Where to start with pensions

DavidLaGuardia

EdInvestor wrote:

Frankly David, I'd say that's terribly advice. Why waste money on an advisor who's going to choose a bog standard managed fund - anyone can do that by themselves.

And those multi manager funds are often just an excuse for an extra layer of charges on top of the ones you are already paying for each fund.

I agree Ed with the first bit

There was a comma missing in my post, an I think you misunderstood. I meant to say:

Use an IFA (comma) choose a suitable managed fund or fund of funds. I infer here that any adviser should be doing more than choosing a managed fund as this, I agree, would be a waste of money.

Incidentally the fund of funds route is not necessarily much more expensive anymore.