Have we got too many pensions

sammybee

i wouldnt know the answer t o what they were invested in , so really i lost out cos they invested it badly (NU) :mad:
as my pru one didnt lose in the same year :j
so really is it worth having a pension if they can lose so badly ??

Lokolo

sammybee wrote: »

i wouldnt know the answer t o what they were invested in , so really i lost out cos they invested it badly (NU) :mad:
as my pru one didnt lose in the same year :j
so really is it worth having a pension if they can lose so badly ??

A pension is a wrapper. You choose the investments inside them. You could have had the same investments in an ISA, or outside an ISA.

The pension didn't lose anything. The investments inside them did, maybe its the investments (NOT THE PENSION) that you should be complaining about.

dunstonh

i wouldnt know the answer t o what they were invested in , so really i lost out cos they invested it badly (NU)

No indication that Aviva invested it badly.

as my pru one didnt lose in the same year

No indication that Pru did better.

Funds will do what their objective is. If one is invested in say Asia pacific equity and the other in say fixed income bonds then you would expect the Asia one to zig zag around all over the place whilst the Fixed income bonds would be more wavy line. However, it doesnt mean the wavy line will give you the most over the long term.

so really is it worth having a pension if they can lose so badly ??

As mentioned above, the pension has not lost money. How YOU have it invested is the reason one may have performed differently to the other. The Aviva plan "could" have the better investments for the long term but the most volatile in the short term. We would need to know the investments. Not the pension provider (you can access around 20,000 different investments through Aviva pensions. Bound to be good and bad in there).