More drawdown products to use installation fees - Defaqto

At the moment 25% of income drawdown products charge installation fees, also known as set up fees in self-invested personal pensions (Sipp), with the level ranging from one-off amounts to percentages of the fund for set periods. The research from Defaqto predicts this amount will increase as many organisations adapt to the A-day rules. According to the report, Income Drawdown in the UK, annual management charges are the main pension product fee levied by providers. with many products designed on a nil commission basis with commissions built in via an increase to the charge or by a reducti...