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Friends life funds
SG27
Posts: 2,773 Forumite
I am just filling out the application form for my friends life pension via cavendish and it ask me which finds I want to invest in and what percentages. I've googled and found a list of funds but I'm not sure if these are the ones I should choose from. If any knows which ones they are I would be very greatful! Thanks.
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Comments
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You should pick the investments that are right for you. Not those that are right for others. Plus, FL have multiple contracts which have different funds available.
Also, investment recommendations are not allowed by the board.
You should either ask your financial adviser or do your own research. If you are not knowledgeable about investments and are going DIY then you are better off sticking with the basic multi-assset portfolio funds. Typically one of these will be the default fund. However, there will be a selection normally covering managed and passive investing and different risk profiles.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.0 -
Thanks.
Im not looking for actual advice on which funds just a list of the ones I can choose from.
I assumed that the pension would be invested in a default fund to start with and that I could choose others at a later date if i wanted. I didnt think I would need to choose them straight away. This is my first and only pension so a bit of newbie!
I used the MSE pension guide and the links recommending cavendish but got a bit confused when it came to the form!0 -
There's a link to the fund brochure on the Cavendish website:
http://www.friendslife.co.uk/doclib/mpen11b.pdfI am an IFA. Any comments made on this forum are provided for information only and should not be construed as advice. Should you need advice on a specific area then please consult a local IFA.0 -
I assumed that the pension would be invested in a default fund to start with and that I could choose others at a later date if i wanted. I didnt think I would need to choose them straight away. This is my first and only pension so a bit of newbie!
The default fund may or may not be suitable for you. However, yes, you need to pick your investment fund(s) from day 1.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.0
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