It’s not only our investment platform that continues to score highly with Which?, our self-invested personal pension (SIPP) is also rated by the consumer champion.

So much so that for a fourth year-running, Vanguard has been named a Which? Recommended Provider for SIPPs. We achieved the highest customer score in the Which? annual survey.

If you don’t know already, a SIPP is a type of personal pension you manage yourself – you choose what to invest in. You can use it alongside your workplace pension or to bring together other pensions, including those left over from previous jobs.  

And if you choose your SIPP wisely it can save you thousands of pounds, providing you with even more money to spend once you retire.    

The Vanguard Personal Pension – or SIPP – has an annual account fee of just 0.15%, which is capped at a maximum £375 per year. This is our platform fee and it also covers any individual savings accounts (ISAs) and general investment accounts you have with us.

All you need to add are the individual costs associated with each investment, including any fund management costs. At Vanguard, our ongoing fund fees average just 0.2% a year1.

To appreciate what that might mean in pound terms, consider the difference it would make if you paid just half a percentage point more per year. Based on a pension pot of, say, £100,000, that’s equivalent to giving £500 away per year – money that if instead was left invested, earning a hypothetical 5% annual return, would total more than £10,000 in less than 15 years.

Imagine the additional holidays or extra spending power you could have in retirement with that money!

Our latest Which? endorsement is not just recognition that Vanguard provides its SIPP investors with value for money – although that clearly is important.

It also reflects customer satisfaction with the service and range of investments we offer, including low-cost index funds that track entire markets. This includes our Target Retirement Funds – straightforward and ready-made portfolios that mature with you.

‘As a retired investment professional, I know that index funds and low charges are the key to long-term success,’ one SIPP investor told Which?  ‘Vanguard’s philosophy is perfectly in line with mine.’

We’re also ‘very easy to use’ and ‘good for beginners to gain confidence’, said another.

Having a SIPP puts you in charge of your retirement finances. Transferring your other pensions into one may help save you money too.

A SIPP also puts you in charge of how you spend your retirement money. Once you’re eligible to do so – from the age of 55 (or 57 from 2028) – we’ll give you a helping hand to guide you, so you’re fully aware and comfortable with your choices. 

Which SIPP should you choose? Best ask Which?

Find out more about how to transfer your pension to Vanguard.


1 Find out more about our fees

Investment risk information

The value of investments, and the income from them, may fall or rise and investors may get back less than they invested.

Eligibility to invest in a Vanguard Personal Pension depends on your individual circumstances. Please be aware that pension and tax rules may change in the future and the value of investments can go down as well as up, so you might get back less than you invested. You cannot usually access your pension savings or make any withdrawals until the age of 55.

Your pension transfer will be sent to us as cash. During this period you will be out of the market (not invested) so you could miss out on any increase in the value of your pension fund should the market rise.

If you have any questions related to your investment decision or the suitability or appropriateness for you of the product[s] described in this document, please contact your financial adviser.

The Vanguard Target Retirement Funds may invest in Exchange Traded Fund (ETF) shares. ETF shares can be bought or sold only through a broker. Investing in ETFs entails stockbroker commission and a bid- offer spread which should be considered fully before investing.

Investments in smaller companies may be more volatile than investments in well-established blue-chip companies.

Some funds invest in emerging markets which can be more volatile than more established markets. As a result, the value of your investment may rise or fall.

Funds investing in fixed interest securities carry the risk of default on repayment and erosion of the capital value of your investment and the level of income may fluctuate. Movements in interest rates are likely to affect the capital value of fixed interest securities.

Corporate bonds may provide higher yields but as such may carry greater credit risk increasing the risk of default on repayment and erosion of the capital value of your investment. The level of income may fluctuate and movements in interest rates are likely to affect the capital value of bonds.

The Funds may use derivatives in order to reduce risk or cost and/or generate extra income or growth. The use of derivatives could increase or reduce exposure to underlying assets and result in greater fluctuations of the Fund's net asset value. A derivative is a financial contract whose value is based on the value of a financial asset (such as a share, bond, or currency) or a market index.

Some funds invest in securities which are denominated in different currencies. Movements in currency exchange rates can affect the return of investments.

For further information on risks please see the “Risk Factors” section of the prospectus on our website at

Important information

This article is designed for use by, and is directed only at, persons resident in the UK.

For further information on the fund's investment policy, please refer to the Key Investor Information Document (“KIID”). The KIID and the Prospectus for this fund is available from Vanguard via our website

The information contained in this article is not to be regarded as an offer to buy or sell or the solicitation of any offer to buy or sell securities in any jurisdiction where such an offer or solicitation is against the law, or to anyone to whom it is unlawful to make such an offer or solicitation, or if the person making the offer or solicitation is not qualified to do so.  The information in this article does not constitute legal, tax, or investment advice. You must not, therefore, rely on the content of this document when making any investment decisions.

The Authorised Corporate Director for Vanguard LifeStrategy Funds ICVC is Vanguard Investments UK, Limited. Vanguard Asset Management, Limited is a distributor of Vanguard LifeStrategy Funds ICVC.

Issued by Vanguard Asset Management Limited, which is authorised and regulated in the UK by the Financial Conduct Authority.

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