Hi All
Have attached details of my pension charges below on an Executive Pension Plan and was wondering if these are "Normal" if that is the correct word.
Exactly what is the difference between Initial units and Accumulator units
Any advice appreciated..............Fund has been in place since 1994
Bid / Offer Spread 5%
Management Charge 4.75% PA - Initial units
0.75% PA – Accumulator units
Policy Fee £3 per month
Pension Board Fee £5
Note: Initial units transfer at Maturity rate
Bonuses:
Premium allocation 9Over £3,000) 100.5%
5% of fund after 10 years in force – to both initial and accumulator units
0.5% PA from year 11 onwards - fund based
3.5% Maturity Bonus - Fund Based
Have attached details of my pension charges below on an Executive Pension Plan and was wondering if these are "Normal" if that is the correct word.
Exactly what is the difference between Initial units and Accumulator units
Any advice appreciated..............Fund has been in place since 1994
Bid / Offer Spread 5%
Management Charge 4.75% PA - Initial units
0.75% PA – Accumulator units
Policy Fee £3 per month
Pension Board Fee £5
Note: Initial units transfer at Maturity rate
Bonuses:
Premium allocation 9Over £3,000) 100.5%
5% of fund after 10 years in force – to both initial and accumulator units
0.5% PA from year 11 onwards - fund based
3.5% Maturity Bonus - Fund Based
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