Cavendish Online have created a pension powered by FundsNetwork.
We are able to offer one of the lowest cost pensions in the market with an annual fee of just 0.25%.

You have access to over 3,500 funds on the FundSupermarket and only pay the fund charge and the annual fee of 0.25% (made up of a 0.20% platform fee to FundsNetwork and a 0.05% ongoing fee to Cavendish Online). 

This reduces to an annual fee of 0.20% if the total value of all of your FundSupermarket accounts (Pension, ISA etc) exceed £200,000.

On typical funds the charges will be broken down as:
Fund Charge 0.75%, FundsNetwork fee 0.20%, Cavendish Online fee 0.05% = Total Charge of 1.00% per year

On typical tracker funds the charges will be broken down as:
Fund Charge 0.10%, FundsNetwork fee 0.20%, Cavendish Online fee 0.05% = Total Charge of 0.35% per year

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Charges

The Cavendish Online FundSupermarket Pension offers a great range of investment options at an extremely competitive cost.


The following shows the three charges you will pay:

% Annual Charges
0.6-0.75% Typical Fund Manager Charge
0.20%* FundsNetwork Platform Charge
0.05% Cavendish Online Ongoing Fee

*This charge will decrease to 0.15% once you have over £200,000 in your FundsNetwork accounts (ie Pension, ISA etc).

More information on charges

Some fund managers impose a dilution levy or fund manager buy/sell charge on some of their funds, please check the fund's KIID document if you require clarification for a particular fund.

Additional fees apply to deals in Investment Trusts and Exchange Traded Products. Click here for further information.

Tracker funds start from 0.06% but the majority of funds on the platform will have a fund manager charge of 0.75% to 1.00% so typically the total charge on your pension will be between 1.00% and 1.25%.

 

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We believe that this offers you great value considering you will have access to over 3,500 of the most popular funds and you will have online access to view and analyse your pension. There are no initial charges, no switching fees (for funds) and no exit fees.

The FundsNetwork Platform Charge and Cavendish Online Ongoing Fee will be calculated based on all holdings within the pension. They will be debited from your pension cash holding if you have a sufficient balance, otherwise by selling sufficient units in your largest fund holding.

 

Features & Funds
 

  • A full range of tax benefits
    Receive tax relief on your contributions, tax-efficient growth for your investments and tax advantages when you retire.
  • Fund choice 
    Select from over 3,000 investment options from 85 providers. 
    You will have access to all of the funds on the FundsNetwork platform. Please click here to view the available funds and associated charges.
  • Value for money 
    No set up or administration fees, no initial charges on funds and a service fee of just 0.25%.* 
  • Flexibility while saving 
    Start, stop, increase or decrease your monthly payments whenever you want, plus transfer in benefits from other pensions you hold.

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  • Low minimum contributions
    If you wish to make a monthly contribution the minimum amount is £50 gross (£40 net). 
    The minimum lump sum contribution is £1000 gross (£800 net).
    If you are transferring from another pension the minimum cash transfer amount is £10,000 whereas for an in-specie re-registration the minimum is £50,000.
  • A consolidated view 
    You will be able to see the current value of your pension alongside other investments you may hold with us.
  • Online access
    You will be able to view and analyse your pension online. You can also top up or switch funds within your pension online.
  • Pension drawdown
    For the time being it is not possible for the Cavendish Online FundSupermarket Pension to go into drawdown. Please see the FAQ section for further information.

What our customers say

Over 3,000 funds from over 150 providers...

  • Legal And General
  • Fidelity International
  • HSBC
  • Invesco Perpetual
  • Jupiter
  • Vanguard
  • Woodford