Openwork

Pitbull77

Hi.
I have a pension that is managed through Openwork.
I don't really know much about financial stuff. This was recommended by a pensions adviser.
Is it worth staying there?
Any thoughts / comments please.

Your_Hero

Openwork is a network for advisers, usually restricted. Are you unhappy with the service? If not, why move? Your OP couldn't be more vague if it had to.

Pitbull77

I have had a look at my pension fund & I seem to be spending a lot in charges & do not seem to have made much on my investment.
Just wanted to know whether anybody else had a pension with Openwork & if it was worth staying there.

sandsy

Who is the pension itself with? What name is on the pension documents?

Openwork advise on and distribute pension contracts issued by life insurance companies and Sipp operators. They don't manufacture pension products themselves.

dunstonh

Openwork is not a provider. They arrange investments and products.

I seem to be spending a lot in charges & do not seem to have made much on my investment.

Is that because of the timing or where you are invested? e.g. The stockmarkets fell 43% during the credit crunch. If you include that period, you would have seen losses followed by recovery but not a great amount overall. That wont be down to openwork advisers. It wont be down to the product and the investments will only do what investments do.