Latest PIMS charges
There are a number of other charges that apply to RL360 PIMS plans that are not percentage based. These charges relate to the servicing of your plan and the latest charges are shown below. We update this page as and when these charges change. When you invest in PIMS, you will receive a Plan Schedule and this details the charges specific to the charging structure you have agreed with your financial adviser. A full description of charges can be found in the PIMS Product Guide.
1. PIMS plans issued January 2024
Dealing & Custodian charges
These charges apply per purchase and sale of an asset. If the assets linked to your plan are managed by a discretionary manager, or via an external platform, then the dealing and custodian charges below may not apply. You should speak to your financial adviser and/or the platform provider, or discretionary manager to confirm applicable charges.
| Dealing |
36 |
26 |
24 |
20 |
200 |
3,100 |
28 |
| Custodian |
72 |
52 |
48 |
40 |
400 |
6,200 |
56 |
Servicing charge
These are the servicing charges which currently apply when taking out a new plan. They increase each year with inflation. We measure inflation based on the Isle of Man Retail Price Index. The charge is deducted on a quarterly basis in line with your plan start date, and continues until the plan comes to an end.
| Servicing |
225.00 |
162.50 |
150.00 |
125.00 |
1,250.00 |
19,375.00 |
175 |
Valuation charge
If you require a paper valuation to be sent to you, the following charge will apply.
| Valuation |
180 |
130 |
120 |
100 |
1,000 |
15,500 |
140 |
2. PIMS plans issued July 2019+ - click to show
Dealing & Custodian charges
These charges apply per purchase and sale of an asset. If the assets linked to your plan are managed by a discretionary manager, or via an external platform, then the dealing and custodian charges below may not apply. You should speak to your financial adviser and/or the platform provider, or discretionary manager to confirm applicable charges.
| Dealing |
36 |
26 |
24 |
20 |
200 |
3,100 |
28 |
| Custodian |
72 |
52 |
48 |
40 |
400 |
6,200 |
56 |
Servicing charge
These are the servicing charges which currently apply when taking out a new plan. They increase each year with inflation. We measure inflation based on the Isle of Man Retail Price Index. The charge is deducted on a quarterly basis in line with your plan start date, and continues until the plan comes to an end.
| Servicing |
180 |
130 |
120 |
100 |
1,000 |
15,500 |
140 |
Valuation charge
If you require a paper valuation to be sent to you, the following charge will apply.
| Valuation |
180 |
130 |
120 |
100 |
1,000 |
15,500 |
140 |
3. PIMS Plans issued January 2015 + - click to show
Dealing & Custodian Fees
These fees apply per purchase and sale of an asset. If the assets linked to your plan are managed by a discretionary manager, or via an external platform, then the dealing and custodian fees below may not apply. You should speak to your financial adviser and/or the platform provider, or discretionary manager to confirm applicable charges.
| Dealing |
36 |
30 |
24 |
20 |
250 |
3,400 |
32 |
| Custodian |
72 |
60 |
48 |
40 |
500 |
6,800 |
64 |
Flat Administration Fees
These are the flat administration fees that will have applied at the outset of a plan. They will have increased each year with inflation. We measure inflation based on the Isle of Man Retail Price Index. The fee is deducted on a quarterly basis in line with your plan start date, and continues until the plan comes to an end.
| Flat Admin Fee |
180 |
150 |
120 |
100 |
1,250 |
17,000 |
160 |
| Flat Admin Fee 10yr paf |
225 |
187.50 |
150 |
125 |
1,562.50 |
21,250 |
200 |
PAF stands for percentage administration fee. The higher flat administration fee applies if your PIMS charging structure includes a percentage administration fee with a 10 year early exit period.
Additional Valuation Fees
If you require a paper valuation to be sent to you, the following charge will apply.
| Valuation fee |
180 |
150 |
120 |
100 |
1,250 |
17,000 |
160 |
4. PIMS Plans issued before January 2015 - click to show
Dealing & Custodian Fees
These fees apply per purchase and sale of an asset. If the assets linked to your plan are managed by a discretionary manager, or via an external platform, then the dealing and custodian fees below may not apply. You should speak to your financial adviser and/or the platform provider, or discretionary manager to confirm applicable charges.
| Dealing |
31 |
32 |
32 |
20 |
320 |
3,200 |
32 |
| Custodian* |
72 |
60 |
48 |
40 |
500 |
6,800 |
64 |
* Please note that for the pre January 2011 PIMS plans, the custodian fee is referred to as the 'Banking fee'
Flat Administration Fees
These are the flat administration fees that will have applied at the outset of a plan. They will have increased each year with inflation. We measure inflation based on the Isle of Man Retail Price Index. The fee is deducted on a quarterly basis in line with your plan start date, and continues until the plan comes to an end.
| Flat Admin Fee |
139.50 |
144 |
144 |
90 |
1,440 |
14,400 |
144 |
Additional Valuation Fees
If you require any paper valuations, the following charge will apply.
| Valuation fee |
139.50 |
144 |
144 |
90 |
1,440 |
14,400 |
144 |