PENSION WISE ANY GOOD.

clive0510

Hi hope you are all well. just going through pensions paperwork. I got bits of paperwork everywhere from 3 different pensions I been in over the years. just wondering if anyone has used the pension wise website and if so was it any good. I'm sort of thinking of asking them for advice as to what do. ie invest more, invest less, or just do nothing.

Dox

They don't give advice, just provide generic information and 'guidance'.

xylophone

How old are you?

Do you have a current pension scheme? If so, what kind?

What kind of pensions are those that relate to previous employments?

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

clive0510

oh ok. well maybe that would be a start at least.

OldMusicGuy

PensionWise can be very helpful but like others said they do not give you any investment advice. If you take all your pension paperwork in they will explain more about what the pensions are and what options you have to take them. Only you can decide how much you need in retirement and if you have enough in your pensions. Or you can pay an INDEPENDENT financial advisor to help you (won't be cheap)

You've got to be over 55 to make a PensionWise appointment (it's free).
EDIT: My bad, you need to be over 50 (as others kindly pointed out and I knew that really ;-) ) 

clive0510

You've got to be over 55 to make a PensionWise appointment (it's free). 
ok thats the road I'm going to because all I'm doing is looking at columns of figures here. thanks for the advice.and it was free!

fred246

I had a small private pension that I had asked an IFA to review. She said that if she looked at it her charges were so high that there would be nothing left. So just after I was 50 I went to pension wise. They wouldn't give any advice either. It all just seemed to be a very expensive way to educate people on the different options available to take a private pension pot.

dunstonh

fred246 said:

I had a small private pension that I had asked an IFA to review. She said that if she looked at it her charges were so high that there would be nothing left. So just after I was 50 I went to pension wise. They wouldn't give any advice either. It all just seemed to be a very expensive way to educate people on the different options available to take a private pension pot.

Sorry but i call BS on that.   That is just you trolling as usual.    There is no way an IFAs charges can do that unless your pension fund is so small you couldnt buy a TV with it.
Perhaps the IFA had you sussed pretty early on and was putting you off gently as they didnt want to deal with you.  Assuming that you actually saw an IFA in the first place, which is doubtful given your past posting history.

luvchocolate

I had a meeting with them a couple of years ago. I understand they should not give advice but the lady I saw actually said "if I were you.......""

ffacoffipawb

clive0510 said:

You've got to be over 55 to make a PensionWise appointment (it's free). 
ok thats the road I'm going to because all I'm doing is looking at columns of figures here. thanks for the advice.and it was free!

You can access pensionwise from 50 I believe, certainly before age 55.

clive0510

luvchocolate said:

I had a meeting with them a couple of years ago. I understand they should not give advice but the lady I saw actually said "if I were you.......""

That's what im going to do. I've filled in there on line form and they're going to send the necessary in the post.need to get this right. worked all my life for it.