Which Shp Have Proformed Best In The Last 12 Months

plumb1_2

I have just recieved my statement from Wesleyan for my SHP, and it has gained nearly 23%.
Has any other companies been as good?

dunstonh

The stakeholder pension hasnt lost or made a penny. Its the invesment funds that have.

So, every pension provider out there offering unit linked funds would have at least one fund that has done that. How its done over the last 5 years including the crash is a far better measure of quality.

Milarky

You need a 'moving average' measure as well as once which implicitly assumes people only make a single contribution right at the beginning of the lifetime of a pension (or other savings) vehicle. That would also embrace dunstonh's inclusion of earlier years in working out a compound growth rate.

plumb1_2

The reason i ask is in 2001 i took out a SHP (£25) with the weslyan and never put anything else in it.

Policy Value 2002= £25.56,2003=£22.32, 2004=£25.63, 2005=(miss laid), 2006=£33.12

But i have a policy with SL worth about 35k with profits, an old pension(lump sum in 1989)
and with them going PLC ,i can't see this gaining( as it has lost a few 1000's in the last few yrs), so i thought it best to transfer before they start sticking big fees/penality? on it, (transfer fee:think: ).
And i also have a pension with Scottish life £100 per month, worth about 30k, which i would like to transfer, so everthing under 1 umbreller so to speak, think this is the best way to go?

TBH, After my IFA recommended ALBA LIFE for my endowment, my trust is gone

Need your opinion, not advice.

dunstonh

The SL pension is likely to be far better than the Weslyan. Lower charges and better fund range then weslyan. Scot Life have a pretty good pension at present as well. Not the stakeholder but the personal pension which has lower charges than a stakeholder for terms in excess of 20 years. They also have a hybrid sipp coming on board later this year with no charges on the sipp wrapper but allowing direct unit trust holdings and individual pension funds which could make them good value (pension funds being cheaper than unit trust funds).

TBH, After my IFA recommended ALBA LIFE for my endowment, my trust is gone

Harold Shipman was a murderer. Dont ever get ill as you must think all doctors are murderers.

Need your opinion, not advice.

From what you have said, you need advice. What you think is the worst pension has the potential to be the best of the three. You need to stop looking at the pension and think it is that which is making/losing money. It isnt. A tax wrapper cannot make or lose you money. Its where you invest that does. You have one fund with standard life yet they have loads available. Same for Scot Life.

Just over a year ago, I did some fund switches for a forum member on a standard life pension. It cost them nothing to switch and the value is now over 40% up in 12 months. It would have been up 13% had it been left where it was. It didnt need moving away from SL, it just needed a better investment spread which was possible with SL. To transfer out could be a costly error.

EdInvestor

plumb1 wrote:

The reason i ask is in 2001 i took out a SHP (£25) with the weslyan and never put anything else in it.

I should leave this one where it is, you never know your luck

But i have a policy with SL worth about 35k with profits, an old pension(lump sum in 1989)

Any guarantees attached to the policy?Check before moving out of WP or out of Std Life..

And i also have a pension with Scottish life £100 per month, worth about 30k, which i would like to transfer...

What is this money invested in?