Wealthify is not a SIPP pension as you cannot invest in individual shares, instead you pick one of their portfolios based on how much risk you want to take, so it’s more of a private managed personal pension. We rate Wealthify as a safe pension (despite performance risk) as they are regulated by he FCA and owned by Aviva.
Wealthify Pension Review
Name: Wealthify Pension
Description: Wealthify's pension lets you invest in either an original portfolio of investments from the UK and overseas or choose an ethical investment plan made from a blend of environmentally and socially responsible investments.
Capital at risk. Your tax treatment will depend on your individual circumstances and it may be subject to change in the future.
Summary
- Investments: Managed funds
- Minimum investment: £50
- Pension charges: 0.6%*
Fees: Wealthify charges a flat annual fee of 0.6% for their pension. *There are also investment costs of on average 0.16% for original plans and 0.7% for ethical plans. Capital at risk.
Please note: Wealthify is unable to accept any pensions that customers are taking an income from or transfer any pensions with defined benefits or guarantees.
Pros
- Managed pension
- Low minimum deposit of £50
- Low account annual fee of 0.6%*
Cons
- Cannot invest individual shares
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Pricing
(4.5)
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Market Access
(4)
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Online Platform
(4.5)
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Customer Service
(4)
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Research & Analysis
(4)
Overall
4.2- Expert opinion: Wealthify reviewed & rated
Richard is the founder of the Good Money Guide (formerly Good Broker Guide), one of the original investment comparison sites established in 2015. With a career spanning two decades as a broker, he brings extensive expertise and knowledge to the financial landscape.
Having worked as a broker at Investors Intelligence and a multi-asset derivatives broker at MF Global (Man Financial), Richard has acquired substantial experience in the industry. His career began as a private client stockbroker at Walker Crips and Phillip Securities (now King and Shaxson), following internships on the NYMEX oil trading floor in New York and London IPE in 2001 and 2000.
Richard’s contributions and expertise have been recognized by respected publications such as BusinessInsider, Yahoo Finance, BusinessNews.org.uk, Master Investor, Wealth Briefing, iNews, and The FT, among many others.
Under Richard’s leadership, the Good Money Guide has evolved into a valuable destination for comprehensive information and expert guidance, specialising in trading, investment, and currency exchange. His commitment to delivering high-quality insights has solidified the Good Money Guide’s standing as a well-respected resource for both customers and industry colleagues.
