Legal & General step up pension fees

Legal & General has increased charges for small savers across almost its entire pension fund range but it is to expand its products to include a deferred Sipp and an openarchitecture pension. Those with less than £15,000 invested will face a temporary additional AMC of 0.5% (0.2% non commission) on top of the 1% they already pay. But those with £15,000 to £25,000 of assets will see their annual charges drop 0.1% to 0.9%. Charges for upper bands remain the same. The changes apply to its stakeholder pension, personal pension and Sipp offerings although the direct online Stakeholder pensio...