NEST - should I quit my stakeholder pension now?

rpc

Retyre wrote: »

James please let me know where I can find a personal pension with lower charges than Standard Life's Stakeholder 1% (or 0.9% with a transfer in)

I pay 0.9% and it will drop over time (see http://www.cavendishonline.co.uk/pensions/stakeholder-and-personal-pensions/scottish-life/). My fund is quite small as this is not my core retirement provision.

Your problem is your £50 a month is on the low side for a personal pension. Has that £50 been fixed since you started the pension? It should really be indexed (against inflation or earnings) as its real value will now be rather lower than it was in 2001.

eviex

I intend to increase my contributions to my pension by a large amount once I have sorted out my pension provider, I didn't want to increase my monthly contribution till I knew I was on the right track with where to put the money. I will increase possibly up to £200 a month to a new private pension, and keep my NEST pension alongside it (as dunstonh says - its free money from my employer so I have to keep that going and pay in the minimal amount).