Fidelity Pension Fund choices

M0ssim0_2

My Company’s Pension scheme is currently provided by Fidelity International. When they transferred their provision across we were given the option of either choosing one of their default investment options or going down the Self-Select route. At the time I choose the latter and I’m investing in funds via their Working Life Strategy which adjusts it’s approach depending on how long left you have until retirement. As I’m only 35 I have a few years left to go and therefore I can afford to be a bit more adventurous in my fund selection if need be. My pension contributions are currently split between the following funds:

Fund Allocation
Fidelity Newton Global Balanced Fund Cla 56.08
Fidelity UK Index Pensions Fund 18.05
Fid Newton Real Return Fund Class 6 13.91
Fidelity International Equity Fund Cls 5 11.96

By going down this route I have always had a nagging doubt that the investments will just plod along and the portfolio will never be altered to reflect the funds performance. Are Fidelity really looking after my best interests? I’m therefore considering looking at going down the self select route. Having checked the performance of each fund it appears that the Newton Real Return and then Newton Global Balanced fund are performing well whilst both of Fidelity’s own funds appear to be lagging. This only goes to reinforce my fears. If I go down the Self Select route I can choose from any of the following funds:

Fid Baillie Gifford 5050 WorldWide Eq C5
Fid Baillie Gifford 6040 WorldWide Eq C5
Fid Baillie Gifford UK Equity Focus Cl5
Fid BlackRock Corp Bond Fd All Stocks C1
Fid BlackRock Emerging Markets Fund Cl 5
Fid BlackRock European Equity Indx Fd C1
Fid BlackRock Global Equity 50/50 Fnd C1
Fid BlackRock Global Equity 70/30 Fnd C5
Fid BlackRock Long Term Fund Class 1
Fid BlackRock Ovr 15Yr UK Gilt Idx Fd C1
Fid BlackRock Ovr 5Yr I-L-Gilt Fund C1
Fid BlackRock Pac Rim Equity Index Fd C5
Fid BlackRock UK Equity Index Fund Cl 1
Fid BlackRock US Equity Index Fund Cl 1
Fid BlackRock World (ex-UK) Equity Fd C1
Fid BlckRck 3070 Curr Hdgd Gl Eqty Fd C1
Fid Emerging Markets Eqty Pensions Fd C8
Fid Global Diversified Pensions Fund C5
Fid Global Equity 70/30 Pensions Fd C5
Fid Global Focus Pensions Fund Cl4
Fid Global Property Pensions Fund Cls 4
Fid Japan Smaller Cos Pensions Fund C4
Fid JPM Life Global Dynamic Fd Class 5
Fid JPM Life UK Specialist Equity Cls 5
Fid Mellon Long Term Global Equity Cls 8
Fid Multi Asset Defensive Pens Fund Cl5
Fid Multi Asset Strategic Pens Fund Cl5
Fid Newton 50:50 Global Equity Fund Cl 5
Fid Newton International Growth Fd C5
Fid Newton Long Corporate Bond Fund Cls5
Fid Newton Real Return Fund Class 6
Fid Pre-Retirement Bond Pensions Fd Cls5
Fid River and Mercantile UK High AlphaC9
Fid River and Mercantile UK Sml Comp C9
Fid River and Mercantile UK Unconstrd C9
Fid Schroder QEP Global Active Value C9
Fid Standard Life Managed Fund Class 5
Fid Standard Life Overseas Fund Class 5
Fid Standard Life Select Property Fd C5
Fid Standard Life UK Equity Select Cl5
Fid UBS Global Allocation Fund Cl5
Fid UBS Global Optimal (Thirds) Fund C5
Fid UK Aggregate Bond Pensions Fund
Fid UK Spec Eq Pensions Fund C1
Fidelity Aberdeen Global (Enhanced UK) F
Fidelity Aberdeen Global Growth Class 4
Fidelity Aberdeen UK Growth Fund Class 4
Fidelity American Special Sits Pen Cls 4
Fidelity Artemis Global Capital Fund C9
Fidelity Artemis UK Growth Fund Class 9
Fidelity Artemis UK Special Sits Fnd C9
Fidelity BlackRock Cash Fund - Class 9
Fidelity BlackRock Consensus Fund Cl 1
Fidelity Cartesian UK Opportunities Fund
Fidelity Cash Pensions Fund Class 5
Fidelity European Equity Pens Fnd Cls5
Fidelity European Opportunities Pen C4
Fidelity F&C Stewardship Fund Class 1 Core
Fidelity Global Equity 5050 Pen Fund Cl5
Fidelity Global Equity 6040 Fund Class 5
Fidelity Global Special Sits Pen Fund C4
Fidelity Henderson High Alpha UK Equity
Fidelity HSBC Life Amanah Pensions Fd C4
Fidelity Index Linked Bond Fund Class 5
Fidelity International Equity Fund Cls 5
Fidelity Invesco High Income Fund Cls4
Fidelity Invesco UK Growth Fund Class 9
Fidelity Japanese Equity Fund Class 5
Fidelity JPM Life Balanced Fund Class 5
Fidelity JPM Life Diversified Grth Fd C5
Fidelity JPM Life Global Equity Fund Cl5
Fidelity JPM Life Moderate Fund Class 5
Fidelity Lazard UK Alpha Fund Class 9
Fidelity Lazard UK Omega Fund Class 9
Fidelity Legg Mason US Equity Fund
Fidelity Moneybuilder Growth Fund
Fidelity Multi Asset Growth Pens Fund
Fidelity Newton Global Balanced Fund
Fidelity Newton UK Equity Fund Class 5
Fidelity North American Equity Fund Cls5
Fidelity Pacific Equity Fund Class 5
Fidelity Pension Annuity Fund Core Fund
Fidelity Schroder Diversified Grth Fd C5
Fidelity Select Global Equity
Fidelity Special Situations Pensions C4
Fidelity Standard Life GARS Fund Class 5
Fidelity Threadneedle Property Fnd Cls 5
Fidelity UBS UK Opportunities Cl5
Fidelity UK Corporate Bond Fund Class 5
Fidelity UK Equity Pensions Fund Class 5
Fidelity UK Index Pensions Fund
Fidelity UK Long Corp Bond Pen Fd C5
Fidelity WealthBuilder Fund Class 4
Fidelity Worldwide Special Sits Pen C4

I’m considering swapping the two Fidelity Funds so that my UK equity exposure sits with Aberdeen UK Growth Fund Class and my Global with either the Aberdeen Global Growth fund or the Mellon Long Term Global Equity fund. In doing this, whilst aiming to retain roughly the same level of risk if need be I’m happy to be slightly more adventurous in view of the length of time I’m due to retire. I’m struggling to be able to find details on Morningstar or Trustnet for comparison purposes so before I make this changes I was hoping someone could critique my thoughts? Are the alternative funds I’m looking at more stellar? Are there others in the above list I should be looking at?

Thanks.

jamesd

Your current funds are pretty cautious and not really appropriate for your age unless you are cautious yourself. What sort of drop in value would you be willing to accept in a bad year? About 40% is where the UK FTSE 100 index and most developed world stock markets sit and is the sort of level to accept for best growth.

For global investing a basic fund is something like Fid BlackRock World (ex-UK) Equity Fd C1.

Fidelity Invesco High Income Fund Cls4 is a UK fund that has a manager with an excellent reputation.

M0ssim0_2

Thanks for taking the time to reply jamesd. In view of the length of time I've got to my retirement I am happy to be more adventurous in my investments and appreciate along the way it will be a rollercoaster with the ups and downs. I think I'm going to go down the self select route so I can rebalance the portfolio so it's focused more on growth.

mr_fishbulb

This isn't a recommendation, just a copy + paste of what I have as my Fidelity Pension. I'm 31 and three quarters

It's difficult to find good funds from the Fidelity offerings to cover everything I wanted in my portfolio (indeed, property and infrastructure cover, come from my old Standard Life pension). Out of the ones on offer, I think (hope) these aren't dogs:

Fid Baillie Gifford UK Eqty Focus Cls 8 - 9%
Fid BlackRock Corp Bond Fd All Stocks C8 - 10%
Fid BlackRock World (ex-UK) Equity Fd C8 - 8%
Fid Global Focus Pensions Fund Cl4 - 8%
Fidelity Emerging Markets Equity - 15%
Fidelity European (ex UK) Equity Fd Cls8 - 9%
Fidelity Newton Global Balanced Fd Cls 8 - 19%
Fidelity North American Equity Fund Cls8 - 8%
Fidelity Pacific Equity Fund Class 8 - 5%
Fidelity Special Situations Pensions C4 - 9%

It's difficult to research them as some of them are re-packaged funds under a different name. For example the Fidelity Pacific Equity Fund is actually the Fidelity South East Asia fund (which in my opinion is a good fund).