Nest vs SW - Charge Differences

[coe123]

I have no idea what you are talking about.

I have never heard of these companies.

Annual charges and funds?? That doesn't sound very umbrella-like to me.

Sorry - I looked at other boards and didn't see any relevant ones.

Contributions and Fees | NEST Pensions

1.8% sounds a lot but they then only charge you 0.3% per annum, so over the long term it looks like a reasonable deal.

Nest is clear on that one, but I want to know if SW charges this too. 1.8% of £40K is £720, and more importantly I don't like the fact that they take it away the day I deposit the money - I accept the fact that companies need to make money to operate but as a customer I am entitled to look at a better deal if one is available.

Anyone using Scottish Widows group pension?

[Cirrus]

If you are with SW, do you know what sort of charges you pay - or provide a link which has specific details of all charges?

Contributions and Fees | NEST Pensions

1.8% sounds a lot but they then only charge you 0.3% per annum, so over the long term it looks like a reasonable deal.

[cojak]

Pension

Then this should be posted in A/L as fewer people read this forum unless they have an interest in umbrellas.

I’ll move it.

[lucyclarityumbrella]

You need to speak with the pension provider; the umbrella can only discuss certain elements of the pension with you as they are not regulated to advise. Best to call the providers and ask them direct.

[Anonimouse]

I have no idea what you are talking about.

I have never heard of these companies.

Annual charges and funds?? That doesn't sound very umbrella-like to me.

Pension

[cojak]

I have no idea what you are talking about.

I have never heard of these companies.

Annual charges and funds?? That doesn't sound very umbrella-like to me.

[coe123]

Sorry - very specific question but one that might translate into some good ££ over the next few years so looking to get an idea.

I looked at Nest and they appear to charge a rather high (1.8%) Contribution Charge to put money in, I then looked at whether SW and their documentation is less clear - although there is fund specific charge (std annual charge), there is no info on whether there are any other entry/exit charges.

If you are with SW, do you know what sort of charges you pay - or provide a link which has specific details of all charges?