pesion actual growth

mugrat_2

is an ifa

I took off my investment from what it is worth now ie worth now 16000 subtract my payments equals what would have happened if i had paid nothing in

sorry £120 is gross (i think) 60 odd from 50 odd from me some form of tax thing and 60 odd from boss sorry can't be very accurate with money not my thing now if your boiler blew up i'd be ok

might have made a mistake with the calcs but 120 was my start in 2007 I am paying more like 145 now

if he uses a performance predictor one year why can't he tell me an actual the next year

mugrat_2

transfer 12000 add investment 6000 is 18000 actual value is 16000

I understand he could lose one year but this is over a four year period so the trend is down over four years

I get a valuation every couple of weeks when i get a switch notice skandia say that is the current value of all my holdings

dunstonh

what i am really trying to ascertain is if his advice was correct in 2007

Nothing you have said has indicated anything wrong.

why he can't give me growth/loss figures on a year by year basis

With multiple funds with multiple contributions, it is very difficult for that to be done. The contract you have is a Skandia Life personal pension (which is now obsolete compared to modern options - I used to have Skandia Life pension as it was a top product in its day). It is not designed to give that level of detail. If you want improved investment data then it would need to be on a more modern platform offering features and options you now want (which ironically would include the current Skandia platform which is capable of giving that data you ask).

why he can't up front about it and what the value would have been now if i'd left it with standard life

There is no real way to calculate that correctly enough. You can get an indication but thats all.

Even if it has underperformed the old std life contract in a short period like this (which is very possible), does not mean it was done wrong. It could be better in the next period and over the long term.

I understand he could lose one year but this is over a four year period so the trend is down over four years

There is no such thing as a trend. You transferred at the peak of the market (summer 2007 was peak). We then had the credit crunch and global recession which hit markets until April 2009. Your standard life pension would have followed that decline on a like-for-like basis. April 09 until June 2011 saw some good growth but markets have recently corrected or crashed (depending on market you look at. i.e. European markets are currently down around 20% from June).

You are viewing this too short term. The zig zags need time and 4 years which include a large recession and financial crisis is not long enough. A traditional cycle tends to average more like 7 years.

jem16

mugrat wrote: »

transfer 12000 add investment 6000 is 18000 actual value is 16000

That makes more sense - you said the transfer was £1,200 earlier.

I understand he could lose one year but this is over a four year period so the trend is down over four years

I get a valuation every couple of weeks when i get a switch notice skandia say that is the current value of all my holdings

Every couple of weeks seems a lot of switching.

Do you know what risk profile your IFA has you down as? Should say on your Suitability Report from him when you first invested with him.

mugrat_2

sorry made a mistake earlier should have been 12000 (thousand) not 1200 transferred originally
so therefore 12000 plus 6000 is 18000 current value is 16000 equals a loss

i have 2 a4 lever files with with switch notices

dunstonh

i have 2 a4 lever files with with switch notices

That is a lot of switching. 4 years you would expect say 4 batches of switching. (one batch per year). If your fund was 500k plus, then quarterly or half yearly may be more typical.

mugrat_2

risk is low to medium