(Effective 1st September 2009)
QROPS – IS&P Guernsey Retirement Fund

ESTABLISHMENT FEE
0.25% of the value of the initial contribution, with a minimum of STG 10,000 (plus disbursements). Thereafter the Annual Fee will fall due annually upon the anniversary of the admission date.

ANNUAL FEE
0.4%pa of the value of the sub-fund, with a minimum of STG 10,000pa (plus disbursements).

Fund Asset Value (STG)	Annual Fee (STG)
0-750,000	10,000
1,000,000	11,000
1,500,000	11,500
2,000,000	12,500
2,500,000	13,000
3,000,000	15,000
3,500,000	17,000
4,000,000	19,000
4,500,000	23,000
5,000,000 +	on application

ADDITIONAL CONTRIBUTION FEE
0.5% of the value of the contribution.

Global Pensions Group reserves the right to vary without notice the charges or to introduce additional charges circumstances arising that have consequences for the administration of the funds.