The payment must be instructed by the members.
We're not offering this option on Stakeholder or Company Pension Plans or our legacy workplace pensions.
We already support Ad hoc Adviser Charge from Pension Portfolio plans. See our Pension Portfiolio Charges Guide.
An ad hoc adviser charge must be agreed between you and the member for one-off events that take place on the plan or for ad hoc services that are not already covered by existing commission or initial and/or ongoing adviser charges.
The advice and/or services must also relate specifically to that member's plan and can't cover the cost of any advice or services for other products.
An ad hoc charge can be taken from a specific contribution or across the member's whole plan where it is deducted proportionately from each contribution. The options as shown below:
|Contribution type||% of fund||Monetary amount|
See the Retirement Solutions Remuneration Guide for full details.
If you've any questions please speak to your usual Royal London contact or email us at email@example.com