Charges

For intermediaries only

Charges made clear

One Retirement's charges are clear, so your clients can see what they're paying for. There are three main types of charges: One Retirement charges, fund charges and adviser charges. You can find out more details in our Charges guide(Opens new window).

We may vary these charges in future, in line with the One Retirement terms and conditions.

One Retirement charges

The annual charge covers the cost of administering your client's account. We take this charge monthly from your client's account. As you can see from the table below, amounts of £250,000 and over are charged at 0%. So the higher the value of assets they have on One Retirement, the less the yearly percentage charge will be.

Fund value Annual charge percentage
First £249,999   0.3%
 £250,000 and over  0.0%

Annual charge discount offer for new accounts

Open a new One Retirement account by 30 November 2019 and your clients will pay an annual charge of 0.15%, down from the standard 0.3% rate, on amounts under £250,000.

To take advantage of this offer, all new business needs to be submitted by midnight on 30 November 2019, when this offer ends. After this date the annual charge will change back to the pre-offer price.

If you choose to take an income (either regular or ad hoc) from your One Retirement account there’s a yearly charge of £75 to cover ongoing administration.

Fund charges

These charges cover the cost of managing investments and checking they’re performing as expected. They’ll vary depending on the assets chosen. The fund charge is sometimes called the ongoing charges figure (OCF).

Adviser charges

These charges are for the advice you give and are agreed between you and your client.

All One Retirement charges are subject to future change in line with the One Retirement terms and conditions.