By law, stakeholder pension plan charges cannot currently be more than 1.5% of fund value per annum for the first 10 years.
However, charges relating to the RSA Stakeholder Plan are significantly lower than this, ranging from 0.40% – 0.95%.
The fee for the default fund and all the other available lifestyle funds are 0.50% (except for Lifestyle Option F, which is 0.70%) .
The charges cover Prudential's administration, investment and communication costs, and there are no commission charges i.e. the value of contributions paid into the Plan will not be reduced to pay fees to an adviser. Any charges relating to ‘your Plan’ will be deducted from ‘your Plan’.