Aviva vs Vanguard pension fees
At a constant £100,000 invested balance, the representative charge for Aviva is £350/year and for Vanguard is £150/year . These figures cover selected charge layers. Fund management, transactions, advice, contributions and product terms affect the total cost; the smaller figure does not establish which pension costs less overall.
Aviva: Excludes fund charges. Consumer Aviva SIPP pricing is shown. Eligible account balances can be aggregated. Cash is excluded from the investment charge, but Aviva retains part of the interest earned. Fund dealing is free; UK share, ETF and investment-trust trades cost £4.99. Investment costs remain separate. Workplace, adviser-platform and legacy policy terms may differ.
Vanguard: Excludes fund charges. Fees shown are for the self-managed Personal Pension. A minimum platform fee of £4/month applies to pots under £32,000 (so £25k pays £48/year, exceeding the 0.15% rate of £37.50). Vanguard also offers a Managed Personal Pension which adds a 0.30% management fee on top of the 0.15% account fee. Account fee is not charged on uninvested cash.
- •Most providers quote a platform fee that excludes fund charges (OCF), which are additional and vary by fund choice. A few — NEST, Royal London and PensionBee — include fund management in the selected charge, while other costs can still apply. Headline figures are therefore not always comparable between providers.
- •Fee structures change without notice. Always verify current fees on the provider's website.
- •The lowest platform fee is only one comparison point. Fund range, service, platform features, investment choice, and product restrictions also matter.
- •Before transferring any pension, check for exit fees, guaranteed annuity rates, employer contributions, and protected tax-free cash.
- •This comparison is factual information based on published fee schedules, not a recommendation to choose either provider.
- •If you're unsure which provider is right for you, speak to an FCA-regulated financial adviser.
This comparison describes selected published pension charges. It is general information, not a recommendation to choose or transfer to either provider.