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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.
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.