Important information for deposits on Synergy pensions and investments

  • It is your responsibility to ensure that the deposit you select meets your needs so it is important that you seek appropriate financial advice.  Standard Life does not endorse or recommend any deposit or deposit provider and is not responsible for the solvency of a deposit provider or a deposit’s performance
  • In the event of a deposit provider being unable to meet any claims against it, money from your policy held with that provider will not be covered by schemes such as the Financial Services Compensation Scheme or the Deposit Guarantee Scheme
  • Fixed term deposits should only be taken out if you do not require access to your money for the term. Early withdrawal from fixed term deposits is at the discretion of the deposit provider who may impose early withdrawal charges
  • The rates may change or be withdrawn at short notice. The rate you get is the rate available on the day we transfer the money to the deposit provider. This may take up to five working days
  • Synergy product charges apply, including a management charge of 1% per annum. Your return will  also be affected by the commission structure you have agreed with your Financial Adviser.
  • When you invest in this Self-Directed Option a policy cash account will be set up within your policy to facilitate your Self-Directed Options and from which payments are credited and deducted. The policy cash account is a deposit account provided by a third party. For further information, see your 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 you cancel your policy within the 30 day cooling off period, the deposit provider reserves the right to deduct early withdrawal charges from your deposit
  • The rates have been supplied by the relevant deposit provider. For previous demand deposit or policy cash account rates, please speak with your financial adviser or call us on (01) 639 7000
  • There may be other deposit terms and providers not shown on our website which are available as an investment option. Please call us on (01) 639 7000 or email customerservice@standardlife.ie for more information.