22nd July 2013

FundsNetwork pension details revealed ahead of launch in September

FundsNetwork pension details revealed ahead of launch in September 

Full details, including the user guide and product specification, can be found here.

New simple pension will be ‘clean’ only – advisers can access more than 1,700 unbundled share classes from launch 

• No set-up or annual administration charges – just an annual £45 platform fee and 25bps service fee 
• Simple integration with other platform services such as FundsNetwork^TM Navigator and Adviser Fees service 

FundsNetwork™ can reveal details of its adviser pension ahead of its launch in September. The FundsNetwork Pension offers competitive pricing and simple integration with the platform’s other services such as FundsNetwork™ Navigator, Adviser Fees, model portfolios and rebalancing. 

Other features the FundsNetwork Pension offers: 

• RDR proof investment choice – from launch it will offer unbundled investment options – with more than 1700 share classes to choose from at launch 
• Value for money – no set-up or annual administration charges only a service fee of 0.25%, plus an annual £45 platform fee 
• Retirement choices – both capped and flexible drawdown options available 

To assist advisers, FundsNetwork will be running a nationwide series of events specifically on the FundsNetwork Pension. Times and locations will be shared in due course. 

Pat Shea, Head of FundsNetwork, comments: “The launch of the FundsNetwork Pension has been eagerly anticipated by advisers that use the platform and we’re on track to launch in September.” 

“The FundsNetwork Pension is just one part of our multi-year investment programme into the services that we offer to advisers and we look forward to announcing future plans as soon as we can.” 

Mark Polson, Principal of the Lang Cat, the independent consultancy, comments: “A properly integrated pension wrapper, ideally at no additional cost, is of huge benefit to any platform provider looking to provide advisers with a broad palette of options which they can use to create their own propositions. This is a welcome development by FundsNetwork; its integrated nature and keen pricing will, we're sure, generate significant interest from advisers." 

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Pensions