Stakeholder Standards

We have set out some of the main stakeholder requirements below, and also shown how the Virgin Pension meets or beats these standards.

 Stakeholder standardsVirgin standards
Ongoing charge1.5% maximum1% of the value of your fund
Other chargesNoneNone
Minimum payment£20£1
Penalty charges for starting, stopping or changing paymentsNoneNone
Investment choiceSimple and easy to understandSimple and easy to understand
Lifestyle optionAs you near retirement, your investment automatically gets moved into a less volatile fundAs you near retirement, your investment automatically gets moved into a less volatile fund
Transfers to other providersFreeFree
StatementsAnnualTwice yearly + 24/7 online