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  • Standard Life Customers Can Now Hold Physical Gold Through GoldMoney

    Published on February 14, 2011

    London, United Kingdom: I nvestors worldwide view gold as an effective way to preserve their purchasing power over long periods of time. Accordingly, gold is a sensible option when considering how best to allocate your pension investments. GoldMoney, one of the world’s largest providers of physical bullion for retail and institutional investors, and Standard Life, one of the largest pension providers in the UK, have joined forces to provide a practical way for Standard Life’s Self Invested Personal Pension (“SIPP”) owners to hold physical gold bullion.

    As of today, Standard Life has added physical gold bullion to the wide range of investment options available as part of its highly successful SIPP. GoldMoney and Standard Life have seamlessly integrated their respective systems so that Standard Life’s customers can now easily and cost effectively trade and store physical gold bullion within their SIPPs.

    “We’re delighted to be working with Standard Life to provide an effective solution for their class-leading SIPP product. Facilitating pension investment into precious metals – especially physical gold – remains one of our key objectives, so this new partnership with Standard Life represents a significant step forward for us”, said Geoff Turk, CEO of GoldMoney.

    Alistair Hardie, Head of SIPP for Standard Life, commented: “Advisers and customers have asked us to introduce gold as part of our specialist SIPP proposal and I am delighted we can respond by working with GoldMoney. GoldMoney is a well-established company with a decade of experience working with customers wishing to buy and store physical precious metal. Our SIPP has broad appeal, as evidenced by us recently passing the 100,000 customer milestone. We will continue to be responsive to adviser and customer needs to ensure our SIPP remains market leading.”

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