Fidelity vs HL pension fees
At a constant £100,000 invested balance, the representative charge for Fidelity is £350/year and for HL is £350/year . These figures cover selected charge layers. Fund management, transactions, advice, contributions and product terms affect the total cost; the smaller figure does not establish which pension costs less overall.
Fidelity: Excludes fund charges. Fees shown apply to funds. Pots under £25k pay £7.50/month (£90/yr) unless contributing via a regular savings plan, in which case the 0.35% rate applies. The 0.2% rate from £250k applies to the whole pot, not just the excess. For shares, ETFs and investment trusts, the service fee is capped at £7.50/month (£90/year). Share/ETF/investment trust dealing: £7.50 online, £1.50 regular savings/dividend reinvestment, £30 phone. The Service Fee is capped at £2,000/yr — pots above £1M pay 0% on the excess.
HL: Excludes fund charges. Fund account charges are shown. Shares and other equities use 0.35%, capped at £12.50/month. One-off online fund trades cost £1.95. Online share trades cost £6.95, or £3.95 after 20 or more trades in the previous month. Monthly regular investing by Direct Debit has no dealing charge. Phone/post trades cost £29. Other investment and overseas dealing costs can apply.
- •Most providers quote a platform fee that excludes fund charges (OCF), which are additional and vary by fund choice. A few — NEST, Royal London and PensionBee — include fund management in the selected charge, while other costs can still apply. Headline figures are therefore not always comparable between providers.
- •Fee structures change without notice. Always verify current fees on the provider's website.
- •The lowest platform fee is only one comparison point. Fund range, service, platform features, investment choice, and product restrictions also matter.
- •Before transferring any pension, check for exit fees, guaranteed annuity rates, employer contributions, and protected tax-free cash.
- •This comparison is factual information based on published fee schedules, not a recommendation to choose either provider.
- •If you're unsure which provider is right for you, speak to an FCA-regulated financial adviser.
This comparison describes selected published pension charges. It is general information, not a recommendation to choose or transfer to either provider.