A simple enough risk
Questionnaire will allocate you into the right mix of investments. Good for those who want help and are happy with few investment choices.
Boring Money Review of Moneyfarm Pension
Holly Mackay's View
Moneyfarm is a decent choice for those who want someone to do it all for them. A simple questionnaire will identify what sort of an investor you are and then does all the fiddly stuff for you. They also check in every year to make sure that this profile is still the one for you. For those struggling to map timeframes and goals to the investments you pick in a pension, Moneyfarm does provide access to advisers on the phone or online who can help talk things through.
Holly has accounts with all the providers on our website and independently reviews all of them.
Customer Reviews of Moneyfarm Pension
We collect reviews and share feedback from real users to give you the best information about providers.
30 June 2023
Cloud computing and managed services performed well, and improvements were recommended to strengthen security issues
29 June 2023
Easy to use app. Fair service charges.
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Is Moneyfarm Pension right for you?
Ease of use
Moneyfarm has a really nice and easy to digest explanation of what they will do for a customer and what the process will be. Navigation of the site is relatively easy and you can now see the full asset allocation of each portfolio depending on your investment account – great transparency from the off! Much of the information surrounding product, risk and cost is really well explained.
Mobile & Apps
Users can sign up, create new investment portfolios and add money to existing investments, features not common across all mobile apps. App has full functionality with no need to revert to the web app.
Generally, the app is really nice and easy to use, however it is misleading that performance gains are given since the inception of the portfolio and not when you purchased it!
Articles link to the website seamlessly and you can speak to "investment consultants" directly through the app which is a welcoming feature.
Facts, Fees & Behind the Scenes at Moneyfarm
The scheme that allows you to refer a refer a friend to Moneyfarm and both parties get £5,000 worth of your investments managed free of charge for one year is a nice touch for the novice investor who may want to test the waters.
The advice centre could have more substance – once you’ve been given your recommended risk rating and are invested there’s not a lot more it can offer.
What investments are available on Moneyfarm?
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