Expensive pensions, chasing investor compensation and Budget speculation begins - here's your weekly heads-up on the financial stories that may have caught your clients' attention over the weekend …
Move your pension, get four extra years of income The Telegraph quotes figures from consultancy firm LCP in this article, which warns savers of the long-term effect of high fees on their pension pots. Putting higher fees into context, the statistics quoted say a retiree in drawdown starting with a £500,000 pot could be up to £70,000 poorer over 25 years if they are with an expensive provider, rather than one who charges the average amount. LCP's Dan Mikulskis says the most costly providers charge 2% when the average is around the 1% mark, while The People's Pension's Phil Brown warns ...
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