leaving vanguard to go to moneybox - bad idea?

[princeperch]

afternoon.

So I have a civil service pension which I intend to take at around 60ish.

ideally and everything being equal I want to retire at around 56/57 and bridge the gap from there to when I take my civil service pension.

I am doing this by a mix of ISAs and a private pension I have taken out 2 years ago with vanguard. The private pension has just over 50k in it and it is split between VWRL and VWRP and has just under a 40pc rate of return since opened, albeit the last 3 months haven't been great.

I have some savings with moneybox and saw that their fees on their fidelity index world fund (which I am guessing is as close as I will get to my vanguard holdings) are less than vanguard. I will also get 500 quid added to my pension if I transfer it over to them.

I am tempted to do this, but my initial skim of the fidelity index fund shows it has not done quite as well as the vanguard holdings.

can anyone who has more intelligence than me give me an idea as to why this is a bad idea or not? I chuck in nearly a grand a month to the private pension so the sums whilst not enormous are also potentially not small given I have another 15-17 years of contributions left.

any thoughts welcome.

cheers

Edited by princeperch on Thursday 5th February 12:16

[scot_aln]

Hopefully Capita will have sorted out the CS pension site/access by the it. However on the q - Vanguard cap your total fees across all investments types at £375 don't they. I hadn't heard of Moneybox but on skimming it looks like they currently cap the pensions fees at £150 but then charge 0.45% with no limit I see on ISA. So depending on numbers it may not end up cheaper.

[xeny]

Regardless, I'd split the ISA and pension with different providers, just to easily reduce the eggs in one basket issue. Also then lets you look at each wrapper's fee structure individually.

[gotoPzero]

xeny said:

eggs in one basket issue

Vanguard have a hell of a basket though!

[xeny]

gotoPzero said:

Vanguard have a hell of a basket though!

Doesn't help if you get locked out of your account or similar.

[trevalvole]

If the Fidelity fund is this one https://www.fidelity.co.uk/factsheet-data/factshee... then I think it is developed market only, whereas the Vanguard ones include emerging markets.

IIRC about the cheapest all world tracker (which includes emerging markets and is a fund, not an ETF) is https://www.assetmanagement.hsbc.co.uk/en/individu...