New, lower fund charges from 9 January 2023

Great news – we’ve cut the Annual Management Charge (AMC) on four of the funds you can invest in through your pension. It includes one of our Glidepath funds - Growth Fund 3.

Fund namePrevious AMCAMC from 9 January 2023
Virgin Money Growth Fund 1 (used by our Pension Growth Fund 1)0.85%0.75%
Virgin Money Growth Fund 2 (used by our Pension Growth Fund 2)0.85%0.75%
Virgin Money Growth Fund 3 (used by our Pension Growth Fund 3)0.85%0.75%
Virgin Global Share Fund (used by our Pension Global Share Fund)0.85%0.75%

There’s nothing you need to do, we’ve automatically made the changes to our funds from 9 January. We’ve also updated your Terms. For the latest Terms, head to the Online Service sign in page and click on the link in Helpful information.

Just so you know, the AMCs on our Auto-enrolment (AE) funds aren’t changing as they’re already 0.75% or less.