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Five workplace pension providers - compared
Five workplace pension providers - compared
Sahil Sethi avatar
Written by Sahil Sethi
Updated over a week ago

Thinking of consolidating your pensions into an existing workplace pension account? Not sure which one to choose? We’ve got the lowdown on six of the most popular workplace pension providers:

Provider

Fees

Investment Options

Fund information

NEST

Contribution charge: 1.8% of each contribution (only while contributing to the pension)

Annual management charge: 0.3%

Aside from default strategy (Retirement Date Fund), 7 funds to choose from including Higher Risk, Shariah, Ethical and Pre-Retirement.

The People’s Pension

Annual platform charge: £2.50

Annual management charge: 0.5%

Rebate of some fees when savings reach £3k

Aside from default strategy, 8 funds to choose from including Ethical, Shariah, Pre-Retirement and Global Investments at different risk levels.

NOW Pensions

Annual platform charge: £18.00

Investment management: 0.3%

One default strategy and no alternative choices.

Smart Pension

Annual platform charge: £15.00

Annual management charge: 0.3%

Aside from default strategy (which is ESG), 17 funds to choose from based on risk level, location, or asset type.

Aviva

Annual management charge: 0.2-0.75%

Aside from default strategy, over 200 funds to choose from.

If your provider isn’t listed here, you can check your provider’s website for more details, or ask your employer whether they could share the scheme booklet with you.

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