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I don't know what pension fund to switch into
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strawberry_shortcake
Posts: 93 Forumite
i have an occupational pension and have been 100% in european equity for the past year, today i received my statement and although i have along with my employer contributed £1500 my plan has only increased by £300 (therefore losing £1200 in a year). Should i switch into an alternative fund, and if so what do you suggest?
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Comments
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Most European funds are medium/high risk with 60% potential for loss in a 12 month period. Single fund investing is old fashioned and will result in lower returns over the long (as even the best fund in a given sector wont be best all the time).
So, diversifying would make sense.I am an Independent Financial Adviser (IFA). The comments I make are just my opinion and are for discussion purposes only. They are not financial advice and you should not treat them as such. If you feel an area discussed may be relevant to you, then please seek advice from an Independent Financial Adviser local to you.0
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