Standard Life Customers Can Now Hold Physical Gold Through GoldMoney

LONDON - Monday, February 14th 2011 [ME NewsWire]

(BUSINESS WIRE)-- Investors worldwide view gold as an effective way to preserve their purchasing powerover 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.”

About GoldMoney

GoldMoney is a fast growing enterprise founded by James and Geoff Turk. As one of the world’s largest providers of physical bullion for retail investors, GoldMoney combines 21st century technology with the world's oldest money: Gold. The company efficiently uses the internet to make the online purchase and the storage of gold, silver, platinum and palladium secure, convenient and economical. Residents of 86 countries can establish a GoldMoney Holding to build savings and secure their wealth by owning physical gold, silver, platinum and palladiumwith www.GoldMoney.com. All precious metals are insured and stored safely and conveniently for the investor in specialized precious metal vaults in London, Zurich and Hong Kong. By performing regular audits GoldMoney constantly ensures and verifies the contents of their precious metals vaults, thereby setting the industry standard for companies in this sector.

GoldMoney’s services can be accessed at www.GoldMoney.com
Contacts

Damian Beeley

d.beeley@pelhambellpottinger.co.uk

+44 (0)20 7861 3139



Charles Goodwin

c.goodwin@pelhambellpottinger.co.uk

+44 (0)20 7861 3117