Vanguard has launched a self-invested personal pension for D2C investors with account fees of 0.15%.
The SIPP is initially open to accumulation investors only, with fees across all accounts, including SIPP, ISA and GIA capped at £375. The firm said drawdown capabilities will be added in the 2020/21 tax year. Those using the platform can access 77 of Vanguard's own funds, including its exchange-traded funds, LifeStrategy range and Target Retirement Funds. If a saver were to invest £40,000 on the Vanguard platform and invest in the Target Retirement Fund, consultancy firm Platforum said they would pay £172 in fees for that first year - equivalent to 0.43%. That would invlude fund fees,...
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