When I am 55, can I take my 25 per cent lump sum and put it in a Sipp, as this would give me access to many more investment funds than the handful available in my defined contribution work scheme? I would prefer to keep my work pension going though so I can still put … Read more
AJ Bell investors see charges rise as Sipp exit fees are scrapped: Platform overhauls customer costs as it posts a pandemic-fuelled bump in profit Investing platform has announced a run of changes to its fees and charges This includes the removal of Sipp exit fees and pension drawdown charges Cap on custody charges for shares … Read more
Commission-free share investing platform Freetrade will launch a self-invested personal pension in December this year, This is Money can reveal. App-based service, Freetrade, which is popular among millennials, saw its customer base almost double throughout 2020 off the back of its no share-dealing fees pricing. The Sipp will be available to new and existing customers, but … Read more
Investing in a pension is a far simpler task than it once was, with a whole host of mobile, online and face to face options available today. Thanks to the rise of self-invested personal pensions, or Sipps as they are commonly known, it is possible to easily build and manage a retirement pot of shares, … Read more
The penny hopefully dropped some time ago on how high charges eat returns when we invest for retirement, but do investors also pay enough attention when it comes to drawing on their pension? The difference in investing a £250,000 pension pot for drawdown retirement income between the most expensive and cheapest providers would be £11,300 … Read more