Now Pensions launches AE cost comparison index showing 'devastating fees'

Charges could erode savings

"We hope our analysis will encourage employees to shop around for the AE provider that suits them best and look at fee structures over the long-term to ensure they are getting the most out of their hard-earned money," - NOW: Pensions' Adrian Boulding
"We hope our analysis will encourage employees to shop around for the AE provider that suits them best and look at fee structures over the long-term to ensure they are getting the most out of their hard-earned money," - NOW: Pensions' Adrian Boulding
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Now Pensions has launched an auto-enrolment (AE) cost comparison index to illustrate the long-term implications of fees charged by pension providers.

The master trust said that while the recent increase in total AE minimum contributions in April - from 5% to 8% - this means long-term charges levied by providers could potentially erode savers' retirement...

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