Vanguard shuts retirement planning service

Vanguard Personal Financial Planning, which has been in operation for almost two years, cost 0.79% for its advice service, including ongoing fund charges, transaction and platform fees. It was launched as a restricted service, recommending only Vanguard products and investments.  The advice arm serviced those who had more than £50,000 to invest through its Vanguard UK Personal Investor platform. The investment giant said at the time it would recommend "a tailored investment portfolio made up of a finely-tuned mix of low-cost and broadly diversified equity and fixed income funds". H...