I understand. The trouble is financial commissions may not seems like alot but they are on going and annual.
They have been proven to seriously stunt growth. Even in bad years they'll take money.
I would look at low cost trackers, for simplicity.
I would encourage everyone to manage there own money. It's not hard and I'm not having my pension pay for some idiots ferrari.
If u add up the commissions and fees/admin chrges to be had on a life long pension it could be ferrari.
I have an uncle that recently transferred his pension the fees were £7500 It would have been more but that s the legal max.
That was probably a days work for the broker.
I understand. The trouble is financial commissions may not seems like alot but they are on going and annual.
They have been proven to seriously stunt growth. Even in bad years they'll take money.
I would look at low cost trackers, for simplicity.
I would encourage everyone to manage there own money. It's not hard and I'm not having my pension pay for some idiots ferrari.