Confused and fearful of pensions!!

jem16

EdInvestor wrote:

Actually she has another thread elsewhere about her PEP which dates from 1996 and has been invested in an Equity Income fund which has done quite well.:)

So not a novice investor - just a person who is confused about pensions.

I did read it but you obviously didn't.

wilroda wrote:

Hi
I do hope you can help me, I am a real novice investor!
I have a Norwich Union PEP that was commenced in 1996 with 6K. This is now worth 9K.
I have been told that it is underperforming and I should transfer it to a better fund.

I am not sure if this is the case and would value your opinions.

If i were to move it, is it easy to do and how would i go about it?

Thanks very much in anticipation!

If you read my first answer to the OP you will see anyway that I didn't actually recommend SIPPs but suggested the ISA route.

Yes I know you did but the OP still took your mention of SIPPs on board as something to look into.

wilroda

Hi all!
Not having access to my pc for a few hours i was anxious to check this thread!
Having read everyones opinions and advice I will take it all on board.

I have to admit that I am a relatively novice investor - and very confused about pensions!! - so any advice is welcome. I can then look into each bit of advice further before making any decisions. I am very cautious where money is concerned!!

dunstonh and edinvestor - all your advice is most welcome. Each of you having different perspectives and ideas.