choosing a provider for cash withrawals form pension pot

Samelsie

My pension pot is with Fidelity International.I work for a large corporation and they chose Fidelity for the company DC scheme. I retire soon. I am thinking of taking cash chunks when I need them as hopefully most basics covered by other income.I believe taking no more than 3% per annum is a good rule of thumb. I don't want to manage the fund. How can I find out if Fidelity is a good company to stay with. I can look at how the funds they have chosen for me have performed over say 15 years but do not know what is a good return or a bad one.

Any pointers or experience of Fidelity?

dunstonh

I don't want to manage the fund.

Who do you intend to manage it then?

How can I find out if Fidelity is a good company to stay with.

Most Fidelity workplace pensions are limited range and charges middle of the road. I transferred one out last year from FIL and on a like for like basis it was cheaper then FIL. FIL couldnt offer the fund selection I wanted either.

I can look at how the funds they have chosen for me

They havent chosen any funds for you. You have chosen the funds. If you did not choose, then you would have ended up in the default.

Any pointers or experience of Fidelity?

For the benefit of other posters, the workplace FIL pensions are not the same as Fidelity Fundsnetwork (the retail pension product). Its cut down in fund choice significantly.

Samelsie

Thanks for your response. You are correct I chose something called 'lifestyle strategy' and FIL chose the funds in that. It has now moved on to something called 'lifestyle drawdown strategy'.