New Pension

UKAndy

I have the option to pay into a company pension scheme when I pay 4% and my employer will pay an addition 10% of my earning. I have the choice of the following funds but needs advice which to choose and what percent of investment.

BGI Index-Linked Over 5 Year Gilt Index Tracker
BGI 50/50 Global Equity Index Tracker
BGI Cash
BGI Corporate Bond Over 15 Year Gilt Index Tracker
BGI Over 15 Years UK Gilt Index Tracker
BGI UK Equity Index Trackers

dunstonh

I have the option to pay into a company pension scheme when I pay 4% and my employer will pay an addition 10% of my earning

Excellent level of contribution. That sort of total contribution could set you up for life if you are in your 202 or early 30s.

I have the choice of the following funds but needs advice which to choose and what percent of investment.

ok fund choice isnt great but the free money makes up for that.

Cash is the option you switch into as you get closer to retirement (typically you phase into it over the last 5 years).

Corp bonds and gilts reduce the risk of your portfolio. Equities increase it so you find the balance that matches your attitude to risk.

Retired_I.F.A.

I agree it's a decent employers contribution but as we have discussed before it's not free money it's your pay so ask the employer to make the payments to a pension povider of your own choice where you will have a far better fund choice and probably other better options too .
They'll probably say no saying it'd be a nightmare having a different direct debit for each employees provider but that's rubbish as all payrolls are almost 100% computorised and run themselves virtually.

jamesd

UKAndy, ask if you're able to transfer money from this scheme to another a couple of times a year.

The BGI 50/50 Global Equity Index Tracker looks to be the best of those long term, though it has too much UK component for my taste.