Anyone had experience of either of the above for their personal pensions?, I have one with scottish widows and another with virgin money at present, but feeling drawn to PensionBee (probably just due to the slick branding) or Cavendish as we have life insurance through them which was for a great price.
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PensionBee || Cavendish Online Pension?
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Originally posted by BradMcA View PostAnyone had experience of either of the above for their personal pensions?, I have one with scottish widows and another with virgin money at present, but feeling drawn to PensionBee (probably just due to the slick branding) or Cavendish as we have life insurance through them which was for a great price.Comment
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Originally posted by northernladyuk View PostDo you have any personal or business links to PensionBee?
One review of PensionBee said the same thing could be done cheap as a "DIY pension".
I also see there is a minimum monthly of £200 with the cavendish FundSupermarket (which is what I meant to refer to originally, however I see as with life insurance they do discount managment fees on a couple of regular pensions too)Comment
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Originally posted by BradMcA View PostNope no connections at all, been contracting through my ltd company for two years now and feel like making something of the two old pensions I already have but as many people - have not thought about for far too long.
One review of PensionBee said the same thing could be done cheap as a "DIY pension".
I also see there is a minimum monthly of £200 with the cavendish FundSupermarket (which is what I meant to refer to originally, however I see as with life insurance they do discount managment fees on a couple of regular pensions too)
1. Sign up with a SIPP provider
2. Use tracker funds spread globally to keep costs down.
You may then need to change the SIPP provider when your pension gets larger."You’re just a bad memory who doesn’t know when to go away" JRComment
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Originally posted by SueEllen View PostGet a SIPP and use tracker funds.
I think SIPP is just for people who know the market and can make those DIY decisions, computer programming I know, financial investment markets I don't :/Comment
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Originally posted by BradMcA View PostI think SIPP is just for people who know the market and can make those DIY decisions, computer programming I know, financial investment markets I don't :/
A tracker fund just tracks the stock market. In the vast majority of cases they perform better than actively managed funds over 5, 10, 15, 20 etc periods.
To ensure you don't put your eggs in one basket you make sure your tracker funds each follow a different stock market.
If you search this forum through Google you will find loads of tips on what provider to use and what funds that are worth considering to use."You’re just a bad memory who doesn’t know when to go away" JRComment
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Originally posted by SueEllen View PostThat's where you are silly.
A tracker fund just tracks the stock market. In the vast majority of cases they perform better than actively managed funds over 5, 10, 15, 20 etc periods.
To ensure you don't put your eggs in one basket you make sure your tracker funds each follow a different stock market.
If you search this forum through Google you will find loads of tips on what provider to use and what funds that are worth considering to use.
Ta, a less silly pension future awaits!.Comment
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