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Similar Funds
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nxdmsandkaskdjaqd
Posts: 871 Forumite
My DC pension has the following funds available for investment:
SSgA MPF Balanced Consensus Index Pn
SSgA MPF Global Equity 50:50 Pn Inst
SSgA MPF International Equity Index Pn
SSgA MPF UK Equity Index Pn
I am considering moving the pension away and was looking for some ideas as to what were similar products (in terms of returns, risk and sectors).
SSgA MPF Balanced Consensus Index Pn
SSgA MPF Global Equity 50:50 Pn Inst
SSgA MPF International Equity Index Pn
SSgA MPF UK Equity Index Pn
I am considering moving the pension away and was looking for some ideas as to what were similar products (in terms of returns, risk and sectors).
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Comments
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I am considering moving the pension away and was looking for some ideas as to what were similar products (in terms of returns, risk and sectors).
All money purchase pensions are broadly similar. The main differences are investment options and costs. Most pensions will have similar funds to those.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 -
Any pointers as to the companies/fund names that offer a similar product?0
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nxdmsandkaskdjaqd wrote: »Any pointers as to the companies/fund names that offer a similar product?
Pretty much all of them as the funds you listed are generic index trackers. Most decent stakeholders would give a limited range. Personal pensions would easily cover them. SIPPs by definition would.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 -
If you're looking to move, and retain the same investments then it's presumably because of charges.
Most providers will offer those funds, but are they the best ones for your needs?
If you set up a free account with trustnet or Morningstar then you can input your funds and have a breakdown of percentages geographically, by asset class and by industry type.
Once you've done this then see if that is really how you want to split your investments, if not then choose different funds and vary it. Those funds all appear to be trackers, so you can replace them in two ways. Either choose a similar range of trackers, with an appropriate asset split for your needs, or use the multi asset funds like black rock consensus, vanguard life strategy, l and g multi etc for the core fund and add some side funds to tweak the allocation and include other assets.
Which company or platform you invest with will primarily be decided by the amount you have invested, as well as personal preference on website look, ease of use etc0
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