Posted 1 Feb 2017 | CFM News

Changes to the CF Personal Pension Trust

Significant changes to the Trust and your investment will take place at the end of March 2017. 

We wrote to you recently enclosing a document telling you of a number of changes to the CF Personal Pension Trust. This document, Investor Circular - 30 January 2017, contains important information regarding those changes. We recommend that you read this document. We have provided a Frequently Asked Questions to help you in understanding the changes.

If you are in one of the 'Lifestyle Options' (this will be shown in the letter sent to you), you may wish to consider whether this Lifestyle Option continues to be suitable for you and your circumstances.

If you are in any doubt about these changes and how they affect you, you may wish to discuss the changes with your professional advisor or by seeking free and impartial guidance from Pension Wise.

If you have any further questions about your holdings or the content of the circular, then please contact us on 0345 055 0606.

Changes to fees payable to the Trustee

In addition to the changes to the CF Personal Pension Trust, there will, with effect from the 1 June 2017, be changes to the fees payable to the Trustee, and these are detailed below.

Value of the sub-fund Amount payable as a percentage of the sub-fund's value
The first £100,000,000 0.03%
£100,000,001 - £150,000,000 0.0175%
Over £150,000,001 0.001%