What are the charges?

What does it cost?

When you have a pension there are charges for investing in funds. These charges cover the cost of managing your investments.

The amount you will be charged depends on the investments you choose. The charges and any rebates which apply to each investment option are explained in the How to choose the right investment options for your pension (PDF, 740kb).

Charges are regularly reviewed and may be increased to reflect increases in overall costs and/or changes in the assumptions made. Any increases will be fair and reasonable.

Scheme rebates

Your employer may has negotiated a discount, which means that Standard Life would rebate a percentage of the fund management charge and additional expenses by adding extra units to your fund each month. Your employer can confirm if there is a scheme rebate on the fund management charge

If you leave the company, then any scheme rebates may be reduced, or may no longer apply.