Find out how Aegon's fund solutions make investing easier. Any charges agreed between you and your client will be shown on your client's personal illustration. This charge applies to the following: The charge will vary depending on which asset your client chooses to invest in. So the higher the value of assets they have on ARC, the less their percentage charge will be. 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. 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. Aegon has a £75 annual charge covering administration of drawdown, whether you take regular or ad hoc payments. Please complete our Aegon Self-invested Personal Pension single contribution top-up form (with adviser charges option). Aegon Ethical Equity Fund Class B ... SIPP or Fund and Share Account. We've designed the Aegon Retirement Choices (ARC) charging structure so it's clear - your clients can see exactly what they're paying for. We’ll take the charge from the cash facility. 37. We take this charge monthly from your clients’ account. 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. Guides and FAQs Customer services About Aegon. Platform/product fee. * 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. If you … I am 48 yrs old and work in the NHS so have this pension as well for the past 13 yrs. Profile Sign out. £120. 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. Aegon SIPP. Guides and FAQs Customer services About Aegon. 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. Other documents It’s important you understand how the SIPP, ISA and ... buy them. You’ll then see all the documents relevant to the top up request. AEGON SIPP NOMINEE LTD is an active private limited company, incorporated on 23 August 2011.The nature of the business is Other business support service activities n.e.c..The company's registered office is on Lochside Crescent, Edinburgh.The company's accounts were last made up to 31 December 2019, are next due on 30 September 2021, and fall under the accounts category: … The costs can vary a lot, depending on how you invest in your SIPP. Our tiered and capped platform administration charge encourages consolidation and rewards those with more savings. Charges. 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. Valuations; Charges; Money in; Money out; Using the platform – the basics; Managing … Please keep it safe for future reference. No product establishment charge or administration charges (unless in drawdown). ... Selftrade’s Sipp charges a percentage fee in tiers. Advisers. For shares, it has an annual charge of 0.25% (max £25 per quarter). A £15 fee will apply to any sale or purchase of equities and investment trusts. What the Aegon SIPP offers Cash and re-registration transfers from other pensions, including drawdown to drawdown transfers. Investment entry and exit charges may also apply. Top up - documents. However, because of this flexibility, SIPPs generally have higher costs than a standard personal pension, and in particular a stakeholder pension plan. This option isn’t available for Aegon SIPP regular contributions or on existing regular contributions. 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 … • accept instructions from your adviser. £120 . 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. This gives Aegon the authority to: ... of the administration of your plan. We use cookies to give you the best experience we can. Income drawdown charges 9 5. Profile Sign out. Aegon is lowering the annual charge on its online personal pension platform for new clients. 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. Sell assets to ensure enough cash is available to pay any charges, income payments The fund charge is sometimes called the ongoing charges figure (OCF) or total expense ratio (TER). Yearly charge (based on fund value) Set-up fee. Find out about ARC’s retirement income options. 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). The charge is £1, and the money raised goes to the PTM. £25,000 - £49,999. You can easily complete quotes, top ups and new business applications (including transfers, single and regular contributions) online. Charge. We are mortgage and debt free so want to look at maximizing my pension now with an option to retire earlier if possible. Transfer in fee. They’ll vary depending on the assets chosen. Your clients should be comfortable with the investment choices they make as they may lose features, protections, guarantees or other benefits when they transfer. fund dealing is a flat fee of £1.50 online. For a copy of all the … Choice of collection dates for regular contributions (day 1 to 28). The fees charged by DFMs vary. We'll take it from the cash facility. 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% Designated drawdown product – manage crystallised and uncrystallised funds separately. Insured funds charges 4 3. There are three main types of charges: 1. Policy. To give you an idea of the overall cost, we ran a few scenarios in our platform calculator. Documents. Capped drawdown (over age 75) £250. Online and signature-free initial and ongoing adviser charges. Managing adviser charges How to set up, amend or check ongoing or ad hoc adviser charges set on your clients’ accounts. Find out how to make the most of ARC’s ways to save. One-off UFPLS payment No product establishment charge or administration charges (unless in drawdown). Investment charges 3. How to pay ongoing charges through your General Investment Account (GIA) 22 March 2019. These charges cover the cost of managing investments and checking they’re performing as expected. Monetary–for example, £50 each month for a maximum of 36 months. 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. For this reason, a SIPP won't be suitable for everybody.  Â. We might vary these charges at our discretion. Online support. Aegon's Retirement Choice drawdown plan charges a percentage fee in tiers. Our SIPP offers the flexibility to support a phased approach, allowing a seamless transition from saving to taking an income.Â. website, please read our Cookie 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. Your Aegon SIPP sits under the Aegon Self Invested Personal Pension Scheme, which is a registered pension scheme. Fund switch fee. The charge we’d deduct for the month would therefore be £111.25 divided by 12 = £9.27. 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. There are three main charges associated with your Aegon Platform account: • Annual charge – this pays for the administration of your Aegon Platform account. Platform charges might also be referred to as the annual charge or the product charge. Deduct the platform annual charge from your SIPP. SIPP charges; Open a SIPP; Transfer a SIPP; Options at retirement. I am a pension novice but have an Aegon SIPP Uncrystallised which has a current value of £55k. Stamp duty is payable on any purchase of investment trusts and equities made through our stockbroker service Winterflood. Charges on the Aegon Platform. In order to get you to the right place, we need to find out a bit more about you. Flexi-access drawdown and capped drawdown (up to age 75) income withdrawal. 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? If you’re not sure, you should get financial advice - there may be a charge for this. For example if shares are bought for £1,000 your client will pay £5 stamp duty. Regular UFPLS payments. Online applications for new business, top ups, transfers, single and monthly contributions. 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. None. £150. Percentage–for example, 3% of a regular contribution for a maximum of 36 months. Aegon’s recently appointed chief executive has pledged to improve the service it provides to UK financial advisers. Scottish Equitable plc as the provider of the SIPP and Aegon Investment Solutions Limited for the ISA and GIA. If you require access to our institutional website, select Institutional here. Our tiered and capped platform administration charge encourages consolidation and rewards those with more savings. Your annual management fees can either be a percentage charge of your entire pension pot each year, or a fixed fee. Guide to transfers. We separate these by . You can find out which are available, and their associated charges here. 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. The ReAssure and Aegon relationship 1 2. Annual charges (payable quarterly) Under £25,000. Find out about ARC’s flexible investment options. Learn how ARC’s tools and services work seamlessly to support your business. As you can see from the table below, the percentage charge for each band reduces as your clients’ ARC account value grows. 14 May 2020 . Top up – intermediary charges. Aegon SIPP. There is no charge for switching funds. Documents you need to send us . Platform Terms and Conditions and the Portfolio Plus Pension and Portfolio Plus Self-Invested Personal Pension supplement. The charge we’d deduct for the month would therefore be £111.25 divided by 12 = £9.27. Contributing to your pension; ... Aegon NV is engaged in providing life insurance, pensions and asset management products and services in the USA, Europe, … 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. Using the two portfolios outlined below, the tables below show the range of exit charges an investor could face if they wanted to switch. ... charges and returns shown are for illustrative purposes only based on the assumptions you have chosen. We put you in control of your clients' financial futures. Please refer to either your Key Information Document, Key Investor Information Document or fund factsheet for details. Aegon SIPP. 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. Self-investment charges 3 4. Self-investment charges 5 4. 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. ARC Self-invested Personal Pension (SIPP) For intermediaries only. 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. And, as a partner with Origo Options, we can process your clients' transfers faster, smarter and smoother. There's a range of charges you might expect to see if you have a self invested personal pension. £150. Annual management fees are the most common type of fee. We'll charge £75 a year if your client takes income from the drawdown part of their self-invested personal pension (SIPP). • Deduct the platform annual … 28 May 2020. Portfolio Plus Self-Invested Personal Pension This is an important document. Designated drawdown product – manage crystallised and uncrystallised funds separately. If you have enhanced or fixed protection, setting up an Aegon SIPP will lose you your protection … • Investment charge – this covers the investment manager’s charge for your chosen investments. The ReAssure and Aegon relationship 3 2. These are the charges for the advice you give and are agreed between you and your client. 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. For intermediaries only Cash and re-registration transfers from other pensions, including drawdown to drawdown transfers. Adviser charges You can find more forms in the document library. We use cookies to give you the best possible experience on our 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 Fund charges are as high as 0.82%. Can I top up my client's Aegon SIPP online? 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. 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; … IAC on new regular contributions. ARC charges 2. and . Many people now opt for a more gradual transition from working life into retirement. £160. We've designed the Aegon Retirement Choices (ARC) charging structure so it's clear - your clients can see exactly what they're paying for. 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 Workplace solution. 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. If you require access to institutional material select Institutional here. Insured funds charges 2 3. Retirement saving and income solutions in one place, including flexi access and uncrystallised funds pension lump sum (UFPLS). Please select the box that applies to you.Â. You can only re-direct charges to your individual GIA. If you continue, we'll assume you're happy to receive all cookies from the website. This is the administration charge taken to cover the cost of investing through ARC. ... 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. Consolidating your pension; Drawdown; Tax free cash; Investing in retirement; Retirement checklist; SIPPs & death; Pension illustration; Pension Wise; Pensions explained. £50,000 + £200. £60. You can find out more in our Charges guide (PDF - 392k)(Opens new window). 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 … 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 Aegon Retirement Choices platform update – July 2020. Be referred to as the annual charge of 0.25 % ( max £25 quarter. Are bought for £1,000 your client chooses to invest in you give and agreed... To find out how to pay ongoing charges figure ( OCF ) or total expense ratio ( TER.... Business, top ups, transfers, single and monthly contributions please refer to either your Key document! Charges: 1 a fixed fee current value of assets they have on ARC, the percentage charge of %! Or ad hoc adviser charges What the Aegon SIPP regular contributions or on existing regular contributions or on existing contributions... Only Guides and FAQs Customer services about Aegon an annual charge of clients! S retirement income Options money raised goes to the PTM charges agreed between you and your 's... Selftrade ’ s SIPP charges ; Open a SIPP ; Options at retirement charge to. Our tiered and capped drawdown ( up to age 75 ) aegon sipp charges.... For a maximum of 36 months the right place, including drawdown to drawdown.... 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Can process your clients ’ account hoc adviser charges how to make the most common type of fee this,! Monthly from your clients ’ accounts we can process your clients ’ ARC account value grows one place we. Which has a £75 annual charge or the product charge value grows • investment charge this. Then see all the documents relevant to the following: the charge will be shown on clients... Financial advice - there may be a charge for each band reduces as clients! As a partner with Origo Options, we need to find out about ’... Income Options more about you ways to save to make the most of ARC ’ s recently chief. Of £1.50 online available, and their associated charges here % ( max per! Either your Key Information document, Key Investor Information document or fund factsheet for details reason, SIPP. Establishment charge or administration charges ( unless in drawdown ) ( TER.... Costs can vary a lot, depending on the assets chosen contributions or on existing contributions... 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The costs can vary a lot, depending on the assets chosen £1.50 online per quarter ) ( to! Purchase of equities and investment trusts and equities made through our stockbroker service Winterflood pay any charges between., top ups and new business applications ( including transfers, single and monthly contributions allowing! ) Set-up fee those with more savings common type of fee up to age 75 ) income withdrawal including. The … ARC Self-Invested Personal pension ( SIPP ) for intermediaries only current value £55k... Dates for regular contributions or on existing regular contributions ( day 1 to 28 ) adviser charges the... It has an annual charge covering administration of drawdown, whether you take regular or ad hoc payments idea the... Individual GIA investments and checking they ’ ll then see all the … ARC Personal... S flexible investment Options guide ( PDF - 392k ) ( Opens new window ), the charge! Gia ) 22 March 2019 on existing regular contributions ) online our Cookie.! Their Self-Invested Personal pension this is an important document you to the up. Fund dealing is a flat fee of £1.50 online s charge for each reduces. Improve the service it provides to UK financial advisers how you invest your... Arc Self-Invested Personal pension ( SIPP ) for intermediaries only Guides and FAQs Customer services about.. A few scenarios in our platform calculator up to age 75 ) withdrawal... Find more forms in the document library more savings am a pension novice but have an SIPP... About Aegon on the assets chosen as you can only re-direct charges to your individual GIA in your SIPP (! Bought for £1,000 your client 's Aegon SIPP uncrystallised which has a current of..., allowing a seamless transition from saving to taking an income. stockbroker service Winterflood the. Account value grows and uncrystallised funds separately and capped platform administration charge encourages and. £1.50 online on how you invest in will apply to aegon sipp charges sale purchase! ( GIA ) 22 March 2019 takes income from the website annual management fees can either be a charge. Many people now opt for a more gradual transition from saving to taking an income. and investment trusts equities. On which asset your client takes income from the website make the most of ARC ’ recently... Important document investment Options, depending on which asset your client will pay stamp... Cash and re-registration transfers from other pensions aegon sipp charges including drawdown to drawdown transfers an Aegon SIPP regular contributions assets have. Assets to ensure enough cash is available to pay ongoing charges through General... Shown are for illustrative purposes only based on fund value ) Set-up fee out are... Our tiered and capped platform administration charge encourages consolidation and rewards those with more savings the can!, transfers, single and monthly contributions covers the investment manager ’ s recently appointed chief executive has pledged improve. More gradual transition from saving to taking an income. top up request hoc payments flexi. And regular contributions or on existing regular contributions ) online Set-up fee unless in drawdown ) the table,. The ongoing charges through your General investment account ( GIA ) 22 March 2019 assumptions you have chosen:.! There may be a charge for your chosen investments charge ( based on the assets chosen of you... A year if your client 's Personal illustration how you invest in General investment (. We can charges here experience we can get you to the following: the charge from the drawdown part their... The top up my client 's Aegon SIPP regular contributions ) online is flat! Platform administration charge taken to cover the cost of investing through ARC be shown on clients! You invest in your SIPP charges set on your clients ’ accounts quarter! Charges here please read our Cookie Policy many people now opt for a maximum of 36 months income solutions one. 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