UK based companies
To allow for a lower member charge, there is a monthly employer administration fee payable by you, the employer. The total employer fee, for UK based companies, will be based on the number of ‘active staff’ within your workplace pension, as follows:
This allows your employer charges to be extremely competitive (well within the charging cap) and also incorporates an element of employee face to face guidance.
In addition to the above employer administration fees there is an initial charge of £250 plus VAT (if applicable) for international companies to establish the workplace pension.
The fees for all members automatically enrolled into the 'Default 1' portfolio, aged between 22 - 59, are as follows:
- Members in Defaults 2 to 4, as a result of lifestyling, will have differing charges (Total Expense Ratio 'TER') for the L&G Investment Fund which will be no more that 0.15% pa.
- Members on model portfolios will be subject to a different charging structure which will be advised to them by Lewis Investment prior to any change in investment.