Lexo is a unique player in the UK investment market. It is an online investment portal developed by Lexington Wealth Management, a multi-award-winning independent financial planning firm. Unlike large, traditional insurers, Lexo was built with a specific philosophy in mind: providing DIY investors with access to "evidence-based" investing—the same sophisticated, low-cost strategies typically reserved for high-net-worth private clients.
As of 2026, Lexo has become a go-to for savers who want to bypass the high fees of traditional wealth management while still benefiting from a scientifically-backed investment approach.
If you are wondering whether Lexo is the best option for your pension needs, get in touch below and one of our independent financial advisers will review this for you.
Get 100% independent pensions advice today
Our independent financial advisers have a deep working relationship with pension providers across the UK, including Lexo.
Whether you want to transfer your pension to Lexo or have an existing pension with then that you want to get the most out of, we can help.
The IFA's we work with can provide independent advice about pension transfers, reviews, drawdown, annuities and much more. Book your free initial consultation with them below:
Lexo Pension Products: The SIPP
Lexo’s primary pension offering is its Self-Invested Personal Pension (SIPP). It is designed for investors who want to take control of their own retirement destiny without the "noise" of speculative stock picking.
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Evidence-Based Portfolios: Lexo’s core strength is its investment philosophy. Instead of trying to "beat the market," Lexo uses globally diversified portfolios that track market dimensions. These are typically constructed using funds from providers like Dimensional Fund Advisors and Vanguard.
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Low Cost: Because Lexo removes the "middleman" of a human adviser for those who don't need it, the platform and fund costs are kept significantly lower than standard managed services.
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Total Transparency: The online portal provides a clear, 24/7 view of your holdings, performance, and exact fee deductions.
Putting a Lexo Pension into Drawdown
Lexo is built to support you throughout your entire lifecycle, including the "decumulation" phase when you need to turn your savings into income.
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Flexi-Access Drawdown: Once you reach the minimum pension age (currently 55, rising to 57 in April 2028), you can move your Lexo SIPP into drawdown. You can normally take 25% of your pot as a tax-free lump sum.
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Systematic Withdrawals: Lexo allows you to set up automated monthly or quarterly withdrawals. Because the portfolios are globally diversified and rebalanced, they are designed to be resilient during the "sequence of returns" risk that retirees often face.
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Phased Access: You can choose to move small portions of your pension into drawdown over several years to maximise your personal tax allowances.
Alternatives to Drawdown
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Annuities: While Lexo is an investment platform, you can transfer your funds to an annuity provider if you reach a stage where you prefer a guaranteed income for life.
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UFPLS (Uncrystallised Funds Pension Lump Sum): For those who don't want a regular income, you can take occasional "chunks" of cash directly from your Lexo pot.
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Full Service Wealth Management: If your situation becomes too complex for the DIY Lexo portal, you can "graduate" to the full financial planning service offered by Lexo's parent firm, Lexington Wealth.
Reviewing an Existing Lexo Pension
If you have held a Lexo pension for several years, a periodic "health check" is important, especially as market conditions and tax laws evolve:
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Rebalancing Check: Lexo's evidence-based approach relies on maintaining a specific asset allocation. A review ensures your portfolio hasn't drifted too far from its target risk level.
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Fee Audit: For portfolios that have grown significantly, it is worth reviewing if the Lexo platform remains the most cost-effective option or if a flat-fee provider would serve you better.
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Governance Review: Many Lexo users start as "DIY-ers" but find that as they approach retirement, they need a professional review of their "safe withdrawal rate."
Transferring To and From Lexo
Transferring INTO Lexo
Lexo is a popular choice for consolidating high-cost, underperforming legacy pensions.
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The Process: You can initiate a transfer through the Lexo portal. They coordinate with your old providers (such as Aviva, Standard Life, or ReAssure) to move your funds.
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Clean Funds: Lexo only uses "clean" share classes, meaning they do not accept old-fashioned funds with hidden commissions. Any incompatible funds will be sold to cash during the transfer process.
Transferring OUT of Lexo
Lexo does not believe in "locking" clients in.
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No Exit Penalties: You are free to move your money to another provider at any time without a penalty from Lexo.
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Electronic Transfers: Using the Origo network, cash transfers out of Lexo typically complete in 10 to 20 working days.
Pros, Cons, and Customer Reviews (2025-2026)
The Pros
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Evidence-Based Pedigree: Built by one of the UK’s top financial planners (Warren Shute), ensuring the investment logic is sound.
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Low "Drag": Minimal fees mean more of your money stays invested and compounding.
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No Speculation: Ideal for those who want a "grown-up" investment strategy without the gambling of day-trading.
The Cons
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DIY Nature: You are responsible for making your own decisions; there is no human "hand-holding" on the Lexo portal itself.
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Investment Universe: Lexo is focused on a specific philosophy; if you want to trade individual "meme stocks" or crypto, this is not the platform for you.
What Customers are Saying
"I wanted the Dimensional funds that the top IFAs use but didn't want to pay 1% for an adviser. Lexo gave me exactly that. The portal is simple, clean, and does exactly what it says on the tin." — Investor Review, Jan 2026
"A great way to manage my SIPP. I’ve moved all my old workplace pots into Lexo because I trust the evidence-based approach more than my old 'managed' funds." — Trustpilot Review, Nov 2025
How Our IFA Service Can Help
At Money Helpdesk, we connect you with Independent Financial Advisers (IFAs) who can help you bridge the gap between "DIY Investing" and "Full Financial Planning." While Lexo provides the tools, an IFA provides the strategy.
Our IFA service helps you by:
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Complexity Management: If you have over £250k or complex tax needs (such as the Tapered Annual Allowance), we can determine if the Lexo DIY approach or a full Lexington Wealth service is more appropriate.
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Forensic Pension Analysis: We review your old pensions to ensure you aren't accidentally giving up "Guaranteed Annuity Rates" before moving them to Lexo.
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Retirement Modeling: We use sophisticated cashflow software to show you exactly how your Lexo portfolio will support you through 30+ years of retirement.
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Tax Optimisation: Ensuring your withdrawals from Lexo are timed perfectly to minimise your 2026/27 tax liability.
Get started here to begin a free, no-obligation chat with an IFA who can review whether Lexo is the right option for your pension investments and offer imperial advice on how to proceed.