Pensions - How to pick one

[syrio]

Fund costs are VERY important and forget the 1-2% doesn't seem like much, this is going to hamstring you and the effect over 30 years is an absolute shocker.
Go on HL.co.uk, setup monthly payment into Vanguard Lifestrategy 80/20 fund and then start reading Monevator.com, fool.co.uk until you get it.
It will be the best paid research you will ever do.

I couldn't agree more. However HL can get expensive due to their 0.45% charges on funds, so I'd imagine most contractors would be best moving to a fixed fee provider once their pension has reached a certain size.

[lukemg]

I couldn't agree more. However HL can get expensive due to their 0.45% charges on funds, so I'd imagine most contractors would be best moving to a fixed fee provider once their pension has reached a certain size.

Very much agree with this, Monevator does regular tables of who to go to when you reach a certain size etc.
I am with HL but use ETF's to reduce the cost but will prob move in the next 12 months.
For a newbie though its prob a good option.