HL vs ii pension fees
At a constant £100,000 invested balance, the representative charge for HL is £350/year and for ii is £72/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.
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.
ii: Excludes fund charges. Core requires Direct Debit and electronic communications. The pricing table says up to £100,000; other eligibility wording says less than £100,000, so confirm the plan at the exact boundary. Junior ISA/family features require Plus or Premium. Fund trades cost £3.99 on Core, £1.49 on Plus and are free on Premium. UK/US share trades are £3.99 on Core/Plus or £2.99 on Premium, before included trades and other applicable charges. The table excludes temporary offers.
- •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.