The Independent Governance Committee (the “IGC”) provide independent oversight for workplace personal pension plans and have a duty to act solely in the interests of policyholders and ensure that you receive value for money.
As part of this commitment, the IGC considers the costs and charges you pay to ReAssure for the ongoing administration of your workplace pension. The costs and charges are a vital part of our overall assessment of value for money, as they reduce the amount of your end pension pot, so need to be justified against the benefits delivered to employer arrangement members.
Workplace pensions can be invested in a wide range of different funds, and the costs and charges can vary from fund to fund.
Costs and charges – shows the range of costs and charges paid by employer arrangements, and members, for all available ReAssure unit-linked funds, including unitised with-profits funds. Customers invested in conventional with-profits funds (also known as traditional with-profits funds) can find information about their specific fund, and any charges applying, in the fund centre or in their annual statement.
Illustrations – shows how costs and charges could affect the future value of your pension if you’re invested in one of ReAssure’s main investment funds (the 39 largest available funds – which make up 70% of the total assets under management, plus the UK Global and Equity Tracker (Universal) fund).
