Which are The Best Pension Schemes in The UK

If you live in the UK, you need to get the right pension scheme to ensure you live a good life when you are finally retired. When you are out to look for the best pension scheme provider in the market, you can come across several.

Most of the pension schemes you find in the market offer different products like workplace pensions, state pensions, and personal pension schemes. You have to be keen on which type of pension scheme you buy and which one you feel suits your need.

The pension schemes you choose will ultimately lead to the total accumulation of funds for your lifetime allowance.

The best you can do is reach out to a pension lifetime allowance advisor to hold your hand.

Here are some types of pension scheme providers in the UK that are worth your attention:

1- Fidelity

Fidelity is one of the best personal pension providers in the UK. This scheme is the best for you if you are looking for many investment platforms. This pension provider scores best in customer's experience ratings and pension plans.

If you are looking for a pension provider that is well established and offers you reasonable prices, you can opt for fidelity.

2- Hargreaves Lansdown

Hargreaves Lansdown is one of the UK's biggest FTSE 100 companies and investment platforms. The pension scheme provider will allow you to build a SIPP portfolio from over 2,500 different funds, investment trusts, overseas shares, and other markets.

Depending on how determined and savvy you are, you can build an investment portfolio with this company fast. It is free to set up an account with this provider and low-cost to manage.

3- Evestor

Evestor portfolio is one of the best pension scheme providers you can count on if you want to save for your retirement. If you are looking for one of the cheapest pension options in the market, Evestor offers you a solution you can count on.

The platform charges you a fee of 0.35% per annum, making it stand out from most of its competitors. You choose three risk levels when paying your pensions with this provider; low, medium, and high.

They don't charge you a coin for transferring your savings to another provider in the UK.

4- Embark Pensions

Embark Pensions is a product of Embark Group. The pension provider has over 402,000 clients with over £34.6 billion asset portfolio. It means you can count on this company to provide your benefits when the right time comes. The company operates pensions to over 59,000 savers in the UK. If you are looking for one of the best savers in the country, you can count on them.

5- Royal London

On the list of best pension schemes in the UK, Royal London should not miss. This is one of the country's top mutual life and pension investment companies.

It offers workplace pensions to most of the savers in the country. The company has approximately £100 billion funds under its management.

6- AJ Bell Youinvest

The AJ Bell Youinvest SIPP is suitable for both the self-employed and those looking to open a personal pension to complement their workplace pension.

Investors can choose from a variety of investment options, including UK and international shares and funds, investment trusts, investment funds and ETFs

The Youinvest SIPP offered by AJ Bell is ideal for the self-employed as well as those who want to create a personal retirement plan to supplement their pension at work.

Final Thoughts

There are many pension scheme providers in the UK to choose from. If you want the best, you can always consider the provider's management fees, investment options, and contributions. Take your time when picking the best pension provider to save your money.