Moneyfarm Pension Review

as of 25/02/2021 at 12:05 pm

Our 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.

Our Pension Rating

Recommended For

Beginner Investor

In a nutshell

Really easy to use

Ready-made options

This is regulated advice

You Say

Your overall rating

Based on 53 reviews

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What to Expect

Investment Choice

Products

Stocks and Shares ISA

Investment Account

Pension

Investments available

Investment help

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

Moneyfarm is an interesting option for those who don't know where to start and want some advice along the way. Unlike some, these guys are regulated to give investment advice so do take personal circumstances into consideration. You can't pick your own shares or funds however, so you get one of their own-brand “ready made” portfolios only.

This group started life in Italy and launched in the UK in 2016 - gaining traction here ever since.

Their charges are tiered, starting at 0.75% for the smallest portfolios i.e. under £10,000, reducing to 0.35% on anything over £100,000. On top of this there is the average investment fund fees of 0.20%. These fees cover the digital investment advice if you need reassurance from one of their advisers and, further, there are no trading fees.  

It is worth bearing in mind that Moneyfarm does have a rather high minimum lump sum investment of £5,000. Alternatively, you can invest £1,500 up front with a monthly Direct Debit of £100 or more.

Moneyfarm charges no extra fees when it comes to drawdown.

Important Facts & Figures

Provider Size:

New robo-adviser, also serving customers in Italy

Minimum amounts: £5000 minimum investment
£100 a month with an initial deposit of £1,500

Your Questions

"Hi - Your site is very useful and informative. For the last 9 months I've drip fed just over £10,000 into a Moneyfarm Investment ISA (balanced/medium risk) just over 60% shares, it has been a very volatile year as you know. Moneyfarm seem to have done a good job of protecting my capital. I was down around £500 at the worst point which I have now recouped, however I haven't really made much in the way of gains, which I'm a bit disappointed about. I was wary about taking on too much risk, but now think I may have not taken on quite enough. I'm thinking about giving it 12 months to see how it goes. If I then wanted to, would I be able to transfer the whole lot to another platform (say Vanguard) where the fees are lower, and I might make a bit more profit? I know you're not allowed to give regulated advice - but I'm uncertain if I should transfer the whole lot in one go, or drip feed it into the new platform should I decide to move it. I would welcome whatever help you can give me. Regards, Robert"

Robert, UK

14/03/2019

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"I’m new to investing and in my late 30's. I'm actually stuck in a dilemma whether to invest using DIY platforms like Interactive Investor, A J Bell or Hargreaves Lansdown OR invest using robo advisors like Nutmeg, Moneyfarm or Pensionbee. I have compared the fees and they are not significantly different. Do robo advisers have a better return rate? I can dedicate some time to DIY investing but not a significant amount of time. Please advise. Thank you."

Victor , Kent

14/01/2019

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"I'm nearly 30 and looking to open a private ready made pension, and also an investment ISA for retirement funds or towards a property, but very unsure what risk level to choose (low to medium, or medium to high)? Any comments or advice welcome."

Susan, West Midlands

24/07/2018

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