New Employer Pension with HL

[worsy]

Started new PAYE employment yesterday and new employer has a scheme with HL. I already have a pension with Roy Lon that I have paid in for the last 11 years (and consolidated prev DC) and a small SIPP with Fidelity I opened 2 years ago.

Couple of questions:

I'll ask whether they will use my RL pension for the employer contribution and/or the additional contributions I wish to make but assuming they can't won't.

Is it possible to periodically consolidate a pension from HL to RL?
HL have a rep for being expensive, is that a fair criticism?

[financialbloke]

Depends what you have in your HL Pension as to whether its expensive or not. You will be able to transfer out of HL with no exit charge now.

I'm not familiar with their workplace offering but they probably offer a huge range of funds to pick from.

[bitchstewie]

HL can be expensive or dirt cheap.

You can have funds with them and be paying 0.45% on balances up to £250K or you can have shares, ETFs, and investment trusts and be paying nothing at all on any amount in some situations.

Trading frequency also comes into it.

With any platform the model doesn't tend to be one size fits all, it usually works for some people and not for others.