Advice re: Pension Lump Sum

UncleBFG

I'm wondering what to do with a pension lump sum. Whether to put it into a managed portfolio with an asset management company following advice from a financial services company bearing in mind the original commission and annual charges that will follow

or

to invest in a fixed rate bond for, say, five years

or

invest in property
This lump sum from a previous employer had to be taken although I wont actually retire for around five years.
Any advice would be appreciated

dunstonh

Whether to put it into a managed portfolio with an asset management company following advice from a financial services company bearing in mind the original commission and annual charges that will follow

If commission puts you off then go by fee basis instead. In most cases anyway, fee basis is cheaper.

to invest in a fixed rate bond for, say, five years

Totally different to the first option. Very short term, subject to inflation risk and shortfall risk. Whereas investment option is longer term and subject to investment risk.

(savings rates have a net interest margin of around 1.3% implicitly - so there is a commission on these effectively - you just dont see it).

invest in property

Again, a totally different option. Much more long term (unless you are a builder or very good at DIY and can flip properties quickly). Far more illiquid and taxation issues can be pretty heavy. Plus, future growth is unlikely to be anywhere near what past growth has been.

Can be quite expensive on costs too. Typically costs are higher than the investment option and saving option. So, it they concern you with investing, they certainly will concern you with property.

Any advice would be appreciated

You have given three solutions (which are not the only solutions). However, not once have you mentioned objective. You are looking at this back to front. You and we need to know what your future plans and objectives are as well as risk profile, current and future tax position, experience and knowledge in investing and property, other assets and liabilities etc.