Railway Brass pension

bow74

They have sent me a letter as they are about to change the holdings. They are telling me i have the option of opting into 2 selected funds. The ones they offer are Long term growth , Global Equity, Deposit ,Index linked & GlobalBond, Aggregate Bond.
I have over 20 years left yet so is it a good idea to select the Long term growth and Index linked / global bond options??
They have sent no info of how each of these work, but i have looked on line and think I may opt for these
Any advice:D

gamston

i'm just about to leave the scheme,
i've had the letter but not read it as i'm leaving
i would suggest look on the pension website you need to register, then you can log in to your own account
if you check out the pervious performance of the old funds and ref that to the suggested new fund
every year you can change for free.
i put my money in to property and overseas both have been poor over the time i held them.
if i was in your position i would review the funds i was in at least every year, listen to what the stock market commentators talk about
5-6 yrs ago they said get in to safe havens (gold etc) if i had done that i would have had about £20,000 more in my funds.

jamesd

Global equity is likely to be the best of those for growth. Long Term growth is probably a specific brand of product, possibly the Fidelity Long Term Growth fund. Global equity is probably a global developed stock market tracker.

With over 20 years left until retirement you should really be looking to learn more about investing and then seeing if you can transfer all or some of the pension pot to a place that will let you invest in the ways you then know.

If you do leave the money there, look to start shifting away from global equity and into ever-increasing percentages of the bond funds over the last ten years, If you'll be buying an annuity when you retire.

bow74

Thanks both