Chevron UK Pension Plan Costs and Charges
Chevron UK Pension Plan Costs and Charges
Chevron UK Pension Plan Costs and Charges

Below are the different funds and charges we’ve assumed in our example scenarios. A list of all the funds available in the Plan and their charges can be found in the Chair Statement in the Documents section.

NameCosts and charges met by members
Core Default Arrangement0.200% to 0.250%
Fidelity BlackRock World (exUK) Equity Index Fund0.260%
Fidelity BlackRock UK Equity Index Fund0.260%
Fidelity BlackRock Over 15 Years UK Gilt Index Fund0.200%
Fidelity BlackRock Cash Fund0.200%
Fidelity Chevron Equity/Bond Split 75/25 Fund0.260%

The illustrations below show the projected fund values based on certain assumptions before and after charges so the potential impact of charges is clearly shown.

Members should be aware these are simply illustrations, and so the actual fund values and implication of charges for members’ investments may be different if members’ personal details or investment choices differ from those shown or the assumptions are not borne out. For further details, please refer to the DC Chair Statement found in the Documents section of this website and refer to Appendix 2.

The Default Funds

Fidelity Chevron Equity/Bond Split 50/50 Lifestyle StrategyFidelity BlackRock Cash FundFidelity BlackRock UK Equity FundFidelity BlackRock World (ex-UK) Equity Index FundFidelity Chevron Equity/Bond Split 50/50 Fund
Example memberYearsBefore chargesAfter chargesBefore chargesAfter chargesBefore chargesAfter chargesBefore chargesAfter chargesBefore chargesAfter charges
New Section 'Over the Cap' members (youngest member)1£2,200£2,200£2,200£2,200£2,300£2,300£2,300£2,300£2,200£2,200
3£5,600£5,600£5,500£5,500£5,800£5,800£5,800£5,800£5,600£5,600
5£9,500£9,400£9,100£9,100£9,900£9,800£9,900£9,800£9,500£9,400
10£19,400£19,200£18,000£17,800£21,200£20,800£21,100£20,800£19,400£19,200
15£32,100£31,500£28,800£28,400£36,300£35,500£36,300£35,500£32,100£31,500
20£46,500£45,300£40,300£39,500£54,800£53,200£54,600£53,200£46,500£45,300
25£63,900£61,800£53,700£52,500£78,100£75,300£77,900£75,300£63,900£61,800
30£83,300£80,100£67,800£65,900£106,000£101,500£105,700£101,500£83,300£80,100
35£100,700£96,300£81,500£79,000£138,000£131,000£137,600£131,000£103,800£99,100
36£103,300£98,800£84,300£81,600£145,000£137,400£144,500£137,400£108,000£103,000
Fidelity Chevron Equity/Bond Split 50/50 Lifestyle StrategyFidelity BlackRock Cash FundFidelity BlackRock UK Equity FundFidelity BlackRock World (ex-UK) Equity Index FundFidelity Chevron Equity/Bond Split 50/50 Fund
Example memberYearsBefore chargesAfter chargesBefore chargesAfter chargesBefore chargesAfter chargesBefore chargesAfter chargesBefore chargesAfter charges
New Section 'Over the Cap' members (average member)1£23,700£23,600£23,400£23,300£24,000£24,000£24,000£24,000£23,700£23,600
3£33,200£33,000£32,000£31,900£34,500£34,300£34,500£34,300£33,200£33,000
5£43,500£43,000£41,100£40,800£46,100£45,600£46,100£45,600£43,500£43,000
10£74,500£73,200£67,800£66,900£82,700£81,200£82,600£81,200£74,500£73,200
15£107,000£104,400£94,000£92,300£124,700£121,400£124,400£121,400£107,300£104,700
19£129,300£125,600£114,500£112,000£162,700£157,300£162,300£157,300£135,000£130,900
Fidelity Chevron Equity/Bond Split 50/50 Lifestyle StrategyFidelity BlackRock Cash FundFidelity BlackRock UK Equity FundFidelity BlackRock World (ex-UK) Equity Index FundFidelity Chevron Equity/Bond Split 50/50 Fund
Example memberYearsBefore chargesAfter chargesBefore chargesAfter chargesBefore chargesAfter chargesBefore chargesAfter chargesBefore chargesAfter charges
DB AVC payers (youngest member)1£8,600£8,500£8,500£8,500£8,700£8,600£8,700£8,600£8,600£8,500
3£19,900£19,800£19,400£19,300£20,500£20,400£20,500£20,400£19,900£19,800
5£31,500£31,200£30,200£30,000£32,900£32,700£32,900£32,700£31,500£31,200
10£61,600£60,700£56,800£56,200£67,300£66,200£67,200£66,200£61,600£60,700
15£93,400£91,400£83,000£81,600£106,700£104,200£106,500£104,200£93,400£91,400
20£127,100£123,400£108,600£106,300£152,000£147,200£151,600£147,200£127,100£123,400
25£162,200£156,400£133,700£130,200£203,900£195,800£203,300£195,800£162,700£156,800
29£184,300£177,000£153,500£148,900£250,900£239,200£250,100£239,200£192,700£184,600
Fidelity Chevron Equity/Bond Split 50/50 Lifestyle StrategyFidelity BlackRock Cash FundFidelity BlackRock UK Equity FundFidelity BlackRock World (ex-UK) Equity Index FundFidelity Chevron Equity/Bond Split 50/50 Fund
Example memberYearsBefore chargesAfter chargesBefore chargesAfter chargesBefore chargesAfter chargesBefore chargesAfter chargesBefore chargesAfter charges
DB AVC payers (average member)1£35,700£35,600£35,200£35,100£36,200£36,100£36,200£36,100£35,700£35,600
3£47,200£46,900£45,500£45,200£49,200£48,800£49,100£48,800£47,200£46,900
5£59,000£58,400£55,700£55,200£62,800£62,100£62,800£62,100£59,000£58,400
10£88,100£86,500£80,800£79,700£100,500£98,500£100,400£98,500£89,700£88,000
12£98,200£96,200£90,800£89,300£117,100£114,400£117,000£114,400£102,400£100,100
Fidelity Chevron Equity/Bond Split 50/50 Lifestyle StrategyFidelity BlackRock Cash FundFidelity BlackRock UK Equity FundFidelity BlackRock World (ex-UK) Equity Index FundFidelity Chevron Equity/Bond Split 50/50 Fund
Example memberYearsBefore chargesAfter chargesBefore chargesAfter chargesBefore chargesAfter chargesBefore chargesAfter chargesBefore chargesAfter charges
Deferred New Section member (youngest member)1£200£200£200£200£200£200£200£200£200£200
3£200£200£200£200£200£200£200£200£200£200
5£200£200£200£200£200£200£200£200£200£200
10£200£200£200£200£300£300£300£300£200£200
15£200£200£200£200£300£300£300£300£200£200
20£300£200£200£200£300£300£300£300£300£200
25£300£200£200£200£400£400£400£400£300£200
30£300£300£200£200£500£400£500£400£300£300
35£300£300£200£200£500£500£500£500£300£300
40£300£300£200£200£600£500£600£500£300£300
Fidelity Chevron Equity/Bond Split 50/50 Lifestyle StrategyFidelity BlackRock Cash FundFidelity BlackRock UK Equity FundFidelity BlackRock World (ex-UK) Equity Index FundFidelity Chevron Equity/Bond Split 50/50 Fund
Example memberYearsBefore chargesAfter chargesBefore chargesAfter chargesBefore chargesAfter chargesBefore chargesAfter chargesBefore chargesAfter charges
Deferred New Section member (average member)1£10,100£10,100£10,000£9,900£10,300£10,300£10,300£10,300£10,100£10,100
3£10,300£10,300£9,900£9,800£10,900£10,800£10,900£10,800£10,300£10,300
5£10,600£10,400£9,800£9,700£11,500£11,300£11,500£11,300£10,600£10,400
10£10,800£10,600£9,600£9,400£13,200£12,800£13,100£12,800£11,200£10,900
11£10,800£10,500£9,600£9,400£13,500£13,100£13,500£13,100£11,300£11,000
Chevron UK Pension Plan Costs and Charges
When we show figures

When projecting pension savings, we show the value in today’s terms, which means we have already taken into account the impact that inflation may have on the buying power of those pension savings. Some funds may not be expected to grow as much as inflation and so the buying power of those pension savings would be expected to go down over time.

Inflation is assumed to be 2.5% each year.

Values shown are estimates and are not guaranteed.