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

'Five possible taxes'

clock • 2 min read

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 ...

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 Investment

Watch Professional Adviser's Working Lunch with Baillie Gifford - Enduring Growth in a Changing World

Watch Professional Adviser's Working Lunch with Baillie Gifford - Enduring Growth in a Changing World

Catch up on the discussion

Professional Adviser
clock 21 August 2025 • 1 min read
PA Awards 2025: Why MyFolio Index came out top as Best Risk Targeted Range of Funds

PA Awards 2025: Why MyFolio Index came out top as Best Risk Targeted Range of Funds

Aberdeen Investments Senior Investment Director and Head of Managed & Model Solutions Justin Jones shares what sets MyFolio Index apart following its Best Risk Targeted Range of Funds award win at the Professional Adviser Awards 2025.

Professional Adviser
clock 19 August 2025 • 3 min read
Woodford IM hits back at FCA's enforcement action including £46m in fines

Woodford IM hits back at FCA's enforcement action including £46m in fines

WIM said it 'strongly disagrees' with the regulator's decision

Cristian Angeloni
clock 05 August 2025 • 3 min read