Quarterly current charges update

Policy form numbers of GLP4-6 and GPP4-6

The charges below are correct as at 1 October 2023.

For Global Portfolio policyholders with policy form numbers^ of GLP4/5/6 and GPP4/5/6, please refer to the charges as below.

Administration charge

We will take a fixed administration charge on the first day of each calendar quarter to cover the previous quarter’s charge. The current charges are:

USD 156.40* HKD 1,267.00 JPY 23,590.00
GBP 128.00* CHF 142.80 AUD 250.20
SGD 218.60 EUR 149.50 SEK 1,780.00

Dealing charge 

We will take a fixed dealing charge each time your clients buy or sell an asset. We will take any dealing charges in the currency of the deal on the last day of the calendar quarter in which the deal was placed. We will not charge this fee when your clients transfer money from a General Transaction Account (GTA) in one currency to one in a different currency. The current charges are:

USD
47.00*
SGD
65.70
GBP
38.50*
AUD
75.30
CAD
66.00
CHF
43.00
DKK
335.00
EUR
45.00
HKD
381.00
JPY
7,090.00
NOK
517.00
NZD
82.00
SEK
536.00
ZAR
910.00

Ad-hoc charge

A charge will be taken from the GTA in the policy currency each time your clients make certain requests in relation to your policy. The current charge is:

USD 229.10* GBP 187.50* SGD 320.20 AUD 366.50 CHF 209.20
EUR 218.90 HKD 1,856.00 JPY 34,550.00 SEK 2,608.00

* The fixed amount charges in currencies other than US dollars are set by the appointed actuary four times each year, 28 days prior to each calendar quarter end. The amounts are based on the US dollar charges but can vary from quarter to quarter depending on the movements in exchange rates.

Other policy form numbers

For all other Global Portfolio policyholders’ policy form numbers^ please refer to the charges as below.

Administration charge

We will take a fixed administration charge on the first day of each calendar quarter to cover the previous quarter’s charge. The current charges are:

USD 300.50* HKD 2,358.00 JPY 43,880.00
GBP 238.10 CHF 265.70 AUD 465.40
SGD 406.60 EUR 278.10 SEK 3,312.00

Dealing charge

We will take a fixed dealing charge each time your clients buy or sell an asset. We will take any dealing charges in the currency of the deal on the last day of the calendar quarter in which the deal was placed. We will not charge this fee when your clients transfer money from a General Transaction Account (GTA) in one currency to one in a different currency. The current charges are:

USD
67.00*
SGD
90.70
GBP
53.10
AUD
103.80
CAD
91.00
CHF
59.20
DKK
462.00
EUR
62.00
HKD
526.00
JPY
9,780.00
NOK
713.00
NZD
112.50
SEK
739.00
ZAR
1,258.00

Ad-hoc charge

A charge will be taken from the GTA in the policy currency each time your clients make certain requests in relation to your policy. The current charge is:

USD 331.00* GBP 262.30 SGD 447.90 AUD 512.70 CHF 292.70
EUR 306.30 HKD 2,597.00 JPY 48,340.00 SEK 3,648.00

Asset exchange charge

We will take a charge for each individual asset in relation to your Global Portfolio policy. If it is necessary to convert it into another currency we will do this at the exchange rate on the day the charge is taken.

Charge per asset USD 200

* The fixed amount charges in currencies other than US dollars are set by the appointed actuary four times each year, 28 days prior to each calendar quarter end. The amounts are based on the US dollar charges but can vary from quarter to quarter depending on the movements in exchange rates. 

^ Your policy form number can be found on your policy schedule.

Please remember that investment involves risk. Fund prices may go up and down depending upon underlying investment performance, and the value of your investment cannot be guaranteed. The value of investments can be impacted by foreign exchange rate movement. You may get back less than you paid in.