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.