evestor Pension Review

as of 26/03/2021 at 1:27 pm

Our View

evestor is for DIY investors who don’t need advice – customers have a relatively easy digital journey which will allocate them into one of three ‘ready made’ investment portfolios for pensions. Costs are relatively low and you can get going from just £1. It is not the most obvious choice for pensions once in retirement but a low-cost option for those saving up.

Our Pension Rating

Recommended For

Beginner Investor

In a nutshell

Low cost

Good on mobile

Simple investment choice

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Your overall rating

Based on 9 reviews

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What to Expect

Investment Choice

Products

Stocks and Shares ISA

Investment Account

Pension

Investments available

Investment help

Robo advice / ready-made portfolios

Drawdown

evestor do not currently offer drawdown services, so those looking to access their pension in the near future would need to transfer it to a different provider.

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The 'Geeky' Details

Provider details

evestor is a simple robo-adviser that offers a selection of three risk portfolios; low, medium and high. You’re not able to pick and choose your own funds and company shares – it’s all managed for you.

Charges are very cheap at 0.49% per year, including management and investments. And you can invest from as little as £1.

The website and app are also a bit more novice-friendly than most, so more suitable for the less experienced (and those that want someone else to do the leg work for them). If you’re interested in low cost advice, it might be worth having a look at their sister firm OpenMoney.

 

 

 

 

Important Facts & Figures

Provider Size:

New robo-adviser

Minimum amounts: £1 minimum investment

Your Questions

"Hello! I'm looking to start investing and after lots of research I'm torn between Evestor and Vanguard Lifestrategy as they both have low fees and passive investing. I understand Vanguard is more established with a traditional platform, while Evestor is newer to the market with a simple easy to use platform. The entry requirements are much higher for Vanguard (£500 upfront and £100/month) while Evestor starts at £1. Is there any benefit of stretching my investment to use the Vanguard fund? Also do you know with Vanguard if I miss a monthly payment, will I be charged? I know this is possible with Evestor to stop a direct debit, however I'm not sure what the consequences (if any) would be of missing a payment with Vanguard. Many thanks, Charlie"

Charlie, UK

30/07/2019

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