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TRUE POTENTIAL LAUNCHES NO-FEE PENSION

Published by Gbaf News

Posted on November 14, 2013

3 min read
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True Potential Introduces No-Fee Pension

Financial services firm True Potential Investments LLP has backed Government plans to reduce annual pension fees with the launch of a new pension product with no annual charges or transfer fees.

The True Potential Pension, available exclusively to investors already using the True Potential Wealth Platform

The True Potential Pension, available exclusively to investors already using the True Potential Wealth Platform

The firm says its Self-Invested Personal Pension (SIPP), which is available from today, will make pensions more accessible and better value.

Exclusive Benefits for Existing Platform Investors

The True Potential Pension, available exclusively to investors already using the True Potential Wealth Platform, will come with a number of benefits, including:

  • No product charges and no annual fees
  • No transaction fees
  • No minimum investment
  • No transfer fees

Government Reform Spurs Pension Innovation

The launch comes just days after the Government announced plans to cap annual pension fees between 0.75% and 1%.

Expert Commentary on Pension Management

Daniel Harrison, senior partner at the firm, said: “Many people have pension portfolios that are fragmented and difficult to manage. The True Potential Pension brings together our technology-focused approach with a great value pension product.

“This has been in development for some time but the timing of the launch is perfect as annual pension fees have come under national scrutiny.

“We are offering people the opportunity to take control of their pensions, bringing disparate funds into one place with minimal fuss, and without charging them to do so.

User-Friendly Technology Empowers Investors

“Our technology means that investors on the True Potential Wealth Platform can monitor and track the performance of their pension using their mobile device, with the same ease, and in the same place, as they do their other investments.”

Financial services firm True Potential Investments LLP has backed Government plans to reduce annual pension fees with the launch of a new pension product with no annual charges or transfer fees.

The True Potential Pension, available exclusively to investors already using the True Potential Wealth Platform

The True Potential Pension, available exclusively to investors already using the True Potential Wealth Platform

The firm says its Self-Invested Personal Pension (SIPP), which is available from today, will make pensions more accessible and better value.

The True Potential Pension, available exclusively to investors already using the True Potential Wealth Platform, will come with a number of benefits, including:

  • No product charges and no annual fees
  • No transaction fees
  • No minimum investment
  • No transfer fees

The launch comes just days after the Government announced plans to cap annual pension fees between 0.75% and 1%.

Daniel Harrison, senior partner at the firm, said: “Many people have pension portfolios that are fragmented and difficult to manage. The True Potential Pension brings together our technology-focused approach with a great value pension product.

“This has been in development for some time but the timing of the launch is perfect as annual pension fees have come under national scrutiny.

“We are offering people the opportunity to take control of their pensions, bringing disparate funds into one place with minimal fuss, and without charging them to do so.

“Our technology means that investors on the True Potential Wealth Platform can monitor and track the performance of their pension using their mobile device, with the same ease, and in the same place, as they do their other investments.”

Key Takeaways

  • True Potential launched a SIPP with no product charges, annual fees, transaction fees, minimum investment or transfer fees.
  • The new pension is exclusive to users of the True Potential Wealth Platform.
  • The launch follows the UK Government’s recent announcement to cap annual pension fees between 0.75% and 1%.
  • Investors can consolidate fragmented pension funds into one digital platform and access tracking via mobile devices.

References

Frequently Asked Questions

Who is eligible for the True Potential Pension?
Investors must already be using the True Potential Wealth Platform to access the new no‑fee SIPP.
What fees are waived with the True Potential Pension?
There are no product charges, annual fees, transaction fees, transfer fees, and no minimum investment required.
Why was the product launched now?
It follows the Government’s announcement to cap annual pension fees between 0.75% and 1%, making the timing strategically relevant.
What benefits does the platform offer for pension management?
Investors can consolidate fragmented pensions and monitor performance via their mobile device on the Wealth Platform.

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