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    • cambs1999
    • By cambs1999 12th Mar 17, 10:47 AM
    • 30Posts
    • 0Thanks
    Adding to a Scottish Widows Pens Portfolio Two
    • #1
    • 12th Mar 17, 10:47 AM
    Adding to a Scottish Widows Pens Portfolio Two 12th Mar 17 at 10:47 AM

    My husband has a works pension. They are currently paying into Scottish Widows Pens Portfolio Two.

    I've been looking into this pension a bit more, my husband requested a pension without much risk - however it appears to be a medium risk option. Does anyone have any knowledge of this pension, the risk and how it's been performing over the last few years? I've had a quick look and it seems to be doing ok but my knowledge in pensions is pretty much zero.

    With his employer contributions he's currently paying in around £360 per month. We were thinking of upping it by another £70 a month but before we do this we wanted to check whether this would be a wise decision?

Page 2
    • michaels
    • By michaels 14th Mar 17, 9:45 PM
    • 20,514 Posts
    • 94,726 Thanks
    I was playing with the SW lifestyling tool on their website this afternoon. Having answered some very innumerate questions that were supposed to pick up my attitude to rsik they put me in the middle of their rik profile bands and told me that between 15 and 10 years before retirement I should switch from portfolio 2 to portfolio 3 and then over the next 5 years into portfolio 4 etc.

    Portfolio 2 has made pretty good returns over the last year but on most measures performance has been slightly below average over most time frames. Personally I hold with efficient market hypothesis so put above average returns down to luck plus higher risk rather than alpha so am happy with sw.
    Cool heads and compromise
    • bigadaj
    • By bigadaj 14th Mar 17, 9:55 PM
    • 10,809 Posts
    • 7,115 Thanks
    Sorry just read it again, is it £1500 x 12 for annual then x 30 so a pension pot of £540,000?
    Originally posted by cambs1999
    Yes, that's ballpark.

    Shows how valuable defined benefit schemes are, which is now being evidenced by the huge values attributed to transfer values frequently quoted on these boards.
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