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Finops call for 1.5 per cent charge on stakeholder

Financial Options Group has called on the Government to place a 1.5 per cent charge on stakeholder to allow provision for independent financial advice.


In its submission to the stakeholder consultation, the network argues that while stakeholder plans should not be compelled to offer advice, where they do so they should be able to charge 1.5 per cent, not 1 per cent.


FOG group sales and marketing director Andrew Bedford says: “An annual management charge set at 1.5 per cent will allow IFAs to provide this advice to all employees and employers.”

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