Why do you have three different prices for single-priced, bid/offer and stakeholder products?Thu Sep 28 17:45:00 BST 2017
Because the way charges are applied is different for each product.
On 1 January 2001, our funds changed from ‘bid/offer’ pricing to ‘single pricing’ so for some of our older pension and life products we still show bid/offer prices.
The bid price is the price at which you can sell units in the fund, and the offer price is the price at which you can buy units. Bid/offer prices may apply to you, even if you joined a scheme after 2001, if the scheme you belong to was set up before 2001.
‘Single-priced funds’ apply to pension schemes or plans taken out after 1 January 2001 and show one price for both buying and selling units.
When Stakeholder legislation was introduced on 6th April in 2001, we launched a new pricing series for these taking the price cap into account. These are also single priced, with one price for both buying and selling units. You can find out more about stakeholder funds here.
Investors can find out which pricing basis applies to them by asking their adviser, looking at their policy conditions and any subsequent endorsements, by calling our helpdesk on 03456 10 00 10 or by filling out a contact form at aegon.co.uk/contact