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What is it?

Choice. Flexibility. Control.
The benefits of our Flexible Pension Plan (FPP) are clear.

Everyone is unique. So, it's important your clients personal pension reflects this. Our FPP does. It has all the benefits of a standard personal pension, but with many other exciting features, including a self-invested option.

Investment choice

  • Insured
    More than 130 funds to choose from, with a variety of risk profiles.
    Read more
  • Self Invested
    Give your clients greater control over their investments.
    Read more

Flexible Pension Plan

Your clients are unique. Now, thanks to our Flexible Pension Plan, their pension can be too. This interactive tool will let you see the type of client it's most suitable for - and give you an insight into the extensive range of options on offer.

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Customer profile

1. Photograph of a Mass Market gentleman
Mass Market
2. Photograph of an Aspirational lady
Aspirational
3. Photograph of an Affluent lady
Affluent
4. Photograph of a High net worth gentleman
High net worth

Mass Market

Free assets: up to £29,999 This segment accounted for approximately 40.8 million (86%) of the adult working population in 2006 but only 6.4% of the total share of UK free assets.
Age: 25-34
Dependents: young family
Savings: short-term savings
Financial advice: general financial planning advice
1. Photograph of a Mass Market gentleman
Mass Market
2. Photograph of an Aspirational lady
Aspirational
3. Photograph of an Affluent lady
Affluent
4. Photograph of a High net worth gentleman
High net worth

Aspirational

Free assets: up to £30,000-£99,999 In 2006, this segment accounted for only 3.3 million (6.9%) of the adult working population but 8.4% of the total share of UK free assets.
Age: 35-44
Dependents: family
Savings: event-oriented
Financial advice: general investment planning
1. Photograph of a Mass Market gentleman
Mass Market
2. Photograph of an Aspirational lady
Aspirational
3. Photograph of an Affluent lady
Affluent
4. Photograph of a High net worth gentleman
High net worth

Affluent

Free assets: up to £100,000-£249,999 In 2006, this segment accounted for only 1.8 million (3.8%) of the adult working population but 14.6% of the total share of UK free assets.
Age: 45-54
Dependents: empty nesters
Savings: retirement planning, downsizing, inheritance tax, health
Financial advice: detailed financial planning and relatively complex investments
1. Photograph of a Mass Market gentleman
Mass Market
2. Photograph of an Aspirational lady
Aspirational
3. Photograph of an Affluent lady
Affluent
4. Photograph of a High net worth gentleman
High net worth

High net worth

Free assets: more than £250,000 In 2006, this segment accounted for only 1.6 million (3.2%) of the adult working population but a massive 70.7% of the total share of UK free assets.
Age: 55-64
Dependents: empty nesters
Savings: maintaining their standard of living
Financial advice: detailed financial planning and relatively complex investments
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Investment choice

Insured funds Self-invested - Fund Supermarket Self-invested - discretionary fund managers (DFMs) Self-invested - other 'alternative' investments

Insured Funds

Over 130 risk-related funds from 19 investment partners.

AEGON Asset ManagementArtemisBaillie GiffordBarclays Global InvestorsMerrill LynchFidelityFirst StateGartmoreInsight InvestmentInvesco PerpetualInvestecJP MorganLazardMorleyNewtonNorthern TrustSchroederSG Asset ManagementUBS

Insured funds Self-invested - Fund Supermarket Self-invested - discretionary fund managers (DFMs) Self-invested - other 'alternative' investments

Self-invested - Fund Supermarket

Over 1,400 funds from more than 65 market-leading fund managers at specially negotiated prices

Insured funds Self-invested - Fund Supermarket Self-invested - discretionary fund managers (DFMs) Self-invested - other 'alternative' investments

Self-invested - discretionary fund managers (DFMs)

Why not consider using a DFM? Making the initial decision on which type of investments to use for your clients, monitoring these and looking after all the administration can be costly and time consuming - but a DFM deals with all of this so you don't have to.

Cazenove Capital ManagementCitigroup QuilterTilney Investment Management

Insured funds Self-invested - Fund Supermarket Self-invested - discretionary fund managers (DFMs) Self-invested - other 'alternative' investments

Self-invested - other 'alternative' investments

Your clients can invest:

  • direct in the stock market
  • in 'alternative' investments such as hotel rooms and commercial property, as well as many other allowable investments
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Rewarding your Clients

Fund Bonus Fund Value Rebate

Fund Bonus

If you choose the establishment charge option to pay for your advice, your clients will benefit from a fund bonus of up to 4% after 10 years. They'll also have the opportunity to get a 0.5% bonus each year after that.

Even if we haven't received all contributions, your clients may still be eligible for a proportion of the 4% bonus. Any additional increases in regular and single contributions, and transfers will each receive a separate fund bonus and their own fund bonus term.

Effective number or original contributions paid (whole years) % of bonus payable When is the bonus paid?
10 years 4% At the end of year 10
9 years 3% The end of year 10 or the point of exit if earlier
8 years 2%
7 years 1%
< 7 years 0%
Fund Bonus Fund Value Rebate

Fund Value Rebate

If you choose the financial adviser charge or additional annual management charge options to pay for your advice, your clients will benefit from a tiered fund value rebate (FVR).

Each month, we'll calculate the total value of all contributions to the plan. If the total fund value is £20,000 or more we'll add additional units to the plan.

Fund value FVR
£20,0000 - £249,999.99 0.50%
£250,000+ 0.60%
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How to pay for Advice

Establishment Charge Financial adviser charge Additional annual management charge (AMC) Fee basis

Establishment Charge

Taken as a percentage of the fund value monthly over a five-year period.

What's best here?

  • Regular contributions

Why?

  • At year 10, your clients will benefit from a fund bonus based on their original contribution.
  • They can also receive a further bonus each year after that.
Establishment Charge Financial adviser charge Additional annual management charge (AMC) Fee basis

Financial Adviser Charge

Taken as a percentage of the contribution paid and it's deducted from the fund during a 12-month period.

To make regular contributions, your clients must have made at least one single contribution or transfer value to their plan.

What's best here?

  • Single contributions

Why?

  • Your clients will get a fund value rebate right from the start.
Establishment Charge Financial adviser charge Additional annual management charge (AMC) Fee basis

Additional annual management charge (AMC)

The base value is 1%. You can choose to apply an additional AMC to pay for some or all of your commission. Any fund manager charges (if they apply) are in addition to this charge.

To make regular contributions, your clients must have made at least one single contribution or transfer value to their plan.

What's best here?

  • Single contributions

Why?

  • Your clients will benefit from a fund value rebate right from the start.
Establishment Charge Financial adviser charge Additional annual management charge (AMC) Fee basis

Fee basis

Under the menu structure, we start with a basic charging platform that assumes we don't pay any commission.

What's best here?

  • Any contribution type

Why?

  • It lets you offer the product to your clients on a fee basis.
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Rewarding you for the work you put in

Initial commission (IC) only Initial commission (IC) and renewal commission (RC) Initial commission (IC) and implicit fund-related commission (IFRC) Implicit fund-related commission (IFRC)

Initial commission (IC) only

Establishment charge Financial adviser charge Additional annual management charge
Regular
Up to 115% x Lautro IC
Single
Up to 8% IC (8.5% IC if SC / TV is > £50,000)
Regular
Up to 50% IC
Single
Up to 8.5% IC
Regular
Up to 10% IC
Single
Up to 7% IC
Initial commission (IC) only Initial commission (IC) and renewal commission (RC) Initial commission (IC) and implicit fund-related commission (IFRC) Implicit fund-related commission (IFRC)

Initial commission (IC) and renewal commission (RC)

Establishment charge Financial adviser charge Additional annual management charge
Regular
Up to 100% x Lautro IC and 2.5% RC
Single
n/a
Regular
Up to 45% IC and 2.5% RC
Single
n/a
Regular
Up to 5% IC and 2.5% RC
Single
n/a
Initial commission (IC) only Initial commission (IC) and renewal commission (RC) Initial commission (IC) and implicit fund-related commission (IFRC) Implicit fund-related commission (IFRC)

Initial commission (IC) and implicit fund-related commission (IFRC)

Establishment charge Financial adviser charge Additional annual management charge
Regular
Up to 90% x Lautro IC and 0.1% IFRC
Single
Up to 7% IC and 0.1% IFRC
Regular
Up to 50% IC (IFRC can only be funded by additional AMC.)
Single
Up to 8.5% IC (IFRC can only be funded by additional AMC.)
Regular
Up to 8% IC and 0.1% IFRC
Single
Up to 5.6% IC and 0.1% IFRC
Initial commission (IC) only Initial commission (IC) and renewal commission (RC) Initial commission (IC) and implicit fund-related commission (IFRC) Implicit fund-related commission (IFRC)

Implicit fund-related commission (IFRC)

Establishment charge Financial adviser charge Additional annual management charge
Regular
Up to 0.35% IFRC
Single
Up to 0.6% IFRC
Regular
IFRC can only be funded by additional AMC
Single
IFRC can only be funded by additional AMC
Up to 0.5% IFRC Single
Up to 0.5% IFRC

Why transfer to our FPP? - NEW

The main reasons that people transfer their pensions are a desire for better investment performance or the wish to have all their pension eggs in one basket. And consolidating them in our FPP could make real financial sense. Read more about the benefits of transferring to our FPP.

Commission and charges
The options available to you

With so much choice, your expertise will be relied upon even more. So, to reflect this high level of advice and service, we've developed a menu of commission and charging options that lets you choose the most suitable one for each client. It's just reward for the work you'll put in.
Read more about the options.

 

 

What are the benefits?
For you and your clients

Our FPP has been designed to reward both you and your clients. They'll benefit from a huge choice of funds and the potential to receive an attractive bonus, while you'll benefit from an innovative commission structure and charging options, as well as some very useful online tools.
Read more about the benefits.

 

Rewards

Loyalty always deserves a reward. And that's just what your clients will get with our FPP. Depending on the structure of their plan, they'll benefit from either a fund bonus or a fund value rebate. It's a little something extra from AEGON Scottish Equitable.
Read more about the loyalty rewards.

 

This communication is directed at professional financial advisers. It shouldn't be distributed to, or relied upon, by private customers.