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Stakeholder Pension
billy78
Posts: 73 Forumite
Hi all,
Just had a look at the performance of my stakeholder funds and noticed the annual charges stated at the bottom of the screen. My employers scheme is with friends provident and, when I chose the funds I wanted to invest in, was told that there was a 0.95% management charge. However, there is a charge per fund stated on my page. Is this correct? I thought that by spreading the investment over 5 funds - covering pacific rim, America's, etc, i'd have a diverse portfolio, but, if these charges are correct, am i simply going to be paying alot more in fees and be better off choosing the best performing one or two? Help!
Bill.
Just had a look at the performance of my stakeholder funds and noticed the annual charges stated at the bottom of the screen. My employers scheme is with friends provident and, when I chose the funds I wanted to invest in, was told that there was a 0.95% management charge. However, there is a charge per fund stated on my page. Is this correct? I thought that by spreading the investment over 5 funds - covering pacific rim, America's, etc, i'd have a diverse portfolio, but, if these charges are correct, am i simply going to be paying alot more in fees and be better off choosing the best performing one or two? Help!
Bill.
0
Comments
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The annual management charge is a percentage of your value and does not vary with the number of funds you have (unless you pick funds with variable charges).
i.e. 1 fund of £100,000 with an amc of 1% has the same charges as 10 funds of £10,000 with an amc of 1% each.I am an Independent Financial Adviser (IFA). The comments I make are just my opinion and are for discussion purposes only. They are not financial advice and you should not treat them as such. If you feel an area discussed may be relevant to you, then please seek advice from an Independent Financial Adviser local to you.0
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