Closing Company - What happens to Company Pension?

[Lockhouse]

You'll probably have to pay an early exit charge but once you reach 55 this is capped at 1%.

[Cirrus]

Consider ETF global trackers from Vanguard (VWRL) for the investment (they are classed as shares so DON'T get charged the 0.45% platform fee...)

Interestingly I put some money into Vanguard a few days ago (on HL). My lad works for Goldman's and he advised me that passive investing is a lot cheaper. I'll check whether I'm saving the 0.45%. I assumed everything on a Vantage SIPP was charged. Vanguard themselves don't appear to have SIPP options; only ISAs.

[Fred Bloggs]

Interestingly I put some money into Vanguard a few days ago (on HL). My lad works for Goldman's and he advised me that passive investing is a lot cheaper. I'll check whether I'm saving the 0.45%. I assumed everything on a Vantage SIPP was charged. Vanguard themselves don't appear to have SIPP options; only ISAs.

If you hold a fund (unit trust or OEIC) HL are charging you 0.45% on it up to the value of GBP 250,000.

[lukemg]

If you hold a fund (unit trust or OEIC) HL are charging you 0.45% on it up to the value of GBP 250,000.

That is true, although it's less for ETF's like VWRL which are treated as shares. New Vanguard platform is much cheaper for funds(0.15%) but you can only choose from their funds/etf's AND no SIPP option yet (it's coming apparently)
You could do a LOT worse than a Vanguard lifestrategy 80 fund (20% bonds to reduce risk) as a core holding, globally diversified, low cost, rebalances to bonds automatically. Setup up monthly payment and hold your nerve if it takes a kicking, forget it for 5 years, job done....

I am transferring a JISA over this week.

[Cirrus]

The Future is Passive

You could do a LOT worse than a Vanguard lifestrategy 80 fund (20% bonds to reduce risk) as a core holding, globally diversified, low cost, rebalances to bonds automatically. Setup up monthly payment and hold your nerve if it takes a kicking, forget it for 5 years, job done....

Curiously my lad spent some time analysing my portfolio which I have lovingly developed (making a ton on emerging markets at the moment) and came to a near identical conclusion: "Vanguard LifeStrategy 60% Equity- It is only 22bps, which is pretty good and you could put the whole lot in there"

[lukemg]

Curiously my lad spent some time analysing my portfolio which I have lovingly developed (making a ton on emerging markets at the moment) and came to a near identical conclusion: "Vanguard LifeStrategy 60% Equity- It is only 22bps, which is pretty good and you could put the whole lot in there"

Would not argue against the 60 (%in shares) option to reduce the risk slightly. For me, I can stomach the risk and intend to run the SIPP well into retirement using drawdown to access over time so I am not worried about shifting to a big bond position in case of a drop just before retirement, which used to be conventional wisdom.
If a drop happens, I will just ride out the drop as I have in the past and expect the larger shares position to perform better over longer periods.

[DallasDad]

Consider ETF global trackers from Vanguard (VWRL) for the investment (they are classed as shares so DON'T get charged the 0.45% platform fee...)

I also use Vanguard (Vanguard LifeStrategy 80% ) but now might not be the right time to invest - my chosen fund has been pretty flat for a few months now since the big rises last year.
I also have a fair bit invested in Fundsmith Equity T Acc, and that's doing a lot better by several percentage points at the moment in comparison but that one does carry higher fees

Year on year over time both have been brilliant.