Friendly Pensions launches fee-free charging structure

Friendly Pensions has introduced a charging structure to its pensions that is fee-free until the pension fund grows by 5%.

David Austin, managing director of Friendly Pensions, said: “We established Friendly Pensions to focus on auto-enrolment because we believe current providers did not offer value to small and medium-sized employers.

“Our approach ensures that our [employer] clients can enjoy a high quality workplace pension scheme and great peace of mind for a very low cost.”