Hi,
I'm in a DB Company pension scheme (as a PAYE employee) and I'm interested in increasing my pension arrangements with regular AVC's. My employer uses a broker for the main scheme and he will charge 5% of the AVC apart from any fund charges.
Do I have to route my AVC's through him and also would he be expected to offer a full range of products e.g. incl low charge funds and broker unfriendly products (Quinn?)? Initial proposal from the broker is for Canada Life and no mention of what the fund charges are so I'm keen to know what my options are before I go back to him
Thanks,
Redzer
I'm in a DB Company pension scheme (as a PAYE employee) and I'm interested in increasing my pension arrangements with regular AVC's. My employer uses a broker for the main scheme and he will charge 5% of the AVC apart from any fund charges.
Do I have to route my AVC's through him and also would he be expected to offer a full range of products e.g. incl low charge funds and broker unfriendly products (Quinn?)? Initial proposal from the broker is for Canada Life and no mention of what the fund charges are so I'm keen to know what my options are before I go back to him
Thanks,
Redzer