Is Wealthify’s pension any good?

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Overall we rate Wealthify as a good managed pension, but it 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
Weathify

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.

Is Wealthify's pension any good?

Yes, 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
  • Pricing
    (4.5)
  • Market Access
    (4)
  • Online Platform
    (4.5)
  • Customer Service
    (4)
  • Research & Analysis
    (4)
Overall
4.2
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