What is Retiready’s investment charge?
Updated 13 January 2017
This will depend on the fund your Retiready pension and/or ISA is invested in.
The funds Retiready Solutions 2 to 5 have an investment charge of 0.38%. Retiready Stability has an investment charge of 0.82%. Please note: Retiready Stability is only available to pension investors.
The reason Retiready Stability is more expensive than Retiready Solutions 2 to 5 is that it invests in a blend of four 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 help produce positive returns in all market conditions.
We’ve chosen this type of solution as opposed to a cheaper, cash alternative because we believe that the extra costs involved will be justified by steadier, above cash returns over the medium to long term, although there are no guarantees.
If you’re a workplace customer, or have recently been transferred from your Aegon pension to Retiready, your investment charge may be different.
The investment charge is taken directly from the fund price rather than the cash facility.
Charges might vary in the future.