Annual Charge question

ZacSpeed

I have a pension (JESSOP MULTI ASSET PP) which Trustnet shows as having an underlying fund (Aberdeen Multi Asset).

The AMC for the Jessop pension fund is 1.25% and the AMC for the Aberdeen OEIC is 1.0% with a TER of 1.54%.

Silly question but is my total annual cost 1.25%, 2.25% or 2.54%?

Cheers

mania112

It could be none of the above.

Depends who the pension is with and the cost that your provider has negotiated for that fund.

Trustnet shows the 'retail' cost. If you directly invested in Jessops Multi Asset PP fund you would pay 1.25% pa (plus an initial charge for transfer/contributions of 4.17%)

You wouldnt pay the cost of the underlying fund - unless you were directly investing in just the underlying fund.

mania112

Although, if Jessop are the company you work for, i'm sure that is the price you pay - i was assuming Jessop are a fund manager, but seems they ARE talking about the company who specialise in photography(?)

ZacSpeed

Jessop are indeed a fund manager where my old SERPS pension has ended up having started at Rothchilds.

Looks like they are charging an extra 0.25% to administer it. Just wanted to check the charges as I can transfer out without penalty but it seems to be doing ok so will probably leave for now.

Thanks