Life company pensions more expensive than platforms
Consumers may be losing up to £100,000 due to costs and fees
Consumers may be losing up to £100,000 due to costs and fees
‘Everyone is muscling in on the action’ but don’t be lured in by the cheapest providers
It believes costs are a barrier to people saving
Value assessments deem 1.24% fund fees too high
After it breached ‘fees for no service’ rules
Clients will now be charged a one-off lumpsum according to the service they need
With nearly half considering leaving the space within a year
‘We should not be paying for the sins of everyone else’ says IFA and Linkedin page co-founder
Firm creates confusion by using bundled fees to compare its funds to rivals without advice offerings
After it was reported the company put customers into pricier poor-performing funds
Industry needs to brace itself because ‘the prospect of any change soon is extremely unlikely’
Some 62% believe that the market will not be profitable going forward