No hidden costs. And we really mean: no hidden costs. There are no strings whatsoever. AEGON PPI is 100% transparent, as is evident from our approach to costs.
- No pension administration costs for ex-employees.
- No exit costs on termination of contract.
- Balance in investment account reverts to AEGON PPI members upon death.
- Extra work at employer’s request is charged to the employer on a fee basis.
- Total Expense Ratio (TER) of the investment funds is based on institutional rates.
AEGON PPI can be cancelled with two months’ notice. That’s unique for a pension scheme. And offers great flexibility, for the employer and consultant alike.
The employer pays:
- Contributions into the investment account for pension accrual.
- Contributions for risk cover. This ensures that pension accrual continues if the employee becomes unable to work through incapacity and that his survivors are left well cared for if he dies.
- A fixed sum per active employee for administering the pension scheme.
- Advisory fees to the adviser.
- Incoming individual pension value transfer € 150.
- Divorce € 150.
The employee pays:
- Costs relating to the management of the investment funds (which are settled with the return on the investment fund=TER).
- Buying and selling costs of the investment funds with a maximum of 0.3%.
- Switch costs (buying and selling costs); these are settled with the employee’s investments.
- The costs for a guaranteed pension (optional).
- The employee’s own contribution to the pension scheme (depending on the employer).
