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Aegon Pension - help with Charges
james_09
Posts: 40 Forumite
I have been paying into an Aegon Pension scheme for the last 10 years set up by an IFA that I went to when I started work. I am no longer in contact with them.
100% of my contributions are being paid into Aegon's Universal Lifestyle Collection Pension Scheme which charges a 1% annual charge.
I noticed recently when I checked Google for the funds performance that there are three different funds:-
http://www.trustnet.com/Factsheets/Factsheet.aspx?fundCode=BWF24A&
SCOT EQ UNIVERSAL LIFESTYLE COLLECTION PN (ARC)
SCOT EQ UNIVERSAL LIFESTYLE COLLECTION PN SH
SCOT EQ UNIVERSAL LIFESTYLE COLLECTION PN
Could anyone tell me what the difference is between them?
What caught my eye was that the (ARC) version only has a 0.10% annual charge i.e. 10 times less than I am currently paying, but I am not sure what the difference is.
100% of my contributions are being paid into Aegon's Universal Lifestyle Collection Pension Scheme which charges a 1% annual charge.
I noticed recently when I checked Google for the funds performance that there are three different funds:-
http://www.trustnet.com/Factsheets/Factsheet.aspx?fundCode=BWF24A&
SCOT EQ UNIVERSAL LIFESTYLE COLLECTION PN (ARC)
SCOT EQ UNIVERSAL LIFESTYLE COLLECTION PN SH
SCOT EQ UNIVERSAL LIFESTYLE COLLECTION PN
Could anyone tell me what the difference is between them?
What caught my eye was that the (ARC) version only has a 0.10% annual charge i.e. 10 times less than I am currently paying, but I am not sure what the difference is.
0
Comments
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different products get different versions. (SH is stakeholder for example. ARC is the new pension)I am an Independent Financial Adviser (IFA). The comments I make are just my opinion and are for discussion purposes only. They are not financial advice and you should not treat them as such. If you feel an area discussed may be relevant to you, then please seek advice from an Independent Financial Adviser local to you.0
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