Robo-advisers and deregulation can ease pension industry rip-off

I was delighted to see that a new organisation has been established in Britain, called Scalable Capital. It is a robo-adviser charging 0.75 per cent per annum for a fully managed portfolio of financial assets plus 0.25 per cent fees within the funds that clients are put into.

Historically the fees charged by fund managers and financial advisers have been highly opaque at best, utterly excessive at worst. When you dig deep you ...