Provider Comparison FAQs
Please click on the questions below to show our response to the question...
What is the Provider Comparison tool used for?
The Provider Comparison calculator can be used to identify a competitive plan for a new investment of either a single or regular contributions. It can also be used when an existing pension scheme will not produce projections on the basis which you require.
What are your assumptions for NAE and RPI indexation?
NAE is assumed to be 3% below the growth rate, and RPI 4.5% below. So at 7%, NAE would be 4% and RPI would be 2.5%.
Can I set my own level of commission for the analysis?
Yes, you can either specify your required level of commission or specify a monetary fee to be deducted from the plan.
You don't hold the Provider/Plan I want to use on your system- what are my options?
You can email support@selectapension.com to see if we have any plans to add your provider/plan to the system, alternatively we have the facility for you to create your own "bespoke plans" to reflect the charges of the plan you wish to use, or you can use our "Generic" 1% AMC plan and bespoke this to reflect the charges.
Where can I find details of the default charges, commission and minimum criteria for the plans you hold on the system?
Details of plan charges can be found by clicking on the individual plan name on the results page, and in our Plan Charges and Commissions page after logging in.
Why are some plans showing as “Unavailable” on the results list?
This could be due to either the premiums not meeting the minimum plan
criteria (please see Plan Charges and Commissions page for details), the
fund selection not being available, or the commission chosen not being
available by the provider/plan. If you have special terms with the
provider, and know that they will accept a transfer which is normally
below their minimum criteria, you can select the plan as "pre-existing"
to waive these minimums.
Does the system allow you to filter products based on certain features?
Yes, you can specify the specific features your client is interested in, and only plans which offer these features will be shown.