You can view the Total Cost figure made up of the Transaction Costs plus the Total Expense Ratio (TER or fund fee) for any of the funds available within your pension scheme, which you may be familiar with from the fund factsheets.
You can also view an illustration which takes these costs and projects them to show you the impact of these charges on your eventual retirement pot, i.e. what you might receive if there were no fund charges compared to what you might receive because of them. This is available by fund or by Lifestyle Strategy (if you’re invested in one) and is expressed in monetary terms rather than a percentage figure.
These are not specific to individual members and are based on an average contribution for your scheme, and an average retirement pot size - again specific to your own scheme. This should give you an indication of the impact of the charges.
Please note this is not an illustration of what you might receive at retirement. Please see your annual account statement for a personal Retirement Illustration.