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Standard Life
Important update on Synergy Executive Pensions
Suspension of Synergy Executive Pensions
In recent weeks there has been significant discussion in the industry in relation to one-member occupational pension schemes. For Standard Life this relates to the Synergy Executive Pension.

Disclosure requirements specified recently in the legislation mean that a Trustee Annual Report and Audited Accounts are to be produced for each scheme. As a result, we have decided to suspend accepting new Synergy Executive Pensions from 5pm on Friday 8 July 2022.

We will continue to collaborate with industry stakeholders to develop suitable solutions for customers. 
This decision does not impact premium alterations, top ups or transfers into any existing one-member schemes.

We appreciate that this is an unexpected communication and if you have further questions, please contact your Business Manager or our Technical Solutions Team.
 
Alan McCarthy
Head of Distribution Ireland
 
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Standard Life International dac is regulated by the Central Bank of Ireland. Standard Life International dac is a designated activity company limited by shares and registered in Dublin, Ireland (408507) at 90 St Stephen's Green, Dublin 2. Standard Life International dac is part of the Phoenix Group.
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