Small range of pension funds

Glastoun

I currently have an old pension with about £7k in it, and it's all currently in the Legal & General Global Equity 60:40 fund. I'm pretty happy to keep it there, and the charge is a tiny 0.18% per year. I'm 30 years from retirement.

But would there be any reason to move any of the money to one of these alternative funds below? I can move it for free but not sure what the charges would be on these funds, may not be as low as the current one:

Aberdeen Asset Management Multi-Asset (ex Property) Fund
Aberdeen Asset Management Global Growth Fund
Aberdeen Asset Management Global (ex UK) Equity Fund
Aberdeen Asset Management UK Growth Fund
Fidelity Global Equity 60:40
Fidelity International Equity
Fidelity UK Equity
Legal & General Cash
Legal & General Over 15Y Gilts Index
Legal & General UK Equity Index
Legal & General Europe (ex UK) Equity Index
Legal & General North America Equity Index
Legal & General Japan Equity Index
Legal & General Global Emerging Markets Index
Legal & General Property
Legal & General Ethical Global Equity Index
Prudential With-Profits

I have other money I can diversify with, so don't mind sticking with a general fund, and the L&G 60:40 seems to have done okay for me (paid in from 2008-2010).

quotememiserable

Since you have 30 years to go a high risk strategy would be appropriate (likely to return better growth over a long run) but diversification remains important so that you keep your eggs in many baskets. To this end I'd say the L&G fund is overweight in UK funds, so I'd spread out some more - at least to include some emerging markets, where many anaylists suggest growth is most likely to come from.

redbuzzard

It looks perfect to me, given it's a modest amount, you're a long way off retirement, and it's going to be a minor part of your total provision, I hope.

I checked the factsheet, not clear whether it was equities:bonds, but it's 60:40 UK:RoW equities.

I have a semi-orphaned £30k or so in the DC section of a scheme which is mainly DB; I can't transfer the DC part separately, and certainly don't want to transfer the DB, so there it all stays for the next 5 years.

The DC was being lifestyled, phased into safe stuff as I approach scheme retiremnt age, but I moved it all to an L&G 30:70 equity index fund at the beginning of this year. I'll take it as my PCLS in 2018. Unlike you, I just need to keep a close eye and think in terms of managing risk over the next 5 years, but it's not such a critical amount that a feel it necessary to de-risk now, and it's had a good few months

EDIT: I neither agree nor disagree with quotemiserable. 100% equities is at the risky end of the spectrum, where you should be, and I don't think it's a big deal either way - really about whether you feel more adventurous. BUT - personally I would stick with equity index and L&G - they will be much lower cost than the managed funds and by definition they won't underperform to their benchmarks. So if you want to mix in a bit more EM, you could move 10% to the EM index for example. I have just noted that my 30:70 fund has about 6% EM - yours has about 3% as it is.

Glastoun

Yes makes sense to leave it, as the investments I have more direct control over are all non-UK. I'll need to be persuaded to add some bonds at some point, but equities seem to be doing okay at the moment so I might wait to see if some kind of Catastrophic Life Event happens with bonds and then look at what funds are available.

No idea why I chose L&G Global Equities back in the day, and was lucky that most of the subscriptions were paid near the bottom of the stock market drop, although I certainly didn't think it was lucky at the time!