The Cavendish Online FundSupermarket Pension

gpu

Don't just compare platform charges. You need to compare the fund charge as well as they can be different on different platforms.

For example you might think Cavendish is cheaper than Hargreves Landsdown. But if you wanted to invest in the CF Woodford Equity Income fund it's actually the same -

Hargreves Landsdown platform charge is 0.45% + fund charge of 0.60% = 1.05%

Cavendish platform charge is 0.30% + 0.75% fund charge = 1.05%

Do your own sums on the funds you want to invest in.

greenglide

gpu wrote: »

With the "Cavendish Online FundSupermarket Pension" you can't switch your funds online so not really my definition of an "online" pension.

Is it not the same as the Fidelity SIPP where you can switch online but you don't get the full functionality of the funds supermarket - the full profit and loss etc?

gpu2

greenglide wrote: »

Is it not the same as the Fidelity SIPP where you can switch online but you don't get the full functionality of the funds supermarket - the full profit and loss etc?

Yes they use the FundsNetwork. I'm not with Cavendish but looking for a provider at the moment and emailed them regarding this. They said: "For the time being you cannot perform online switches within the pension. We have raised this as a high priority issue with FundsNetwork to resolve and they are investigating this for us."

This suggests it's the same for all providers that use the FundsNetwork.

Chickereeeee

gpu wrote: »

Don't just compare platform charges. You need to compare the fund charge as well as they can be different on different platforms.

For example you might think Cavendish is cheaper than Hargreves Landsdown. But if you wanted to invest in the CF Woodford Equity Income fund it's actually the same -

Hargreves Landsdown platform charge is 0.45% + fund charge of 0.60% = 1.05%

Cavendish platform charge is 0.30% + 0.75% fund charge = 1.05%

Do your own sums on the funds you want to invest in.

I think it best to not let the choice of platform influence my investment decisions!

C

greenglide

This suggests it's the same for all providers that use the FundsNetwork

Fidelity "appear" to support switching etc - asking for fund to switch out of and in to but it does say they are two actions on two days.

The screens are not the same as those for their ISA.

Since the pension is through CSD (isnt it?) there are significant differences.

gpu2

Chickereeeee wrote: »

I think it best to not let the choice of platform influence my investment decisions!

C

It's not. The comparison is for the same investment on different platforms. If the charges are the same then you would choose the platform which offers better features or service.