RM pension advice

custardy

No,not for me

know someone at RM who now has access to the pension scheme
they are looking ot pay in 10% wages + 7% RM contribution (postie salary,so around £370 a week before deductions)
they have no other pension at 38-40 (around that,not sure exactly)

this is a Zurich/RM defined contribution fund

now the question

they have 2 options

lifecycle option,where the fund is managed
"do it yourself" option"

8 funds are available

• global equity fund
• diversified assets
• bonds fund
• cash fund
• inflation linked bonds
• shariah fund
• ethical fund
• active diversified fund

I have the info booklet on this is info is needed

now on the monies involved. is there any point/worthiness to DIY?
if so with what fund(s)
asked me but I really don't know this stuff

cheers

CannySaver_2

Hi

Depends on a whole host of things e.g.:

Age
Length of time to retirement
Attitude to risk
Knowledge & experience

As a general rule the longer someone has to go until retirement the more they will / should invest in equities, as I say though this is only a general rule.

Diverstification is also key between different equity markets and also other asset classes, such as property and fixed interest.

The Canny Saver

custardy

CannySaver wrote: »

Hi

Depends on a whole host of things e.g.:

Age 38-40
Length of time to retirement well I would say no earlier than the 67 it is now
Attitude to risk mmmm,with little knowledge I don't know if they would even know TBH
Knowledge & experience as above,nil

As a general rule the longer someone has to go until retirement the more they will / should invest in equities, as I say though this is only a general rule.

Diverstification is also key between different equity markets and also other asset classes, such as property and fixed interest.

The Canny Saver

I don't really know about this stuff to advise them

atush

I think they need to come here and ask, as the attitude to risk (which you don't know)is the most important part. So maybe they shoud just stick with lifestyle option.