pensions - what are people doing?

bjorn_toby_wilde

I believe they cap their account fee at £375 but there will be management fees too.

Albermarle

cloud_dog said:

MK62 said:

Several platforms do a managed pension, where they do all the investing and make all the investment decisions. For one example, take a look here....  https://www.vanguardinvestor.co.uk/what-we-offer/personal-pension/we-do-it-for-you

Your pension would cost about £1220pa with them.......for comparison, going DIY on the same platform would cost about £620pa.

AJ Bell is another platform offering a similar service........https://www.ajbell.co.uk/pensions/ready-made-pension

I expect there are more as well - just keep an eye on the costs.

Another option, at lower cost,  could be a DIY pension with a single global multi-asset fund (perhaps a few for those who don't like putting all their eggs in one basket) where the fund managers essentially make all the investment decisions within the funds themselves.......examples of such funds are HSBC Global Strategy series, Blackrock MyMap series, CT Universal MAP series.......(not an exhaustive list though). Some might argue the pros and cons of each, but performance has been generally similar for funds with similar risk levels.....

Don't Vanguard cap their charges at £375pa?

Vanguard cap their platform fee at £375. You still have to pay the charges for the actual investments.

Also the extra 0.3% for managing the pension for you ( we do it for you) is extra and not included in the cap.