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Advice- I need to start a pension at 42 - recomendations please

curlyboy
curlyboy Posts: 255 Forumite
in Pensions, annuities & retirement planning
Can you recommend an organisation/company that I can start paying in a regular amount? I know there is a lot of bad press about securing your money for the future

Thanks any advice will help
«1

Comments

  • 232607
    232607 Posts: 158 Forumite
    Does your employer offer a pension or are they due to as part of the staging process. Generally that's the 1st place to start.
  • curlyboy
    curlyboy Posts: 255 Forumite
    I wont be using my employer its a big retail organisation that's a no go
  • jem16
    jem16 Posts: 19,845 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    Why is it a no go?
  • curlyboy
    curlyboy Posts: 255 Forumite
    Cause theres a block on it at the moment with my company I work for
  • dunstonh
    dunstonh Posts: 121,256 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Combo Breaker
    curlyboy wrote: »
    Cause theres a block on it at the moment with my company I work for

    Are you saying that your company is breaking the law by not having an auto-enrolment scheme?
    I am an Independent Financial Adviser (IFA). The comments I make are just my opinion and are for discussion purposes only. They are not financial advice and you should not treat them as such. If you feel an area discussed may be relevant to you, then please seek advice from an Independent Financial Adviser local to you.
  • curlyboy
    curlyboy Posts: 255 Forumite
    no law being broken can we please just advise me on my question I originally asked thanks
  • Good_bad_and_ugly
    Good_bad_and_ugly Posts: 88 Forumite
    Curly,

    Keep the costs down. Consider finding a cheap platform offering the barest of functionality that will allow you accumulate effectively, and keep the funds cheap. Take a look at cheap trackers.
  • dunstonh
    dunstonh Posts: 121,256 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Combo Breaker
    curlyboy wrote: »
    no law being broken can we please just advise me on my question I originally asked thanks

    Join the workplace scheme then.
    I am an Independent Financial Adviser (IFA). The comments I make are just my opinion and are for discussion purposes only. They are not financial advice and you should not treat them as such. If you feel an area discussed may be relevant to you, then please seek advice from an Independent Financial Adviser local to you.
  • bownyboy
    bownyboy Posts: 432 Forumite
    Part of the Furniture 100 Posts Name Dropper
    I was in a similar situation 18months ago (same age) and chose Cavendish Online to choose who was offering a) the lowest fee's and b) what funds they offered that broadly matched by risk profile and timescales I was after

    I went with Aegon in the end applied all online and apart from a small hiccup in transferring a small stakeholder pension over, it all went fine.

    The fee from memory is 0.45% which is tiered so that when your pot grows the fee lowers.

    I now pay set amount in each month and forget about it, apart from logging in once a month to check balance / growth and adding it to my network spreadsheet.
    early retirement wannabe
  • curlyboy
    curlyboy Posts: 255 Forumite
    dunstonh you just dont get it - cause theres a block on it at the moment with my company I work for I think thats gives it away

    thank you bownyboy appreciate the advice
This discussion has been closed.
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