The benefit of using Cavendish Online is that we reduce the charges to the lowest available.
With regards to the Cavendish Online FundSupermarket Pension, we do not charge any set up fees and instead charge an annual fee of 0.05%. This will be taken as well as an annual 0.20% platform charge taken by FundsNetwork and the fund manager charge (typically 0.75% or only 0.10% for tracker funds).
For Stakeholder and Personal Pensions we do not take any commission and we simply charge a set-up fee of £35 to start your pension. We act as the intermediary or advisor, even though we do not offer advice.
Our service is designed for clients who have done their own research and know which pension they would like to invest in. We will happily arrange the pension although we cannot offer any financial advice. Cavendish Online is strictly an ‘execution-only’ service.
If you’re unsure about the suitability of any particular financial product you may wish to seek independent financial advice from a fee-based IFA.