We’d like to remind Forumites to please avoid political debate on the Forum.

This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.

📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!

Best place to invest £30,000 pension fund.

5 years ago we invested £30k in a portfolio. Today it is worth £29k and we only took a small income for 1 year before the stock market wobble. Should we leave well alone, or withdraw the money (we can do this without penalty now) and put into something else that would provide some increase or interest.

Comments

  • Maybe, maybe not. Not enough information to comment. What is the portfolio invested in? How much did you take out?
  • Canada Life Onshore Investment Bond, as recommended by a financial advisor.
  • dunstonh
    dunstonh Posts: 120,015 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Combo Breaker
    F1946 wrote: »
    Canada Life Onshore Investment Bond, as recommended by a financial advisor.

    That isnt a pension fund. Although it has a fund range available similar to what you would expect on a mid range personal pension.

    What does your financial adviser recommend you do?
    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.
This discussion has been closed.
Meet your Ambassadors

🚀 Getting Started

Hi new member!

Our Getting Started Guide will help you get the most out of the Forum

Categories

  • All Categories
  • 351.7K Banking & Borrowing
  • 253.4K Reduce Debt & Boost Income
  • 454K Spending & Discounts
  • 244.7K Work, Benefits & Business
  • 600.1K Mortgages, Homes & Bills
  • 177.3K Life & Family
  • 258.4K Travel & Transport
  • 1.5M Hobbies & Leisure
  • 16.2K Discuss & Feedback
  • 37.6K Read-Only Boards

Is this how you want to be seen?

We see you are using a default avatar. It takes only a few seconds to pick a picture.