Different types of pension plans have different ways in which they set up their charges and fees.
The company bears all the costs of running the Harmsworth Pension Scheme. In personal pension plans like PensionSaver, the provider's administration and management charges are deducted from your pension account.
The company pays for the life assurance benefit that is available automatically in PensionSaver as well as setting it up for you, so you don't have to arrange this yourself. The company has also teamed up with a leading financial adviser, to help you buy your annuity when you retire.