I could have asked this over at Pensions, but I think this is a more relevant audience for this question.
Do you pay into a pension which invests primarily in ETF index funds, and in doing so reducing the costs associated with your investment compared to a standard unit fund from the insurance companies?
I ask since I haven't been able to so far. Perhaps it will be more possible as I build up my fund over the years.
I looked to find such a pension investment plan, but ended up with what I would call a "McDonald's" personal pension: an actively-managed Zurich fund with a 1.5% annual management fee.
The financial planner who provided this personal pension steered away from the possibility of lower-cost investment in index funds within a pension. That's understandable, since his whole business model is based on commission from the insurance company.
From previous posts I've asked over at Penions, its seems you'd want a relatively large pension fund to be able to economically take advantage of more custom pension schemes that allow you to do a self-directed pension.
Do you pay into a pension which invests primarily in ETF index funds, and in doing so reducing the costs associated with your investment compared to a standard unit fund from the insurance companies?
I ask since I haven't been able to so far. Perhaps it will be more possible as I build up my fund over the years.
I looked to find such a pension investment plan, but ended up with what I would call a "McDonald's" personal pension: an actively-managed Zurich fund with a 1.5% annual management fee.
The financial planner who provided this personal pension steered away from the possibility of lower-cost investment in index funds within a pension. That's understandable, since his whole business model is based on commission from the insurance company.
From previous posts I've asked over at Penions, its seems you'd want a relatively large pension fund to be able to economically take advantage of more custom pension schemes that allow you to do a self-directed pension.