The funds Retiready Solutions Pension 2 to 5 have an investment charge of 0.38% a year (as at March 2024). Retiready Stability has an investment charge of 0.89% a year (as at end December 2023). Please note: Retiready Stability, and Retiready Solution Pension funds 2-5 are only available to existing pension investors.

The reason Retiready Stability is more expensive than Retiready Solutions Pension 2 to 5 is that it invests in a blend of three absolute return funds and the cost of accessing these funds is higher. Absolute return funds tend to be more expensive than more traditional funds because of the broad range of investments they can access and the strategies they use to aim to achieve positive returns whether markets go up or down.

The main aim of investors with a low risk appetite is often to preserve existing savings, rather than to grow them over the long term. That's why we've taken a different approach for Retiready Stability, as the lowest risk fund in the range, than we have used for the other funds in the range.

We’ve chosen these types of investments for the Retiready Stability fund, as opposed to a cheaper, cash alternative because we believe that the extra costs involved will be justified by above cash returns over the medium to long term, although there are no guarantees.

The investment charge is taken directly from the fund price rather than the cash facility. You will also pay a charge for using our Retiready service, which is in addition to the investment charge. You can see the full details of percentage charges that apply to your account in your Illustration document. Once logged on you can access this via the Savings tab by clicking on your Pension or ISA and selecting the Document’s tab.

If you’re a workplace customer, or have recently been transferred from your Aegon pension to Retiready, you could be invested in other funds so your investment charge may be different.

To find out the charges that apply to you, please see the illustration within your online document library. Charges may vary in the future.

The value of an investment can fall as well as rise and isn't guaranteed. The final value of your pension pot when you come to take benefits may be less than has been paid in.

Please note that the underlying funds that our Retiready Pension 2-5 invests in changed as at March 4 2024. This means that they now invest differently to the Retiready Solution ISA funds. Find out more.