At Scottish Friendly, we care about our customers, and we're committed to providing
you with the best possible service and value. As part of this commitment, we've
updated our charging structure for our ISA and Junior ISA Products. These changes
will vary based on the type of funds your account invests in.
But what exactly is this updated charging structure, and why have we made this
change? Let's break it down.
What is the Updated Charging Structure?
Unit Linked Funds
If you are invested in our Unit Linked Funds within our ISA and Junior ISA’s, the
charging structure follows a tiered approach, which means that as your fund value
grows, your overall percentage charge will decrease, giving you lower fees the more
you invest.
This tiered approach means you’ll pay 1.5% on the first £5,000, 1% on amounts
between £5,001 and £20,000, and 0.5% on any amount over £20,001.
Unitised With-Profits Funds
Investments in our Unitised With-Profits Fund are subject to an annual fee of 1.50%,
which is reflected in the bonus rates we declare. Over 2025 we will apply a special
offer, reducing the overall charge applied to Unitised With-Profits Funds in your ISA
or Junior ISA by 0.25%. This means bonuses applied over 2025 will reflect a
reduced annual fee of 1.25%.
Why Are We Introducing This Charging Structure?
By making these changes to how we charge, it will help ensure a consistent
approach in the way charges are applied across all of your accounts in our ISA and
Junior ISA product range, making it easier for you to compare and understand the
different variants available to you.
When Did It Take Effect?
Our updated charging structure went live in February 2025.
More Information:
