The buy/sell spreads represent the estimated transaction costs, including brokerage fees and stamp duty, incurred when buying or selling underlying assets in relation to our investment options.
The spread charged is an additional cost to you when you contribute or withdraw from your account, if you switch between investment options or any other transaction is processed in your account balance (for example deduction of fees or insurance costs). As the spread is an adjustment to the unit price it will not be separately itemised in any statement you receive.
The buy/sell spreads are not a fee paid to Rest but is used to meet underlying asset transaction costs when incurred. They are set by the Trustee and may change without prior notice, including in circumstances of adverse market conditions. You should consider these costs when making any investment decision.
The following buy/sell spreads will be effective from 28 September 2020.