prudential and scottish widows both making charges of up to 50% more
The FSA's comparative tables show stakeholder policyholders with Prudential and Scottish Widows pay at least 50% more in charges and deductions than Legal & General clients. The FSA, using data collected by external fund analysts, The Research Department, found a 25-year-old paying £100 a month into an L&G stakeholder, assuming 7% per year investment growth, would pay a total £29,064 in charges and deductions over the lifetime of the policy up to age 60. Someone paying the same contributions into a Prudential Stakeholder pension plan would have to pay £46,372 over the same period. A Sc...
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