Pensionbee or Fidelity pension

[Lincslady53]

I am looking to start drawing my private pensions on a year or so. At the moment they are with a company that do not do drawdown pensions, so I have to transfer to a drawdown account. I have been looking at Pensionbee, Fidelity and Vanguard, amongst others. Does anyone have experience of any of these companies, and can share their experiences? Thanks. LL

Vanguard I find easy to use but I am not in drawdown. Having read how their drawdown works, I am anticipating it to be just as easy as it is paying money in.

I would look at fees. Low cost may not give you a nice app but your money may last a bit longer.

All 3 have low fees, I found Vanguard very easy, but the losses in 2022 were worrying, even more so with my pension fund which I have built up over 40+ years, and in the same period dud show growth not losses. I will go to an IFA before we decide but want to have some ideas before we get paid for advice.

Losses will depend on the funds being used. I expect most, if not all, funds had a loss of money was put in end 2021/early 2022.

If you chart the performance of a fund over the last 12 months, many are showing an upwards trajectory. If you chart over a 24 month period, then some have not got back to where they were two years ago.

Trustnet is a good site to use to see fund performance charts. Don't know if Pension Bee funds are on there but it has a variety of funds, including some of the managed pensions.

Thanks, I shall check out trustnet.