Hidden charges eroding your pension header

Hidden charges eroding your pension

Pension charges. Most don’t even know they pay them. Worse still, our research shows that we could all be signing ourselves up for hefty charges on our pensions - which could delay retirement by 2 years. And with auto-enrolment and people working an average of 11 jobs, it’s more important than ever to unveil those hidden charges.

Hidden charges eroding your pension | Profile Pensions
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Hidden charges eroding your pension | Profile Pensions
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Hidden charges eroding your pension | Profile Pensions
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Hidden charges eroding your pension | Profile Pensions
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For more help on pension charges, what they mean and how they could affect you visit our top tips page.

If you want us to review all your pensions and tell you how much you’re paying, sign up today for no up front cost.

Sources

https://www.abi.org.uk/news/news-articles/2018/10/the-uks-lost-pension-mountain-could-be-worth-20-billion/https://www.hitched.co.uk/wedding-planning/organising-and-planning/the-average-wedding-cost-in-the-uk-revealed/https://www.renault.co.uk/vehicles/new-vehicles/all-new-clio/configurator.html#configure/AiWfudtsb0gpgQK/packs

Methodology

Consumer survey – all figures, unless otherwise stated, are from YouGov Plc. Total sample size was 2096 adults. Fieldwork was undertaken between 15th - 16th October 2019. The survey was carried out online. The figures have been weighted and are representative of all GB adults (aged 18+).

3,713 pensions reviewed by Profile Pensions between January 2019 - October 2019.

ONS data for Average stay, spend per visit. This has been averaged across all generations.

£18,000 saving over 20 years based on a pension value of £50,000 growing at 5% a year with charges 0.4% and 1.2% applied. All figures quoted are for illustration purposes only and may be higher or lower than illustrated.

Retiring 2 years earlier is based on additional pension income of £9,051 needed in addition to a full state pension for a ‘comfortable retirement.’

Total wedding cost includes venue hire, food, drink, entertainment/ music, wedding dress/ outfit, photography, video and engagement ring.

Capital at risk. This does not constitute personal advice. Past performance is not a guide to future performance.