A
anny
Guest
I have just retired and the fees being charged for my pension fund is as follows.. is this the norm.. please advise.. I am completely a novice to handling pension issues.
"In the case of all of these policies above X receives an annual renewal commission of 0.50% of the fund value at the anniversary date under these policy arrangements.
There are annual management charges payable in the following amounts based on the funds selected within the 3 different policies:
1. Aviva Irl Cash Fund: 1% Annual Fund Management Charge (deducted monthly)
2. Standard Life Rabo Direct Demand Deposit: 1% Annual Fund Management Charge (deducted monthly)
3. Standard Life UK Nationwide Demand Deposit: 1% Annual Fund Management Charge (deducted monthly)"
Thanks
"In the case of all of these policies above X receives an annual renewal commission of 0.50% of the fund value at the anniversary date under these policy arrangements.
There are annual management charges payable in the following amounts based on the funds selected within the 3 different policies:
1. Aviva Irl Cash Fund: 1% Annual Fund Management Charge (deducted monthly)
2. Standard Life Rabo Direct Demand Deposit: 1% Annual Fund Management Charge (deducted monthly)
3. Standard Life UK Nationwide Demand Deposit: 1% Annual Fund Management Charge (deducted monthly)"
Thanks