Important Information for deposits on Synergy pensions
and investments

It is your responsibility to ensure that the deposit your client selects meets their needs.

Standard Life does not endorse or recommend any deposit or deposit provider and is not responsible for a deposit's performance or the solvency of a deposit provider.

In the event of a deposit provider being unable to meet any claims against it, money from your client’s policy held with that provider will not be covered by schemes such as the Financial Services Compensation Scheme or the Deposit Guarantee Scheme. Some deposits may be covered by the Eligible Liabilities Guarantee (ELG) Scheme if the provider is a participant. See 'ELG Note' below for more information.

ELG Note: Under the ELG Scheme, fixed term deposits opened with certain providers between now and 31 December 2012 will be guaranteed for the term of the deposit (subject to EU review in June 2012).

The rates may change or be withdrawn at short notice. The rate your client gets is the rate available on the day we transfer the money to the deposit provider. This may take up to five working days.

Your client should only invest in a fixed term deposit if they do not require access to their money for the term. Early withdrawal from a fixed term deposit is at the discretion of the deposit provider who may impose early withdrawal charges.

If your client wishes to invest in direct property, there may be restrictions on how much they can place in a fixed term deposit.

Synergy product charges apply, including a management charge of 1% per annum. Your client’s return will also be affected by the fund based renewal commission you have agreed with your client.

If your client invests in a Self-Directed Option, a policy cash account will be set up within your client’s policy to facilitate their Self-Directed Options and from which payments are credited and deducted. The policy cash account is a deposit provided by a third party. For further information, see the Key Features document and Self-Directed Options guide (SYSDO1).

Deposit account terms and conditions with each of the relevant providers apply and may change at any time at the sole discretion of the deposit provider.

If your client cancels their policy within the 30 day cooling off period, the deposit provider reserves the right to deduct the early withdrawal costs from your client’s deposit.

The rates have been supplied by the relevant deposit provider. For policy cash account rates or previous demand deposit rates, please speak with your Standard Life Business Manager or call us on 01 639 7080.

There may be other deposit providers not shown here which are available as an investment option. Call us on 01 6397080 or email selfdirected@standardlife.ie for more information.