Advertiser Disclosure

InvestorGreg.net is compensated in exchange for featured placement of sponsored products and services, or your clicking on links posted on this website. That's how we make money. This compensation may impact how, where and in what order products appear. InvestorGreg.net does not include all companies or all available products. We will never allow advertisers to influence our opinion of financial products that appear on this site.

Vanguard Launches New Pension Fund in the United Kingdom

Vanguard is going to launch the cheapest pension fund in the UK – it will shock the UK private pension market.

Vanguard has been preparing the new financial product (the Vanguard SIPP) for more than 2 years. The Vanguard personal pension will be available at the beginning of 2020.

With the help of the Vanguard SIPP, investors can access the 76 funds and ETFs available on the Vanguard Personal Investor platform including Vanguard Target Retirement Funds and the popular Life Strategy range.

A self-investing personal pension (SIPP) will have an annual administrative fee in the amount of 0.15% and limited to £375. This is well below the industry average of 0.35%.

You will be able to invest at least £100 per month on a regular savings plan or a lump sum of at least £500.

“The Vanguard Personal Pension is designed to reduce the cost and complexity of saving for retirement. An individual's savings often represent a lifetime's effort, yet many investors and retirees continue to be charged far too much on the proceeds of their own hard work. Fees can have a sizeable impact on investment returns, and consequently on the quality of life in retirement.”

Sean Hagerty, Head of Europe at Vanguard

Read detailed Vanguard review.

About the author

InvestorGreg Editorial Team

InvestorGreg Editorial Team

The InvestorGreg Editorial Team is a group of financial writers and analysts who cover the worlds of finance and investment. Read more

Recommended Financial Products

Fidelity
A household name, Fidelity has always been known to be a reputable investment firm. In our Fidelity Broker Review, we will examine some of the pros and cons of this broker as well as the fees charged by the broker.
Charles Schwab
Charles Schwab has been one of the leading full-service brokers for decades. They have more than $3 trillion in client assets and there are more than 10.5 million active brokerage accounts.
E*TRADE
ETrade is a broker that has long been at the forefront of online trading. They made their first online trade in 1982. Let’s take a look at the broker offering and see if they are right for you.
Vanguard
Vanguard Brokerage, an excellent choice of broker for low cost longterm investment. The broker offers the lowest expense ratio for index funds and ETF's.

Full list of recommended Stock Brokers