FUND CHOICE AND FUND CHARGES

Transcription

1 FUND CHOICE AND FUND CHARGES PENSIONS Pension products which have a standard Annual Management Charge of 1% for most of our funds (please see note 9). (Stakeholder Pension charges are not included in this charges sheet). Scottish Widows, managed by a subsidiary of Aberdeen Asset Management plc Annual Management Charge () Total Annual Fund Charges () Scottish Widows Cash Scottish Widows Cautious Managed 1.200% 0.040% 1.240% Scottish Widows Consensus Scottish Widows Corporate Bond Scottish Widows Defensive Managed 1.200% 0.021% 1.221% Scottish Widows Diversified Assets 1.600% 0.000% 1.600% Scottish Widows Dynamic Property 1.250% 0.276% 1.526% Scottish Widows Emerging Markets 1.500% 0.000% 1.500% Scottish Widows Environmental Scottish Widows Ethical Scottish Widows European Scottish Widows European Real Estate 1.500% 0.000% 1.500% Scottish Widows Fixed Interest Emerging Markets Equity 1.000% 0.210% 1.210% Global Equity 1.000% 0.080% 1.080% UK Equity 1.000% 0.060% 1.060% Vol Index Emerging Markets Equity 1.000% 0.210% 1.210% Volatility Index Global Equity 1.000% 0.110% 1.110% Volatility Index UK Equity 1.000% 0.060% 1.060% Scottish Widows Global Equity Scottish Widows High Income Bond 1.500% 0.000% 1.500% Scottish Widows Indexed Stock 1.000% 0.001% 1.001% Scottish Widows International 1.000% 0.034% 1.034% Scottish Widows Japanese Scottish Widows Mixed 1.000% 0.021% 1.021% Scottish Widows North American 1.000% 0.006% 1.006% Scottish Widows Pension Protector Scottish Widows Property 1.000% 0.029% 1.029% Scottish Widows Specialist Global Equity 1.400% 0.429% 1.829% Scottish Widows Strategic Income Bond Scottish Widows UK All Share Tracker Scottish Widows UK Equity Scottish Widows UK Fixed Interest Tracker Scottish Widows UK Opportunities 1.500% 0.100% 1.600% Scottish Widows UK Real Estate 0.800% 0.399% 1.199% Scottish Widows Unitised With-Profits ** ** There is an equivalent charge for with-profit units which we currently expect to be at a yearly rate of about 1.000%, managed by other fund Allianz European Equity Dividend 1.000% 0.650% 1.650% Artemis UK Select 1.000% 0.820% 1.820% Artemis UK Smaller Companies 1.000% 0.840% 1.840% Artemis US Select 1.000% 0.860% 1.860% Aviva Investors High Yield Bond 1.000% 0.640% 1.640% Aviva Investors Multi-Strategy ('AIMS') Target Income 1.000% 0.850% 1.850% Aviva Investors Strategic Bond 1.000% 0.630% 1.630% Baillie Gifford Japanese Equity 1.400% 0.020% 1.420% Baillie Gifford Managed 1.300% 0.020% 1.320% Baillie Gifford Multi Asset Growth 1.000% 0.500% 1.500% Baillie Gifford North American Equity 1.400% 0.000% 1.400% BlackRock Gold & General 1.000% 0.995% 1.995% BlackRock Managed 0.850% 0.519% 1.369% BlackRock UK Fund 1.000% 0.870% 1.870% BlackRock UK Smaller Companies 1.000% 0.870% 1.870% BlackRock UK Special Situations 1.000% 0.870% 1.870% Fidelity 50:50 Special Situations 1.000% 0.945% 1.945% Fidelity American 1.000% 0.950% 1.950% Fidelity Asia 1.000% 0.990% 1.990% Fidelity European 1.000% 0.960% 1.960% Fidelity Global Special Situations 1.000% 0.950% 1.950% Fidelity Managed 0.850% 0.912% 1.762% Fidelity MoneyBuilder Income 1.000% 0.489% 1.489% Fidelity Special Situations (2006) 1.000% 0.940% 1.940% Henderson Fixed Interest Monthly Income 1.000% 0.726% 1.726% Henderson Global Equity Income 1.000% 0.990% 1.990% Henderson Cautious Managed 1.000% 0.689% 1.689% Henderson UK Property 1.000% 0.910% 1.910% Insight Global Absolute Return 1.000% 0.480% 1.480% Invesco Perpetual Corporate Bond 1.000% 0.760% 1.760% Invesco Perpetual Distribution 1.000% 0.863% 1.863% Invesco Perpetual Global Bond 1.000% 0.770% 1.770% Invesco Perpetual High Income 1.000% 0.920% 1.920% Invesco Perpetual Managed 0.850% 0.672% 1.522% Investec Cautious Managed 1.000% 0.590% 1.590% Investec Diversified Growth 1.000% 0.620% 1.620% JPM Emerging Markets 1.000% 0.855% 1.855% JPM Europe Dynamic (ex-uk) 1.000% 0.865% 1.865% JPM Global Macro Balanced 1.000% 0.805% 1.805% JPM Natural Resources 1.000% 0.855% 1.855% Jupiter Distribution 1.000% 0.763% 1.763%

2 , managed by other fund Jupiter Income 1.000% 0.940% 1.940% Jupiter UK Growth 1.000% 1.029% 2.029% Liontrust UK Smaller Companies 1.000% 1.416% 2.416% Newton Global Income 1.000% 0.735% 1.735% Newton UK Income 1.000% 0.440% 1.440% Newton International Bond 1.000% 0.350% 1.350% Newton Global Equity 1.000% 0.329% 1.329% Newton Managed 0.850% 0.340% 1.190% Newton Real Return 1.000% 0.734% 1.734% Nordea 1-GBP Diversified Return 1.000% 0.900% 1.900% Payden Absolute Return Bond 1.000% 0.400% 1.400% Royal London UK Equity Income 1.000% 0.660% 1.660% Schroder Diversified Growth 1.000% 0.700% 1.700% Schroder Gilt & Fixed Interest 1.000% 0.319% 1.319% Schroder Global Cities Real Estate 1.000% 0.910% 1.910% Schroder Income Maximiser 1.000% 0.910% 1.910% Schroder Managed 0.850% 0.400% 1.250% Schroder Tokyo 1.000% 0.910% 1.910% Schroder UK Alpha Plus 1.000% 0.910% 1.910% Schroder UK Mid % 0.910% 1.910% Schroder US Smaller Companies 1.000% 0.920% 1.920% SLI Global Absolute Return Strategies 1.000% 0.840% 1.840% SSgA 50:50 Global Equity Index SSgA Asia Pacific ex Japan Equity Index SSgA Emerging Markets Equity Index 1.000% 0.100% 1.100% SSgA Europe ex UK Equity Index SSgA Index Linked Gilts All Stocks Index SSgA Index Linked Gilts Over 5 Years Index SSgA International Equity Index 1.000% 0.005% 1.005% SSgA Japan Equity Index SSgA North America Equity Index SSgA Non Gilts Sterling Bond All Stock Index SSgA Strategic Diversified 1.200% 0.040% 1.240% SSgA UK Conventional Gilts Over 15 Years Index SSgA UK Equity Index Threadneedle UK Social Bond 1.000% 0.340% 1.340% Veritas Asian 1.000% 0.510% 1.510% Woodford Equity Income 1.000% 0.750% 1.750% Scottish Widows Balanced Portfolio 1.000% 0.620% 1.620% Scottish Widows Cautious Portfolio 1.000% 0.620% 1.620% Scottish Widows Opportunities Portfolio 1.000% 0.600% 1.600% Scottish Widows Progressive Portfolio 1.000% 0.600% 1.600% Diversity 1.400% 1.430% 2.830% Global Real Estate International Equity Select Boutiques UK Equity Focus UK Equity Growth UK Equity Income Scottish Widows Pension Portfolio 1.400% 1.100% 2.500% Scottish Widows Pension Portfolio One Scottish Widows Pension Portfolio Two Scottish Widows Pension Portfolio Three Scottish Widows Pension Portfolio Four Scottish Widows Pension Portfolio Five Scottish Widows Pension Portfolio A Scottish Widows Pension Portfolio B Scottish Widows Pension Portfolio C Portfolio Portfolio One Portfolio Two Portfolio Three Portfolio Four Portfolio Five Portfolio A Portfolio B Portfolio C Scottish Widows Adventurous Solution 1.650% 0.190% 1.840% Scottish Widows Balanced Solution 1.650% 0.270% 1.920% Scottish Widows Cautious Solution 1.350% 0.300% 1.650% Scottish Widows Defensive Solution 1.350% 0.310% 1.660% Scottish Widows Discovery Solution 1.350% 0.290% 1.640% Scottish Widows Dynamic Solution 1.650% 0.220% 1.870% Scottish Widows Strategic Solution 1.650% 0.260% 1.910%

3 Pension Products which have a standard Total Annual Fund Charge of 0.875% for most of our funds (please see note 9). (Stakeholder Pension charges are not included in this charges sheet). Scottish Widows, managed by a subsidiary of Aberdeen Asset Management plc Scottish Widows Cash Scottish Widows Cautious Managed 1.075% 0.040% 1.115% Scottish Widows Consensus 0.875% 0.016% 0.891% Scottish Widows Corporate Bond Scottish Widows Defensive Managed 1.075% 0.021% 1.096% Scottish Widows Diversified Assets 1.475% 0.000% 1.475% Scottish Widows Dynamic Property 1.125% 0.276% 1.401% Scottish Widows Emerging Markets 1.375% 0.000% 1.375% Scottish Widows Environmental Scottish Widows Ethical Scottish Widows European Scottish Widows European Real Estate 1.375% 0.000% 1.375% Scottish Widows Fixed Interest Emerging Markets Equity Global Equity UK Equity Vol Index Emerging Markets Equity Volatility Index Global Equity Volatility Index UK Equity 0.875% 0.210% 1.085% 0.875% 0.080% 0.955% 0.875% 0.060% 0.935% 0.875% 0.210% 1.085% 0.875% 0.110% 0.985% 0.875% 0.060% 0.935% Scottish Widows Global Equity Scottish Widows High Income Bond 1.375% 0.000% 1.375% Scottish Widows Indexed Stock 0.875% 0.001% 0.876% Scottish Widows International 0.875% 0.034% 0.909% Scottish Widows Japanese Scottish Widows Mixed 0.875% 0.021% 0.896% Scottish Widows North American 0.875% 0.006% 0.881% Scottish Widows Pension Protector Scottish Widows Property 0.875% 0.029% 0.904% Scottish Widows Specialist Global Equity 1.275% 0.429% 1.704% Scottish Widows Strategic Income Bond Scottish Widows UK All Share Tracker Scottish Widows UK Equity Scottish Widows UK Fixed Interest Tracker Scottish Widows UK Opportunities 1.375% 0.100% 1.475% Scottish Widows UK Real Estate 0.675% 0.399% 1.074% Scottish Widows Unitised With-Profits ** ** There is an equivalent charge for with-profits units which we currently expect to be at a yearly rate of about 0.875%., managed by other fund Allianz European Equity Dividend 0.875% 0.650% 1.525% Artemis UK Select 0.875% 0.820% 1.695% Artemis UK Smaller Companies 0.875% 0.840% 1.715% Artemis US Select 0.875% 0.860% 1.735% Aviva Investors High Yield Bond 0.875% 0.640% 1.515% Aviva Investors Multi-Strategy ('AIMS') Target Income 0.875% 0.850% 1.725% Aviva Investors Strategic Bond 0.875% 0.630% 1.505% Baillie Gifford Japanese Equity 1.275% 0.020% 1.295% Baillie Gifford Managed 1.175% 0.020% 1.195% Baillie Gifford Multi Asset Growth 0.875% 0.500% 1.375% Baillie Gifford North American Equity 1.275% 0.000% 1.275% BlackRock Gold & General 0.875% 0.995% 1.870% BlackRock Managed 0.725% 0.519% 1.244% BlackRock UK Fund 0.875% 0.870% 1.745% BlackRock UK Smaller Companies 0.875% 0.870% 1.745% BlackRock UK Special Situations 0.875% 0.870% 1.745% Fidelity 50:50 Special Situations 0.875% 0.945% 1.820% Fidelity American 0.875% 0.950% 1.825% Fidelity European 0.875% 0.960% 1.835% Fidelity Global Special Situations 0.875% 0.950% 1.825% Fidelity Managed 0.725% 0.912% 1.637% Fidelity MoneyBuilder Income 0.875% 0.489% 1.364% Fidelity Asia 0.875% 0.990% 1.865% Fidelity Special Situations (2006) 0.875% 0.940% 1.815% Henderson Fixed Interest Monthly Income 0.875% 0.726% 1.601% Henderson Global Equity Income 0.875% 0.990% 1.865% Henderson Cautious Managed 0.875% 0.689% 1.564% Henderson UK Property 0.875% 0.910% 1.785% Insight Global Absolute Return 0.875% 0.480% 1.355% Invesco Perpetual Corporate Bond 0.875% 0.760% 1.635% Invesco Perpetual Distribution 0.875% 0.863% 1.738% Invesco Perpetual Global Bond 0.875% 0.770% 1.645% Invesco Perpetual High Income 0.875% 0.920% 1.795% Invesco Perpetual Managed 0.725% 0.672% 1.397% Investec Cautious Managed 0.875% 0.590% 1.465% Investec Diversified Growth 0.875% 0.620% 1.495% JPM Emerging Markets 0.875% 0.855% 1.730% JPM Europe Dynamic (ex-uk) 0.875% 0.865% 1.740% JPM Global Macro Balanced 0.875% 0.805% 1.680% JPM Natural Resources 0.875% 0.855% 1.730% Jupiter Distribution 0.875% 0.763% 1.638% Jupiter Income 0.875% 0.940% 1.815% Jupiter UK Growth 0.875% 1.029% 1.904%

4 , managed by other fund Liontrust UK Smaller Companies 0.875% 1.412% 2.287% Newton Global Income 0.875% 0.735% 1.610% Newton Higher Income 0.875% 0.440% 1.315% Newton International Bond 0.875% 0.350% 1.225% Newton Global Equity 0.875% 0.329% 1.204% Newton Managed 0.725% 0.340% 1.065% Newton Real Return 0.875% 0.734% 1.609% Nordea 1-GBP Diversified Return 0.875% 0.900% 1.775% Payden Absolute Return Bond 0.875% 0.400% 1.275% Royal London UK Equity Income 0.875% 0.660% 1.535% Schroder Diversified Growth 0.875% 0.700% 1.575% Schroder Gilt & Fixed Interest 0.875% 0.319% 1.194% Schroder Global Cities Real Estate 0.875% 0.910% 1.785% Schroder Income Maximiser 0.875% 0.910% 1.785% Schroder Managed 0.725% 0.400% 1.125% Schroder Tokyo 0.875% 0.910% 1.785% Schroder UK Alpha Plus 0.875% 0.910% 1.785% Schroder UK Mid % 0.910% 1.785% Schroder US Smaller Companies 0.875% 0.920% 1.795% SLI Global Absolute Return Strategies 0.875% 0.840% 1.715% SSgA 50:50 Global Equity Index SSgA Asia Pacific ex Japan Equity Index SSgA Emerging Markets Equity Index 0.875% 0.100% 0.975% SSgA Europe ex UK Equity Index SSgA Index Linked Gilts All Stocks Index SSgA Index Linked Gilts Over 5 Years Index SSgA International Equity Index 0.875% 0.005% 0.880% SSgA Japan Equity Index SSgA North America Equity Index SSgA Non Gilts Sterling Bond All Stock Index SSgA Strategic Diversified 1.075% 0.040% 1.115% SSgA UK Conventional Gilts Over 15 Years Index SSgA UK Equity Index Threadneedle UK Social Bond 0.875% 0.340% 1.215% Veritas Asian 0.875% 0.510% 1.385% Woodford Equity Income 0.875% 0.750% 1.625% Scottish Widows Adventurous Solution 1.525% 0.190% 1.715% Scottish Widows Balanced Solution 1.525% 0.270% 1.795% Scottish Widows Cautious Solution 1.225% 0.300% 1.525% Scottish Widows Defensive Solution 1.225% 0.310% 1.535% Scottish Widows Discovery Solution 1.225% 0.290% 1.515% Scottish Widows Dynamic Solution 1.525% 0.220% 1.745% Scottish Widows Strategic Solution 1.525% 0.260% 1.785% Scottish Widows Balanced Portfolio 0.875% 0.620% 1.495% Scottish Widows Cautious Portfolio 0.875% 0.620% 1.495% Scottish Widows Opportunities Portfolio 0.875% 0.600% 1.475% Scottish Widows Progressive Portfolio 0.875% 0.600% 1.475% Diversity 1.275% 1.430% 2.705% Global Real Estate International Equity Select Boutiques UK Equity Focus UK Equity Growth UK Equity Income Scottish Widows Pension Portfolio 1.275% 1.100% 2.375% Scottish Widows Pension Portfolio One Scottish Widows Pension Portfolio Two Scottish Widows Pension Portfolio Three Scottish Widows Pension Portfolio Four Scottish Widows Pension Portfolio Five Scottish Widows Pension Portfolio A Scottish Widows Pension Portfolio B Scottish Widows Pension Portfolio C Portfolio Portfolio One Portfolio Two Portfolio Three Portfolio Four Portfolio Five Portfolio A Portfolio B Portfolio C Other charges in addition to the Total Annual Fund Charges will apply for pension products with this standard Total Annual Fund Charge of 0.875%. Please see the product Key Features and Illustration for details.

5 NOTES 1. The Total Annual Fund Charge of a fund is the sum of: a) the Scottish Widows Annual Management Charge, b) if applicable, an External Fund Management Charge, c) if applicable, a Multi-Manager Fund Management Charge, and d) if applicable, an allowance for any Other. The Management Charges of a), b) and c) above cover fund management, administration, marketing and the cost of sales, and also for c) the multi-manager selection service. Other include, for example, trustees fees, auditor s fees and regulators fees. For the Diversity Fund, we ve not allowed for any annual management fees or performance fees charged by investment trusts or certain investment companies which the fund may invest in. The allowance for Other can change on a regular basis. If any of a) to d) above changes for a fund, the Total Annual Fund Charge for that fund will also change. 2. For Unit-Linked the Annual Management Charge is reflected in the prices of each unit. 3. This leaflet should be read in conjunction with the relevant product literature, including our Pension Investor s Guide and any Key Features illustrations. 4. The value of an investment is not guaranteed and can go up and down depending on investment performance (and currency exchange rates where a fund invests overseas) and could fall below amounts paid in. 5. What you get back from investing in the With-Profits Fund depends mainly on the investment profits and losses of the fund and the decisions we make about their distribution, and is only guaranteed in certain circumstances. If you cash in at other times we may apply Market Value Reductions. You could get back less than you invested. Please read the Key Features and With-Profits Guide for further details. 6. Full terms and conditions are available on request from Scottish Widows. Charges, terms and limits may change. 7. We may change the selection of funds that we make available. There may be restrictions on the amount that can be invested in certain funds. Please contact us for details of any restrictions that apply. 8. The Total Annual Fund Charges are those current at the time of going to print. 9. Where we mention pension products (excluding Stakeholder) which have a standard Total Annual Fund Charge of 1% for most of our funds, we mean those products where the policy provisions show there are series 2 ordinary units allocated to the policy for unitlinked funds. Where we mention products which have a standard Total Annual Fund Charge of 0.875% for most of our funds, we mean those products where the policy provisions show there are ordinary units allocated to the policy for unit-linked funds. Please contact us if you wish to confirm which range of charges applies to a particular product, or if you wish to confirm which products can have access to the funds shown in the tables above.

6 Scottish Widows Limited. Registered in England and Wales No Registered office in the United Kingdom at 25 Gresham Street, London EC2V 7HN. Authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority. Financial Services Register number /17