Would it be wise to have Vanguard handle my pension and shares?
24 July 2023
Question by Marcus
Hi, I have a pension with Reassure, its was sold by Legal and General. I'm reading terrible reviews of Reassure and wanted to know if I should move it. I also have 70k savings making 3% interest. Ideally I'd like to invest some of this into stocks, and was looking at Vanguard. This also manage pensions. Would it be wise to have them handle my pension and shares? Thanks.
Answered by Lee Wells
There are many providers which will offer better value for money than Reassure. You need to ensure that if you take advice that the cost does not outweigh the benefit.
Consolidation (pensions, ISAs etc...) is typically a good idea from a cost saving pov, personally I think there are better providers than Vanguard.
Managing Partner - Financial Planner
When Lee got his first job in the 90’s his father said ‘you should go to see my financial adviser’ (he didn’t’ know he had one). Lee dutifully went to see him and was converted by the common sense advice he was given on saving and investing for his future. He liked it so much he joined the company so he could help other people learn how to invest. Lee now runs a company passionate about providing value for money advice on a whole range of areas.