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What is it?

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

Designed for the more sophisticated investor, our FPP has all the benefits of a conventional pension plan, with the added flexibility of a self-invested option. So your clients can adapt their investments whenever they like.

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

Commission and charging options

With our bespoke commission and charging structure, we start with a base annual management charge (AMC) that assumes no commission is paid. This means you can offer the product to your clients on a fee basis. If you prefer, you can build a bespoke charging structure around the agreed commission levels using:

  • a five-year establishment charge (EC)
  • a one-year financial adviser charge (FAC)
  • an additional AMC
  • a combination of a FAC and additional AMC

The table below gives you an 'at a glance' guide to some of the commission options available for regular and single contributions.

  EC FAC Additional AMC
Regular Single Regular Single Regular Single†
Initial commission (IC) only 75% x Lautro IC 6% IC if term >5 years 1% IC: 1% FAC (maximum 50% IC) 1% IC: 1% FAC (maximum 8.5% IC) 2% IC: 0.1% AAMC (maximum 10% IC) 1.4% IC: 0.1% additional AMC (maximum 7% IC)
IC and renewal 60% x Lautro IC and 2.5% renewal n/a Up to 45% IC and 2.5% renewal n/a Up to 5% IC and 2.5% renewal n/a
IC and implicit fund-related commission (IFRC) 50% x Lautro IC and 0.1% IFRC 5% IC & 0.1% IFRC  if term >5 years 1% IC: 1% FAC (maximum 50% IC). IFRC can only be funded by additional AMC. 1% IC: 1% FAC (maximum 8.5% IC). IFRC can only be funded by additional AMC. Up to 8% IC and 0.1% IFRC Up to 5.6% IC and 0.1% IFRC
IFRC only 0.35% IFRC 0.6% IFRC IFRC can only be funded by additional AMC. IFRC can only be funded by additional AMC. 0.1% IFRC: 0.1% AAMC (maximum 0.5% IFRC) 0.1% IFRC: 0.1% additional AMC (maximum 0.5% IFRC)

*Commission figures quoted are based on a 'mid-point' of 0.35% establishment charge (maximum of 0.55%).
**Commission figures quoted are based on a 'mid-point' of 0.08% establishment charge (maximum of 0.12%).
†Single contribution commission paid for by an additional AMC is term related. Commission figures quoted are based on a term of more than 20 years.

You can find full details of the commission and charging options in our Adviser guide.