Aegon (Personal) Stakeholder & Personal Pensions

Charges

Annual Management Charges

Aegon Scottish Equitable

(Not Tiered*)
Pension Fund Using Cavendish Direct to Aegon
£0 - £14,999 0.90%

Not available direct.


Only available through Financial Advisers
or other brokers where a fee
would be added to the pension.

£15,000 to £49,999 0.50%
£50,000 to £149,999 0.40%
Over £150,000 0.35%

Certain funds may have an additional fund charge. Please see the fund guide below for details.
*Not Tiered means that once you reach each threshold the whole pension will be charged at the lower rate.

Application Criteria

Min / Max Contributions

  • The minimum regular contribution to start an AEGON Scottish Equitable Flexible Pension Plan is £80 net (£100 gross) per month.
  • The minimum lump sum payment is £2,000 net (£2,500 gross) and the minimum transfer from another pension is £2,500.
  • 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 (£3,600 gross)).
  • Monthly payments by direct debit can be altered once the plan begins by contacting the provider.

 

Age Limits / restrictions

  • To apply for a Scottish Equitable Personal Pension you must be between 18 – 74yrs and a UK resident, Crown servant or the spouse or registered civil partner of a Crown servant.
  • There is no minimum term on this pension. All payments into the plan must cease by age 75. Benefits must be taken by age 75.

Fund Options

Whether you’ve got a cautious approach to retirement planning, or you’re happy to be a bit more adventurous, Scottish Equitable offers a range of investment funds to suit you. Each fund has its own risk-rating to help you understand its investment aims.

 

Choosing where to invest your pension fund is an important decision. You should review your investment strategy regularly, to make sure that the choices you made when you set up your plan are still right for you.

 

Documents

 

Fund Choices

NOTE: Once on this page please choose 'Pension - Single price' to see the available funds

Why Aegon

For more information about the Aegon Scottish Equitable Flexible Personal Pension please visit their site by clicking here. You will need to return to Cavendish Online to apply and benefit from the discounts:

 

Please also read the Flexible Personal 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 the proceeds of an existing pension scheme please substitute the above application form (1) with the transfer form located below (1) in addition to the transfer valuation and/or discharge forms and our transfer fee:

 

  1. Transfer Form
  2. A Transfer Valuation and / or Discharge Forms**
  3. Our Transfer Fee***

 

* Money Laundering Identification (MLI)

 

To apply for certain products through Cavendish Online we will require money laundering identification. We will need to see original or certified (#) documents to prove your identity and your address. If you are applying jointly for a product we will need to see identification documents for each of you.

Either your passport or a UK driving licence would be suitable as proof of your identity.

With regards to your address, we suggest a recent bank statement or utility bill (within the last three months, and unfortunately not a mobile phone bill) These documents must have been posted to your home address, we cannot accept them if they have been printed from the internet. If you do not have a bank statement or utility bill then we can accept your passport to verify your identity and your UK driving licence to verify 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. an original or certified copy of a utility bill or bank statement dated within the last 3 months.

 

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. The person certifying the document must not be related to you or in a relationship with you or living at the same address as you.

 

**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)