No commission on Lifequote pension

Direct Line and Pensions is offering nil-commission pension products direct to the public via its in...

Direct Line and Pensions is offering nil-commission pension products direct to the public via its internet service Lifequote, an online life insurance quotation system, has added personal pension products from 16 UK providers, which consumers can buy for a flat fee of £99 According to the group's figures, a consumer could add several thousand pounds to their pension fund by using the direct service. On a cost comparison screen within the site, the group said that the total commission payable on a standard pension product could amount to as much as £3,537 over the life of the contract. For...