new pension

gadgetmind

dunstonh wrote: »

You need negative periods.

Of all the investing lessons, that was the one that it took me the longest to learn. Everyone gets giddy when prices are high, but that's not when you make the most money from investing.

saver861

gadgetmind wrote: »

I'd expect HL to be far more expensive. Unless you need the bells and whistles of a SIPP, they tend to be expensive, particularly for smaller pots.

Is approaching Aviva (et al) directly now competitive with using Cavendish?

I think its a case of balancing the extra investment options such as a HL Sipp v the more refined Aviva. There is another thread on here about people getting upset at the exit charges etc of BestInvest, HL etc when trying to get a quick in and out profit due to the tax rules. Also charges vary somewhat for Funds and/or share dealing.

I have only just started looking into this and I am limited to £3,600 per year due to living on my occupational pension. I have not looked at Cavendish as yet so I can't answer that question.

I will be banging in my £2880 into one of them though before April and again after the 6th April for next year though the charges etc for the new rules should be more apparent by then.

atush

You need to gogle pound cost averaging.

When prices drop and you are investing a set amt each month, then you get more units of investment for your 100 quid than you would if the orice was alkways rising or styaing the same. So you should sweat prices too much esp in the first five years.

But i do agree I would choose something thst doesn't carry too much risk s you are clearly not a high risk investor. Look at the Vanguard series that mixes shares with other assets to varying degrees.