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.
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 will find that as...
Subscribe from just 1€
Choose the subscription that is right for you
For the first month
€19.99 Monthly ThereafterSubscribe today
For the first year
€199.99 annually thereafterSubscribe today
For the first 90 days
€55.00 quarterly ThereafterSubscribe today
These offers are not available for current subscribers. Offers and pricing are subject to change without notice.
Terms & Conditions Apply