Going green? You'll pay 40pc higher fees; One pension firm charges extra if you choose an 'ethical' fund. By Sam Benstead
Savers are being asked to pay an extra 40pc in investment fees if they select an "ethical" version of their default pension fund.
Aviva, one of Britain's largest workplace pension providers with four million members, charges 0.13 per centage points more for its £2bn "Stewardship" actively managed mixed investment fund, which incorporates environmental, social and governance, or ESG, considerations into its investment process.
Charges jump from 0.32pc for its Mixed Investment fund to...