Charges

The overall charge that will be deducted from your retirement plan is made up of an Annual Management Charge (AMC) plus the Fund Management Charge (FMC) associated with the fund that you choose to invest in. The AMC for the Hilton (UK) Personal Retirement Plan is 0.32%. If you invest in The Hilton Flexible Income StrategyOpens in new tab the FMC is the weighted average of the Fund Management Charges of the underlying funds and these change as you approach your selected retirement age meaning the charges vary over time. Currently, 10 or more years before your selected retirement date the FMC is 0.14% and by your selected retirement date it is 0.21%.

The total charges payable (Annual Management Charge and Fund Management Charge) will change as you approach retirement, as described in the table below.

For details of the charges applicable to other funds, please refer to the Core Funds guideOpens in new tab.

These charges are those that apply as at April 2020. Legal & General reserve the right to change the level of charges. We’ll only make changes for good reasons in accordance with the terms of your plan, please see your Member’s booklet for more details.