The Money Mustache Community

Learning, Sharing, and Teaching => Ask a Mustachian => Topic started by: tetlee on March 02, 2016, 04:42:29 PM

Title: Pension Provider UK
Post by: tetlee on March 02, 2016, 04:42:29 PM

I have an old company pension in the UK which s currently held with Aviva.

Does anyone have any suggestion of somewhere better I could move it?

I looked at vanguard but it seems to be different back in the UK.

Title: Re: Pension Provider UK
Post by: worms on March 03, 2016, 01:31:36 PM

Are you looking to cash in the current pension then invest the money or simply to transfer to another pension provider?

Title: Re: Pension Provider UK
Post by: Playing with Fire UK on March 04, 2016, 02:56:06 AM

Is better = lower fees or something else? If you want something simple and hand-holding a SIPP may not be for you, if it is then:

http://monevator.com/cheapest-pension-diy/ (http://monevator.com/cheapest-pension-diy/)

http://monevator.com/compare-uk-cheapest-online-brokers/ (http://monevator.com/compare-uk-cheapest-online-brokers/)

^Be aware that a " - " in the row for a SIPP generally means 'same as above' rather than 'free'

Also, if you are on board with the mmm-thing, go for a fixed fee straight away- I went for a % fee because it was cheaper for the first year; saved WAY more than I thought and am now having to look at exit fees for moving and the hassle of arranging a transfer [Oh the horror and pain of my difficult life with my pension growing so fast #MPP /s].