Nat West Pension - Should I change?

Mickey_Monk

I have a pension with the Nat West that I started 10 years ago and has a further 15 years to maturity.
I'm a basic rate taxpayer and I pay just over £100/month.

The question is, is it any good and should I keep it as it is or should I transfer it to someone else, probably with the help of a IFA?

2004 value was £7300
2005 value was £10250
2006 value was £12500
2007 value was £15100

dunstonh

The question is, is it any good

Assuming you mean personal pension and not an occupational pension with Natwest then almost certainly it will be a bog standard pension with basic investment options with average or below average investment options.

Not an option you would be in by choice.

bigbloke45

Assuming that you have paid 108 X £100, then your total return over the 9 years to 2007 is some 7.04%. You can have a look at at other funds, but the problem is trying to see what £100 per month would have produced with them.

Probably a "broad brush" approach would be better i.e. compare the Natwest performance over some time periods to see how they stack up.

I suspect that DH will be right on this.

Then see what options you have; if you won't be giving uo an employer's contribution, I'm pretty sure you can do a lot better than Natwest.

Out of interest, what made you decide on Natwest in the first place? I suspect it might have beenone of their "advisers".

Good luck and report back!