Hargreaves Lansdown: Pensions & retirement options

The leading financial services company can help you build your pension pot in preparation for retirement.

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Hargreaves Lansdown
Promoted
Hargreaves Lansdown SIPP

Take control over your financial future with Hargreaves Lansdown

  • Pay in up to £40,000 a year and get tax relief
  • Start your SIPP from £25 a month
  • Transfer your pension from other providers easily

Hargreaves Lansdown (HL) is a leading “investment supermarket” for private investors. Trusted with £82 billion worth of investments by more than 980,000 clients, HL is well known in the UK.

With HL, you can start a self-invested personal pension (SIPP) to begin growing your pension pot. Or, if you’re approaching retirement age, HL offers three retirement income options: annuity, drawdown, or a mix-and-match approach.

Read on to find out more about HL, and whether it might provide the right pension arrangements for you.

What does Hargreaves Lansdown do?

By giving you the tools and information, HL aims to help you make your own educated decisions. From the website to the app, to the specialised helpdesk, HL’s goal is to make it easy for you to manage your investments and pensions.

For those looking to save for retirement, HL offers:

  • Vantage SIPP (self-invested personal pension)

For those who are about to retire, HL offers:

  • Annuity (a guaranteed income for life, in return for a pot of pension savings)
  • Drawdown (where you “draw down” funds from your invested pension pot to give you an income)
  • UFPLS (“uncrystallised funds pension lump sums” – where you take money from parts of your pension not previously accessed)

Hargreaves Lansdown’s Vantage SIPP

SIPPs are one of the most tax-efficient ways for you to save for retirement. With HL’s SIPP, you stay in control of your pension online 24/7. There are tools, research information, and watchlists which you can call upon to help make decisions at any time.

  • Manage online, by phone, by post, or through the HL app
  • ‘What Investment’ readers have voted HL ‘Best SIPP Provider’ for 10 consecutive years
  • Choose from a wide range of investments
  • Easily transfer old pensions to a SIPP
  • 6 days-a-week call service to answer any questions
  • Flexible access allows you to take money out from age 55 (57 from 2028)

Learn more about Hargreaves Lansdown’s retirement options

How safe is my investment?

HL is a FTSE 100 company that has been managing investments for more than 35 years. It’s regulated by the Financial Conduct Authority (FCA) and is bound by its rules on investment business.

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Table: sorted by promoted deals first
Data indicated here is updated regularly
Name Product Minimum investment Choose from Annual fee Brand description
Moneyfarm Pension
£1,500 (initial investment)
7 funds
0.35%-0.75%
Moneyfarm has pensions that are matched against your risk appetite, goals and planned retirement date. Capital at risk.
AJ Bell Pension
£1,000
Over 2,000 funds
0.05-0.25%
AJ Bell has two different pension options, a self managed pension and one that is managed for you. Capital at risk.
PensionBee Pension
No minimum
7 funds
0.5% - 0.95%
Pension Bee is a newbie in the pension market. It helps consolidate your pension plans into one place. Capital at risk.
Hargreaves Lansdown Pension
£100 or £25 a month
2,500 funds
0-0.45%
Hargreaves Lansdown is the UK's biggest wealth manager. It's got three different retirement options. Capital at risk.
Interactive Investor Pension
Any lump sum or £25 a month
Over 3,000 funds
£10/month
interactive investor is a flat-fee platform, which makes it cost effective for larger portfolios. Capital at risk.
Saxo Markets Pension
Saxo Markets Pension
£10
Over 11,000 funds
No annual fee
Saxo Markets gives flexibility and control over your investment strategy. Capital at risk.
Moneybox Pension
£1
3 funds
0.15% - 0.45% charged monthly
Manage your money with an easy-to-use Moneybox app. Capital at risk.
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Data indicated here is updated regularly
Name Product Price per trade Frequent trader rate Platform fees Brand description
Fineco
£2.95
£2.95
Zero platform fee
Your first 50 trades are free with Fineco, until 31/12/2020. T&Cs apply.
Fineco Bank is good for share traders and investors looking for a complete platform and wide offer. Capital at risk.
IG
0% commission on US shares, and £3 on UK shares
From £5
£0 - £24 per quarter
IG is good for experienced traders, and offers learning resources for beginners, all with wide access to shares, ETFs and funds. Capital at risk.
eToro Free Stocks
0% commission, no markup, no ticket fee, no management fee
N/A
Withdrawal fee & GDP to USD deposit conversion
Capital at risk. 0% commission but other fees may apply.
Hargreaves Lansdown Fund and Share Account
£11.95
£5.95
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Hargreaves Lansdown is the UK's number one platform for private investors, with the depth of features you'd expect from an established platform. Capital at risk.
Interactive Investor
From £7.99 on the Investor Service Plan
From £7.99 on the Investor Service Plan
No transfer fees or exit fees. £9.99 a month on the Investor Service Plan
Open an ISA, Trading Account or SIPP you will get £100 of free trades to buy or sell any investment (new customers only).
Interactive Investor offers everything most investors need. Its flat fees makes it pricey for small portfolios, but cheap for big ones. Capital at risk.
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Data indicated here is updated regularly
Name Product Minimum deposit Maximum annual fee Price per trade Brand description
Moneyfarm stocks and shares ISA
£1500
0.75%
£0
Hargreaves Lansdown stocks and shares ISA
£100
0.45%
£11.95
Hargreaves Lansdown is the UK's biggest wealth manager. It's got everything you'll need, from beginners to experienced investors. Capital at risk.
Interactive Investor stocks and shares ISA
Any lump sum or £25 a month
£119.88
£7.99
Interactive Investor offers everything most investors need. Its flat fees makes it pricey for small portfolios, but cheap for big ones. Capital at risk.
Saxo Markets stocks and shares ISA
No minimum deposit requirement
0.12%
£8.00
Saxo Markets offers a wide access to a range of stocks, ETFs and funds. Capital at risk.
AJ Bell stocks and shares ISA
£500
0.25%
£9.95
AJ Bell is a good all-rounder for people who to choose between shares, funds, ISAs and pensions. Capital at risk.
Fidelity stocks and shares ISA
£1000 or a regular savings plan from £50
0.35%
£10.00
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Nutmeg stocks and shares ISA
£100
0.75%
£0
Nutmeg offers three types of portfolios. Choose the one that goes with your investment style. Capital at risk.
Legal & General stocks and shares ISA
Legal & General stocks and shares ISA
£100 or £20 a month
0.61%
N/A
Legal & General is a big financial services company which offers insurance, lifetime mortgage, pensions and stocks and shares ISAs. Capital at risk.
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We show offers we can track - that's not every product on the market...yet. Unless we've said otherwise, products are in no particular order. The terms "best", "top", "cheap" (and variations of these) aren't ratings, though we always explain what's great about a product when we highlight it. This is subject to our terms of use. When you make major financial decisions, consider getting independent financial advice. Always consider your own circumstances when you compare products so you get what's right for you.

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