Pension & life fund charges

View total annual fund charges for Scottish Widows, Scottish Widows Investment Solutions (SWIS) and Clerical Medical funds. Total annual fund charges may be subject to change.

For Scottish Widows OEIC and ISA fund charges, view our investment documents.

Scottish Widows funds

Scottish Widows funds

*Scottish Widows life funds are only available to existing customers who invested in a Scottish Widows Flexible Options Bond or other life product before July 2009.

SWIS and Clerical Medical funds

SWIS and Clerical Medical funds

*Clerical Medical pension funds are only available to existing customers who invested in a Clerical Medical pension product before July 2009.

Online charges tool

Online charges tool

Use our online tool to see the current total annual fund charges for the Scottish Widows range of pension funds and the Scottish Widows Flexible Options Bond.

Unsure which types of units are applicable to which pension contract? Read our explanations.

Series 1Original Series, sometimes called Series 1Contracted in Money Purchase commencing on or before 31/07/2000 Executive Personal Pension Free Standing AVC commencing on or before 31/07/2000 Group AVC commencing on or before 31/07/2000 Group Personal Pension commencing on or before 31/07/2000 Income Drawdown Individual Personal Pension commencing on or before 31/10/2000 Phased Retirement Section 32 commencing on or before 31/12/1998 Trustee Investment Board Utilised Annuity commencing on or before 09/05/2000 (sometimes called the Original Series)
Series 2Pension Fund Series 2Contracted in Money Purchase commencing after 31/07/2000 Executive Personal Pension (Simplified Charge) commencing after 05/02/2003 Group AVC commencing after 31/07/2000 Group Personal Pension commencing after 31/10/2000 Section 32 commencing after 12/12/2002 Section 32A commencing after 12/12/2000 Unitised Annuity commencing after 09/05/2000
Series 3Pension Fund Series 3Our Stakeholder Pension range of unit-linked pension funds
Series 4Pension Fund Series 4Series 4 units are for investments into our Retirement Account

What makes up my fund’s total annual fund charge (TAFC)?

The total annual fund charge of a fund is made up 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

    d) if applicable, an allowance for any other expenses (life funds only)

    e) if applicable, any allowances for tax relief for b), c) and d).

The management charges cover fund management, administration, marketing and the cost of sales and for c) the multi-manager selection service. Other expenses include, for example, trustees’ fees, an auditor’s fee and regulators’ fees. These other expenses can change on a regular basis.

If any of a) to e) above change for a fund, the total annual fund charge for that fund will also change.

The total annual fund charge for the Scottish Widows Flexible Options Bond includes 0.25% taken by cancellation of units with the remainder reflected in the value of each unit.