Cavendish does Not offer dwawdown

Yanling

Hi folks, I feel like I can not get much income with annuity in 12 yrs investment. Maybe a drawdown regular income and keep the rest of the pension pot investing is a better option for me?
Thanks

ProDave

Same boat as me, Transfer it to a different provider who will offer drawdown.

Yanling

Hi Prodave, have you transferred it out? Does Cavendish charge you anything for transferring?

ProDave

Mine ended up with Aviva (started out with Friends Life) and there was no charge to transfer it out.

dunstonh

Cavendish does Not offer dwawdown

Drawdown has been available well over a decade and is available on FNW (the platform that Cavendish white label). They keep saying it is coming but how long?

Its not a great platform. Quite clunky and old fashioned and lacks a lot of functionality of modern platforms. So, look elsewhere.

Yanling

Hi, the problem is that I don’t know investment and I can not manage the portfolio myself. I need a managed fund or portfolio with a reasonable cheap charges. Any suggestions? Thanks a lot

Alexland

Cavendish should be fine as a low cost platform for your accumulation phase for the next 12 years. When you get into the drawdown phase you should reassess the market which will have probably changed by then anyway.

kidmugsy

Yanling wrote: »

Hi, the problem is that I don’t know investment and I can not manage the portfolio myself. I need a managed fund or portfolio with a reasonable cheap charges. Any suggestions? Thanks a lot

Apparently Vanguard are planning to offer a pension. You might keep an eye out for it.

Thrugelmir

Yanling wrote: »

I feel like I can not get much income with annuity in 12 yrs investment.

No point in guessing what the future might hold in store. Better to wait until the appropriate time arrives.

People piled into buying endowment mortgages as the investment returns were higher. History has told a different story for many. Everything moves in cycles , and as a consequence investor fads follow. As if there's never been a better product invented than sliced bread.

Yanling

kidmugsy wrote: »

Apparently Vanguard are planning to offer a pension. You might keep an eye out for it.

Maybe I could invest pension this financial year with Cavendish , and if Vanguard investor offers a pension later and if they are good, I could transfer from cavendich online to vanguard investor?

Yanling

Alexland wrote: »

Cavendish should be fine as a low cost platform for your accumulation phase for the next 12 years. When you get into the drawdown phase you should reassess the market which will have probably changed by then anyway.

I may invest into VLS 60 Acc instead of hsbc , as if I would like to transfer it to vanguard investor when they run a sipp later, would it be easier for transferring?