Monzo Pension!

Just a thought:

Why is anyone moving their pensions to Monzo when we still can’t contribute to them? Seems mental to move them to just have the pot stagnate?

Is there any timescale on being able to set these up for recurring deposits or even lump sums?

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For me I have an old workplace pension that I’m a deferred member of (as I no longer work for the employer). This means I can’t add additional funds to it myself only change investment profiles. The fees with monzos offering are a tad cheaper so it makes sense (for me) to move it over. I already have a current employer pension separately and a deferred member civil service pension.

Would like to also get the option to contribute to the Monzo pension myself in the future but for now I’m quite content to move over my old deferred pension that’s Costs more in fees.

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