Brew dolphin

Mick70

RL fees are shown here >

https://adviser.royallondon.com/globalassets/docs/adviser/guides/65g2035-pension-portfolio-charges-guide.pdf

jimi_man

Mick70 wrote: »

As far as I was lead to believe , IFA 0.35 and RL 0.35 , no other fees though , that’s what was indicated to me

Compared to some other threads on here, that sounds reasonable to me. Obviously it will amount to a lot but that's only a function of the large amounts of capital.

SonOf

Mick70 wrote: »

As far as I was lead to believe , IFA 0.35 and RL 0.35 , no other fees though , that’s what was indicated to me

If you use RL insured funds (which the vast majority of RL pensions do, then your figures are right where you would expect them to be.

Whilst the RL pension as a SIPP bolt on, it is very rarely used by advisers. So, you wouldn't incur the SIPP bolt-on fees if you are not using them. RL added it not to give full SIPP functionality but more for people who may want to put a small part of their money into a certain asset. It isn't aimed at people who want all their money in assets that can only be in a SIPP.

So, if you are like the majority of people, it will just by the basic charge minus the discount. There is a one-off drawdown charge if you go into drawdown in the first year (waived if done after 12 months).

There is also the mutual bonus that is paid each year. Whilst not guaranteed, it generally equates to around 0.15% p.a. back.