ISA Help 21 October 2019 at 9:32AM edited 30 November -1 at 12:00AM in Savings & Investments 22 replies 946 views

pkpk

Thanks for that.

Would it make sense to transfer my Natwest Isa to Vanguard sand set up a separate pension?

xylophone

If you are happy with Vanguard and want only Vanguard funds then you could consider a transfer,

With regard to a pension, you have a choice of providers - the stakeholder would be simple to begin with.

Something to read

https://www.amazon.co.uk/DIY-Pensions-Simple-Retirement-Planning/dp/1520782683

Have you obtained a state pension forecast?
https://www.gov.uk/check-state-pension

pkpk

Thanks for that. I do have a state forecast. That's one hating I'm on top of. Do you have any recommendations for pension providers?

MallyGirl

once you have done a bit of reading about the fundamentals then a quick search on stakeholder pension providers is probably the best plan.
If you become more knowledgeable in the future you could always transfer at that point but, for now, something is better than nothing.

pkpk

There only seems a few Stakeholder providers but there are 40 funds to choose from. Is there any benefit to choosing Stakeholder over a SIP?

Hargreaves Landsdown and Fidelity only offer SIP's from what I can see.

xylophone

If you don't have a great deal of experience, the simple option would be a start - you could then do your research?

You also have the option of a personal pension. Example

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

https://moneytothemasses.com/saving-for-your-future/pensions/the-best-cheapest-sipps-low-cost-diy-pensions

https://monevator.com/find-the-best-online-broker/

https://monevator.com/index-investing-guide/

pkpk

Thanks a lot. The more I read the more options and subsequent confusion.

The Stakeholder option seems a good way to start and if I put some regular time aside it seems I can transfer out once I know what I'm doing a little more.

A quick look at the Avivia Stakholder (looks to be chaper when bought through Cavndish) offers 40 funds! Seems over complicated for the simple option. Where would you start in narrowing these down?

xylophone

Have you read the stakeholder fund guide available here?

http://www.aviva-for-advisers.co.uk/adviser/site/public/products/individual-pensions/stakeholder-pension

pkpk

Yeah its completely mind boggling. The risk section doesn't have a key as which is high or low and in layman's terms the terminology is another language.

pkpk

Is there a specific fund on Avivia that would work as a set it and leave it? Or even type of fund.

I found the risk ratin and made some progress with terminology! Baby steps!