Costs and charges

We're committed to being transparent when it comes to fees and charges – we don't charge you anything to join and there are no withdrawal fees

How we charge

There will be an annual fund management charge (also known as a total expense ratio) which will vary based on which Smart Retire pot(s) you’re invested in.

Flexible income pot

of the funds invested in this pot

Later life
pot

of the funds invested in this pot

Inheritance
pot

of the funds invested in this pot

Rainy day
pot

of the funds invested in this pot

What's included

We're committed to treating our customers fairly. That means there are no extra fees for managing your account

Our fees include:

Opening your Smart Retire account

Managing your investments

Withdrawing money

Transferring money between pots

Arranging death benefits, if needed

How we invest your money

We invest your money in funds managed by Mobius Life.

Each fund is designed to meet a specific investment goal – whether that’s keeping up with inflation or growing your money so you have something in retirement.

If you're part of the Leonardo Pension Plan, your pension is invested by Schroders. You can see the funds your money is invested in for each pot here.