Charges made clear
We want to make it easy for you and your clients to see the cost of managing financial planning on the Aegon Platform.
There’s full disclosure of charges across all products and investments held on the platform. Plus, you can use the Aegon Platform to set up, collect and manage your own adviser charges.
There are three main types of charges:
- Annual charge (platform charge)
- Investment charges
- Adviser charges
The annual charge covers all the costs of administering your client’s account on the Aegon Platform. It’s designed to be fair and flexible while clearly separating the costs of investing for your clients.
We take this charge monthly from your client’s account. As the table below shows, the percentage charge reduces as your clients’ account value grows. So, the higher the value of assets they have on the Aegon Platform, the lower their rate of platform charge could be.
We may vary these charges in future.
||Total holdings on the Aegon Platform
||Annual charge percentage
||Over £1 million
We charge £75 a year if a client takes income from the drawdown element of their Aegon SIPP. We start taking this charge after we make the first drawdown payment, and it will apply yearly after that to cover ongoing administration.