Can anyone point me in the direction of the lowest cost tracker pensions.

bigadaj

mania112 wrote: »

My example would be 0.93% pa if you wanted to feed the hungry mouths of IFA's (assuming the IFA wanted to snack on 0.5% pa).

Unfortunately RDR has failed to force IFAs/Providers/Fund Managers to charge customers a fixed fee, rather than a percentage (surely something they initially intended to do).

Whether it is fixed fee or percentage wouldn't be that important if it was clear and explicit and comparable, which its clearly not.

mania112

bigadaj wrote: »

Whether it is fixed fee or percentage wouldn't be that important if it was clear and explicit and comparable, which its clearly not.

I disagree.

Arguably not the AMC, but the provider and the IFA can still charge more to people with more money, but offer the exactly the same service. I can't see how it's fair or justified.

Eg, @ 3% for a pension transfer, 1% pa to the provider and 0.5% for ongoing servicing

Client A: with £100,000 - £4,455 in charges.

Client B: with £1,000,000 - £44,550 in charges.

For exactly the same service. Perfectly legal.