1. Zero platform fees
Unlike many providers that charge annual platform fees, Prosper offers a 0% platform fee structure. This means you won't pay a percentage of your pension pot just to have it with Prosper. Over time, this can lead to substantial savings. Please note that we do not pay interest on uninvested cash. Fees will apply after age 75 or if you start drawing down from your pension.
2. Access to zero-cost funds
Prosper provides access to more than 30 ETFs with ongoing charges refunded, effectively making them free to invest in. These funds cover a range of sectors and geographies, allowing for diversified investment without additional costs.
3. No transaction or transfer fees
Prosper does not charge for transferring, depositing, or transacting into or out of your investment accounts. This includes transferring your existing pension to Prosper, ensuring a cost-effective transition.
4. Potential for greater long-term growth
By eliminating platform fees and providing access to zero-cost funds, more of your money remains invested, potentially leading to greater compound growth over time. Prosper estimates that the difference between zero fees and a 1% fee compounded over 30 years on a portfolio with an average growth of 5% can add up to almost 50% more money.
5. User-friendly platform with real human support
Prosper offers an easy-to-use app and provides real human support when needed, ensuring you have assistance throughout your investment journey.
Capital at risk. Investments can go down as well as up. Uninvested cash earns no interest.