Aegon Scottish Equitable Stakeholder Pensions

Charges

Annual Management Charges

Aegon Scottish Equitable

 
Payment type Using Cavendish Direct to Aegon
Regular premiums 0.60% 1.50%*
Single premium or transfer 0.50% 1.50%*

*This will reduce to 1.00% after 10 years

Application Criteria

Min / Max Contributions

  • Minimum regular contribution is £16 net (£20 gross) per month. Monthly payments by direct debit can be altered once the plan begins by contacting the provider.
  • No minimum transfer or lump sum required.
  • The maximum amount you can pay into your registered pension schemes in any tax year is 100% of your UK taxable earnings. (Maximum for a non- earner is £2880 net (£3600 gross)).

 

Age Limits / restrictions

  • To apply for a Scottish Equitable Personal Pension you must be between 0 – 74yrs and a UK resident, Crown servant or the spouse or registered civil partner of a Crown servant.
  • There is no minimum term on the pension. All payments into the plan must cease by age 75. Benefits must be taken by age 75.
  • If you are under 18, the personal pension must be taken out by a legal guardian on your behalf.
  • The same application form is used for both adults and minors.

Fund Options

Your pension fund is invested by experts on your behalf. However, you have a considerable degree of control over the way in which this happens.

 

AEGON Scottish Equitable has 57 funds available from which you may choose up to 10 to invest in.

 

Each fund has been allocated one of six risk classifications, from minimal to higher risk, to help you choose the funds you want. The risk classification allocated is relative to the entire AEGON Scottish Equitable fund range and based on the fluctuation in historic values and each fund's defined objectives. The risk rating for each of our funds is based on its risk relative to other funds in our full fund range. It’s not its risk compared against industry benchmarks. You can choose from a number of highly regarded and respected fund management companies.

 

Alternatively, you can choose our lifestyle investment strategy, which aims to build your pension fund in the earlier years, then protect its purchasing power as you near retirement.

 

Documents

 

Fund Guide

Why Aegon

To find out more about the Aegon Scottish Equitable Stakeholder Pension please visit their website. You will need to return to Cavendish Online to apply and get the discount.

 

 http://www.aegon.co.uk/Pensions/saving-for-retirement/Stakeholder-pension/index.htm

 

Please also read the Aegon Scottish Equitable Stakeholder Pension Key Features:

 

Key Features

How to Apply

NEW PENSION

To apply please post all the following to 'FREEPOST Cavendish Online':
 
  1. Application Form
  2. Client Declaration
  3. A cheque for your contribution and / or direct debit mandate form(s), made payable to the pension company.
  4. Money Laundering Verification Documents*
  5. Our £35 fee (cheque to Cavendish Online or pay online). £40 if you would like your ID documents returned via registered post.
 
NEW PENSION & TRANSFER

If you are also transferring an existing pension please send the following in addition to the items above:
 
  1. Transfer Form
  2. A Transfer Valuation and / or Discharge Forms**
  3. Our Transfer Fee***
 

* Money Laundering Identification (MLI)
 

You will need to submit Money Laundering Information in the form of certified copies# or originals of either your passport OR driving licence (if you have a photo licence we need to see both the card and paper parts) AND a recent utility bill or bank statement issued within the last 3 months (not mobile phone) showing your address.

 

Company MLI: If your employer is paying into your pension then we will also require a letter from the company on headed paper stating that they are paying into your plan and listing the main signatories/directors. We also require proof of the company address, i.e. a utility bill.
 
Pension for a minor: If you are setting up a pension for someone under 18 years old then please send money laundering information for them. We require the original or certified copy* of either their birth certificate OR passport. We will also require full MLI for the person paying the premiums.
 
#A certified copy is where a person of authority (solicitor, teacher, director, post office clerk etc) signs a copy of the original document stating that it is a true copy of the original document. They will need to sign and date the document and add their name and position.
 
**Discharge Forms
Speak to your existing pension provider and let them know you are transferring the pension. They can then post these forms out to you. You may also want a comparative current valuation to check if you will lose any additional benefits by moving the money. The discharge forms can be obtained mid-transfer or can be requested by your new pension provider if you cannot access these forms although sending them in initially will speed up the process.
 
***Transfer Fees
£70 = New Pension Application + Single Transfer                                   
£75 = New Pension Application + Single Transfer + Recorded Delivery
£100 = New Pension Application + 2 or more Transfers (Inc RD) (Fees capped at £100)