PensionBee || Cavendish Online Pension?

[BradMcA]

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.

[SueEllen]

Get a SIPP and use tracker funds.

[northernladyuk]

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.

Do you have any personal or business links to PensionBee?

[BradMcA]

Do you have any personal or business links to PensionBee?

Nope 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)

[SueEllen]

Nope 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)

We have lots of posts about pensions and the consensus is to:
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.

[BradMcA]

Get 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 :/

[SueEllen]

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 :/

That'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.

[BradMcA]

That'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!.