The Aberdeen Asset Management Group Personal Pension closed to new entrants and future regular employer contributions from 1 January 2020. 

However, if you leave your pension plan invested in the scheme, you'll continue to have access to exclusive funds created for the scheme. To find out more about these funds, take a look at investments and how they work.

Here are a few important things you should know about your former Aberdeen Asset Management Group Personal Pension plan.

The value of an investment can fall as well as rise and isn't guaranteed. You could get back less than you invest.

What are the charges?

The scheme has an annual management charge (AMC) of 0.35% which is deducted from your plan. This covers the cost of setting up your plan and the ongoing administration.

Some investment funds have an additional charge. To find out more take a look at where will your money be invested. We reserve the right to vary charges in the future.

When can I access my retirement savings?

You can take your pension benefits from your plan at any time between the ages of 55 and 75 (increasing to 57 in 2028), including while you’re still working.  You may be able to take your benefits earlier than this if you’re in ill health.  If you don’t want to take your benefits at age 75, you can transfer the value of your plan to another plan and choose to remain invested.  You may wish to speak to your financial adviser before you reach 75 if this is something you’re considering.