What to do with £100/month?

dunstonh

What has a projected fund got to do with anything? Nothing!

It is one of the most important things required to do an analysis. Without it the IFA would not be able to compare charges on a like for like basis.

I did a Zurich review yesterday on an ex Dunbar plan and I have recommended leaving it where it is. Main reason is that the plan has high contribution costs but no annual management charges (taken but fully rebated).

Ex Dunbar plans are typically expensive to pay into but once invested and those initial charges paid, the ongoing charges are cheap or non existent. As the IFA cant do anything about the initial charges you have paid, he has to look at the position going forward and unless modern alternatives are cheaper, then its best leaving it where it is. The Zurich Managed fund isnt a bad fund either. Its not fashionable, it wouldnt be a fund you would choose if you had a clean slate but the charges difference was too great.

EdInvestor

frogeyesimon wrote: »

the projected fund at age 60 is higher for your existing plan than for a new stakeholder contract.

Possibly it is, but why would you move the pension to another stakeholder contract with crap fund choice and often higher charges than to a personal pension or SIPP with quality fund choice and competitive charges?

What a waste of everyone's time.