This was fantastic, I have three old pensions and my current active employer matched pension. I’ve been thinking about seeing an FA about them for a while but feel I now have some knowledge to carefully ask the correct questions and do this myself. Thank you ☺️
Thanks very much for the workshop. it was more understandable than any of the previous employer led attempts before. On holiday at the moment but will look into optimising these when I get home.. 👍😀
“Risk vs Volatility “ that is such an important concept. I certainly wasn’t informed by the financial advisors used in the past and certainly “coerced “ into making a poor decision. Another GEM explained , brilliant guys……
Aw thank you for the lovely comment. Yeah I hate how the financial industry has confused the two and scared people from investing in stocks and shares for the long term 😠
Royal London charge a 0.72% fee for their default auto enrolment fund - Balanced Lifestyle Strategy. Most people in our company have no idea they're paying this level of fee, it's never crossed their mind to look.
Hugo thank you for tunning in and the comments. We worked hard to really break all the elements down and make simple next steps! it was tough with such a complex subject!
I work for Abri (3yrs) as does my sister (9yrs) and mum (15yrs)! I'm trying to encourage them to come on your course and constantly send them your videos but they won't listen 😂 they want me to just do it for them 😅
Hey Hopey, thanks for sharing the message and we really appreciate it!! Isn’t It frustrating when you want to help someone you love but they don’t want to do it….. thanks for telling them and spreading the word! You rock
Such a great video!! I’m still a bit confused as I’m trying to get through all my fund fact sheets and details…. On one of my pensions I have an initial charge: 1.8% And an annual charge of 0.3% I don’t feel I understand what an ‘initial charge’ means. Does this mean that my combined fees are 2.1% if I were to keep paying into this pension?
Hey Amelia. Thank you for the nice comment! The initial charge means what they take from what you put in. Eg you put in £100, they take £1.80. You would have to check if there’s an initial charge on any lump sum up front or if it’s every contribution you make or both The annual charge could be a platform fee or the fund fee. Please check! This means that every year they charge you 0.3% of EVERYTHING you have invested Im so happy you enjoyed the video and let us know what further questions you have! ❤️ Katie
@@rebeldonegans thank you so much for clarifying. As I’m filling in my table, does that mean the total fees would be 2.1%? or is the 1.8% not included as it’s a one time cost 🤔
@@ameliahart451 hey Amelia. Based on those fees, sounds like you’re with NEST is that correct? Personally I would have two columns for the fees, one for the initial fee and one for the annual charge since they’re structured differently so you can’t really add them together! Let us know how you get on ❤️
@@rebeldonegans yeah I watched this video, they gave an option of them managing the sipp or I choose which funds to invest in, and as I’m not experienced at all I chose the first option, I read good reviews on their pension and decided to go for it, as opposed to an annuity where I’d been quoted fixed amount over seven years (long story why I’m doing that), the fees for the annuity ranged between 3-5% from two companies I had quotes for
@@rebeldonegansit’s invested in their vanguard target retirement 2025 fund growing at 2.48% the illustration document says. I watched this video if that’s what you mean?
Yes after listening to you I am an investor. I was auto opted in to NEST. I totally do not understand it,but money is going into it. I also have a pension with Royal London totally do not understand all the investments that they do for me just see my money going down. Also my financial advisor has been taking £1,000 each year since 2014 and only just found out because Royal London sent me a statement .
Dawn the best thing you can do is come on Rebel Finance School this summer. It is a free course. It will help you to really understand the different investing elements and to know what to do with your royal London and nest pension. You can absolutely take control and get going.
Well got through to Royal London and they were brilliant. My NI number has been changed no problem. Asked about there management charges it's 0.9% and nothing else is taken out they said. I'm invested in 10 investments and they are going to send me out all the details yeahhh🎉 While I'm here I got speaking to a friend and told him about you two so he's going to look you up. The icing on the cake is I ran through a few things with him and told him to find his other pension when he opted out all those years ago. He took action and found he had £80,000 in a dormant pension 🤑🤑🤑🤑🤑🤑🍾🥂💥he couldn't believe it. So now he's taking the next step and joining the group 🙌🏽🙌🏽🙌🏽
Hey! Thank you for the question. If you’re self employed you can start a SIPP (self invested personal pension). Anyone can start a SIPP! Are you attending Rebel Finance school? We’re about to talk about SIPPs in week 8 of the course ❤️👍🏼😜🍍
Anyone heard and know if these two companies are any good as I’m considering using one of them to convert my DC pension into an annuity. They are: My pension expert and Age partner ship? Thanks in advance.
Is there a reason you are buying an annuity and not managing it your self? Do you need to do it quickly or can you wait till we do a series later in the year on draw down strategy?
@@rebeldonegansmy situation is I’m currently renting and have done for five years, I’m 58 and want to buy my own property. I have a DB pension I can access a large sum for deposit and also a smaller DC pension I can do same with, both via tax free lump sums. Plan would be to pay off mortgage in either 7-10 years and I liked the fact of having a set income from the annuity to use towards monthly mortgage payments, along with income monthly from DB pension. Basically current rent plus incomes from both pensions would be how much I can manage per month pay towards mortgage payments. Unless there’s a better way? Thanks for replying. I basically need as much deposit as I can get and a secure monthly income, I’m still working and no plans to retire and pay into nhs pension who I’m currently employed with, the DB pension was from a job I left in 2012 where I worked 17 years.
@@rebeldonegansI’m planning buying property as opposed to renting for last five years. I need as much deposit to offset what I mortgage and would like a set income on top of my salary as I’m still working. I’ve got a db pension from an old job which I’ve accessed 25% tax free, paying a yearly income. I currently pay into my work pension which is public sector. I have a personal pension of 31k, plan to access tax free lump sum and receive a set income to put towards monthly mortgage payments, plan is to have mortgage payed off in seven years when I’ll be at retiral age, taking a seven year annuity till then.
I realised after nearly 10yrs that the government SJP was taking so much money for himself to look after my pension pot 🤦🏾♀️🤦🏾♀️. I thought because he was working for the government it was cosha 😭😭 and obviously I was ablivion to it. Do I feel stupid yes 💯🙈
I’m so sorry to hear this Dawn. That is not good What we always say to people is when you discover what’s been happening or learn about this stuff please don’t beat yourself up or call yourself names! The system is not set up in our favour. We’re given the responsibility but not the education or taught how to protect ourselves. You’re learning now and taking action and for that you should be immensely proud! You can do it!
You’re not stupid, I’m sure the government make these rules so hard to follow that most folk just plod along and accept things, it’s thanks to the couple making this video that at least we can have some clarity and hopefully educate ourselves on what to do for the best.
PLSA survey a bit flawed. Asked people what they "think" they need. Unclear if all responses were cold sober calculations or (say) guesstimates influenced by media and fearmongering. My personal requirements nowhere near what PLSA state this year. Will be interesting to see a comparison survey (Which? usually do a good one). Others may differ with my opinion and YMMV...😊
Hey John, good shout about the survey and how it was conducted. We used it as we wanted people to think and take control of their pensions! Hopefully we can tackle the other side and the spending in the rebel finance school videos!! You rock and great comment
I'm getting everything out which I've been sent or finding everything I've been sent🤦🏾♀️then I will phone Royal London and Nest to find out the three things you said to do👍🏽. I've put this off for so long because I'm hiding behind a mask if you understand (which means I'm just pretending I know what im doing when really I dont have a clue). Now I'm getting scared because I know deep down I'll have nothing for my future and there's not much time left. After listening to you last night I feel hopeful 🙌🏽🙌🏽
You guys are amazing. You are truly making a difference to peoples lives. Thanks so much :)
Thanks viv! We are working on it. We appreciate your feedback
This was fantastic, I have three old pensions and my current active employer matched pension.
I’ve been thinking about seeing an FA about them for a while but feel I now have some knowledge to carefully ask the correct questions and do this myself.
Thank you ☺️
What a lovely comment. Thank you! I’m so glad it’s increased your confidence ❤️
Thanks very much for the workshop. it was more understandable than any of the previous employer led attempts before. On holiday at the moment but will look into optimising these when I get home.. 👍😀
“Risk vs Volatility “ that is such an important concept. I certainly wasn’t informed by the financial advisors used in the past and certainly “coerced “ into making a poor decision.
Another GEM explained , brilliant guys……
Aw thank you for the lovely comment. Yeah I hate how the financial industry has confused the two and scared people from investing in stocks and shares for the long term 😠
Great job on your video 😊😊😊
Thanks Paul. We worked hard on making that one a good start to pensions!
Royal London charge a 0.72% fee for their default auto enrolment fund - Balanced Lifestyle Strategy. Most people in our company have no idea they're paying this level of fee, it's never crossed their mind to look.
It’s shocking isn’t it. We want to help people look at what the default is and decide if it’s right for them
Really good to watch and easy to follow thank you so much👍
Hugo thank you for tunning in and the comments. We worked hard to really break all the elements down and make simple next steps! it was tough with such a complex subject!
Pension Pot for Life Reforms will be a game changer !!!!!
Absolutely will! Will simplify things massively for people. Thank you for the comment ❤️
I work for Abri (3yrs) as does my sister (9yrs) and mum (15yrs)! I'm trying to encourage them to come on your course and constantly send them your videos but they won't listen 😂 they want me to just do it for them 😅
Hey Hopey, thanks for sharing the message and we really appreciate it!! Isn’t
It frustrating when you want to help someone you love but they don’t want to do it….. thanks for telling them and spreading the word! You rock
So informative. Thank you very much.
Glad it was helpful! YAY. Thank you so much
Such a great video!!
I’m still a bit confused as I’m trying to get through all my fund fact sheets and details….
On one of my pensions I have an initial charge: 1.8%
And an annual charge of 0.3%
I don’t feel I understand what an ‘initial charge’ means.
Does this mean that my combined fees are 2.1% if I were to keep paying into this pension?
Hey Amelia. Thank you for the nice comment!
The initial charge means what they take from what you put in. Eg you put in £100, they take £1.80. You would have to check if there’s an initial charge on any lump sum up front or if it’s every contribution you make or both
The annual charge could be a platform fee or the fund fee. Please check! This means that every year they charge you 0.3% of EVERYTHING you have invested
Im so happy you enjoyed the video and let us know what further questions you have! ❤️
Katie
@@rebeldonegans thank you so much for clarifying. As I’m filling in my table, does that mean the total fees would be 2.1%? or is the 1.8% not included as it’s a one time cost 🤔
@@ameliahart451 hey Amelia. Based on those fees, sounds like you’re with NEST is that correct?
Personally I would have two columns for the fees, one for the initial fee and one for the annual charge since they’re structured differently so you can’t really add them together!
Let us know how you get on ❤️
I’ve just transferred my pru pension to a vanguard sipp, hoping I’ve did the right thing? went for their managed fund
What do you mean by you went for their managed fund? Which fund did you choose? Have you watched the entire Rebel Finance School course?
@@rebeldonegans yeah I watched this video, they gave an option of them managing the sipp or I choose which funds to invest in, and as I’m not experienced at all I chose the first option, I read good reviews on their pension and decided to go for it, as opposed to an annuity where I’d been quoted fixed amount over seven years (long story why I’m doing that), the fees for the annuity ranged between 3-5% from two companies I had quotes for
My first reply seems to have been deleted as I can’t see it now.
@@bertbile we can’t see your reply either. Can you send it again?
@@rebeldonegansit’s invested in their vanguard target retirement 2025 fund growing at 2.48% the illustration document says. I watched this video if that’s what you mean?
Yes after listening to you I am an investor. I was auto opted in to NEST. I totally do not understand it,but money is going into it.
I also have a pension with Royal London totally do not understand all the investments that they do for me just see my money going down. Also my financial advisor has been taking £1,000 each year since 2014 and only just found out because Royal London sent me a statement .
Dawn the best thing you can do is come on Rebel Finance School this summer. It is a free course. It will help you to really understand the different investing elements and to know what to do with your royal London and nest pension. You can absolutely take control and get going.
How can you scan the qr code when using the phone?
The links are all in the description as well. Or watch it on a big screen and scan! You have options. Thanks for watching
Yes
So true responsibility with NO education!!
That’s the biggest challenge and they have made this shit so complex for anyone to understand!! We will break it down and help though!
Omg just found some paperwork on my pension from Royal London 2015 and my NI number is wrong 🙈🙈 been trying to get through to them .
Great work taking action and sorting it out! We are here to support ❤️
Well got through to Royal London and they were brilliant. My NI number has been changed no problem.
Asked about there management charges it's 0.9% and nothing else is taken out they said.
I'm invested in 10 investments and they are going to send me out all the details yeahhh🎉
While I'm here I got speaking to a friend and told him about you two so he's going to look you up.
The icing on the cake is I ran through a few things with him and told him to find his other pension when he opted out all those years ago.
He took action and found he had £80,000 in a dormant pension 🤑🤑🤑🤑🤑🤑🍾🥂💥he couldn't believe it. So now he's taking the next step and joining the group 🙌🏽🙌🏽🙌🏽
What if your selfemployed
Hey! Thank you for the question. If you’re self employed you can start a SIPP (self invested personal pension). Anyone can start a SIPP!
Are you attending Rebel Finance school? We’re about to talk about SIPPs in week 8 of the course ❤️👍🏼😜🍍
Anyone heard and know if these two companies are any good as I’m considering using one of them to convert my DC pension into an annuity. They are: My pension expert and Age partner ship? Thanks in advance.
Is there a reason you are buying an annuity and not managing it your self? Do you need to do it quickly or can you wait till we do a series later in the year on draw down strategy?
@@rebeldonegansmy situation is I’m currently renting and have done for five years, I’m 58 and want to buy my own property. I have a DB pension I can access a large sum for deposit and also a smaller DC pension I can do same with, both via tax free lump sums. Plan would be to pay off mortgage in either 7-10 years and I liked the fact of having a set income from the annuity to use towards monthly mortgage payments, along with income monthly from DB pension. Basically current rent plus incomes from both pensions would be how much I can manage per month pay towards mortgage payments. Unless there’s a better way? Thanks for replying. I basically need as much deposit as I can get and a secure monthly income, I’m still working and no plans to retire and pay into nhs pension who I’m currently employed with, the DB pension was from a job I left in 2012 where I worked 17 years.
@@rebeldonegansI’m planning buying property as opposed to renting for last five years. I need as much deposit to offset what I mortgage and would like a set income on top of my salary as I’m still working.
I’ve got a db pension from an old job which I’ve accessed 25% tax free, paying a yearly income. I currently pay into my work pension which is public sector. I have a personal pension of 31k, plan to access tax free lump sum and receive a set income to put towards monthly mortgage payments, plan is to have mortgage payed off in seven years when I’ll be at retiral age, taking a seven year annuity till then.
I realised after nearly 10yrs that the government SJP was taking so much money for himself to look after my pension pot 🤦🏾♀️🤦🏾♀️. I thought because he was working for the government it was cosha 😭😭 and obviously I was ablivion to it. Do I feel stupid yes 💯🙈
I’m so sorry to hear this Dawn. That is not good
What we always say to people is when you discover what’s been happening or learn about this stuff please don’t beat yourself up or call yourself names!
The system is not set up in our favour. We’re given the responsibility but not the education or taught how to protect ourselves.
You’re learning now and taking action and for that you should be immensely proud!
You can do it!
You’re not stupid, I’m sure the government make these rules so hard to follow that most folk just plod along and accept things, it’s thanks to the couple making this video that at least we can have some clarity and hopefully educate ourselves on what to do for the best.
PLSA survey a bit flawed. Asked people what they "think" they need. Unclear if all responses were cold sober calculations or (say) guesstimates influenced by media and fearmongering. My personal requirements nowhere near what PLSA state this year. Will be interesting to see a comparison survey (Which? usually do a good one). Others may differ with my opinion and YMMV...😊
Hey John, good shout about the survey and how it was conducted. We used it as we wanted people to think and take control of their pensions!
Hopefully we can tackle the other side and the spending in the rebel finance school videos!! You rock and great comment
My future I really NEED HELP 💯🤦🏾♀️🤦🏾♀️
Let’s work through this and see if we can
Come up with a plan. We know it is daunting to start but we know we can get to grips with it
I'm getting everything out which I've been sent or finding everything I've been sent🤦🏾♀️then I will phone Royal London and Nest to find out the three things you said to do👍🏽. I've put this off for so long because I'm hiding behind a mask if you understand (which means I'm just pretending I know what im doing when really I dont have a clue). Now I'm getting scared because I know deep down I'll have nothing for my future and there's not much time left. After listening to you last night I feel hopeful 🙌🏽🙌🏽
@@dawnarichards3869it’s scary isn’t it, I’m struggling a bit with what to do and just wanted to wish you luck.
🎉❤
Thank you