Royal & SunAlliance Tip fees reduced as fund grows

Royal & SunAlliance has launched a Trustee Investment Plan (Tip) with annual management fees which decrease as the fund size increases. The Tip, available via the group's Pensions Solutions administration system, is aimed at trustees and managers of self administered exempt approved pension schemes and Sipps. It pays no initial commission and provides remuneration only via annual commission, which can be sacrificed to provide a lower annual management fee. The base annual management charges are 0.8% for funds under £50,000, 0.7% for funds between £50,000 and £149,999, 0.6% for funds...