Help on pension planning

AlanP_2

tanyasharma said:

Thanks for the advice.
Could anyone point me in right direction for decent personal pension plans?
Is this a decent list to start with?

https://www.wealthify.com/
https://www.nutmeg.com/
https://www.vanguardinvestor.co.uk/what-we-offer/personal-pension/personal-pension-account
https://www.fidelity.co.uk/services/sipp/
https://www.standardlife.co.uk/pensions

I'm thinking the way to compare is their annual charges + the last 10(?) years performance + fund manager performance.
Thanks all!

You have listed firms that provide pensions but you also need to consider the investment choices you hold in those pensions.

Some offer both their own funds and the pension admin so it is easy to mix them up.

For example you could buy and hold a Vannguard fund in a pension with Vanguard and Fidelity off your list. Manager performance, as measured by returns, would be the same for both but the fee charged for "admin" would be different.

Fidelity give you access to 000s of investment options, Vanguard their own (say 40/50) options whilst Wealthify & Nutmeg are "robo" services where you answer a few online questions to try and ascertain your risk level and it then makes a recomemndation of a portfolio from their "shop" that should do the job.

The important aspect is the investment choices. Vanguard charge 0.15% admin and Fidelity 0.35% (I think) so a 0.2% difference.

Go to Trustnet and choose 2 random funds, 0.2% difference in fees will not scratch the surface of the difference you will see in %'age returns, even over 1 day typically.

InhaleMood

AlanP_2 said:

You have listed firms that provide pensions but you also need to consider the investment choices you hold in those pensions.

Some offer both their own funds and the pension admin so it is easy to mix them up.

For example you could buy and hold a Vannguard fund in a pension with Vanguard and Fidelity off your list. Manager performance, as measured by returns, would be the same for both but the fee charged for "admin" would be different.

Fidelity give you access to 000s of investment options, Vanguard their own (say 40/50) options whilst Wealthify & Nutmeg are "robo" services where you answer a few online questions to try and ascertain your risk level and it then makes a recomemndation of a portfolio from their "shop" that should do the job.

The important aspect is the investment choices. Vanguard charge 0.15% admin and Fidelity 0.35% (I think) so a 0.2% difference.

Go to Trustnet and choose 2 random funds, 0.2% difference in fees will not scratch the surface of the difference you will see in %'age returns, even over 1 day typically.

Thanks for the response!
Yes I'm aware of that. I'm not looking to actively select funds, my knowledge/skill doesn't go that far!
I would be looking at the relevant risk profile for the robo investors and the vanguard one would be the 2050 retirement target fund.