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.
- 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.
- Managed pension
- Low minimum deposit of £50
- Low account annual fee of 0.6%*
- Cannot invest individual shares
Research & Analysis
- Expert opinion: Wealthify reviewed & rated