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virgin pensions low charges??? is it worth it
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Ah, but the site is called Fool for a reason.
Forget it, Pal. He's too nice a guy to get involved.
If you want to stir things up, go post something about Telecom Plus.
::) I have five stars! This doesn't mean that I know anything about any of the things I post. I could be a raving lunatic, or a brilliant genius, or just some guy on the internet. In fact, I could be all three at the same time.
If anything I say makes sense, then do it. If not, don't. Don't blame me or my stars if you do something stupid because I suggested it. I'm responsible for my own stupidity only. You are responsible for yours.
Why, I don't even have five stars anymore! Aren't you glad you aren't responsible for my stupidity?0 -
Even I am not that brave.0
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Thanks for all that
Running my own business tends to take up most of my time
i completely agree with the looking at performance bit, and I understand the past performance is not gurantee, but having hunted for hours I can't find anything that compares past performances of pension funds- any advice on best place to look without trawling through website after website??
Are you saying l&g is genreally perfoming quite wellThis is a system account and does not represent a real person. To contact the Forum Team email forumteam@moneysavingexpert.com0 -
Most IFA will have the tools to show performance of any fund available. You could seek advice.
I havent used L&G for a pension in ages. Mostly due to what i find are lower service standards than alternatives and if you are only looking at default funds, then there really isnt that much in it as far as performance goes.
If you are looking to do a £3600 single premium, then Clerical medical have a special offer on at the moment giving a extra 1% allocation.
An addition to the tracker vs managed fund debate should be that trackers are generally considered higher risk than the managed fund version in that sector.
Additionally, the days of having one fund are coming to an end. Picking a range of funds which balance out to meet your attitude to risk is considered to be the way forward now.
I did quickly compare the default L&G funds with the sector averages and didnt see much difference. The same could be said for the vast majority of providers though.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 -
I've never heard a good thing said about L&G customer service either... - perhaps you get what you pay for.
Anyway the tracker vs active fund argument is old hat now.
The new argument is EIF vs tracker fund. 8)
EIF's have beaten trackers to a pulp in the last few years and tend to do relatively well when the market does badly.
EIF = Equity Income Fund.0
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