Management fees are charged by Easyvest OFP exclusively on the Affiliates’ Account containing their vested reserves
Easyvest OFP charges an all-in annual management fee, expressed as a percentage, depending on the amount in each affiliate’s account. The exact percentage depends on the value of each affiliate’s account as well as the pension scheme (i.e., the type of pension plan) in which they participate.
These fees are invoiced in twelfths (1/12) at the end of each month of the calendar year.
For a collective pension plan for employees (PCP), the management fees are:
| Account Value of the Affiliate | Management Fees |
|---|---|
| Less than 24,999 € | 2.00 %/year VAT included |
| 25,000 € – 49,999 € | 1.90 %/year VAT included |
| 50,000 € – 99,999 € | 1.75 %/year VAT included |
| 100,000 € – 249,999 € | 1.60 %/year VAT included |
| More than 250,000 € | 1.50 %/year VAT included |
For a pension plan for directors, company individual pension agreement (CIPA), the management fees are:
| Account Value of the Affiliate | Management Fees |
|---|---|
| Less than 24,999 € | 1.50 %/year VAT included |
| 25,000 € – 49,999 € | 1.40 %/year VAT included |
| 50,000 € – 99,999 € | 1.25 %/year VAT included |
| 100,000 € – 249,999 € | 1.10 %/year VAT included |
| More than 250,000 € | 1.00 %/year VAT included |
These fees are stated inclusive of any applicable value-added tax (VAT).
The valuation of assets under management is their market value, calculated and provided by the Depositary.
Easyvest OFP does not charge any entry fees.
The Affiliated Company acknowledges and accepts that tracker management fees are included in the net asset value and performance of these trackers. These fees are not charged directly by Easyvest OFP and amount on average to 0.3% per year, depending on the tracker used.
Easyvest OFP’s commission on biometric insurance premiums (death, disability, waiver of premium, etc.) may amount to a maximum of 25%.
In the event of an outgoing transfer of pension commitments and assets managed by Easyvest OFP on behalf of an Affiliated Company to another pension institution, Easyvest OFP reserves the right to charge that Affiliated Company transfer fees amounting to 5% of the transferred reserves.
Subject to compliance with its statutes, Easyvest OFP will inform Affiliated Companies of any changes to costs and fees fifteen (15) days before the new pricing takes effect. In the absence of a reaction from the Affiliated Company within this fifteen (15) day period, it shall be deemed to have accepted the newly communicated pricing.