Bargain ATP pensions?

newDude

Someone told me about ATP Danish pensions doing a good deal on pensions 0.04% annual charge, compared with the robbers here who charge 1~1.5%. I've had a look on the internet, but can't find any details, except for some reports in the press. Anyone with them, and how do i take one out?
I'm going to buy some BTL houses for my pension (from a windfall), but prepared to put some of the profits on the rental income into this pension as it seems so cheap :beer:
Cheers

How do i change the title?? It's called ATP Livslang Pension

Aegis

If you want a cheaper pension, why not get one? Trackers are available in UK pensions at an annual charge of 0.25% for a bundled platform and less for an unbundled one (though you have to pay the annual platform charge if you go down that route).

Saves you from having to find a foreign pension scheme willing and able to accept your business, then having to deal with the uncertainties of foreign exchange until you hit retirement age coupled with the differing legislation for Danish rather than UK pensions.

dunstonh

Someone told me about ATP Danish pensions doing a good deal on pensions 0.04% annual charge, compared with the robbers here who charge 1~1.5%

1% to 1.5% is not robbing. That is using a different type of investment and includes everything packaged.

The media articles on the Danish pensions were highly flawed. They looked at the cost of the fund. Not the packaging of it all for retail.

jamesd

If you're a PAYE employee you already have the UK equivalent of the ATP Lifelong Pension. It's called S2P, the State Second Pensions, formerly called SERPS, and pays out an earnings-related additional state pension on top of the basic state pension.

If you want to read more about the ATP Lifelong Pension have a look at their English language contribution rates page to start. As you can see, the contribution rates are similar to those for S2P. Only workers in Denmark can contribute. Unlike the UK version the payouts depend on investment performance. That's been around 10% a year, presumably not after inflation, for around the last fifty years. That's less than the UK stock market.