Royal London Governed portfolio range

mcc100

CRAIGSVILLE wrote: »

So I would transfer my DB pension into a governed portfolio for 12+ months, then at 55 transfer it to the GRIP portfolio, or could I just transfer it into the GRIP 12 months b4 I start drawdown at 55 ?


Thanks

This is a similar situation to mine.

12 months ago I transferred my DB pension into governed portfolio 5 . I took my TFLS in November when I was 55, and the remainder is now invested in Grip 3, where I plan to leave it untouched until my intended retirement at 60

CRAIGSVILLE

SonOf wrote: »

You could move it into the GRIP straight away. You can switch funds and GP/GRIP portfolios whenever you like without cost. It is the actual drawdown event that potentially levies that one off cost.



No you dont. Indeed, as advisers, we tend to use RL for transactional clients and use alternatives that are both cheaper and better performing for ongoing advice clients.

Could you give us a possible alternative in my situation that would be cheaper + better performing compared with , say the GRIP 3 retirement portfolio, which has an annualised performance of over 6% p.a , and very low volatility compared with most pension plans, unless you go down the route of a ' with profits' smoothing pension, which would be higher fees + less performace.
Even the RL fees, and the 0.15% bonus , in my situation, would be less than a Vanguard SIPP , or Interactive Investor SIPP.

Thanks

Craig

CRAIGSVILLE1

mcc100 said:

CRAIGSVILLE wrote: »

So I would transfer my DB pension into a governed portfolio for 12+ months, then at 55 transfer it to the GRIP portfolio, or could I just transfer it into the GRIP 12 months b4 I start drawdown at 55 ?


Thanks

This is a similar situation to mine.

12 months ago I transferred my DB pension into governed portfolio 5 . I took my TFLS in November when I was 55, and the remainder is now invested in Grip 3, where I plan to leave it untouched until my intended retirement at 60

Good to know :-) How do you find the RL site for withdrawing money ? Any problems, niggles ?

Had to reset my password , and have a new username since the update, hence the + 1 on my username

mcc100

CRAIGSVILLE1 said:

mcc100 said:

CRAIGSVILLE wrote: »

So I would transfer my DB pension into a governed portfolio for 12+ months, then at 55 transfer it to the GRIP portfolio, or could I just transfer it into the GRIP 12 months b4 I start drawdown at 55 ?


Thanks

This is a similar situation to mine.

12 months ago I transferred my DB pension into governed portfolio 5 . I took my TFLS in November when I was 55, and the remainder is now invested in Grip 3, where I plan to leave it untouched until my intended retirement at 60

Good to know :-) How do you find the RL site for withdrawing money ? Any problems, niggles ?

Had to reset my password , and have a new username since the update, hence the + 1 on my username

I've only withdrawn the TFLS, and that was straight forward with a short phone call.

CRAIGSVILLE1

mcc100 said:

CRAIGSVILLE1 said:

mcc100 said:

CRAIGSVILLE wrote: »

So I would transfer my DB pension into a governed portfolio for 12+ months, then at 55 transfer it to the GRIP portfolio, or could I just transfer it into the GRIP 12 months b4 I start drawdown at 55 ?


Thanks

This is a similar situation to mine.

12 months ago I transferred my DB pension into governed portfolio 5 . I took my TFLS in November when I was 55, and the remainder is now invested in Grip 3, where I plan to leave it untouched until my intended retirement at 60

Good to know :-) How do you find the RL site for withdrawing money ? Any problems, niggles ?

Had to reset my password , and have a new username since the update, hence the + 1 on my username

I've only withdrawn the TFLS, and that was straight forward with a short phone call.

Thanks for that. 
Can you see clearly  the 2 different pots for the cryslalised + uncrystalised ? Just asking as I've heard some SIPP platforms have the 2 together 🤪

Hal17

CRAIGSVILLE1 said:

mcc100 said:

CRAIGSVILLE1 said:

mcc100 said:

CRAIGSVILLE wrote: »

So I would transfer my DB pension into a governed portfolio for 12+ months, then at 55 transfer it to the GRIP portfolio, or could I just transfer it into the GRIP 12 months b4 I start drawdown at 55 ?


Thanks

This is a similar situation to mine.

12 months ago I transferred my DB pension into governed portfolio 5 . I took my TFLS in November when I was 55, and the remainder is now invested in Grip 3, where I plan to leave it untouched until my intended retirement at 60

Good to know :-) How do you find the RL site for withdrawing money ? Any problems, niggles ?

Had to reset my password , and have a new username since the update, hence the + 1 on my username

I've only withdrawn the TFLS, and that was straight forward with a short phone call.

Thanks for that. 
Can you see clearly  the 2 different pots for the cryslalised + uncrystalised ? Just asking as I've heard some SIPP platforms have the 2 together 🤪

Yes you can, nice and clear. Royal London also have a phone app which is really good.

CRAIGSVILLE1

Hal17 said:

CRAIGSVILLE1 said:

mcc100 said:

CRAIGSVILLE1 said:

mcc100 said:

CRAIGSVILLE wrote: »

So I would transfer my DB pension into a governed portfolio for 12+ months, then at 55 transfer it to the GRIP portfolio, or could I just transfer it into the GRIP 12 months b4 I start drawdown at 55 ?


Thanks

This is a similar situation to mine.

12 months ago I transferred my DB pension into governed portfolio 5 . I took my TFLS in November when I was 55, and the remainder is now invested in Grip 3, where I plan to leave it untouched until my intended retirement at 60

Good to know :-) How do you find the RL site for withdrawing money ? Any problems, niggles ?

Had to reset my password , and have a new username since the update, hence the + 1 on my username

I've only withdrawn the TFLS, and that was straight forward with a short phone call.

Thanks for that. 
Can you see clearly  the 2 different pots for the cryslalised + uncrystalised ? Just asking as I've heard some SIPP platforms have the 2 together 🤪

Yes you can, nice and clear. Royal London also have a phone app which is really good.

Thanks for that Hal17 . Good to hear 👍