Financial planning service for over-50s launched

Scott Sinclair
clock

A financial planning and investment service offering regulated advice, guidance and execution-only services to the over-50s has been launched in a joint venture between Tilney Bestinvest and Saga.

The service is targeting the estimated 12.5 million people who have no financial plan for retirement and has been launched with the backing of the Plain English Campaign for its 'jargon free' approach. Customers can "do it on their own" with free online and telephone support, take one-off guidance, or have a longer-term relationship with a professional adviser, the companies said. Initial adviser charges range from between 1% and 3% - depending on complexity - plus ongoing fees of between 0.75% and 1.25% per year. Service charges vary between 0.2% and 0.4% across the service's SIPP...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Companies

Tavistock snaps up hybrid advice firm for £6m in bid to refocus strategy

Tavistock snaps up hybrid advice firm for £6m in bid to refocus strategy

Acquires Lifetime Financial Management Intermediaries

Isabel Baxter
clock 11 September 2025 • 3 min read
Finli prepares 'sizable' acquisition as leadership transition gets underway

Finli prepares 'sizable' acquisition as leadership transition gets underway

Acquisition will bring in more younger advisers, Finli outgoing CDO says

Sahar Nazir
clock 11 September 2025 • 3 min read
Quilter welcomes latest intern cohort

Quilter welcomes latest intern cohort

Through wealth manager’s ‘Early Careers’ programme

Isabel Baxter
clock 10 September 2025 • 1 min read