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...
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