Contractual RAs cost you more than flexible alternatives
Apr 10, 2021
3 minutes
MARTIN HESSE
APART from the obligations that contractual retirement annuities (RAs) impose on you to keep contributing for the full term of the contract, there is a further downside to these products: their costs. Personal Finance found that the costs on a contractual product may be up to about 2% more a year than on a flexible unit-trust RA.
Last week Personal Finance covered the case of Mr C, who, at the
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