A pension is a long-term investment. Its value can go down as well as up and could be worth less than was paid in. Laws and tax rules may change in the future. Your own circumstances and where you live in the UK will also have an impact on tax treatment.

Costs and charges information

New regulations now ask Independent Governance Committees (IGCs) to publish costs and charges information in more detail. This includes the ongoing charges and transaction costs for each default investment fund that Standard Life makes available to its members, as well as sample illustrations showing the effect these charges could have on your pension pot over time. Next year, this information will be extended to cover all funds that customers can invest in.

You can find more information about the new regulations, and details on the costs and charges the IGC are publishing in this year’s IGC report.

 

Costs and charges for individual customers

The tables linked below show the range of costs and charges paid by individual customers.  

You’ll see that not all customers pay the same price for the same fund. Costs and charges can vary depending on the fund(s) you’re invested in, the type of policy you have and the terms your employer, or previous employer, agreed with Standard Life.

We’ve shown the charges as percentages so you can compare what you’re paying to what others are paying for the same fund. If you don’t know the percentage you’re paying, you can find out by logging in to your dashboard, or by registering online if you haven’t already.

Member data table - Default

PDF download iconYou can  download the Member data table – Default (99 KB)

Member data table - Quasi

PDF download iconYou can  download the Member data table – Quasi (94 KB)

Quasi investment funds are funds which are treated as default investment funds due to the number of customers investing in them.

 

Costs and charges for employer arrangements

These tables show the range of charges applying to employer arrangements. 

They don’t focus as much on what you pay as an individual, but they will let employers compare the charges for their arrangement against other employer arrangements. So you might want to encourage your employer to look at this information.

Scheme data table - Default

PDF download iconYou can  download the Scheme data table – Default (94 KB)

Scheme data table - Quasi

PDF download iconYou can  download the Scheme data table – Quasi (93 KB)

Quasi investment funds are funds which are treated as default investment funds due to the number of customers investing in them.

 

Example illustrations

The illustrations below show the effect these ongoing charges can have on the value of your pension plan over time.

We want to help you find the information that is as relevant as possible to you. So we’ve chosen the lifestyle profiles where the majority of customers are invested as examples.

We’ve also included a range of ongoing contributions and ages, so you can pick the illustration which is the closest match to your own personal circumstances.

Active Plus III Lifestyle Profile (S3AP)

 PDF download icon Active Plus III Lifestyle Profile (S3AP)

Passive Plus III Lifestyle Profile (U3PP)

PDF download iconPassive Plus III Lifestyle Profile (U3PP)

Balanced Managed II Lifestyle Profile (4BAL)

PDF download iconBalanced Managed II Lifestyle Profile (4BAL)

We hope you find this new information useful and we would welcome any views from you.