Discussion
With a lot of discussion about pensions in the last few days its got me thinking how do I find out what fees I am paying to my pension provider?
I have no documentation other than each year I get a letter saying my payment is going up by 10%. The letter does not even tell me my balance. I have to ask my IFA for that.
Is it just a case of ringing the pension provider and they will tell me over the phone?
Once I have the fees, which I presume they will present in the most complex way possible, whats the best way to work out what I will pay over the lifetime of the pension?
I have no documentation other than each year I get a letter saying my payment is going up by 10%. The letter does not even tell me my balance. I have to ask my IFA for that.
Is it just a case of ringing the pension provider and they will tell me over the phone?
Once I have the fees, which I presume they will present in the most complex way possible, whats the best way to work out what I will pay over the lifetime of the pension?
My IFA insists on it going up by 10% PA. Its a personal pension, no company contribution (well that's not strictly true as my company pays it - but its still my money IYSWIM).
We actually refused to put it up last year as performance has been so bad and we had better things to spend the money on (we were buying a property).
We actually refused to put it up last year as performance has been so bad and we had better things to spend the money on (we were buying a property).
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