Investment charges

Understanding the costs that are applied to your Retirement Account.

Investment charges are levied on your Retirement Account each year. These charges relate to the costs of investment advice, administration and management. They vary with the fund you select and depend on the underlying investment managers.

The Trustee reviews the charges regularly, with the help of their investment consultant, Schroders.

The size of the charge is related to the complexity of the fund, so it is hoped that the higher charges will be reflective of a better result in terms of risk and return.

The charges apply as a percentage of the value invested in the fund. For example, if you were invested in the Long-Term Growth Fund, there is a charge* of 0.353%. So for each £100 invested you would pay 35p a year.

*The charge includes all fixed provider costs and is a combination of Mobius Life charges for investment administration and Schroders' charges for managing the asset allocation of the fund. The charge can vary over time. Current fund values and quarterly reports for all the funds can be accessed through the Mobius Life investment microsite, which is available via the investment section of My Account.