Three things your client may call you about this week ...

'Pension graveyard'

clock • 2 min read

Pension charges of 3%, money not making its way to charities and learning money lessons from Strictly - here's our last weekly heads-up of 2020 on the financial stories that may have caught your clients' attention over the weekend …

Rescue your savings form the pension graveyard More than 150,000 people with savings worth less than £5,000 with pensions provider Phoenix are paying up to 3% a year on their pots, according to this article in The Times. The article, which says paying 1% extra per year can be wipe out half an investor's earnings over a lifetime, says another 200,000 people paid up to 1.5% in costs on their savings.  The Times  also says contemporary policies sold through its Standard Life brand can be four times as expensive as those sold on other platforms. Among the rest of its statement, whic...

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 Your profession

The enduring value of advice in an era of DIY investing

The enduring value of advice in an era of DIY investing

'The debate is about execution and consistency'

Chris Ball
clock 10 March 2026 • 4 min read
Aberdeen's Kenny on 'hugely worrying' financial literacy gender gap

Aberdeen's Kenny on 'hugely worrying' financial literacy gender gap

Recent research findings

Jen Frost
clock 09 March 2026 • 3 min read
News editor's view: What I've learnt from ambitious young women in advice

News editor's view: What I've learnt from ambitious young women in advice

To mark International Women’s Day this year, I wanted to shine a light on the young female talent out there in the advice profession.

Isabel Baxter
clock 06 March 2026 • 4 min read