Provider fees

Royal London pension fees and charges

Product record reviewed: 2026-04-29 · Fee schedule checked: 2026-09-11 · Source: provider fee page

Direct answer: Royal London charges Published guide illustration: whole-balance AMC of 0.75% up to £48,300; 0.50% to £96,700; 0.45% to £290,000; 0.40% to £967,000; 0.35% above. Applicable discount thresholds depend on plan terms and anniversary.. On a £100,000 pot that is £450/year in annual provider charge, and on a £500,000 pot it is £2,000/year. Fund charges and product-specific caveats may apply.

Fee model

Published guide illustration: whole-balance AMC of 0.75% up to £48,300; 0.50% to £96,700; 0.45% to £290,000; 0.40% to £967,000; 0.35% above. Applicable discount thresholds depend on plan terms and anniversary.

Discounted whole-balance management charge · Adviser-arranged pension/SIPP options · Workplace available

Annual representative charge by pot size

Annual figures displayed to the nearest pound. Representative provider/platform charge. Fund charges and adviser charges may be additional unless the provider note says they are included: Management included for the represented investment options; external funds and adviser arrangements may add charges

Note: These are the bands in the linked published guide, not a claim that every 2026 policy uses identical thresholds. The guide says RPI increases occur each 6 April and apply on the first plan anniversary afterwards. Associated investments can affect the discount. Workplace scheme discounts, adviser adjustments, external investments and advice charges can change the amount. Check the personal illustration and annual statement.

Royal London’s published guide combines a basic management charge with a balance-based discount. The table illustrates the guide’s bands, including investment management, before external-investment and adviser adjustments. It is not a personal quote. Workplace schemes may have a separately agreed flat charge.

Strengths

+Published discount bands
+Represented charge includes investment management

Limitations

–Plan anniversary and terms affect discount thresholds
–External investments and advice can add costs

Details

Fund range170+ funds plus 7 Governed Portfolios, 5 Governed Retirement Income Portfolios and Lifestyle Strategies — no individual shares or ETFs

Minimum investmentAdviser-arranged (no published direct minimum)

Typical fund OCFManagement included for the represented investment options; external funds and adviser arrangements may add charges

SIPP/direct pensionAdviser-arranged pension/SIPP options

Royal London pension fees FAQ

What are Royal London pension charges in 2026?

Royal London's representative published charging model is: Published guide illustration: whole-balance AMC of 0.75% up to £48,300; 0.50% to £96,700; 0.45% to £290,000; 0.40% to £967,000; 0.35% above. Applicable discount thresholds depend on plan terms and anniversary.. 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.

All providers

HL Vanguard ii AJ Bell PensionBee Fidelity Aviva NEST InvestEngine NutmegRoyal LondonSc. Widows Std Life L&G Aegon

Things to consider

•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.

This provider comparison is general information based on published charge schedules, not financial advice or a personal recommendation. Verify current fees and product terms with the provider and check FCA authorisation before acting.