The costs incurred in the management and administration are fixed – irrespective of the size of the funds. On the other hand, an insured scheme is likely to be subject to an annual percentage charge for an amount of money which, typically, has to be invested with them.
Thus, as your fund grows, it becomes increasingly cost effective in comparison to an insured scheme.
Our current fees are detailed in our SSAS or SIPP fee agreements, available in the downloads section of this website.