Terms and conditions for 25% discount on the service charge on Retiready products
Updated 28 April 2016
These terms and conditions apply to the offer being made to existing Aegon customers. In this document:
‘You’ means an individual who has an existing Aegon Pension and has received a letter from us offering a 25% discount on the Retiready service charge.
‘We/us’ mean Aegon (a trading name of Scottish Equitable plc).
1. Discount on the Retiready service charge
You will receive a 25% discount on the service charge due on a Retiready product for the lifetime that you hold that product. To be eligible, you must quote promo code ‘SAVE25’ when you take out a Retiready Pension or ISA by 31 January 2015. The service charge may vary from time to time and you will be eligible for a 25% discount on the service charge.
For example, if the service charge for your Retiready Product is 0.5% each year, the actual service charge you will pay will be 0.37%. If the service charge changes to 0.4% each year, the new service charge you will pay will be 0.3%.
To avoid any doubt, there is no discount to the fund management charge or investment charge Retiready customers pay, these charges will be payable in full.
2. Changes to the offer
We may make changes to this offer at any time but any change will not affect any Retiready Pension that is taken out before the date of the change.
This offer is not to be used in conjunction with any other offer from us.