Move pension to NUTMEG? £100 bonus

[tobitcoinornottobitcoin]

Does anyone have a pension with Nutmeg? Is the dashboard any good?

I've received an offer to transfer my pension to Nutmeg for a cash incentive- £100 for each £10k invested. I have 2 pensions with a total of £29k in.

They've not said how they'd invest the money in their email...

My 'Friends' pension has a rubbish interface and they're crap to deal with. So I'm considering the offer...

It's growth was about 11% this last 12months..

Bumping

Who's your pension with now?

Friends provident - so it's just been bought by Aviva...

Bumping

Bumping again..!

No idea about Nutmeg. I am waiting to see what the Aviva interface is like and what performance is like over the coming year, then will look at moving.

Have you managed to view your Friends Provident pension in the Aviva interface yet?

Nannynick - no... all I get is the pension value. I like the Aviva interface (for an original Aviva pension).

I would try and find out who is actually the financial institution behind nutmeg, I'd be v surprised if they're not managed by someone like Friends! Aviva is a good name. You need to be looking for their long term performance...

Nutmeg is a Robo adviser DFM. High level charges for low value funds IMO.

Interesting... so I managed to do some research and the pension performance for a Nutmeg mid level risk approach 6/10 was about 6% last year whereas the Friends one performed about 12% IIRC. I'll check the Friends figure.

Dontcallme - I'm guessing you think the Nutmeg ISA funds are also overpriced?? I have one of these because it's so bloody easy to manage - if you're like me and clueless...

Well that's the key really, you pay for their knowledge. Pensions is a bit of a funny one. Some manage the money themselves, others (E.g. Aviva) offer a platform and you select the funds.... which would send you back to Nutmeg. I'd look at a higher risk portfolio unless you're in your late 50's. The more equities the better.

Higher risk... I'll check this out, thank you.

Nutmeg are advertising hard this time of year I've noticed with offering me £100 offers to being my pension over and John Lewis vouchers if I introduce a friend etc.

If only Friends etc had a better interface I wouldn't be considering moving it. Plus the call centre ppl have been a bit clueless a few times when I've called. Grr!

Friends life's admin is shite, but some funds are fine.