FundsNetwork scraps additional charges on pension

The FundsNetwork SIPP, which launched in September, will only charge the investor fee if a client does not already pay this on any ISA or collectives they have on FundsNetwork in a sole named account. The costs which have been scrapped include: - £100 capped drawdown - £300 flexible drawdown - £250 overseas charge - £150 pension sharing order charge - £75 transfer/exit FundsNetwork head of sales Paul Richards said: "Our decision to remove all additional charges with immediate effect means that whether clients are in the accumulation phase or the decumulation phase and whether or...