With PensionBee you'll only pay one annual fee
At PensionBee we only charge one annual fee across each of our three plans, which is automatically deducted from your pension. Plus there's no cost to set things up.
|Annual management fee||0.5%
|Cost to transfer old plans||£0||£0||£0|
|Cost to set up an account||£0||£0||£0|
How do we compare
We don't believe in complex, hidden costs. In comparison to other providers we're likely to save you money. Plus we're a cheaper option than financial advisers, who typically charge about £500 for an initial review.
|Aviva||Aegon Retiready||Nutmeg||Hargreaves Lansdown|
|Additional fund fee***||0.00%||0.35%||0.38%||0.19%||0.55%|
|Total fee (%)*||0.50%||0.75%||0.88%||0.94%||1.00%|
* Based on a pension of £20,000.
** Pension provider charges are complicated (one of the reasons we have made ours simple!) We have compiled this information based on our understanding as at 2 March, 2017. Referred to as a "platform fee" by Hargreaves Lansdown.
*** For Aviva, this is the "Ready Made" fund range. For Aegon, this is Retiready solutions 2 to 5. For Hargreaves, fund fees are based on the guidelines for passive ("tracker") funds by Money Advice Service. Fund costs for the PensionBee plans are already included in the Management fee.
One fair annual fee
No exit charges
out of 10 on Trustpilot