Restarting a pension

xylophone

Do you know who will be the provider of the auto enrolment pension?

Would a transfer in be a possibility?

chrisclay

I have no idea who the provider will be .The only thing I know is the staging date for the company work for is 01/04/2017.
And I would prefer to start paying to a pension as soon as possible

chrisclay

dunstonh wrote: »

Which is good in 2001. However, it is about double the cost in 2016.

So am I right in thinking I should be paying around .5 %


Barclays Life pensions were the equivalent of Black & White TVs even when Colour TVs were available. In 2016, they are black and white TVs when widescreen ultra HD TVs are available.

I understand that this pension is out of date but this year it has had good growth
what company's should I be looking at and do these company's offer the ability to switch funds online and split the pot in to several funds


Not ideal. You need to look at how you are investing. That is not a very good way of doing it. Not unless you feel Europe Exc UK is going to be the best performing area in the world in the future.

Do you mean these funds are not good .The list of funds available to me are very limited

xylophone

https://www.cavendishonline.co.uk/pensions/stakeholder-and-personal-pensions/

http://monevator.com/using-vanguard-lifestrategy-funds-life/

http://www.hl.co.uk/partners/search/sipp?theSource=PCHLS&Override=0&adg=G+HLBS+HPN&gclid=CIfw0Y3IudACFasK0woduOQNHA

might be worth a look.

dunstonh

I understand that this pension is out of date but this year it has had good growth

Good growth in your eyes or good growth better than comparable realistic alternatives? Virtually everything has done well this year in isolation of comparison of alternatives. .e.g yours maybe up 15% but a comparable low cost alternative may be up 20%. You may be happy with your 15% because you don't realise that every other comparable alternative went up 20%. If you realised the every other fund went up by more, would you still be happy? (btw, those are just figures pulled at random to get you thinking).

So am I right in thinking I should be paying around .5 %

For simple investments, yes.

what company's should I be looking at and do these company's offer the ability to switch funds online and split the pot in to several funds

Virtually all modern plans do this. However, do you actually need to do that? Splitting funds into a personalised portfolio takes knowledge and understanding. Picking near random % to go into single sector funds will likely lower the returns in the long run. Someone able and wanting to use a portfolio of single sector funds would use an ex Barclays contract.

Do you mean these funds are not good .The list of funds available to me are very limited

The fund choice is limited because its a old contract. However, when you start picking single sector funds, you need to know what you are doing. putting x% into Europe ex UK without a structure of how much you should put into Asia, Japan, US, UK, Property, Gilts, Bonds etc is not good investing. If you don't know what you are doing and you dont want to use an adviser then stick with the multi-asset funds.