I'm trying to set up a pension for myself and the one I've been advised to do by a broker has a 2.5% contribution charge, and a 1.5% managment charge.
I know the 2.5% is taken off eack contribution you make, but I'm not sure how the 1.5% management fee works? Is 1.5% high, and will the management fee affect your final pension more than the contribution charge?
I know you can get cheaper pensions without using a broker, but I think I'd prefer some advisor but I want to make sure they're giving me a decent deal.
Cheers,
J
I know the 2.5% is taken off eack contribution you make, but I'm not sure how the 1.5% management fee works? Is 1.5% high, and will the management fee affect your final pension more than the contribution charge?
I know you can get cheaper pensions without using a broker, but I think I'd prefer some advisor but I want to make sure they're giving me a decent deal.
Cheers,
J