This content is for use by financial/professional advisers only and is not to be relied upon by retail clients. It you are an individual pension saver please visit our client website.
Important changes to Openwork your clients’ pensions
As you are aware we annually review the charging structure of our pension schemes. Below are details of the changes which take effect for all clients from 1st February 2019. We recently wrote to all of the advisers we do business with to update them of the changes.
Our 2019 fees
We take our fiduciary responsibilities seriously in respect of both our pension schemes and the assets held within them. As you will be aware, there are increasing costs of operating a regulated business, such as implementing regulatory changes and increased due diligence requirements on investments and increased capital requirements.

However due to our ability to pass on savings in some areas through ongoing investment in administration technology, we are pleased to be able to announce we have been able to remove a number of fees from our charging structures.

When do they come into effect?
All changes to fees for periodic or one-off activities will take effect from the 1st February 2019.

Changes to our recurring fees, such as the annual administration fee, will come into effect from your clients’ next renewal dates on or after 1st February 2019.

You can view our current fee schedules which will be in effect until 31 January 2019 here.

Want to get in touch?
If you have any questions about the changes to fees please contact our Client Servicing Team at or on 0844 728 9090*.

*Calls to this number will cost you 3.90 pence per minute (PPM) for landline and 22.0 PPM for mobiles, plus your phone company’s access charge of up to 5.0 PPM for non -internet users