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pension
dburton
Posts: 13 Forumite
Hi
My daughter has just started work and is about to start paying into a pension she can afford £30 a month matched by her employer. so a total of £60. I have noticed in the paperwork the admin charges are £16 a month. this seems really excessive to me. Can anyone tell me if this is a normal charge? Any help will be much appreciated.
My daughter has just started work and is about to start paying into a pension she can afford £30 a month matched by her employer. so a total of £60. I have noticed in the paperwork the admin charges are £16 a month. this seems really excessive to me. Can anyone tell me if this is a normal charge? Any help will be much appreciated.
0
Comments
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Are you sure you have read this properly? Not 16 a quarter/year? For just the first year?
It seems very high.0 -
Who is the scheme provided by? There are some providers who could potentially charge that level of fee over the first year.I am an IFA. Any comments made on this forum are provided for information only and should not be construed as advice. Should you need advice on a specific area then please consult a local IFA.0
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