Pension managers

SeanFarrell

I can get information on the costs of pension providers no problem. The other side of the coin is how will they manage your fund? I have a group of pensions I want to move into a managed drawdown scheme. The costs of that are transparent but I wish to know which companies grow the pot and what their performances are so enabling me to make a fully informed decision as to which managed drawdown is best. I have no problem with higher costs if they are joined with a higher growth performance of the capital whilst taking a reasonable risk. Does anyone know how to access this information without paying a not well informed financial advisor a fortune

dunstonh

 The other side of the coin is how will they manage your fund?  I have a group of pensions I want to move into a managed drawdown scheme. 

Who is they? 

The pension provider is the adminstrator for your pension. They do not manage the funds
Your adviser is the planner for your retirement needs. They decide the drawdown strategy that is best for you and they will select the investment funds.  If you don't have an adviser, then you select the investment funds (or go with the default) and you decide which drawdown strategy you intend to use.
The fund manager for the investment funds controls the investments within the fund.

The costs of that are transparent but I wish to know which companies grow the pot and what their performances are so enabling me to make a fully informed decision as to which managed drawdown is best. 

The main type of pension nowadays are whole of market.  So, all whole of market pensions offer the same investments.

If you are going with their "pathway" solution (which can be very basic and not very good with some) then you will need to compare those.  However, there is often no drawdown strategy with these.  That is still left to you.   All they are really doing is giving you a basic investment solution  as its better than leaving it in cash (which is what happened with a lot of DIY drawdown cases and the FCA wanted to prevent that).

 I have no problem with higher costs if they are joined with a higher growth performance of the capital whilst taking a reasonable risk. 

So, its not the drawdown strategy you are looking at but the past performance.  In which case, you use Trustnet or Morningstar.

Does anyone know how to access this information without paying a not well informed financial advisor a fortune

The adviser will be more informed than you.   And they will be more informed than a pension provider offering a basic managed fund.
What drawdown strategy are you using?  (i.e. what method of drawdown)
What investment strategy are you using?  (total return, yield, bucketing etc)

Albermarle

The costs of that are transparent but I wish to know which companies grow the pot and what their performances are so enabling me to make a fully informed decision as to which managed drawdown is best.

A pension provider is really just an administrator, that has a system that accepts your contributions, organises your withdrawals, deals with tax and buys/sells/holds investments within the pension. Plus of course they charge a fee for their services

However they only work with your instructions ( or your financial advisors instructions) and they do not manage your drawdown.

You have to do that, and pick the investment(s) . This can take some time and research/knowledge. The pension provider will provide some general guidance and try to offer some simple packages of investments, but will not offer you any personalised advice.

Now once you get started it is quite possible that the investments funds you pick will just tick over nicely, and a regular payment plan will be just that. But you have to realise you are responsible for overseeing it, or your financial advisor is.

Does anyone know how to access this information without paying a not well informed financial advisor a fortune

Not a very appropriate comment, considering your own clear lack of knowledge in this area.

TheBanker

SeanFarrell said:

Does anyone know how to access this information without paying a not well informed financial advisor a fortune

Yes, pay a well informed (Independent) Financial Advisor the appropriate fee for their time and knowledge.