Workplace pension costs and charges
There are costs involved in managing your workplace pension and investing your retirement savings to help these to grow. Here you can find out the costs and charges that applied to all of Royal London’s workplace pension schemes in 2022.
The information provided here relates to the default investment(s) for representative members of each of our workplace pension schemes.
Administration charges
We show the ‘administration charges’ we take from members’ pension plans for administering their plans and investing their retirement savings. These charges are decided by Royal London.
Transaction costs
We also separately show ‘transaction costs’, which are the costs incurred in buying, selling and holding assets within our pension funds into which your plan along with other members’ plans are invested. These costs are not directly within Royal London’s control.