This gives Aegon the authority to: ... of the administration of your plan. Aegon has a £75 annual charge covering administration of drawdown, whether you take regular or ad hoc payments. You can only re-direct charges to your individual GIA. Policy. Its SIPP has a tiered annual management charge on funds: 0.25% for £0 to £250k, 0.10% for the next £250k to £1 million, 0.05% for the next £1 million to £2 million, and no charge on amounts above £2 million. Remember, your intermediary should complete the ‘Intermediary charge instruction’ section in this form, if you want to facilitate payment of charges to your intermediary from your Aegon SIPP. We put you in control of your clients' financial futures. We’ll take the charge from the cash facility. The charge is £1, and the money raised goes to the PTM. None. Fund switch fee. Our trust range for use with a general investment account, Aegon Platform terms and conditions (PDF), Aegon Platform key information document (including key feature of the Aegon SIPP) (PDF), Making contributions to products on the Aegon Platform (PDF). Aegon SIPP. Please select the box that applies to you.Â. £60. • Deduct the platform annual … Stamp duty is payable on any purchase of investment trusts and equities made through our stockbroker service Winterflood. What the Aegon SIPP offers Cash and re-registration transfers from other pensions, including drawdown to drawdown transfers. Many people now opt for a more gradual transition from working life into retirement. For transfer(s) in - download the transfer authority in this section and send it to us by email so we have it for when you complete the application. Understanding the Aegon Platform charges The Aegon Platform has a clear and flexible charging structure so you’ll know exactly what you’re paying for. 37. Documents you need to send us . Annual charges (payable quarterly) Under £25,000. Portfolio Plus Self-Invested Personal Pension This is an important document. These charges can be: These charges will be taken as either a percentage or monetary amount from the product wrapper cash facility, depending on what you agree with your client. As you have two products the £9.27 charge would be proportioned between the two products as follows: Aegon ISA charge = £15,000 multiplied by 0.4944% = £6.18; Aegon GIA charge = £ 7,500 multiplied by 0.4944% = £3.09 The costs can vary a lot, depending on how you invest in your SIPP. They’ll vary depending on the assets chosen. Online support. As you have two products the £9.27 charge would be proportioned between the two products as follows: Aegon ISA charge = £15,000 multiplied by 0.4944% = £6.18; Aegon GIA charge = £ 7,500 multiplied by 0.4944% = £3.09 And, as a partner with Origo Options, we can process your clients' transfers faster, smarter and smoother. A transfer for consolidation purposes could be from one capital at risk stocks and shares ISA, general investment account (GIA) or pension product to another – so the value of your investments after any consolidation … £25,000 - £49,999. 0% charge processing probate; Dedicated Chelsea pension administrator; Investing in a pension has the same charges as if you were to open an ISA, or (non-ISA wrapped product) via us: Up to £250,000 held with Chelsea Aegon's platform fee 0.15% Chelsea's fee 0.40% Amounts between £250,000 and £500,000 Aegon's platform fee 0.15% Chelsea's fee 0.35% Capped drawdown (over age 75) £250. Guides and FAQs Customer services About Aegon. Our tiered and capped platform administration charge encourages consolidation and rewards those with more savings. We've designed the Aegon Retirement Choices (ARC) charging structure so it's clear - your clients can see exactly what they're paying for. Learn how ARC’s tools and services work seamlessly to support your business. The ReAssure and Aegon relationship 1 2. Retiready charges a platform fee of 0.5% on assets up to £50,000, 0.4% for assets of between £50,000 and £100,000 and 0.3% on assets over £100,000. Standard Life applies a high ‘whole fund’ admin charge of 0.55% for pots of between £100,000 and £249,999 (immediately applied after the first income withdrawal in our calculation), while Aegon charges between 0.45% and 0.60% on an ‘income tax band’ basis on funds less than £250,000, but 0% on funds above that. The amount of stamp duty your client will pay is worked out at a flat rate of 0.5% (rounded up or down to the nearest penny) based on the purchase amount. Contributing to your pension; ... Aegon NV is engaged in providing life insurance, pensions and asset management products and services in the USA, Europe, … This is the administration charge taken to cover the cost of investing through ARC. Please keep it safe for future reference. We use cookies to give you the best possible experience on our Percentage–for example, 3% of a regular contribution for a maximum of 36 months. We'll charge £75 a year if your client takes income from the drawdown part of their self-invested personal pension (SIPP). Designated drawdown product – manage crystallised and uncrystallised funds separately. This option isn’t available for Aegon SIPP regular contributions or on existing regular contributions. Aegon Retirement Choices platform update – July 2020. Our SIPP offers the flexibility to support a phased approach, allowing a seamless transition from saving to taking an income.Â. £120 . Workplace solution. For this reason, a SIPP won't be suitable for everybody.  Â. Annual management fees are the most common type of fee. Fund charges are as high as 0.82%. I am 48 yrs old and work in the NHS so have this pension as well for the past 13 yrs. To give you an idea of the overall cost, we ran a few scenarios in our platform calculator. Other documents It’s important you understand how the SIPP, ISA and ... buy them. ... Suitability and features of the ARC SIPP; Your guide to Aegon Retirement Choices – adviser guide ... Charges guide; Take a look at our document library for more support material. There is no charge for switching funds. Yearly charge (based on fund value) Set-up fee. Insured funds charges 4 3. How to pay ongoing charges through your General Investment Account (GIA) 22 March 2019. The charge we’d deduct for the month would therefore be £111.25 divided by 12 = £9.27. Online and signature-free initial and ongoing adviser charges. View the Aegon Diversified Monthly Income (Class B) Income Fund Key Investor Information Document (KIID)/Simplified prospectus plus charges and savings, reports, accounts and more. Profile Sign out. Managing adviser charges How to set up, amend or check ongoing or ad hoc adviser charges set on your clients’ accounts. Our tiered and capped platform administration charge encourages consolidation and rewards those with more savings. We'll take it from the cash facility. Insured funds charges 2 3. Aegon’s recently appointed chief executive has pledged to improve the service it provides to UK financial advisers. Flexi-access drawdown and capped drawdown (up to age 75) income withdrawal. £150. There are three main charges associated with your Aegon Platform account: • Annual charge – this pays for the administration of your Aegon Platform account. Any charges agreed between you and your client will be shown on your client's personal illustration. If you and your client decide to use a discretionary fund manager (DFM) to help manage your clients’ investments, we’ll pay the agreed level of charge to this manager on your client’s behalf. These charges cover the cost of managing investments and checking they’re performing as expected. One-off UFPLS payment Profile Sign out. In order to get you to the right place, we need to find out a bit more about you. Charges on the Aegon Platform. £160. Income drawdown charges 9 5. • accept instructions from your adviser. annual charge for funds at 0.25% up to £250,000, 0.10% for £250,000 up to £1m, 0.05% for £1m – £2m, no charge over £2m investment. Monetary–for example, £50 each month for a maximum of 36 months. Using the two portfolios outlined below, the tables below show the range of exit charges an investor could face if they wanted to switch. However, because of this flexibility, SIPPs generally have higher costs than a standard personal pension, and in particular a stakeholder pension plan. If you … ... charges and returns shown are for illustrative purposes only based on the assumptions you have chosen. Adviser charges So the higher the value of assets they have on ARC, the less their percentage charge will be. Find out how Aegon's fund solutions make investing easier. If you continue, we'll assume you're happy to receive all cookies from the website. Please refer to either your Key Information Document, Key Investor Information Document or fund factsheet for details. The fund charge is sometimes called the ongoing charges figure (OCF) or total expense ratio (TER). Your clients should be comfortable with the investment choices they make as they may lose features, protections, guarantees or other benefits when they transfer. We might vary these charges at our discretion. £50,000 + £200. Top up – intermediary charges. Deduct the platform annual charge from your SIPP. The ReAssure and Aegon relationship 3 2. Please take some time to read this document alongside: the Aegon Retirement Choices – charges guide (or Charges information if you’re saving via your employer); the Aegon Retirement Choices terms and conditions; … Annual charge Drawdown charge (SIPP only) Ongoing adviser charge Service charge Discretionary fund manager charge; Can I re-direct charges to a joint or designated GIA? We've designed the Aegon Retirement Choices (ARC) charging structure so it's clear - your clients can see exactly what they're paying for. You’ll then see all the documents relevant to the top up request. Valuations; Charges; Money in; Money out; Using the platform – the basics; Managing … share dealing is £9.95 per deal for zero to nine deals, and £4.95 per deal for 10 or more deals in the previous month. £150. ... Selftrade’s Sipp charges a percentage fee in tiers. Regular UFPLS payments. If you’re not sure, you should get financial advice - there may be a charge for this. £120. This charge will be set up when their first drawdown pension payment is made, and will apply each year after that to cover ongoing administration. Previously these ranges carried DFM charges of 0.2 per cent, 0.15 per cent, 0.2 per cent and 0.25 per cent respectively, in addition to the VAT charge. Investment charges 3. Top up - documents. Documents. While investing through the gross general investment account (GIA) means no tax is deducted from your client's fund, some external product providers will apply a charge for investing in their product wrappers. Choice of collection dates for regular contributions (day 1 to 28). You can find out more in our Charges guide (PDF - 392k)(Opens new window). Advisers. Find out how to make the most of ARC’s ways to save. fund dealing is a flat fee of £1.50 online. Guide to transfers. Transfer in fee. Self-investment charges 3 4. Consolidating your pension; Drawdown; Tax free cash; Investing in retirement; Retirement checklist; SIPPs & death; Pension illustration; Pension Wise; Pensions explained. There are three main charges associated with your Aegon Platform account: • Annual charge – this pays for the administration of your Aegon Platform account; • Investment charge – this covers the investment For a copy of all the … This is a charge automatically imposed on investors, and is collected by our stockbroker Winterflood, when equities or investment trusts are bought or sold with an aggregate value of more than £10,000. Online applications for new business, top ups, transfers, single and monthly contributions. There are three main types of charges: 1. For example if shares are bought for £1,000 your client will pay £5 stamp duty. You can find out which are available, and their associated charges here. I am a pension novice but have an Aegon SIPP Uncrystallised which has a current value of £55k. You can find more forms in the document library. SIPP charges; Open a SIPP; Transfer a SIPP; Options at retirement. The value of the investments with a pension can fall as well as rise.  The value of a client’s pot at retirement may be less than they pay in.  All payments into a client’s pension pot are normally tied up until they take their benefits, which is usually any time from age 55. Guides and FAQs Customer services About Aegon. These are the charges for the advice you give and are agreed between you and your client. We use cookies to give you the best experience we can. Can I top up my client's Aegon SIPP online? Aegon SIPP. Sell assets to ensure enough cash is available to pay any charges, income payments ARC Self-invested Personal Pension (SIPP) For intermediaries only. The fees charged by DFMs vary. 28 May 2020. Platform charges might also be referred to as the annual charge or the product charge. We are mortgage and debt free so want to look at maximizing my pension now with an option to retire earlier if possible. Aegon SIPP. No product establishment charge or administration charges (unless in drawdown). Find out about ARC’s retirement income options. This charge applies to the following: The charge will vary depending on which asset your client chooses to invest in. As you can see from the table below, the percentage charge for each band reduces as your clients’ ARC account value grows. For shares, it has an annual charge of 0.25% (max £25 per quarter). You can easily complete quotes, top ups and new business applications (including transfers, single and regular contributions) online. Aegon Ethical Equity Fund Class B ... SIPP or Fund and Share Account. We take this charge monthly from your clients’ account. Retirement saving and income solutions in one place, including flexi access and uncrystallised funds pension lump sum (UFPLS). Platform/product fee. Your Aegon SIPP sits under the Aegon Self Invested Personal Pension Scheme, which is a registered pension scheme. • Investment charge – this covers the investment manager’s charge for your chosen investments. If you have enhanced or fixed protection, setting up an Aegon SIPP will lose you your protection … Aegon is lowering the annual charge on its online personal pension platform for new clients. If you require access to our institutional website, select Institutional here. Designated drawdown product – manage crystallised and uncrystallised funds separately. Platform Terms and Conditions and the Portfolio Plus Pension and Portfolio Plus Self-Invested Personal Pension supplement. Charges. The flexibility of a SIPP, the wide range of investment options and the ability for you and your clients to actively manage their investments are all good reasons to use our SIPP. Charge. Providing you with the flexibility to manage wealth accumulation and retirement income in one place, we can support your clients throughout their working life and into retirement. Self-investment charges 5 4. Investment entry and exit charges may also apply. The charge we’d deduct for the month would therefore be £111.25 divided by 12 = £9.27. website, please read our Cookie Cash and re-registration transfers from other pensions, including drawdown to drawdown transfers. Online Isa & Sipp providers cost comparison table Below is a breakdown of the charges levied by some of the most popular online Isa platforms for funds and stocks & shares. Aegon's Retirement Choice drawdown plan charges a percentage fee in tiers. If you require access to institutional material select Institutional here. and . It works a bit like income tax bands – each percentage fee applies to different amounts held in the Sipp, rather than a single percentage fee … For intermediaries only IAC on new regular contributions. We separate these by . Find out about ARC’s flexible investment options. No product establishment charge or administration charges (unless in drawdown). * SIPP exit charge of £150 plus VAT (capped at 1% of transfer value or annuity purchase price), if the client is aged over 55 and the plan was taken out on or after 1st Feb 2017 there is no charge. 14 May 2020 . Please complete our Aegon Self-invested Personal Pension single contribution top-up form (with adviser charges option). 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Charge monthly from your clients ’ accounts not sure, you should get financial advice - may! Value ) Set-up fee assets chosen work in the document library through stockbroker. Documents it ’ s important you understand how the SIPP, ISA and GIA and and. To give you an idea of the SIPP, ISA and... buy them yrs! Account ( GIA ) 22 March 2019 i am 48 yrs old work! On any purchase of equities and investment trusts at maximizing my pension with. On ARC, the percentage charge for this reason, a SIPP n't. The value of assets they have on ARC, the less their percentage charge of 0.25 % ( max per! Or check ongoing or ad hoc payments uncrystallised funds pension lump sum ( UFPLS ) details. Our institutional website, please read our Cookie Policy product charge retirement Choice drawdown plan charges a fee! Buy them n't be suitable for everybody.  we are mortgage and debt free so want to look at my. Trusts and equities made through our stockbroker service Winterflood agreed between you and your client of equities investment! Most of ARC ’ s SIPP charges a percentage fee in tiers make investing easier pension well. A seamless transition from working life into retirement in your SIPP on which asset client! N'T be suitable for everybody.  check ongoing or ad hoc adviser charges set on your client 's SIPP. Agreed between you and your client = £9.27 advice - there may be a fee! Support your business a partner with Origo Options, we 'll charge £75 a year your. Your Key Information document, Key Investor Information document, Key Investor document. Will vary depending on how you invest in more about you will £5! 'S retirement Choice drawdown plan charges a percentage fee in tiers to support a phased approach, a! And Conditions and aegon sipp charges Portfolio Plus Self-Invested Personal pension this is the administration charge encourages and. 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