Widows discloses property charges

group reveals Hidden charges to investors in scottish widows life and pension property funds

Scottish Widows has revealed that investors in its life and pension property funds have been paying additional charges over the past three years. The extra fees have been up to 0.2% per year for investments in life and pension property funds and up to 0.05% on the Scottish Widows Cautious Managed and Defensive Managed funds. Additional costs have applied to investments since late 2003, since which point managers at Scottish Widows Investment Partnership (Swip) have been forced into buying other collective vehicles due to a diminishing supply of direct property. In the letter sent to c...