Advice as trying corporate small pension pot. SFL wealth management are advising

dunstonh

I will definitely take a look at Vanguard. The lady from SFL said they use them too. 

They may use Vanguard for the investments but they wont use them as a provider.   Quite possibly they would use Aviva platform as the provider as Aviva discount their platform charge to existing life & pensions investments on old plans moving to the platfom.

paul2louise

dunstonh said:

I will definitely take a look at Vanguard. The lady from SFL said they use them too. 

They may use Vanguard for the investments but they wont use them as a provider.   Quite possibly they would use Aviva platform as the provider as Aviva discount their platform charge to existing life & pensions investments on old plans moving to the platfom.

That is possible. She said she was recommending the vanguard as it had performed 53% over 5 years compared to my current one that had performed only 30%. The fees for the new one 0.5% compared to the 0.95% I was paying currently

Joey_Soap

Albermarle said:

Joey_Soap said:

Albermarle said:

If you open the Vanguard SIPP as mentioned above , they will organise the transfers . Normally there would be no need to have any further contact with Aviva. 

This person simply cannot afford the luxury of using an adviser. A few minutes downloading from Vanguard is what's needed here.

I think you misunderstood what I said ,. I have inserted some extra words to make it clearer.
If you open the Vanguard SIPP as mentioned above , Vanguard  will organise the transfers . Normally there would be no need to have any further contact with Aviva ( or the IFA) 

It was me that was not being clear, thanks. I am agreeing with you. The OP cannot afford an adviser and any person with a strong sense of right and wrong would explain that to her. Perhaps in the hope that one day she'd perhaps remember and come back with a lot more money to invest.

barnstar2077

 I am in the process of transferring in from another SIPP to Vanguard at the moment, and I already have a SIPP and ISA with them.  They may not be the absolute cheapest, but they are very cheap and if you just pick a simple fund, like one of their Lifestrategy funds, to invest in then they are low stress / low maintenance.  If you can use online banking then you can use their site no problem.  I have also messaged them multiple times from within my account and they have been able to answer my questions no problem.  I will eventually be transferring in my current works pension too, but that is a long way off.

paul2louise

I spoke to Aviva who didn't advise but said they have a new pension that I could transfer my other 2 pots into that has a 0.4% charge. Then depending on what funds I choose they start from as low 0.05% . If I open the new pension as a cash fund once it is open and other funds have transferred in I can choose to have a managed fund or choose my own funds with whatever risk. If is choose a medium risk option then this is surely has to be a better option than paying £1000 for an advisor to choose for me. I can look at the funds and see how they have performed.