Stakeholder Pension Comparison

adamr7747

Hi All,

I'm trying to find some kind of comparison of stakeholder pension providers - ideally a snazzy website, but just a list would do & I could wade through them all myself. Anyone know of such a thing?

(For context: I have a lump sum (£20k or £30k IIRC) in an old employer-provided Stakeholder pension that I don't contribute to and want to switch it to the lowest cost (index-tracker) provider I can find.)

Thanks a lot,
Adam

dunstonh

I'm trying to find some kind of comparison of stakeholder pension providers - ideally a snazzy website, but just a list would do & I could wade through them all myself. Anyone know of such a thing?

Stakeholder pensions are mostly a niche option nowadays and most providers have pulled their stakeholder product.

(For context: I have a lump sum (£20k or £30k IIRC) in an old employer-provided Stakeholder pension that I don't contribute to and want to switch it to the lowest cost (index-tracker) provider I can find.)

That would make a personal pension the likely cheapest option or possibly a handful of platforms.

Investing 100% into a single sector index tracker (or managed - it doesnt matter) is very bad investing. Why do you want to do that?

and for reference, there is no charging difference between managed and passive on a stakeholder pension.

adamr7747

dunstonh wrote: »

Stakeholder pensions are mostly a niche option nowadays and most providers have pulled their stakeholder product.

Oh, OK, thanks. I was just assuming that I would have to stick with a stakeholder pension!

That would make a personal pension the likely cheapest option or possibly a handful of platforms.

I'll investigate this. (Though I thought "platforms" were about non-pension investments.)

Investing 100% into a single sector index tracker (or managed - it doesnt matter) is very bad investing.

Is it? Why? To do with diversification? I've got (or will get!) other investments and wasn't particularly planning on a "single sector" tracker.

Adam

dunstonh

Oh, OK, thanks. I was just assuming that I would have to stick with a stakeholder pension!

15 years ago it would have been best. Not now.

I'll investigate this. (Though I thought "platforms" were about non-pension investments.)

Most platforms offer a pension wrapper nowadays in addition to ISA and unwrapped (and some others).

Is it? Why? To do with diversification? I've got (or will get!) other investments and wasn't particularly planning on a "single sector" tracker.

Tracker is not the issue. It is asset allocation (also referred as sector allocation when it comes to funds). Single sector funds invest in one area. e..g UK equity, US equity, European etc.

Single sector funds are designed to be held with other single sector funds to build a bespoke portfolio with allocations weighted to suit the model you are using and your risk profile.

If you hold just one single sector fund then you taking a gamble on that sector being the best. Odds are you will be wrong most of the time.

and wasn't particularly planning on a "single sector" tracker.

Most trackers are single sector. Global equity being the exception.