Aviva Stakeholder Work Pension

Al_Ross

How often should Aviva  be taking units from my work Stakeholder Pension fund to cover their charges and is it normal for them to do this on a Saturday ?

Marcon

Al_Ross said:

How often should Aviva  be taking units from my work Stakeholder Pension fund to cover their charges and is it normal for them to do this on a Saturday ?

Normally done monthly by cancellation of units. Nothing wrong with a Saturday or any other day!

FIREDreamer

Al_Ross said:

How often should Aviva  be taking units from my work Stakeholder Pension fund to cover their charges and is it normal for them to do this on a Saturday ?

It was generally monthly in my last scheme but was very sporadic. Computers aren’t necessarily tied in to a working weekday.

Example below from going through past screenshots …

Al_Ross

Unfortunately they do not state when charges are taken or what they've taken. All I know is the annual charge is 0.7%.

My fund was worth £146765.44 at close of buisness yesterday and today the units held went down and the fund is down by £98.08 in value.

Marcon

Al_Ross said:

Unfortunately they do not state when charges are taken or what they've taken. All I know is the annual charge is 0.7%.

My fund was worth £146765.44 at close of buisness yesterday and today the units held went down and the fund is down by £98.08 in value.

£146,765 x .7% = £1,027. A twelfth of that is £85. Bearing in mind that your fund value will fluctuate over the year, it doesn't look out of line with what you'd expect. What exactly is worrying you about this, because something obviously is?