits Fund**

Performance Data not available

Scottish Life GlobalManaged Pen

-3.83 5.67 -2.55 0.51 4.81 -0.39 1.29 -3.16 4.55 -1.23 0.33 1.96

Scottish Life IndexLinked Pen

-4.58 -0.06 -0.31 0.24 2.06 -1.17 -1.84 1.85 -0.01 0.96 1.18 1.05

Scottish Life MediumCorporate Bond Pen

-4.85 2.13 -0.82 1.02 2.78 -1.47 -1.18 2.90 0.43 -0.31 1.10 1.82

Scottish Life SterlingExtr Yield Bd Pen

-3.00 1.85 -0.20 1.22 2.07 0.52 0.59 2.01 1.14 1.07 1.24 1.65

Scottish Life PropertyPen

0.69 0.67 0.68 0.88 0.62 1.86 1.59 0.67 1.20 1.15 1.83 1.04

Weighted Average forthe Proposed Plan

-4.23 1.08 -0.61 0.46 2.44 -0.88 -1.08 1.32 0.74 0.55 1.09 1.30

** Existing Scheme Fund

Please note that past performance cannot be a guide to the future and investment returns cannot beguaranteed.

Information produced by Selectapension Ltd in conjunction with data supplied by Morningstar and otherexternal sources.


Early Transfer AnalysisThis table shows the estimated transfer value away from the proposed pension product, Scottish Life -Pension Portfolio, at yearly intervals across the required term.

The colour of each cell provides a quartile indication of how it compares to the other analysed products:

(1) 1st Quartile (Best) (2) 2nd Quartile (3) 3rd Quartile (4) 4th Quartile(Worst)

Year Low Med High1 £117,087 (2) £119,249 (2) £121,409 (2)2 £125,023 (2) £129,665 (2) £134,392 (2)3 £133,260 (2) £140,684 (2) £148,381 (2)4 £141,810 (2) £152,338 (2) £163,456 (2)5 £150,685 (2) £164,666 (2) £179,700 (2)6 £159,897 (1) £177,706 (1) £197,203 (1)7 £169,459 (1) £191,499 (1) £216,064 (1)8 £179,384 (1) £206,089 (1) £236,387 (1)9 £189,709 (1) £221,540 (1) £258,309 (1)

10 £200,503 (1) £237,964 (1) £282,002 (1)11 £211,711 (1) £255,365 (1) £307,593 (1)12 £223,351 (1) £273,779 (1) £335,182 (1)13 £235,439 (1) £293,267 (1) £364,925 (1)14 £247,993 (1) £313,891 (1) £396,992 (1)15 £261,029 (1) £335,718 (1) £431,562 (1)16 £274,568 (1) £358,816 (1) £468,832 (1)17 £288,627 (1) £383,261 (1) £509,013 (1)18 £303,228 (1) £409,131 (1) £552,332 (1)19 £318,391 (1) £436,508 (1) £599,034 (1)


Report as of 30 Jun 2014

Scottish Life Global Managed Pension Fund

Morningstar® Category Index Fund Benchmark Morningstar Rating™

MSCI World Growth NR USDUsed throughout report

45% FTSE World Ex UK TR GBP, 55% FTSE AllSh TR GBP -

Investment Objective

The fund is designed to outperform its benchmark. Thefund invests in units of other unit-linked funds.The assetallocation process is a disciplined and regular reviewof all the factors likely to influence markets. A full andformal review of forecasts and policy takes placequarterly, and the weekly review provides a forum inwhich to monitor strategy.

10.0K

12.5

15.0

17.5

20.0Growth Of 10000

(GBP)

Fund

Index

Category

2009 2010 2011 2012 2013 05/14 Performance

25.63 14.43 -7.75 10.14 23.17 2.29 Fund6.98 -3.67 -2.96 -0.88 -1.20 0.02 +/- Index4.29 0.79 2.23 0.33 2.21 1.50 +/- Category

- - - - - - Percentile Rank

Standardised Performance1 Yr to 1 Yr to 1 Yr to 1 Yr to 1 Yr to

31 Mar 10 31 Mar 11 31 Mar 12 31 Mar 13 31 Mar 1449.51 6.89 -0.70 15.28 9.13

12 Months Total Return (bid to bid). Source: Morningstar, net incomereinvested. This table complies with the FSA's regulations to comparedifferent products from different providers.

Trailing Returns

(27 Jun 2014)

Return % +/-Idx +/-Cat

3 Months6 Months1 Year3 Years Annualised5 Years Annualised

1.761.40

11.739.07

12.92

-1.43-0.941.14

-1.79-1.73

-0.470.542.771.551.18

Quarterly Returns 1st qtr 2nd qtr 3rd qtr 4th qtr

2014 0.00 - - -2013 12.87 -0.29 3.50 5.752012 7.84 -4.44 4.99 1.812011 0.17 0.57 -14.44 7.022010 7.24 -10.71 9.77 8.87

Portfolio 28 Feb 2014

Risk Profile

Asset Allocation % Port.

UK/Euro Equity 61.72NA Equity 23.32Other Equity 10.99Bonds 0.01Cash 3.27Property 0.00Other 0.69

Morningstar Equity Style Box™ % Equity

StyleValue Blend Growth

Small

Mid

LargeSize Giant 48.07

Large 26.19Medium 21.17Small 4.13Micro 0.43 Avg Mkt Cap 17479 GBP

Risk Measures

3-Yr Alpha -2.223-Yr Beta 1.10R-Squared 89.97Information Ratio -0.30Tracking Error 5.38

3-Yr Sharpe Ratio 0.643-Yr Std Dev 12.773-Yr Risk -5-Yr Risk -10-Yr Risk -

Calculations use MSCI World Growth NR USD (where applicable)

Top 10 Holdings Sector % Port.

Slul Pensions Uk Equity - 52.60Slul Pensions American - 23.77Slul Pensions Pacific Ia - 10.25Slul Pensions European - 8.20Royal London UK Opportunities - 2.62 Slul Pensions Uk Mid Cap - 1.23 Total Stock Holdings 0Total Bond Holdings 0Assets in Top 10 Holdings % 98.67

Sector Weightings % Equity

h Cyclical 42.31

r Basic Materials 7.51t Consumer Cyclical 13.81y Financial Services 18.07u Real Estate 2.93 j Sensitive 35.54

i Communication Services 4.99o Energy 10.97p Industrials 12.18a Technology 7.40 k Defensive 22.15

s Consumer Defensive 9.72d Healthcare 9.66f Utilities 2.77

World Regions % Equity

Americas 24.66

United States 24.56Canada 0.05Latin America 0.05

Greater Europe 65.11

United Kingdom 55.40Eurozone 6.52Europe - ex Euro 3.09Europe - Emerging 0.05Middle East / Africa 0.04

Greater Asia 10.23

Japan 5.24Australasia 1.75Asia - Developed 2.70Asia - Emerging 0.54

Operations

Insurance Company Scottish LifePhone -Website -Inception Date 29 Feb 1984Fund Manager RobertTalbutManager Start Date 1 Jan 2009NAV (27 Jun 2014) 870.70 British Pence

Domicile United KingdomCurrency Pound SterlingABI Sector Unclassified (Pen)

ISIN GB0007832826Minimum Additional Purchase -

© 2014 Morningstar. All Rights Reserved. The information, data, analyses and opinions (“Information”) contained herein: (1) include the proprietary information of Morningstar and Morningstar’s third party licensors; (2)may not be copied or redistributed except as specifically authorised;(3) do not constitute investment advice;(4) are provided solely for informational purposes; (5) are not warranted to be complete, accurate or timely; and(6) may be drawn from fund data published on various dates. Morningstar is not responsible for any trading decisions, damages or other losses related to the Information or its use. Please verify all of the Information beforeusing it and don’t make any investment decision except upon the advice of a professional financial adviser. Past performance is no guarantee of future results. The value and income derived from investments may go downas well as up.

ß®


Scottish Life Index Linked Pension Fund


Citigroup UK GBI GBPUsed throughout report

FTSE Gilts All Stocks TR GBP QQ


The fund is designed to outperform its benchmark. Thefund invests in a range of bonds where the repaymentvalue and interest rate are protected against inflation,these are known as index linked bonds. A bond is a loanmade to a company or government agency for a definedperiod of time at a specific interest rate.

10.0K

11.0

12.0

13.0

14.0

15.0Growth Of 10000

(GBP)

Fund

Index

Category

2009 2010 2011 2012 2013 05/14 Performance

5.34 7.84 19.63 0.55 -1.28 5.13 Fund6.15 0.58 2.73 -2.17 2.81 1.06 +/- Index6.45 1.00 3.90 -1.94 3.39 1.24 +/- Category



31 Mar 10 31 Mar 11 31 Mar 12 31 Mar 13 31 Mar 148.56 6.67 16.62 8.59 -4.19


Trailing Returns

(27 Jun 2014)



1.885.393.965.847.08

0.771.031.260.801.72

0.421.261.110.991.82


2014 2.82 - - -2013 5.95 -5.76 -0.13 -1.002012 -1.89 0.45 -2.25 4.392011 0.64 3.85 5.69 8.302010 1.75 1.47 4.19 0.25

Portfolio -

Asset Allocation % Port. Morningstar Fixed Income Style Box™

Interest Rate SensitivityLtd Mod Ext

LowM

edHighCredit Q

uality

Effective Duration(Y)

-

Effective Maturity(Y)

-

Avg Credit Quality -

Credit Quality

Top 10 Holdings % Port. Maturity Range %

1 to 3 0.003 to 5 0.005 to 7 0.007 to 10 0.0010 to 15 0.0015 to 20 0.0020 to 30 0.00Over 30 0.00

Coupon Range %

0 PIK 0.000 to 4 0.004 to 6 0.006 to 8 0.008 to 10 0.0010 to 12 0.00Over 12 0.00

Operations

Insurance Company Scottish LifePhone -Website -Inception Date 29 Feb 1984Fund Manager PaulRaynerManager Start Date 1 Jan 2009NAV (27 Jun 2014) 737.60 British Pence

Domicile United KingdomCurrency Pound SterlingABI Sector UK Index-Linked Gilts (Pen)



ß®


Scottish Life Medium Corporate Bond Pension Fund


Barclays Sterling Aggregate Corporate TRUsed throughout report

IBOXX GBP NonGilts 5-7 Yr TR QQQQ


The aims fund aims to maximise returns over benchmarkfor investors with a ten year time horizon. The fundinvests in medium dated, high quality fixed interestinvestments from companies around the world. Thetime aspect allows investors to build a pension specificto their attitude to risk and their length of time toretirement.

10.0K11.012.013.014.015.016.017.0

Growth Of 10000

(GBP)

Fund

Index

Category

2009 2010 2011 2012 2013 05/14 Performance

11.48 12.10 9.91 14.88 1.21 6.05 Fund-3.21 3.25 3.39 -0.66 -0.42 1.03 +/- Index-4.12 3.37 4.66 0.40 -0.47 1.23 +/- Category



31 Mar 10 31 Mar 11 31 Mar 12 31 Mar 13 31 Mar 1428.35 7.14 9.99 15.36 2.12


Trailing Returns

(27 Jun 2014)



2.816.319.149.18

11.30

0.691.011.391.221.34

0.521.261.181.811.52


2014 3.03 - - -2013 2.11 -3.19 2.32 0.062012 1.69 3.10 6.64 2.752011 1.61 1.74 1.95 4.282010 6.32 2.63 6.87 -3.87

Portfolio 31 May 2014



Morningstar Fixed Income Style Box™


LowM

edHighCredit Q

uality

Effective Duration(Y)

-

Effective Maturity(Y)

-

Avg Credit Quality -

Credit Quality

Top 10 Holdings % Port.

Nie Fin 6.375%2026-06-02 1.04Lloyds Bk 6%2029-02-08 0.95Fin For Res Social FRN2058-10-04 0.94Equity Release No1 5.7%2031-02-26 0.94Ge Cap Uk Fd 8%2039-01-14 0.93 Tesco Ppty 5 5.6611%2041-10-13 0.92Clydesdale Bk 4.625%2026-06-08 0.87Land Sec.Cap.Mkts. 4.875%2025-09-29 0.83Cmnwlth Bk Of Aust 3%2026-09-04 0.82Upp Bond Issuer Pl 4.9023%2040-02-28 0.80 Total Stock Holdings 1Total Bond Holdings 251Assets in Top 10 Holdings % 9.04

Maturity Range %

1 to 3 0.403 to 5 1.065 to 7 3.367 to 10 12.1910 to 15 24.0715 to 20 13.6120 to 30 35.61Over 30 9.71

Coupon Range %

0 PIK 0.000 to 4 3.774 to 6 61.026 to 8 28.368 to 10 5.2410 to 12 1.19Over 12 0.42

Operations

Insurance Company Scottish LifePhone -Website -Inception Date 22 Sep 2004Fund Manager JonathanPlattManager Start Date 1 Jan 2009NAV (27 Jun 2014) 168.40 British Pence

Domicile United KingdomCurrency Pound SterlingABI Sector Sterling Corporate Bond (Pen)

ISIN GB00B02LC601Minimum Additional Purchase -


ß®


Scottish Life Sterling Extr Yield Bd Pen


-

- QQQQQ


-

10.0K11.012.013.014.015.016.017.018.0

Growth Of 10000

(GBP)

Fund

Index

Category

2009 2010 2011 2012 2013 05/14 Performance

- - 4.32 22.03 11.62 7.31 Fund- - - - - - +/- Index- - - - - - +/- Category- - - - - - Percentile Rank


31 Mar 10 31 Mar 11 31 Mar 12 31 Mar 13 31 Mar 14- - 4.58 21.26 9.96


Trailing Returns

(27 Jun 2014)



2.977.57

14.4611.44

-

-----

-----


2014 4.27 - - -2013 5.85 -0.68 2.88 3.202012 6.52 0.74 6.49 6.782011 6.25 3.37 -5.69 0.712010 - - 7.21 1.68

Portfolio 31 May 2014

Risk Profile



Morningstar Style Box™

Equity Style Fixed Income Style


Small

Mid

LargeSize


LowM

edHighCredit Q

uality

Risk Measures

3-Yr Alpha 4.593-Yr Beta 0.48R-Squared 76.25Information Ratio -0.30Tracking Error 5.48

3-Yr Sharpe Ratio 2.023-Yr Std Dev 5.223-Yr Risk Low5-Yr Risk -10-Yr Risk -


Royal London Sterl Extra Yld... - 100.44 Total Stock Holdings 0Total Bond Holdings 0Assets in Top 10 Holdings % 100.44


h Cyclical 87.96

r Basic Materials 0.81t Consumer Cyclical 1.36y Financial Services 85.78u Real Estate - j Sensitive 9.16

i Communication Services 1.36o Energy 3.59p Industrials 3.36a Technology 0.85 k Defensive 2.89

s Consumer Defensive 1.06d Healthcare 0.63f Utilities 1.21

World Regions % Equity

Americas 0.29

United States 0.29Canada 0.00Latin America 0.00

Greater Europe 99.48

United Kingdom 93.92Eurozone 0.02Europe - ex Euro 5.54Europe - Emerging 0.00Middle East / Africa 0.00

Greater Asia 0.23

Japan 0.00Australasia 0.23Asia - Developed 0.00Asia - Emerging 0.00

Operations

Insurance Company Scottish LifePhone -Website -Inception Date 9 Apr 2010Fund Manager -Manager Start Date -NAV (27 Jun 2014) 166.20 British Pence

Domicile United KingdomCurrency Pound SterlingABI Sector Sterling High Yield (Pen)

ISIN GB00B66B3214Minimum Additional Purchase -


ß®


Scottish Life Property Pension Fund


-

IPD UK All Property Monthly QQQ


The fund is designed to outperform its benchmark. Thefund invests in good quality commercial and industrialproperty.Investment tends to be in traditional areassuch as industrial estates, office buildings and highstreet retail units. Although, other properties such asleisure developments, are actively investigated. Thefund makes significant effort to redevelop existingproperty holdings to improve their appeal and togenerate increased rental income.The value of propertyis generally a matter of a valuer's...

9.0K

10.0

11.0

12.0

13.0

14.0Growth Of 10000

(GBP)

Fund

Index

Category

2009 2010 2011 2012 2013 05/14 Performance

-4.83 9.35 6.88 2.80 9.27 6.03 Fund- - - - - - +/- Index

1.13 0.00 2.67 4.00 8.71 6.54 +/- Category- - - - - - Percentile Rank


31 Mar 10 31 Mar 11 31 Mar 12 31 Mar 13 31 Mar 1412.04 6.58 5.92 2.70 11.59


Trailing Returns

(27 Jun 2014)



4.227.92

14.487.469.24

-----

5.668.38

21.889.609.99


2014 3.05 - - -2013 0.90 1.73 2.24 4.122012 1.00 0.63 0.27 0.882011 1.91 1.62 1.95 1.232010 4.55 2.34 1.02 1.15

Portfolio 28 Feb 2014

Risk Profile



Morningstar Style Box™

Equity Style Fixed Income Style


Small

Mid

LargeSize


LowM

edHighCredit Q

uality

Risk Measures

3-Yr Alpha -15.353-Yr Beta 0.07R-Squared 5.43Information Ratio 0.40Tracking Error 31.76

3-Yr Sharpe Ratio 3.843-Yr Std Dev 1.683-Yr Risk bel avg5-Yr Risk Avg10-Yr Risk Avg


Slul Property Pool Fd Int - 99.05 Total Stock Holdings 0Total Bond Holdings 0Assets in Top 10 Holdings % 99.05


h Cyclical 0.00

r Basic Materials -t Consumer Cyclical -y Financial Services -u Real Estate - j Sensitive 0.00

i Communication Services -o Energy -p Industrials -a Technology - k Defensive 0.00

s Consumer Defensive -d Healthcare -f Utilities -

No Data Available

Operations

Insurance Company Scottish LifePhone -Website -Inception Date 29 Feb 1984Fund Manager GarethDickinsonManager Start Date 1 Jan 2009NAV (27 Jun 2014) 832.70 British Pence

Domicile United KingdomCurrency Pound SterlingABI Sector UK Direct Property (Pen)



ß®

Lump Sum At Proposed Retirement Age - 28/07/2033Set out below is a comparison of the estimated Pension Commencement Lump Sum that may be providedon retirement at proposed age of 65

Existing Schemes Scottish Life Pension Portfolio£104,000 £112,000

Value of Pension Commencement Lump Sum Assuming Med Growth

Assumptions1. The value of the investments in the Scottish Life Pension Portfolio are based on medium level growth

rate before charges are deducted.2. Retail Price Index (RPI) 2.5%.3. The current Lifetime Limit is £1.25m (this is only relevant if you have a 'Protected Pension

Commencement Lump Sum' in respect of the benefits accrued by the scheme before 6th April 2006).



ABC Pensions Ltd ABC Personal Pension £86,359.24123 Investment Services One Pension Plan £26,548.00Total £112,907.24Scottish Life Pension Portfolio £109,520.02

If the death benefit available after transfer is lower than that provided by the existing arrangements,consideration should be given to replacing the shortfall.

A lump sum death benefit is available up to 100% of the fund. A tax charge may be levied on any amountabove the Lifetime Limit Pension Commencement Lump Sum allowance.

After transfer – the proposed Scottish Life Pension Portfolio will provide 97% of the existing plan’s deathbenefit


Proposed Plan: Scottish Life - Pension Portfolio

To satisfy the requirements of RU64, this table shows the estimated fund value at full term and the transfervalue at yearly intervals from the proposed pension product and that of a standard Stakeholder plan.

Proposed Age

Year Low Med High1 Proposed Plan £117,000 £119,000 £121,000

Generic Stakeholder Comparison (tosatisfy RU64)

£119,000 £122,000 £124,000

2 Proposed Plan £125,000 £129,000 £134,000Generic Stakeholder Comparison (tosatisfy RU64)

£127,000 £132,000 £136,000


£134,000 £142,000 £150,000


£142,000 £153,000 £164,000


£150,000 £164,000 £179,000


£159,000 £176,000 £196,000


£167,000 £189,000 £213,000


£176,000 £202,000 £232,000


£185,000 £217,000 £253,000


£195,000 £231,000 £274,000


£206,000 £248,000 £299,000


£217,000 £266,000 £326,000



£228,000 £285,000 £354,000


£241,000 £304,000 £385,000


£253,000 £325,000 £418,000


£266,000 £348,000 £454,000


£279,000 £371,000 £493,000


£293,000 £396,000 £534,000


£308,000 £422,000 £579,000


Stakeholder Pensions

A Stakeholder Pension may meet the requirements of many people with a simple and transparent charging structureof no more than 1.5% pa for the first 10 years, 1% pa thereafter and no initial charges or penalties for earlysurrender.

Personal Pensions and Self Invested Personal Pensions often have investment options and features which are notavailable from a Stakeholder Pension.

This transfer analysis is based on the inclusion of the following:

The specified investments and features may or may not be available from a Stakeholder Pension, this will beclarified in the letter of recommendation.

This comparison is based on the assumption that the maximum Stakeholder charge applies and no account is takenof any specific investment, other feature or adviser remuneration which may not be available at the same level orstyle shown in the full analysis.

Fund SelectionsInvestment Template Details

Scottish Life - Income ReleaseFund AMC % Initial % Split %Scottish Life Medium Corporate Bond Pen 1 0 11.5Scottish Life Sterling Extr Yield Bd Pen 1 0 8Scottish Life Medium Index Link Bond Pen 1 0 65Scottish Life Property Pen 1 0 3Scottish Life Global Managed Pen 1 0 12.5

Sector DetailsGlobal Equities 12.5%UK Index-Linked Gilts 65%Sterling Corporate Bond 11.5%Sterling High Yield 8%UK Direct Property 3%

Plans outside the portfolio have been matched by sectors used on the portfolio.

Funds have been selected for the various sectors based on lowest annual charge then value of funds undermanagement.


Results SummaryProjected Fund Value at proposed retirement age 65

Provider Plan Low Med High RIYAviva Pension Portfolio (Core) £325,000 £450,000 £625,000 1.1%Scottish Life Pension Portfolio £326,000 £450,000 £623,000 1.1%Skandia Personal Pension - Single

Price£321,000 £444,000 £614,000 1.2%

Scottish Widows Retirement Account £316,000 £437,000 £604,000 1.3%Liverpool Victoria Flexible Transitions

Account - PersonalPension

£316,000 £436,000 £603,000 1.3%

Generic Stakeholder Comparison (to satisfy RU64) £315,000 £436,000 £603,000Prudential Flexible Retirement Plan

SIPP (Investing in Cofunds)£314,000 £436,000 £604,000 1.3%

Standard Life Active Money PersonalPension [1-2% AMCFunds]

£309,000 £429,000 £596,000 1.4%

Liverpool Victoria Flexible TransitionsAccount

£308,000 £426,000 £590,000 1.5%

Liverpool Victoria Flexible TransitionsAccount - Investing inCofunds

£307,000 £423,000 £586,000 1.5%

Suffolk Life Smart SIPP investing inTransact

£303,000 £420,000 £581,000 1.5%

Existing Plan £301,600.00 £417,800.00 £578,000.00


Adviser RemunerationAdviser Remuneration (as input)

The remuneration quoted is based on the standard remuneration terms available for the charging structures.It does not take into account any special terms that the Financial Adviser may agree with the Provider.

Initial OngoingSingle Premium/Transfer 3% 0.5%Single Premium/Transfer Monetary £0 £0Regular Premium (Annualised Premium) 0% 0.5%Regular Premium Monetary (Annualised Premium) £0 £0

Remuneration at proposed age 65Provider Plan Fund (Med) Initial

(Single)Level /Initial(Regular)

Fund-Based

Total

Aviva Pension Portfolio(Core)

£450,000 £3,380 £0 £24,300 £27,700

Scottish Life Pension Portfolio £450,000 £3,380 £0 £24,300 £27,700Skandia Personal Pension -

Single Price£444,000 £3,380 £0 £24,100 £27,500

Scottish Widows RetirementAccount

£437,000 £3,380 £0 £23,900 £27,300

Liverpool Victoria Flexible TransitionsAccount - PersonalPension

£436,000 £3,380 £0 £23,900 £27,200

Prudential Flexible RetirementPlan SIPP(Investing inCofunds)

£436,000 £3,380 £0 £23,700 £27,100

Standard Life Active MoneyPersonal Pension[1-2% AMC Funds]

£429,000 £3,380 £0 £23,600 £26,900

Liverpool Victoria Flexible TransitionsAccount

£426,000 £3,380 £0 £23,500 £26,900

Liverpool Victoria Flexible TransitionsAccount - Investingin Cofunds

£423,000 £3,380 £0 £23,400 £26,800

Suffolk Life Smart SIPPinvesting inTransact

£420,000 £3,380 £0 £23,200 £26,500


Record of Input DataPrint Date 30/06/2014

Client DetailsRef RP000912Title MrsForename RachelMiddle InitialsSurname JonesSex FemaleDate of Birth 28/07/1968Employment Status EmployedMarital Status MarriedPartner's Date of Birth 14/04/1966Partner's Forename RupertPartner's Surname JonesPartner's Sex MaleHealth Status NormalDependents NoDependent NotesAttitude To Risk Medium RiskLifetime Limit NoneNotes

Plan(s) for TransferScheme Name ABC Pensions Ltd ABC Personal

PensionType Personal PensionFund Valuation Date 28/01/2014Fund Value £86,359.24Fund Value Transfer £86,359.24Pre 97 Protected Rights TV £0.00Post 97 Protected Rights TV £0.00Regular Contributions £286.00Frequency MonthlyIncrease Rate 0%Protected Pension Commencement Lump Sum as at A-Day £0.00Fund Value as at A-Day £0.00Current Death Benefits Value £86,359.24Proposed Retirement Age 65Monetary Values / Inflation Adjusted Monetary


Growth RatesGrowth Rates Low Med High

4.8% 6.8% 8.8%

Projections at age 65.Projections Fund - Paid Up £157,000.00 £227,000.00 £327,000.00Projections Fund - Inc Ongoing £249,000.00 £341,000.00 £467,000.00

Scheme Name 123 Investment Services OnePension Plan

Type Personal PensionFund Valuation Date 04/02/2014Fund Value £26,548.00Fund Value Transfer £26,548.00Pre 97 Protected Rights TV £0.00Post 97 Protected Rights TV £0.00Protected Pension Commencement Lump Sum as at A-Day £0.00Fund Value as at A-Day £0.00Current Death Benefits Value £26,548.00Proposed Retirement Age 65Monetary Values / Inflation Adjusted Monetary

Varying Growth Rate Fund SplitFund TV split(£) Low Med HighManaged One £23,893.20 5% 7% 9%Cash £2,654.80 2% 4% 6%

Projections at age 65.Projections Fund - Paid Up £52,600.00 £76,800.00 £111,000.00


Plans Selected For ComparisonProvider Selection SelectedAviva Pension Portfolio (Core) YESLiverpool Victoria Flexible TransitionsAccount

YES

Liverpool Victoria Flexible TransitionsAccount - Investing in Cofunds

YES

Liverpool Victoria Flexible TransitionsAccount - Personal Pension

YES

Prudential Flexible Retirement Plan SIPP(Investing in Cofunds)

YES

Scottish Life Pension Portfolio YESScottish Widows Retirement Account YESSkandia Personal Pension - Single Price YESStandard Life Active Money PersonalPension [1-2% AMC Funds]

YES

Suffolk Life Smart SIPP investing inTransact

YES


pension transfer report - selectapension · analysis report introduction the purpose of this...

Documents