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    • 1973GG
    • By 1973GG 8th Sep 17, 7:14 AM
    • 3Posts
    • 0Thanks
    1973GG
    Child Pension Advice
    • #1
    • 8th Sep 17, 7:14 AM
    Child Pension Advice 8th Sep 17 at 7:14 AM
    Good Morning!

    I'm after advice on setting up a pension for my newborn. I can't really find any info on what is classed as a good scheme. I do already have a virgin child pension set up for my daughter but as for performance wise, I'm non the wiser! any help would be greatly appreciated.
    thank you!
Page 1
    • louloubelle79
    • By louloubelle79 8th Sep 17, 9:01 AM
    • 166 Posts
    • 67 Thanks
    louloubelle79
    • #2
    • 8th Sep 17, 9:01 AM
    • #2
    • 8th Sep 17, 9:01 AM
    Hello
    I've just set up

    https://www.legalandgeneral.com/pensions-retirement/stakeholder-pensions/stakeholder-pension-for-children/

    For my children age 6 and 8, can only pay in minimum per month but hopefully a good start for them until they reach 18.
    Hoping to be mortgage free by 2026 age 47
    Current rate 2.79% fixed for 10 years
    Current mortgage end date: 03/10/2043
    MFW Starting Mortgage Jan 17 - £114,703
    • dunstonh
    • By dunstonh 8th Sep 17, 9:27 AM
    • 89,489 Posts
    • 54,951 Thanks
    dunstonh
    • #3
    • 8th Sep 17, 9:27 AM
    • #3
    • 8th Sep 17, 9:27 AM
    I do already have a virgin child pension set up for my daughter but as for performance wise, I'm non the wiser!
    Virgin stakeholder is just about one of the worst stakeholders on the market. Although there isn't that many stakeholders left nowadays. However, its almost double the cost of others and has an extremely poor fund choice.
    I am an Independent Financial Adviser (IFA). Comments are for discussion purposes only. They are not financial advice. Different people have different needs and what is right for one person may not be for another. If you feel an area discussed may be relevant to you, then please seek advice from a Financial Adviser local to you.
    • 1973GG
    • By 1973GG 8th Sep 17, 10:24 PM
    • 3 Posts
    • 0 Thanks
    1973GG
    • #4
    • 8th Sep 17, 10:24 PM
    • #4
    • 8th Sep 17, 10:24 PM
    do you have any suggestions then please?

    thanks
    • bigadaj
    • By bigadaj 9th Sep 17, 7:06 AM
    • 9,961 Posts
    • 6,358 Thanks
    bigadaj
    • #5
    • 9th Sep 17, 7:06 AM
    • #5
    • 9th Sep 17, 7:06 AM
    do you have any suggestions then please?

    thanks
    Originally posted by 1973GG
    You could have a look at cavendish online, they are a small firm that offer access to a range of pensions.

    For a small fee they allow,you to use the personal pension of a range of big insurers, their default funds should be fairly cheap (<0.5%) and do a decent job for small to medium amounts.
    • 1973GG
    • By 1973GG 9th Sep 17, 5:23 PM
    • 3 Posts
    • 0 Thanks
    1973GG
    • #6
    • 9th Sep 17, 5:23 PM
    • #6
    • 9th Sep 17, 5:23 PM
    thanks but unfortunately it states £50 a month minimum contribution
    • xylophone
    • By xylophone 9th Sep 17, 7:28 PM
    • 22,881 Posts
    • 13,235 Thanks
    xylophone
    • #7
    • 9th Sep 17, 7:28 PM
    • #7
    • 9th Sep 17, 7:28 PM
    thanks but unfortunately it states £50 a month minimum contribution
    Not for a stakeholder

    https://www.cavendishonline.co.uk/pensions/stakeholder-and-personal-pensions/aviva/

    https://www.aviva.co.uk/stakeholder-pension/frequently-asked-questions.html
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