You may have seen our ‘NO FEES’ campaign on the IFA Online website in January. Well, this is just one of the standout offerings Liberty have brought to the SIPP world since our establishment in 2007. Liberty’s approach has always been to make pensions more accessible and easier to understand. We ensure that every service that we offer brings this approach to life, no more so than our new campaign for No Drawdown Fees.
This completely unique fee structure received a great response from a large number of people in the financial services industry. And we foresee a great response from clients too. As it applies a structure that really protects them throughout retirement.
At Liberty our ethos has always been to keep pensions as simple and transparent as possible. We are working hard for both our advisors and clients to help soften the burden of the retail distribution review coming into effect next year. As a result of this we will not be charging any fees for both capped and flexible drawdown from 2012 onwards. This means no drawdown setup fee, no annual drawdown fee, no fees for setting up standing orders and no fees for pension calculations and recalculations. This will not only save you money throughout retirement but will also make your life easier when trying to understand what fees and charges will be taken when opening or continuing with a Liberty SIPP.