Interesting, I wonder how many people do think ‘oh I must remember to add an extra £100 to cover fees’ especially in Nest or Employer / Salary sacrifice schemes? and how many either don’t realise that fees are being deducted, or think it’s ok as I got a reduction due to the tax credit?
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Although not a pension, I do for my Charles Stanley JISA accounts, they take the fees from the cash inside the JISA each month so I make sure that’s covered while I invest the rest.
Freetrade, my pension, I would if I could as it’s a fixed annual fee but they don’t take that from inside the wrapper. Not helped by the fee covering both the SIPP and ISA admittedly so I don’t know how they would split it.
The Monzo pension is a pension for beginners though so I doubt anybody is thinking about it.
Would you suggest that both the platform and fund fee be taken from outside the wrapper?
I don’t specifically add money for the fees but there’s always spare cash sitting in the SIPP to pay them.
I do take the point that if you were deducting £100/year from your
investment then clearly that would be a tidy sum by the end. However, seeing as the money going into the SIPP and the money paying the fees is all coming ultimately from the same pot of money (i.e. your salary) then it seems better to me to put that £100 into the SIPP, making it £125 and pay the £100 from that.
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The fund fee has to be take directly out of the fund, as different investors may be holding the same fund in different styles of account (ISA, SIPP, General etc.), also the fee goes to the fund manager.
I am talking about Platform fees which go to whoever is running the platform and I think should not be collected from Investments, as Arnie7 points out if there is enough cash your provider will take it from there, but what boils my biscuit is in this case HL selling my funds (and also choosing which one to sell which is not transparent) to pay fees.
I agree with your comment about Monzo trying to be for beginners etc. but in some ways that is worse as topics such as fees probably means very little.
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Has this gone live for anyone else? It has for me but I’ve decided against it for a few reasons. Just interested in thoughts for those it’s live for.
I was notified yesterday in the app and by email. It all looks very slick but it’s not for me, on reflection.
It went live for me yesterday, I decided to go for it as the fees were cheaper than my existing provider and it was only a small pension anyway.
Keen to sign upto this but don’t seem to be having much luck - anyidea how I can contact someone to help?
You don’t need to do anything. Just wait.
I’m not patient either but i still have to wait.
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Thanks I was not sure if it was a waiting game or if it was hidden somewhere in the app!
There is often early access to Monzo features if you’re around at the correct time on these forums and fill in the correct form.
I don’t think pensions is one of them. We’re all waiting.
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It doesn’t help that this thread is titled ‘launching today’ from back in July, it could be a little confusing for people just finding it now.
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So far my Monzo pension journey isn’t going well. My transfer was rejected due to a name mismatch.
Monzo said it’s my pension provider, and my pension provider said it’s Monzo….
I’ve contacted my current pension provider and they’ve come back and said Monzo have submitted the transfer without using my full name. No idea why they’ve done that 
Not a great experience @jparcher, but on the plus side your existing provider are being careful - considering the financial significance of a pension transfer that has to be a good thing.
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Hi Jack! Do you mean that you’ve registered for updates and you’re just waiting to get access, or can you not see Pensions in the app at all?
Dani, do we know when this might come live for others?
We’re working on letting customers in to the product as quickly as we can, but I can’t give any exact timelines at this stage. As I’m sure you know, the pensions industry is somewhat archaic and hasn’t adopted technology as much as we might wish they had - some pension providers still only do everything via post! This means that there’s a lot that needs to happen behind the scenes, so a slow rollout is necessary to make sure that we’re giving every customer the best product experience possible.
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I can’t see pensions in the app at all
You’re not supposed to 
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