Pension Help

jaggerc1

I am 25 and I don't currently have a Pension, which I know is very stupid. I have been investing in ISA'S. I have 3 ISA's (2 normal making quite a low rate now and 1 in stocks and shares; which is basically all profit cos I took half my money out about a year ago which in hindsight I shouldn't have done). Anyway I am looking to start a pension very shortly and I would just like advise on which are the best providers? I have been looking a little online at the bigger named companies and they all say they charge a fee for looking after your investments but none are showing what the fee is. Am I best just calling them? I don’t think my employers offer a pension scheme which they contribute to Also I have been reading something about boosting stopping.....will that apply to me? Since I left school/ sixth form I have worked (apart from about 2-3 months) Any help would be greatly appreciated

dunstonh

I would just like advise on which are the best providers?

The is no one best option that fits everyone. Your timescale, amount you want to pay, how you want to invest, what indexation you want can all impact on which providers come out top.

I have been looking a little online at the bigger named companies and they all say they charge a fee for looking after your investments but none are showing what the fee is.

What do you mean by big name? Some of the biggest players do not transact direct to public but need to go through an IFA. It is the IFA that sets the charges.

I don’t think my employers offer a pension scheme which they contribute to

You need to find that out. You also need to ask them what they are doing when it becomes compulsary to pay into a pension in a couple of years time.

Also I have been reading something about boosting stopping.....will that apply to me?

Never heard of that phrase before. Sorry.

Loughton_Monkey

Which pension scheme "charges a fee for looking after your investments...."

Some pension plans [tending to be the SIPP variety - which is probably unsuitable for you anyway] charge some sort of fees for revaluations and for buying shares etc. But just about all pension providers simply offer you funds into which to contribute. The funds charge fees as part of their prices, and we can't avoid them - although we can look for lower charging funds.

But please don't, like a lot of people, think that by contributing to a pension plan means the pension company are "looking after" your investments. They are not. They are simply providing the 'pension wrapper' under which you choose your own investments.