Using a discount broker to buy a personal pension

TH1878

dunstonh wrote: »

This is why I think the PP5 and the PP6 contracts are obsolete and the Skadia fund supermarket pension is better.

Agreed, if only for the fact that you invest directly in Unit Trusts / OEICs. That's where I've got my money invested.

Perfect_Choice

Agree, would you mind being a little more specific on what you mean as a fund supermarket. It is not clear what you are referring to in relation to the list of Skandia pension plans under skandia.co.uk/pensions/personal pension.

I may consider this move again if attractive. I like Skandia for its fund choice but am always wary of AMC charges eating away at returns, so always a balance between higher returns and higher charges.

dunstonh

TH1878 wrote: »

Agreed, if only for the fact that you invest directly in Unit Trusts / OEICs. That's where I've got my money invested.

Exactly the same reason I have mine in it too. Plus its cheaper than a SIPP.

TH1878

Perfect_Choice wrote: »

Agree, would you mind being a little more specific on what you mean as a fund supermarket. It is not clear what you are referring to in relation to the list of Skandia pension plans under skandia.co.uk/pensions/personal pension.

I may consider this move again if attractive. I like Skandia for its fund choice but am always wary of AMC charges eating away at returns, so always a balance between higher returns and higher charges.

The fund supermarket option relates to what used to be the Selestia Collective Retirement Account. It's now known as the Skandia Collective Retirement Account.

• No initial charges (other than your adviser's fee which comes out of your fund)
• Invests directly in Unit Trusts / OEICs and not mirror funds
• No product AMC - only the fund AMCs apply (usually 1.5% which includes some natural trail commission)
• £50 pa (indexed with National Average Earnings) platform fee