Volkswagen Pension Scheme Discover - Volkswagen Pension Costs

Your Volkswagen Group Pension Scheme

We are living and working longer than ever before and looking forward to a longer retirement. Whether your retirement is still a way off, or just around the corner, planning ahead will help make sure you can fully enjoy life after work.

During these unprecedented times financial security is rightly at the forefront of many people's minds.

For the individual saver, the recent stock market volatility and economic uncertainty has inevitably lead to the key question – how will this affect my pension and retirement plans? There is help and guidance available to you, to find out more please read the document below.

COVID-19 AND YOUR PENSION

PENSION FRAUD

As a member of the Volkswagen Group Pension Scheme (the Scheme), you'll have your own Pension Account into which all payments will be made. You'll have control over how much you pay in, how your pension savings are invested, and how you take benefits from your Pension Account. In addition to your payments, money will be paid by the Company, and by the Government by way of tax relief.

Remember saving for later life is not just a one-off decision. Whether stopping work is far off in the future or just around the corner, you'll need to make sure you stay on track to reach your retirement goals.

Costs and charges

Your pension savings in the Scheme are held and invested in investment funds. Each fund is different depending on:

Its aims – one fund may concentrate on growing your pension savings, while another may concentrate on protecting the value of your pension savings
Its investment – some funds might choose to invest for long-term growth, while others might aim for stability over the short-term.

The Trustee monitors the Scheme's funds to ensure they are suitable for the membership. Part of this role includes having to make available to members details of the on-going charges incurred by members in investing in each fund.

The Volkswagen Group Pension Scheme Chair's statement

Statement of Investment Principles

The Trustee has ultimate responsibility for the investments of the Scheme's assets and is required, under legislation, to prepare and review regularly a Statement of Investment Principles. This statement sets out the principles governing decisions about the investments of Scheme assets.

The Volkswagen Group Pension Scheme Money Purchase SIP

The Volkswagen Group Pension Scheme Final Salary SIP