WorkSave Buy Out Plan.

• Simple, single application to cover all scheme members.
• Members’ details can be provided electronically, securely via the Internet or in hard copy.
• Members have their own individual plans which they can manage online – including viewing the current fund value and making amendments.
• Each member can control their own plan, including switching between funds, deciding when to take their retirement benefits and transferring to another plan.

We currently offer:

• access to over 150 insured funds managed by various fund managers
• a choice of lifestyle profiles
• your choice of a default investment option of one or more funds for members

Remember, the value of investments can go down as well as up and is not guaranteed.

Any money invested in the plan is tied up until members take their benefits.

The Annual Management Charge (AMC) is set by our underwriting team and can be a single flat rate or tiered rates. Current rates range from 0.2% to 0.9% each year.

The Fund Management Charge (FMC) is taken from each fund and is reflected in the unit price. Current rates range from 0.08% to 1.85% each year. We invest 95% to 100% of the purchase price depending on the plan.

Additional charges:

We expect transfers of at least £2,000 for each member. We may impose a charge per member where this condition is not met.

Currently there are no charges for making fund switches or transferring to another plan.

Charges for income drawdown include:

• one-off set-up fee: £100
• annual fee: £100
• no annual fee if no income payments for 12 months
• varying the income payment: £50
• cheque payments: £35