IFA launches 'pensions predictor' to give insight on charges

Warwickshire-based IFA Wake up your Wealth, an appointed representative of TWP Wealth, launched a digital tool for pensions savers to be able to evaluate the impact of higher cost pensions on their retirement income. The firm said the tool shows that a pension charging as little as 1.5% a year can reduce a retirement income by thousands of pounds compared with a low cost pension charging about 0.5%. Wake up your Wealth founder and executive director Andrew Firth said: "Although pension calculators are far from new, our new pensions predictor is easier to use and more importantly clear...