The People’s Pension currently has a flat rate annual management charge of 0.5% a year in relation to all its investment funds. That’s 50p a year for every £100 of the value of your account.
This compares with the following charges in EasyBuild:
- 0.95% for savings totalling under £5,000
- 0.8% for savings totalling from £5,000 – £25,000
- 0.6% for savings totalling from £5,000 – £25,000
Certain other charges can be levied under both EasyBuild and The People’s Pension in limited circumstances.