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The finance giant is launching a no-frills Self-Invested Personal Pension for people who want an easy way to invest for retirement but are unsure how to get started. ....
‘Small changes – just a fraction of 1% – can make a real difference’ Several players within the pensions sector have started to implement “disruptive” fees and charges plans, a trend that could mean good news for investors in the long run, says advisory firm LCP. For example, the Vanguard Sipp’s annual account fee is now at 0.15% capped at £375 ($514, €424); platform Interactive Investor removed its drawdown fee on its Sipp in October 2020; while AJ Bell followed suit with the removal of pension freedoms charges and by setting its platform fee at up to 0.25%. A study by The Lang Cat in November 2020 showed that, in the next five years, charges for private wealth investors could fall by a third to 1.35% a year from 2.18%. ....
Link copied Make the most of your money by signing up to our newsletter for FREE now SUBSCRIBE Invalid email When you subscribe we will use the information you provide to send you these newsletters. Sometimes they ll include recommendations for other related newsletters or services we offer. Our Privacy Notice explains more about how we use your data, and your rights. You can unsubscribe at any time. Pension saving for some will be a challenge, as it involves putting away a sum of money in the present in order to benefit in the future. However, with the full State Pension currently sitting at £175.20, the sum is increasingly viewed as a safety net to the savings a person makes for themselves. In this vein, understanding pension contributions and the arrangements one has in place are likely to be more important than one may perhaps think on a surface level. ....