Cavendish Online have agreed new terms with FundsNetwork™ for the Cavendish Online Fund Supermarket which are lower than you are currently paying for the Aegon/Cofunds platform.

You can find further information regarding the changes below. If you have any questions then please get in touch.

Comparison of the Aegon/Cofunds and Cavendish Online Fund Supermarket platform charges:
 

Aegon/Cofunds platform charge

Investment value

Aegon (Cofunds) platform charge

Less than £100,000

0.29%

>£100,000 to £250,000

0.26%

>£250,000 to £500,000

0.23%

>£500,000 to £1,000,000

0.20%

>£1,000,000

0.15%


Cavendish Online Fund Supermarket (powered by FundsNetwork™) platform charge

Investment value

Cavendish Online Fund Supermarket platform charge

Less than £200,000

0.25%

More than £200,000

0.20% on the entire balance

 

For example, if a client had a Aegon/Cofunds account valued at £300,000 they would be paying Aegon/Cofunds 0.29% on the first £100,000, 0.26% on the next £150,000 and 0.23% on the next £50,000. This works out as a ‘blended rate’ of 0.265%.

If the same client moved that £300,000 account to the Cavendish Online Fund Supermarket they would pay the reduced platform charge of 0.20% on the entire account, not just on the balance over £200,000.

To move your Aegon/Cofunds account to the Cavendish Online Fund Supermarket, please click here.

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