True Potential: Pension and retirement options

Does the innovative financial services group provide the right pension for you?

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True Potential
True Potential is a UK based financial services group which provides financial advising services, wealth management and an investment platform. It offers a personal pension, as well as a stocks and shares ISA, junior ISA and general investment account. Find out more about the True Potential personal pension and what it offers.

All investing should be regarded as longer term. The value of your investments can go up and down, and you may get back less than you invest. Past performance is no guarantee of future results. If you’re not sure which investments are right for you, please seek out a financial adviser. Capital at risk.

What does True Potential do?

True Potential is an innovative UK-based financial services group. The company provides a vast range of financial services, but these can be broadly categorised into financial advice, wealth management and investment.

For pensions, True Potential grants you access to its investment platform with a self-investment pension plan. The platform asks you about your investment goals and uses this information to track your success.

True Potential Investments pension

True Potential Investments, a subsidiary of True Potential, provides the True Potential pension scheme. The pension is available to all of True Potential’s clients, from any of its other financial services as well as from any of the 700 authorised firms it works with.

Some of the benefits of the TPI Pension include:

  • Free unlimited drawdowns
  • No penalty for withdrawals
  • No initial charge for the tax wrapper
  • No annual charge for the tax wrapper
  • No transaction fees
  • No transfer fees payable to True Potential
  • Minimum investment of just £50
  • Top up with impulseSave
  • Set a goal for your pension
  • Follow progress via the iOS/android app
  • Contact your financial adviser directly via secure message

On top of this, you have access to True Potential’s Wealth Strategy Fund Range and True Potential Portfolio to help grow your investments.

Tax wrappers

True Potential have two tax wrappers on their pension, to suit your needs and budget.

Strategy fundsAll eligible securities
Annual Fee:£0£90 (plus VAT)
Eligible investments:
  • True Potential Investments’ Wealth Strategy Funds, Managed Portfolio Series and Strategy Funds
  • Risk-rated, fully-diversified solutions from True Potential Investments, Goldman Sachs, Allianz, Schroders, Columbia Threadneedle, SEI, Close Brothers and 7IM
  • Preferential fund charges, ranging from 0.43% – 1.26%
  • Access to the thousands of funds and investments available on the True Potential Wealth Platform.

Trading in Individual Shares, Exchange Traded Funds and Investment Trusts will incur additional fees.

How safe is my investment?

Trusted by hundreds of thousands of investors, True Potential is a secure company that has been managing investments since 2007.

It is also authorised and regulated by the Financial Conduct Authority (FCA) and is bound by their rules and regulations in the conduct of the investment business.

However, as with all investments your capital is at risk, and you should seek financial advice before taking out a personal pension.

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Interactive Investor Pension
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Annual fee: £239.88, fund fees: £50-500
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Moneyfarm Pension
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AJ Bell Pension
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PensionBee Pension
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PensionBee Pension
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9 funds
Annual fee: £250-475, includes fund fees
Pension Bee is a newbie in the pension market. It helps consolidate your pension plans into one place. Capital at risk.
Hargreaves Lansdown Pension
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2,500 funds
Annual fee: £225 (£200 cap if holding shares), fund fees included
Hargreaves Lansdown is the UK's biggest wealth manager. It's got three different retirement options. Capital at risk.
Saxo Markets Pension
Saxo Markets Pension
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Penfold
Penfold
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Annual fee: £375-455, fund fees included
Moneybox Pension
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Moneybox Pension
£1
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Annual fee: £225, fund fee: £60
Manage your money with an easy-to-use Moneybox app. Capital at risk.
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eToro Free Stocks
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Hargreaves Lansdown Fund and Share Account
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Freetrade
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Freetrade
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Degiro Share Dealing
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US: €0.50 + $0.004 per share
N/A
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interactive investor Trading Account
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N/A
£9.99 per month
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Name Product Minimum deposit Maximum annual fee Price per trade Brand description
Fineco stocks and shares ISA
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0.25%
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EU: €3.95
Scottish Friendly stocks and shares ISA
Scottish Friendly stocks and shares ISA
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1.5%
N/A
InvestEngine stocks and shares ISA
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Moneybox stocks and shares ISA
£1
0.45% and £1 monthly subscription fee (free for first 3 months)
£0
Moneybox offers a smart and simple way to invest. Sign up in minutes and start investing with £1 via their award-winning app. Capital at risk.
interactive investor stocks and shares ISA
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£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.
Nutmeg stocks and shares ISA
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0.75%
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Nutmeg offers three types of portfolios. Choose the one that goes with your investment style. Capital at risk.
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.
Moneyfarm stocks and shares ISA
£1500
0.75%
£0
Moneyfarm helps you meet your investment goals with fully-managed portfolios designed around you. Capital at risk.
Fidelity Stocks and Shares ISA
£1000 or a regular savings plan from £50
0.35%
£10.00
Fidelity is another good all-rounder, offering a good package at a decent price. Not suited for trading shares. 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.
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.
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.
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All investing should be regarded as longer term. The value of your investments can go up and down, and you may get back less than you invest. Past performance is no guarantee of future results. If you’re not sure which investments are right for you, please seek out a financial adviser. Capital at risk.

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