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Good news on investment charges
1/07/2015

Good news on investment charges

There is some good news about the amount that our suppliers charge for investment services.

The Government has introduced a charge cap of 0.75% per annum on default funds used by members who are auto-enrolled into a pension scheme.

FuturePlanner charges are already within this cap, but the Trustees have reviewed the terms available from our suppliers and have been able to secure a reduction of around 0.1% for each of our growth funds. For example, the charge for the Long Term Growth fund is expected to reduce from 0.75% to 0.6% per annum.

Keeping these costs low helps in building your pension pot over your career with Leonardo MW Ltd. The change was effective from 1 July 2015.

If you would like more information about the funds you can visit the Old Mutual Wealth site.