People's Pension says rebate fee structure has led to £50m

Provider says it is currently paying £2m back to members every month

Jonathan Stapleton
clock • 1 min read
Patrick Heath-Lay: We do not believe in ‘set and forget‘ industry charging practices
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Patrick Heath-Lay: We do not believe in ‘set and forget‘ industry charging practices

The People’s Pension says it has given back a total of £50m to its members over the past four years through its annual management charge (AMC) rebate structure.

The provider said its rebate charging structure means members with pension pots over £3,000 get a rebate of 0.1 percentage points on the standard management charge of 0.5%. Those with pots between ...

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