No single company is good at all types of pension plans for all people.
Before choosing a pension provider, at a bare minimum, the following things need to be considered: -
- Charges - how much of your contribution is actually being invested? (Tips - avoid "front-loaded" plans that devour lots of your early contributions. Avoid also charging structures that are so complex that you don't understand them. It's your money so you should know where it's going.)
- Fund range - is there a suitably wide range of funds to meet your needs? There are literally hundreds of funds to choose from so you need to be aware of what you're looking for in order to narrow it down. At one end of the scale there are funds that offer guaranteed minimum growth; at the other end are more high-risk funds that offer the potential for high growth but with the potential for high loss too. In between are many shades.
- Flexibility - can you increase, decrease or stop contributions without penalty?
- Control - how much control do you want in the management of your funds?
- Security - how secure is the provider?