- Switching a pension
I have an old employee pension, not a great deal but mostly appears to be paying fund charges and treading water.
I would like to transfer to a low fee cost / index FTSE100
Reading up seems the best way to do this would be something like A Vanguard index via a platform called interactive investor. Has anyone used this platform?
Is it as simple as asking them to do a SIPP transfer and it all gets sorted?Posted 2 months agoteefMember
Vanguard are planning to introduce SIPPs themselves – might be worth waiting for:Posted 2 months agosurferMember
Make sure you check the small print and as Footflaps says if its final salary then there are only a few circumstances where you would want to move that.
I have an III SIPP I find they are ok to deal with but I would look at charges for all the main providers and consider the size of your pot and how often you will be trading.Posted 2 months agoDT78Member
Not a DB, back of fag packet maths tells me its returning about 6% after accounting for inflation. That’s not actually that bad. Quite surprised really given its spread across 18 UTs picked in my ‘youth’
Trading wise I don’t intend to do much at all, sit tight and reinvest its a top up for my current DB which will hopefully enable me to retire a year or two earlier.Posted 2 months ago
You can do this with Hargreaves Lansdown.
They are quite expensive fees wise and offer terrible advice, eg they were recommending Neil Woodfords funds to all their clients whilst selling off their own holdings in his funds as quick as they could…..
II are one of the cheapest out there at £9.99/month.Posted 2 months agothekingisdeadMember
The (excellent) monevator.com website has a platform charge table to help you decide where is best / cheapest (cheapest isn’t always best but should be a important factor) of where to park your investments. IME it’s better than those produced by the telegraph or mymoney websites.
As above, for small pots, fixed fee will probably be more expensive than % based platform.Posted 2 months agoKryton57Subscriber
would avoid HL
The SIPP created by my company is in HL so I was in it before the Woodford thing. Anyway, the three funds in it are at 30%, 18% and 1.6% growth over 7, 4 and 1 year respectively. Look at history and the trend is of constant growth in general over 20 years or so. Seems ok to me.Posted 2 months ago
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