company rates Yes
ransfer another
Allocation reg/ r 100% s100% Nil
Policy fee Initial/ Bid/ single Nil/
£370†/ 0.25%
annual offer Death Fund choice charges spread benefit
Nil ROF
Immediate (Default in bold if applicable) Fund choice of over 150 funds from over 25 different fund
providers including a Model Portolio option managed by an authorised investment manager
ent. Transfer-in charge £80 per provider. Property purchase: Initial desk top study - free, initial property charge £645, lease £160 per lease, loan £160 per loan, completion of property nt £80 per quarter, annual VAT admin charge £160 p.a. Charges are VAT free with the exception of some property related charges.
Yes
r 100% Nil s 100% Nil
Nil/
0.1% - 0.7% †
Nil ROF Choice of 135 funds plus Adventurous, Balanced and Cautious Governed Investment Strategies.
Yes † All free No
: Up to £10K - 0.7%, £10K up to £20K - 0.65%, £20K up to £30K - 0.45%, £30K up to £50K - 0.3%, £50K up to £300K - 0.28%, £300K up to £500K - 0.27%, £500K up to £750K - 0.25%, Yes †
100% †† Nil ROF
Choice of over 1200 UT/OEIC funds including default (Blackrock Cash Fund)
r 100% Nil/ s100% Nil
r 100% Nil/
Nil/ †
Nil ROF Choice of over 600 funds including default (Skandia Deposit)
ROF Yes No All free No
2. Policy fee/reg single:Unbundled tiered charging model, first £25K - 0.5%, £25K to £100K - 0.35%, £100K to £500K - 0.3%, £500K to £1m - 0.25%, £1m + 0.15%. Minimum charge Yes
No † Nil/ None s 100% Nil
0.5% - 2% †
100% Nil Nil/ Nil ROF
305 insured funds, 81 internal and 224 external with 38 No lifestyle profiles. A trustee cash account can also hold money on deposit.
1% - 3.18%
CIS: Adv Pt, Bal Pt, Caut Pt, Dep, Euro Grth, Pens FTSE, Sust Ldrs, UK Grth, UK Inc Grth, US Grth, Wth Prft. Fidelity:
Amer, Euro, Inc+, India Foc, MneyBldr Inc, Sth East Asia. Gartmore: China Opps, Corp Bd, Glbl Foc, US Opps. Merrill Lynch: Amer, Euro Dyn, UK Dyn, UK, UK Sm Co. Schroder: Gilt & Fxd, Glbl Prp Sec, Inc, Rec, UK Alpha+, UK Mid 250
Yes †
r100% †† Nil s100%
r 100% Nil/ s100% Nil
Nil/† Nil
ROF
Managed, Deposit, With Profits. Choice of 17 funds available.
alty-free transfer same and another company: MVR applied if invested in With Profit Fund. Yes
Nil ROF Choice of over 3,000 funds from more than 75 fund managers
Yes Nil Yes No 1/ Discretionary All free No 0 pm. Charges: Charges based on total assets held by client, first £99,999 charged at 0.35%, next £150K - 0.30%, next £750K - 0.27%, over £1m - 0.22%. £75 pa charge No Nil All free † No
ent charge varies from fund to fund (0% - 3.7%). Immediate vesting: Minimum term is normally 2 yrs before vesting. Switches: Unit prices may reflect a dealing turn. Yes
Yes † All free No
alued over £25K the minimum monthly/annual contribution is £100/£1K. WOP: Under separate contract (Pension Contribution Insurance). Initial/annual charges: Additional expenses will apply Yes
No No All free No
allowed? bonus charges penalty No Nil All free No
vesting Loyalty free pa/
PENSIONS Switches
Retirement
oyalty free pa/ Retirement funds per Fund choice onus charges penalty plan
Max no. † Nil
20/subject No to company discretion
ment charge (which encompasses initial/annual charges, policy fees and bid/offer spread). For the purposes of the following table, please read death benefit as return of fund. Switches
(Default fund in bold)
Life- With profits styler investment opt? proportions
Balanced Passive Lifestyle, Balanced Lifestyle, Cash, Cautious Yes UK Eqs 41.48%, Yes † Lifestyle, Dist, Dynamic Lifestyle, Ethical, Euro, Euro Tactical, Glbl, High Yield Corp Bd, Indx Lkd, nt, Jpn, Long Gilt, Mixed, Nth Amer, O’seas Bd, Pacific, Tech, UK Corp Bd, UK Eq, UK Eq Tactical, UK Fxd Int, UK Fixed Int & Global Eq Tkr, UK Fixed Int & Global Eq Tkr
Fixed Int 39%,
Overseas Equities 11.59%, Property 7.93%
Lifestyle, UK Gov Bd, UK Sm Cos, UK Long Corp Bd, Universal Lifestyle Coll, WP Cautious, WP Growth. External funds available from SE BGI, Baillie Gifford, Blackrock, GLG, Invesco Perpetual, Lazard, Newton, UBS, HSBC. †
y: commission reclaim applies if surrendered within first three years of the plan. 1 year 100% reclaim, 2 years 67% reclaim, 3 years 33% reclaim. Fund choice: External funds only for ve Managed Collection, 80/20 Defensive Managed Collection.
Waiver of premium. PUP = Paid up plan. NAE = National Average Earnings. ROF = Return of fund. Yes
PENSIONS Immediate Group
vesting contract allowed? available?
March 2015
57
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