With Profits - thoughts ?

lentrix92

switch into the with pft fund - guaranteed 4%.

tony4147

lentrix92 wrote: »

switch into the with pft fund - guaranteed 4%.

Wish I could, the pension with profit fund is closed to new money!

lentrix92

is it classed as new money if you are doing an internal swtich ?

tony4147

lentrix92 wrote: »

is it classed as new money if you are doing an internal swtich ?

I have asked SL this question and they have informed me that I cannot add to it.

lentrix92

Grrr - that's my idea blown then

mania112

If you're in the SL WP with 4% guarantee that's pretty solid.

But the point is, it all depends what your age, attitude to risk and capacity for loss is.

If you can afford to lose money and you have a moderate-to-speculative ATR then it's probably not the best fund for you.

Gatser

I am in the WP Pension fund too, with guaranteed 4% growth.

This is far better than any cash deposits in my SIPP.

I cannot access until NRD of 60 unless I am happy to suffer
a MVR (Market Value Reduction) of around 29%... ouch!!

I did wonder though if Std Life would not prefer to just let me off without that MVR, in exchange for their commitment to guarantee the very generous 4% over a number of years.... ?

tony4147

I think I will leave the 'pension with profits' fund alone with the 4%, but in my case I think I need to do something with the 'millennium fund' as this fund is behind inflation.
Any suggestions as to what to move it into with SL

lentrix92

I have 5 funds @ SL can i move the non -with proft funds away - or do i have to move the whole lost if i want to change ???