Charges | AEGON Secure

By: Aegon  05/12/2011
Keywords: Financial Adviser, Income Option

Here you can find out about the charges that apply to AEGON Secure Income.

How much we charge depends on the guarantee(s) and fund(s) you’ve selected. Your policy schedule will clearly show what guarantee options you chose.

Guaranteed income option only

The table below sets out our charges for plans taken out from 13 June 2011 to date.

It also shows our guarantee option fee where only the guaranteed income option has been selected.

Fund Guarantee option fee Fund Guarantee option fee
50/50 Core Portfolio 0.70% 50/50 Multi-Manager Portfolio 0.90%
60/40 Core Portfolio 0.45% 60/40 Multi-Manager Portfolio 0.60%
70/30 Core Portfolio 0.25% 70/30 Multi-Manager Portfolio 0.35%
80/20 Core Portfolio 0.20% 80/20 Multi-Manager Portfolio 0.25%
Cash 0.15%    

Guaranteed income and guaranteed death benefit option

The table below sets out our charges for plans taken out from 13 June 2011 to date.

It also shows our guarantee option fee where the guaranteed income and guaranteed death benefit option has been selected.

Fund Guarantee option fee Fund Guarantee option fee
50/50 Core Portfolio 1.20% 50/50 Multi-Manager Portfolio 1.40%
60/40 Core Portfolio 0.75% 60/40 Multi-Manager Portfolio 0.90%
70/30 Core Portfolio 0.45% 70/30 Multi-Manager Portfolio 0.55%
80/20 Core Portfolio 0.30% 80/20 Multi-Manager Portfolio 0.35%
Cash 0.20%    

Cash-in charges

Whether we apply a cash-in charge or not depends on the charging structure you and your financial adviser selected when you took the plan out.

Your charges schedule clearly shows if a cash-in charge applies.

Switching charge

We give you 12 free switches a year. One free switch covers the sale and purchase of funds.

We’ll charge £25 for each switch over and above the limit. We reserve the right to change this amount.

Please note: changing the funds you’re invested in could also change the guarantee option fee you pay.

Before changing the fund(s) you’re invested in, we recommend you speak to your financial adviser.

Valuation charge

Each year we'll issue you a yearly statement. You can have a further three statements each plan year on top of that and we don’t charge you for these.

We’ll charge £40 for each valuation statement request over and above the four free statements each plan year.

Next steps

Contact your financial adviser for a copy of our support literature and to arrange for a personal illustration.

The information in this article was current at 02 Dec 2011

Keywords: Financial Adviser, Income Option

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