Zurich or Aviva

united4ever

Hi, my work pension provider has moved around over the last few years a lot.

Consequently, I have funds with Aviva, Mercer and the current one Zurich.

I have to keep the zurich account open since that is the current provider that my works pension gets paid into. I really would like to have it all in one pot so I can manage it easier. I was therefore planning on moving the Mercer and Aviva funds to the Zurich one for ease of management.

However, I did hear from some friends that Aviva have a really good reputation in the industry. Additionally, there is an IFA who was assigned to our Aviva account and was happy to talk over the phone about our funds and strategy. We don't have this facility with the Zurich fund so are left on our own (or to pay privately for an IFA).

I am tempted to keep open the Aviva fund and move the Mercer funds to Aviva and maybe periodically move some funds from Zurich to Aviva. This would enable me to still use the IFA and also take advantage of Aviva being pretty good and hopefully outperforming the Zurich pension pot.

The downside is that I would have 2 pensions to 'manage'.

Do you think the advantages of Aviva are valid here? Or should I just put it all into Zurich?

bigadaj

Can't tell from the if oration you've given.

Assuming you can transfer the funds as you've indicated, as some providers will have restrictions, then the main things to look at are costs and investment choice. All things being equal you want a good choice of fund at lowest costs, newer and open schemes tend to be better than older and closed schemes but check the information you have and report back and someone may be able to comment further.

united4ever

thanks, will look into the costs