Standard Life Pension Term Assurance to be offered by Barclays

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Standard Life Pension Term Assurance to be offered by Barclays

Fri 9th Jun 2006

An agreement has been reached which will mean Standard Life Pension Term Assurance will be sold by Barclays, it was announced today.

Tax relief will be available on the deal in a combined attempt to offer competitive and simple life assurance.

The move has been welcomed by both companies, who agree that it demonstrates the ability for two major players to join forces for mutual benefit.

Trevor Matthews, chief executive of Standard Life and Pensions, said: "This is an exciting further step in diversifying our distribution strategy to secure alliances in profitable and potential growth areas with a very significant partner."

The Standard Life Pension Term Assurance will be offered under the Barclays brand and is seen as Standard Life's first move into the retail life assurance market.

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