This slide is for financial advisers only

Standard Life has provided these template slides for you to use with potential

corporate clients. You can use these slides to inform corporate clients about the

changes to their scheme as a result of the DWP announcements and discuss the

Standard Life proposition. You can pick and choose the slides you would like to use.

You can add your own company logo and any regulatory requirements.

There is an appendix of slides which shows the default investment solutions your

corporate clients may have for their scheme.

Standard Life Assurance Limited is registered in Scotland (SC286833) at Standard Life House, 30

Lothian Road, Edinburgh EH1 2DH.

Standard Life Assurance Limited is authorised by the Prudential Regulation Authority

and regulated by the Financial Conduct Authority and the Prudential Regulation Authority.

www.standardlife.co.uk

Getting ready for auto-enrolment Date:

Client name:

Scheme no:

Adviser name:

Adviser firm:

Product type:

Changes to your qualifying

workplace pension scheme

Budget 2014 and DWP announcements

Budget 2014

• DC flexibility from April 2015

• DB to DC transfers allowed with advice

• £10k annual allowance after flexibility is

accessed

• Removal of 55% tax on death where

member dies before age 75

• TFC staying at 25%

• Capped drawdown to continue

• Guidance guarantee

DWP

• Charge cap of 0.75% on QWPS default

investment solution from April 2015

• Removal of consultancy charging by

April 2015

• Removal of commission on QWPS by

April 2016

• Removal of AMDs by April 2016

• Minimum quality standards and new

transparency in workplace pensions

Flexibility Transparency

There is an increased focus in pensions by the Government which has resulted in

two fundamental changes.

What these changes mean for you?

Your pension provider, Standard Life, is taking a fair approach across a range of issues

with regard to the DWP announcements. The changes will leave most employees in a

better position.

As you have already staged, Standard Life’s priority is to make sure your scheme is

compliant by April 2015.

Changes to workplace savings – Timeline

Late November 2014 You’ll hear from Standard Life

about the changes that will be

made to your scheme

Mid January 2015 Standard Life will write to employees

about these changes

{optional as only for schemes with

AMDs}

From April 2015 Changes will be implemented.

0.75% charge cap on default investment

solution takes effect.

Commission stopped (if appropriate)

AMDs no longer allowed (if appropriate)

New freedom and flexibility comes into

effect for pension savers

March 2014

DWP announce: Charge cap of 0.75% on QWPS default investment

solution from April 2015

Removal of consultancy charging by April 2015

Removal of commission on QWPS by April 2016

Removal of AMDs by April 2016

Budget 2014 – more flexibility announced:

DC flexibility from April 2015

DB to DC transfers allowed with advice

£10k annual allowance after flexibility is accessed

TFC staying at 25%

Death benefit tax will come down from 55% to 0%

for deaths before age 75 and to 45% for deaths

from age 75 (new rates confirmed in Taxation of

Pensions Bill)

Capped drawdown to continue

April 2014 New ISA limits up to £15,000

What these changes mean for you?

To meet the new standards, the following changes will be made to

your scheme:

Current scheme discount is ‘X’

The level of scheme discount will change to ‘Y’

This means that if an employee is invested in the scheme default,

the charge will meet the new standards of 75bps.

What do these changes mean for you?

Due to the DWP rules Standard Life can no longer facilitate commission as a way for

you to pay for my services.

I would still like to offer you services to help your employees make the most of their

pensions; however, we would need to discuss the appropriate fee structure.

Service Fee

XXX £Y

XXX £Y

XXX £Y

XXX £Y

Benefits of your pension scheme

Your scheme will be compliant with minimum standards set by the government,

but research shows that the minimum will not always deliver the best outcomes

for employees at retirement.

Contribution

decisions

How much is

paid in

Investments

decisions

How the

investments

perform

Retirement

decisions

How the

money is taken

CORE DRIVERS OF GOOD MEMBER OUTCOMES

Your company pension with Standard Life has been designed around these

principles and aims to achieve the best possible outcomes for your employees

at retirement.

Investment solutions

Standard Life’s default investment solution

• A quality default fund that’s suitable for your workforce

• Underpinned by robust investment governance

• Your default fund [insert name of default fund] has been designed in line with government guidelines

• Part of our risk based fund suite

{optional as not applicable for Stakeholder or Traditional

Lifestyle Profiles}

• Benefits from strategic lifestyling which involves derisking the investment allocation as a member gets nearer their nominated retirement date

{optional as only applicable to CIP range solutions}

Employee investment choice

• Flexibility

• Easy choices

• Risk-based approach offered through

the default option, strategic lifestyle

profiles and risk-based fund range

• Providing access to market leading investment manager Standard Life Investments

Standard Life’s

corporate investment proposition

A determined focus on

providing good value options

Future-proofed for auto-

enrolment

An ingrained culture of careful governance and

monitoring

Truly innovative investments that continually strive to provide best-in class options for employees

Access to a wide range of external fund managers

Expert investment

management from Standard

Life Investments

Active management

that adds genuine value

Please note these options are not available on

stakeholder pensions.

Employee communications To drive engagement and contribution decisions

Building engagement

• Easy to access and available anytime

• Developed based on customer insight and contains interactive content

and tools to both educate and inform

• Campaign support material to order online - personalised with logos and

call to actions

• Employees can visit Employeezone or download Standard Life’s

MyPortfolio App for iPad, iPhone and Android to view details of their

pension plan, access tools and make changes

Through your company pension website

Apple, iPad and iPhone are

trademarks of Apple Inc.,

registered in the US and other

countries. App Store is a service

mark of Apple Inc.

Building engagement Through your company pension website

Online tools and information Total support

Retirement lifestyle calculator Retirement planner

Online access Total control for the member

iPad and iPhone are trademarks of Apple Inc., registered in the US and other countries.

App Store is a service mark of Apple Inc.

Suggested worksite campaigns On-going member engagement

Auto-

enrolment Transfers Investments Contributions

Month 1 Month 3 Month 6 Month 9

Auto-enrolment campaign

Consolidation campaign

Investment campaign

Risk profiling tools online

Direct mail

3 steps campaign

Retirement solutions

Supporting retirement • Access to the freedoms and flexibility allowed by the Budget 2014

• Information members need at the right time to help them make the right choices

• A wealth of online support and information

• Access to retirement specialists who can talk them through the options available

• Retirement roadshows - free of charge - where your members can meet Standard Life experts

and learn more about their retirement choices. Subject to availability within selected regions

Any questions?

Appendix 1

Lifestyle Profiles •Strategic Lifestyle Passive Plus III Profile (S3PP)

Standard Life Passive

Plus III Pension Fund

(CCHD)

Standard Life Strategic

Pre Retirement (B)

Pension Fund (KKFF)

Standard Life Strategic At

Retirement Pension Fund

(BDAD)

Lifestyle Profiles •Strategic Lifestyle Active Plus III Profile (S3AP)

% o

f in

vestm

ents

Standard Life Active Plus

III Pension Fund (DDNA)

Standard Life Strategic

Pre Retirement (A)

Pension Fund (BDAE)

Standard Life Strategic At

Retirement Pension Fund

(BDAD)

Investment flexibility •Standard Life Balanced Managed II Lifestyle (4BAL)

Standard Life

Managed Pension Fund

(FA)

Standard Life Multi-Asset

Managed (20%-60%

Shares) Pension Fund

(F8)

Standard Life Annuity

Purchase Fund (F9)

• Automatic monthly switching

• Targeted to individual retirement age

Standard Life Deposit and

Treasury Pension Fund

(G4)