Starting work, choosing investment portfolio for retirement fund

Sillychuckie

I'm starting a new job shortly and as part of my application, they are asking how I wish to invest my retirement fund. I have a choice of either picking my own fidelity investments, or having them manage it all for me.
If I pick them myself, I can choose what % to allocate to what funds/types etc. If I let them do it however, whilst there are less than 10 years till retirement (which is true in my case), they will put 100% of the money into equity pension funds.
Is this sensible?
I'm not sure if I would be better off managing it myself so I could spread the money between equity funds, bond funds and cash funds (less risk averse).

I won't bother listing the 9 funds we can assign %'s to and I know you can't give specific fund advice anyway. I guess all I'm asking is whether I'd be a tad silly letting them manage it all (and therefore have 100% in equity funds) or better off splitting it myself.
Note: I can change funds and switch between having them self managed/company managed at no charge and at any time, so it isn'ttoo big a deal if I want to change things later on.

Thanks

dunstonh

Ideally you should pick from all the sectors but choose a percentage split which matches your personal risk profile. Not mine, not anyone elses. Yours.

10 years is fine to be in equities on a regular contribution. You can always switch the holdings as you get closer.

Sillychuckie

Fair enough, I'll leave it then.
I have atleast 40 years till I retire (most probably far more). As you said, I can always play with it later on. As I get older and have more money in the fund and get closer to retirement, I certainly wouldnt want it all in equities.