EQi Pension Review

as of 25/02/2021 at 12:12 pm

Our View

The website has been improving and the service is interesting for relatively confident investors who want a mix of funds and shares. The pension is outsourced to a third-party so internal knowledge could be less for some more complex queries. Pricing is broadly decent for larger portfolios but very hard to get your head around.

Our Pension Rating

Recommended For

In a nutshell

Better suited to share traders

Costs are fair

Needs a digital revamp

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Your overall rating

Based on 23 reviews

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What to Expect

Investment Choice

Products

Stocks and Shares ISA

Lifetime ISA

Investment Account

Pension

Investments available

Funds from other groups

Stocks and shares

Investment help

Pick your own funds

Pick your own shares

Drawdown

We do not currently have sufficient feedback from investors on the drawdown experience to review the service for those in retirement. Please help us by leaving your review.

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The 'Geeky' Details

Provider details

EQi continues to move towards more user-friendly content for the less experienced investor with appealing imagery and tools to make complicated information digestible. You pick your own investments from the mountain of funds and shares available. Currently, if you're not sure about what you're doing or what you need, it's a complex, text-heavy site to navigate. 

Overall, EQi is relatively pricey for small portfolios but becomes more competitive as the pot size grows. However, the charging structure is quite complicated to get your head around and needs a bit of brain power.  

With a £17.49 quarterly custody charge (that can be offset), fund fees of 0.3%, falling to 0.25% after £50,000 and a £10.99 dealing commission on shares, it’s not simple! It is worth noting that making two share trades within a quarter or holding around £20k in funds would result in the quarterly custody fee being offset completely. Use our fee calculator if you need help.

EQi outsource the admin and trustee services of your SIPP to a third-party company called Gaudi. Gaudi charges a flat annual management fee of £118.80. For investors who want to access their pension, there is also an annual £180 drawdown charge. It is also worth noting that there is a £90 charge for transferring out a pension.

Important Facts & Figures

Provider Size:

Mid-sized investment platform

Minimum amounts:
£10 both lump sum and monthly

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