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...

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