This tool can help you
Are the charges you pay for your workplace pension scheme reasonable? To find out, you need some basic information and a way to use it.
This tool makes it easier for you to see the charges and costs associated with your pension scheme and the effect they have over time.
To cover running your pension and investing your money, charges are deducted from the value of your pension. These reduce the potential
investment returns from your pension pot.
Know the difference between charges and costs
Here's how the charges and costs break down:
-
Administration Charges - These are charges made by Aviva to run the pension scheme and those made by professional fund managers who
manage the funds your pension invests in. Added together, the total is known as the 'Total Expense Ratio'.
-
Transaction Costs - These are the costs incurred as a result of the buying, selling, lending or borrowing pension fund investments.
Take a look
Type in your plan number to see what charges and costs are applied to your pension scheme.
Where's my plan number?
You'll find it in your plan documents, annual statement, email or letters we've sent you.
Your plan 'number':
- Should contain a mixture of letters and numbers.
- May also be called a 'policy number', 'account number' or 'membership plan number'.
