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   PENSION PRODUCTS
     GENERAL
      CHARGING STRUCTURE

Review of Charges

Charges are expected to increase to reflect increasing costs. Alterations in charges will be made from time to time and are not automatic, but when they are increased, the increase will reflect the increase in RPI since the last increase. Monthly plan charges under plans previously administered by M&G Pensions and Annuity Company, will increase automatically by RPI on the annual plan anniversary.


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