Corporate Adviser
  • Content Hubs
  • Magazine
  • Alerts
  • Events
  • Video
    • Master Trust Conference 2024 videos
  • Research & Guides
  • About
  • Contact
  • Home
  • News
  • In Depth
  • Profile
  • Pensions
    • Auto-enrolment
    • DB
    • DC
    • Defaults
    • Investment
    • Master Trusts
    • Sipps & SSAS
    • Taxation
  • Group Risk
    • Group Life
    • Group IP
    • Group CIC
    • Mental Health
    • Rehab
    • Wellbeing
  • Healthcare
    • Musculoskeletal
    • Mental Health
    • IPT
    • Wellbeing
    • Trusts
    • Cash Plans
  • Wellbeing
    • Mental Health
    • Health & Wellbeing
    • Financial resilience
  • ESG
No Result
View All Result
Corporate Adviser
No Result
View All Result

Vanguard to shake up UK pension market

New investment platform aims to win business from rivals by undercutting fees

by Emma Simon
February 19, 2020
Share on FacebookShare on TwitterShare on LinkedInShare on Pinterest

US investment giant Vanguard has launched its first Sipp in the UK market. 

Vanguard is one of the largest global asset managers and has built its business on offering low cost passive investment solutions, that typically undercut fees charged by rivals. 

Initially this new Sipp being sold directly to private investors, rather than being offered via a workplace solution. According to research by Platforum it will be the cheapest Sipp option available to private investors, when compared to the pensions offered via other major investment platforms. 

The Vanguard Personal Pension will have a 0.15% fee, capped at a maximum of £375 across all accounts in an investors name, which will include its Isa and general investment account options. 

Investors will have access to 77 fund options: including Vanguard’s LifeStrategy fund ranges and its Target Retirement funds, alongside ETF options. Investors can open an account with a lump sum of £500, and a minimum monthly contribution of £100. 

Initially, this pension will only be open to accumulation stage investors. 

Sean Hagerty, head of Vanguard, Europe says the pension has been designed to reduce “the cost and complexity of saving for retirement”.

He adds: “Many investors and retirees lose out on their own hard work due to high fees and charges. Fees can have a sizeable impact on investment returns, and consequently on the quality of life in retirement.”

Platforum head Jeremy Fawcett says: “Pension investing is a long-term activity and when fees are low, outcomes are significantly improved. The Vanguard Sipp is one of the lowest cost options in the market, especially for those at the beginning of their investing journey.”

VIDEO FROM ROYAL LONDON


Find out more about how to support the switching of a workplace pension

Live Webinar Live Webinar Live Webinar

Corporate Adviser Special Report

REQUEST YOUR COPY

Most Popular

  • Aon appoints head of UK retirement

  • New endgame trade body launches

  • NatWest Cushon invests in carbon removal fund as part of ‘natural capital’ allocation

  • Barnett Waddingham appoints principal and risk transfer actuary

  • Experts warn salary sacrifice cuts risk pensions and raises employer cost

  • Is it time to rethink GIP?

Corporate Adviser

© 2017-2024 Definite Article Media Limited. Design by 71 Media Limited.

  • About
  • Advertise
  • Privacy policy
  • T&Cs
  • Contact

Follow Us

X
No Result
View All Result
  • Home
  • News
  • In Depth
  • Profile
  • Pensions
    • Auto-enrolment
    • DB
    • DC
    • Defaults
    • Investment
    • Master Trusts
    • Sipps & SSAS
    • Taxation
  • Group Risk
    • Group Life
    • Group IP
    • Group CIC
    • Mental Health
    • Rehab
    • Wellbeing
  • Healthcare
    • Musculoskeletal
    • Mental Health
    • IPT
    • Wellbeing
    • Trusts
    • Cash Plans
  • Wellbeing
    • Mental Health
    • Health & Wellbeing
    • Financial resilience
  • ESG

No Result
View All Result
  • Home
  • News
  • In Depth
  • Profile
  • Pensions
    • Auto-enrolment
    • DB
    • DC
    • Defaults
    • Investment
    • Master Trusts
    • Sipps & SSAS
    • Taxation
  • Group Risk
    • Group Life
    • Group IP
    • Group CIC
    • Mental Health
    • Rehab
    • Wellbeing
  • Healthcare
    • Musculoskeletal
    • Mental Health
    • IPT
    • Wellbeing
    • Trusts
    • Cash Plans
  • Wellbeing
    • Mental Health
    • Health & Wellbeing
    • Financial resilience
  • ESG

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.