Quarterly current charges update
Policy form numbers of GLP4-6 and GPP4-6
The charges below are correct as at 1 July 2024.
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 176.20* | HKD 1,390.00 | JPY 27,900.00 |
| GBP 139.50* | CHF 160.20 | AUD 267.10 |
| SGD 240.10 | EUR 163.60 | SEK 1,868.00 |
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 53.10* |
SGD 72.30 |
GBP 42.00* |
AUD 80.40 |
CAD 72.90 |
CHF 48.20 |
DKK 367.00 |
| EUR 49.30 |
HKD 418.00 |
JPY 8,400.00 |
NOK 562.00 |
NZD 87.00 |
SEK 562.00 |
ZAR 1,010.00 |
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 257.70* | GBP 204.00* | SGD 351.10 |
| AUD 390.50 | CHF 234.30 | EUR 239.30 |
| HKD 2,032.00 | JPY 40,800.00 | SEK 2,732.00 |
* 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 327.00* | HKD 2,558.00 | JPY 51,390.00 |
| GBP 256.80 | CHF 295.00 | AUD 491.70 |
| SGD 442.00 | EUR 301.20 | SEK 3,439.00 |
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 73.00* |
SGD 98.70 |
GBP 57.30 |
AUD 109.80 |
CAD 99.50 |
CHF 65.90 |
DKK 502.00 |
| EUR 67.20 |
HKD 571.00 |
JPY 11,470.00 |
NOK 767.00 |
NZD 118.80 |
SEK 768.00 |
ZAR 1,374.00 |
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 360.00* | GBP 282.80 | SGD 486.60 |
| AUD 541.30 | CHF 324.80 | EUR 331.60 |
| HKD 2,816.00 | JPY 56,570.00 | SEK 3,786.00 |
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.