Winterthur Life has reduced the charging structure on its multi-manager personal pension to make it ...
Winterthur Life has reduced the charging structure on its multi-manager personal pension to make it competitive against stakeholder products. The group has removed the 1% regular contributions charge on the product. It estimates this makes the reduction in yield on the pension considerably less than that on a standard product charging 1%. The only costs on the plan will be an initial charge of £130 and an annual fee of £80. Charges on the underlying funds in the Winterthur range vary. Assuming a 20-year term and a fund growth of 7%, reduction in yield will amount to 0.63% on a single ...
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