FAQs

• What are the charges?
• What happens to my money once invested?
• Who does Parasol use for its pension scheme?
• Why Norwich Union?
• How do I find out more?

There are no initial charges whatsoever, so you can be confident that 100% of your contributions are invested.

• Low admin charges – you have a massive choice of investment  funds and many have annual management charges of only 1% *

• More cost effective to run than many ISA investments.

*the bulk of funds available are therefore below the charges cap of government’s stakeholder pension initiative.

Your investment remains in a tax efficient environment and can grow to help fund your lifestyle when you retire (benefits can be drawn anytime after age 55 for most members).

The scheme is with Norwich Union.

"AA" rating of financial strength from Standard & Poors, the leading Independent rating agency.

We have every confidence that Norwich Union can maintain its position as a specialist pension’s provider. Norwich Union have a wide range of funds ranging from property, low risk bonds and fixed interest funds through to more equities based investments.

After consultations, by telephone, in person or by email, we will be happy to recommend a range of investment funds that suit your requirements.

Whilst we are confident that there is no better way to invest whilst you work through Parasol, as IFAs we are happy to review any existing investments you already have or considering and will happily give an unbiased appraisal of their suitability.

To learn more about the scheme and to receive a personalised quotation please complete our Pensions Finder or call us on 0845 062 8000. You can also consult our Group Pension FAQ’s