Group Triple C Plan: Charges

The charges are typically split into set-up charge and thereafter, a percentage of each paid premium. The percentage varies depending on the size of the plan etc., but likely to be between 4% and 6%. The set up charge depends on the size of the plan and the complexity of the premium and benefit structure. The charge is typically £2,500 but can vary between £0 and £5,000.

Nordben reserves the right to make an annual charge of £85 (or currency equivalent) per policy or such other charge as may be determined from time to time. This is deducted from either the retirement account or a paid up policy if the account is less than £17,000 (or currency equivalent) or such other amount as Nordben may determine from time to time. Nordben is not currently making this charge.

Nordben also reserves the right to make a charge on the Triple C policyholders' fund. The Board has determined that, at present, the charge will not exceed a half of one per cent of funds per annum.   Nordben reserves the right to increase the level of this charge.