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RoyHobbs · 4 May 2014 at 10:26AM

Hi All this my first post and I hope I have put this in the right board.
My wife who is 59 and plans to retire in 5 years is about to crystallise her £140,000 pension pot and move it from her present provider, Aviva, into an income draw down which she doesn't plan to draw on for the next 5 years or so. I wonder if you could give me your opinion on a £100,000 or so that we intend to place into funds and investment trusts.
Breakdown as follows:
60% into UK and Global fixed interest corporate and government bonds
30% UK and global equities
10% undecided

We are risk adverse so would prefer steady growth. I understand you can't give investment advice but it would be helpful if you can give your opinion on the make up of this portfolio.
Thanks

ColdIron · 4 May 2014 at 10:38AM

Seems reasonably sensible but you could achieve this within your pension, why are you moving now?

RoyHobbs · 4 May 2014 at 10:52AM

Hi thanks for the reply. We want to take the 25% lump sum, Aviva will not allow us to move into income drawdown without employing an IFA which is something we don't want to do. So we have to move the pension elsewhere.

Freecall · 4 May 2014 at 11:15AM

It does not sound too unreasonable to me.

My only comment would be that with all that changes going on with pension legislation, would it not be better to wait a year to make sure that there is not something included which catches you on the wrong foot.

Of course I don't know the rest of your financial situation.

jonesMUFCforever · 4 May 2014 at 2:10PM

What about the charges>>>>>>>>>>??????????????

Initial charge when investing somewhere??

I would certainly go down the IFA route - this is a one time situation when an amateur forum should NOT be used.

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