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

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

It’s time to relax legislation to let fund-owners cut out layers of rapacious intermediaries and avail of low-cost online brokers

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.

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