Vanguard set to launch the UK’s cheapest-ever pension fund

Vanguard, the giant US asset management company, is set to launch a self-invested personal pension (Sipp) with an annual fee of just 0.15%

Good news for pension savers worried about charges – as all pension savers should be. Vanguard, the giant US asset management company, is set to launch the UK’s cheapest-ever pension fund.

Vanguard has been promising a new pension product for more than two years. But the long wait appears to have been worth it. The group’s self-invested personal pension (Sipp) will carry an annual fee of just 0.15%, with charges capped at £375. That’s less than half the cost of similar Sipps elsewhere.

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