More people than ever are becoming DIY investors — buying shares and funds for their pensions, Isas and wider portfolios without paying for financial advice. If you’re thinking about going it alone, here are some of the best low-cost or no-cost tools to use.
Get financially fit: How to become a financial expert at home
(Times – External Link)
Posted By: True and Fair, 1:34 pm
The pension industry appears to have persuaded the Government to postpone applying a cap on costs
Pension charges: what the Government’s delay could cost
(Telegraph – External Link)
Posted By: True and Fair, 1:31 pm
The government has delayed plans to implement a cap on workplace pension charges by a year after lobbying by pension companies.
Pension industry wins delay to charges cap plan
(Citywire – External Link)
Posted By: True and Fair, 1:28 pm
Pensions minister Steve Webb has confirmed he will delay introducing measures to tackle high charges in workplace pension schemes by a year.
Price cap on pensions charges shelved until April 2015
(Incisive Media – External Link)
Posted By: True and Fair, 1:23 pm
The announcement has been justified by some commentators on the grounds that companies already have enough on their plates with continuing auto-enrolment.
Pensions cap delayed until April 2015
Posted By: True and Fair, 1:20 pm
A question of timing
A question of timing
Posted By: True and Fair, 1:15 pm
A need for further calculations on the impact of a pension cap has caused a year-long delay, the department for work and pensions has stated.
More time needed for cost cap: DWP
Posted By: True and Fair, 1:01 pm
Commenting on Steve Webb’s announcement that the pensions cap is to be delayed by a year, Gina Miller, founder of the True & Fair Campaign stated:
“We need a full frontal assault on the UK’s rip-off pensions with legislation that forces full transparency, with all costs stated in full, via one uniform number. Currently the proposed cap merely focuses on the annual fee, which is often a fraction of the full cost that pension companies pickpocket from savers’ retirement funds.
“It is shameful that pension companies have successfully lobbied to have caps on charges kicked down the road for a year. I would urge the Government to use this pause to strengthen the proposals so that any caps include all costs and fees. Unless the ABI and its members are forced to reveal and report all their charges, we will have no idea what the Government is really capping – the abuse of British savers will simply continue.”
Posted By: True and Fair, 2:32 pm
Hargreaves is a major British success story and Peter and his co-founders should be saluted for building a sizeable and dominant business that has transformed an industry with a reputation for great service. That’s the good news.
SCM’s Alan Miller: The truth and greed behind Hargreaves price noise
Posted By: True and Fair, 3:44 pm
22nd January 2014
SCM Private, founder of the True and Fair Campaign, is questioning the benefit to investors of the so-called platform war. It believes that these companies are passing on precious little of their economies of scale and instead are rewarding customer loyalty with higher charges than their smaller competitors.
Gina Miller, founder of the True and Fair Campaign and SCM Private said, “Fidelity, like many of its peers is missing the bigger picture. If they and other brands had the courage to break away from the pack and do the right thing by giving investors and savers, a simple Total Cost of Investing, consumers would be significantly better off. This one number should include ALL the costs that are deducted from investor’s pockets – fund manager, wrapper and platform fees together.
Posted By: True and Fair, 3:34 pm