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.
You can find more information about the available funds here.