Legal & General pension fees and charges
Direct answer: Legal & General charges 0.25% service charge + 0.14%–0.31% fund charge (0.39%–0.56% all-in). 5 multi-index funds across risk levels — no individual fund or share selection.. On a £100,000 pot that is £250/year in annual provider/platform fee, and on a £500,000 pot it is £1,250/year. Fund charges and product-specific caveats may apply.
Legal & General is a major workplace pension provider, but its direct-to-consumer offering is deliberately simple. The personal pension and drawdown products charge a flat 0.25% service charge, while the fund range is limited to a default option and 5 multi-index funds. There is no SIPP, no share dealing, and no access to third-party funds. L&G has a major workplace pension presence, where employer-negotiated rates and automatic contributions can differ from direct product pricing. For self-directed investors seeking broad fund choice, the direct product range is limited. The 0.25% rate is transparent, but the total cost including fund charges (0.14%–0.31%) pushes the all-in rate to 0.39%–0.56%.
- +Simple, transparent 0.25% platform fee
- +One of the UK's largest pension providers
- +Strong workplace pension infrastructure
- +No minimum contribution
- –No SIPP — cannot access individual funds or shares
- –Only 5 fund options on direct pension
- –Total cost higher than headline (fund charges on top)
- –Very limited for self-directed investors
What are Legal & General pension charges in 2026?
Legal & General's representative published charging model is: 0.25% service charge + 0.14%–0.31% fund charge (0.39%–0.56% all-in). 5 multi-index funds across risk levels — no individual fund or share selection.. The figures on this page show provider/platform/admin charges by pot size. Fund charges, adviser charges, workplace terms and product-specific charges may differ, so check the provider fee schedule before acting.
Does Legal & General offer a SIPP?
Legal & General is mainly a workplace and direct personal pension provider in this dataset. The direct personal pension does not offer the same broad SIPP-style fund and share access as self-directed platforms.
Are Legal & General workplace pension fees the same as personal pension fees?
Not necessarily. Workplace pension charges are usually set by the employer scheme and can differ from Legal & General's direct personal pension charges. Check the scheme documents for the exact annual management charge and fund costs.
- •Fees shown are representative provider, platform or admin charges. Some rows are platform/admin fees only; Royal London's Governed Range AMC includes Royal London fund management.
- •Fee structures change without notice. Always verify the current fee on the provider's website before making any decision.
- •The lowest headline fee is only one comparison point. Fund range, service, platform features, investment choice, adviser access, and product restrictions also matter.
- •Transferring a pension may involve exit fees, loss of guaranteed benefits, or loss of employer contributions. Check before you transfer.
- •This page is factual information based on published fee schedules, not a recommendation to use or avoid any provider.
- •For personal recommendations, speak to an FCA-regulated financial adviser and check the FCA register.