Asset Allocation in L&G Stakeholder Pension

bondyy

Hi everyone,

Hoping for a little pension advice please!

Age: 24
Risk appetite: High (have other cash savings)

I deposit approx. £400pm (inlcuding contributions by my employer) into a stakeholder pension with L&G, I'm obviously tied to this platform in order to receive employer contributions. Rather than blindly go along with the default lifestyle fund I'd like to pick something a little more appropriate for my risk appetite and age.

Funds are currently invested into L&Gs Multi Asset Fund 3 (PMC): ISIN - GB00B5W2CB33, Fund Management Charge - 0.13%.

I'd like to invest in a simple, low cost passive "fund of funds" product which will allow me to make regular contributions while negating the need for constant checking or rebalancing. I'm aware that funds such as the Vanguard Life Strategy 80, BlackRock Consensus 85 or L&G Multi Index 6 would suit what I've outlined above. However I have a limited choice of funds (see below), and am starting to get a little of of my depth looking at them. I'm hoping someone can advise whether any of these funds are similar to the three funds I've identified above, if not, will I need to create my own portfolio to try and replicate the funds above?

Any advice or comments appreciated
B


AAA-AA Fixed Int O15 Yr Targeted Duration (PMC) 3
AAA-AA Fxd Int All Stks Targeted Duration (PMC) 3
AAA-AA-A Corp Bond All Stocks Index (PMC) 3
AAA-AA-A Corp Bond Over 15 Yr Index (PMC) 3
All Stocks Gilts Index (PMC) 3
All Stocks Index Linked Gilts Index (PMC) 3
Asia Pacific (ExJap) Dev Equity Index (PMC) 3
Asia Pacific Ex Jap Equity Index (PMC) 3
Consensus Index (PMC) 3
Diversified (PMC) 3
Dynamic Diversified Fund (PMC) 3
Ethical Global Equity Index (PMC) 3
Ethical UK Equity Index (PMC) 3
Europe (Ex-UK) Equity Index (PMC) 3
Global Eqty Fixed Weights 50:50 Indx (PMC) 3
Global Eqty Fixed Weights 60:40 Indx (PMC) 3
Global Equity 70:30 Index (PMC) 3
Global Equity Market Weights 30:70 Index (PMC) 3
Global FW 50:50 Idx GBP Currncy Hedgd (PMC) 3
Japan Equity Index (PMC) 3
L&G Cash 3
L&G Distribution 3
L&G Dynamic Bond 3
L&G Equity 3
L&G European 3
L&G Far Eastern 3
L&G Fixed Interest 3
L&G Growth 3
L&G High Income 3
L&G Index-Linked Gilt 3
L&G International 3
L&G Managed 3
L&G North American 3
L&G Pension AXA Framlington UK Select Opps 3
L&G Pension Aberdeen Asia Pacific & Japan Equity 3
L&G Pension Aberdeen Euro Property Share Fund 3
L&G Pension Aberdeen Property Share 3
L&G Pension Allianz BRIC Stars 3
L&G Pension Allianz Gilt Yield 3
L&G Pension Allianz Sterling Total Return 3
L&G Pension Artemis European Growth 3
L&G Pension Artemis Global Growth 3
L&G Pension Artemis Income 3
L&G Pension Artemis UK Special Situations 3
L&G Pension Aviva Investors Property 3
L&G Pension Baring Multi Asset Fund 3
L&G Pension Baring Strategic Bond Fund 3
L&G Pension BlackRock Glbl Multi Asset Inc Fund 3
L&G Pension BlackRock Gold & General 3
L&G Pension BlackRock UK 3
L&G Pension BlackRock UK Absolute Alpha 3
L&G Pension BlackRock UK Income 3
L&G Pension BlackRock UK Smaller Companies 3
L&G Pension BlackRock UK Special Situations 3
L&G Pension BlackRock US Dynamic 3
L&G Pension F&C Responsible Global Equity Fund 3
L&G Pension F&C Responsible UK Equity Inc Fund 3
L&G Pension Fidelity American 3
L&G Pension Fidelity European 3
L&G Pension Fidelity Multi Asset Strategic Fund 3
L&G Pension Fidelity South East Asia 3
L&G Pension Fidelity Strategic Bond Fund 3
L&G Pension First State Asia Pacific Leadrs 3
L&G Pension First State Global Resources 3
L&G Pension HSBC Life Amanah 3
L&G Pension Henderson Cautious Managed Fund 3
L&G Pension Henderson China Opportunities Fund 3
L&G Pension Henderson European Growth 3
L&G Pension Henderson European Selected Opps 3
L&G Pension Henderson MM Absolute Return Fund 3
L&G Pension Henderson Preference & Bond 3
L&G Pension Henderson Sterling Bond 3
L&G Pension Invesco Perpetual Corporate Bnd 3
L&G Pension Invesco Perpetual Distribution 3
L&G Pension Invesco Perpetual Global Bond 3
L&G Pension Invesco Perpetual High Income 3
L&G Pension Invesco Perpetual Income 3
L&G Pension Invesco Perpetual Monthly Inc Plus 3
L&G Pension Investec American 3
L&G Pension Investec Cautious Managed 3
L&G Pension Investec Global Energy 3
L&G Pension Investec Global Gold 3
L&G Pension Investec Global Strategic Equity 3
L&G Pension Investec Strategic Bond 3
L&G Pension Investec UK Special Situations 3
L&G Pension JOHCM UK Opportunities 3
L&G Pension JPMorgan Cautious Managed 3
L&G Pension JPMorgan Emerging Markets 3
L&G Pension JPMorgan Natural Resources 3
L&G Pension Jupiter Corporate Bond 3
L&G Pension Jupiter Ecology 3
L&G Pension Jupiter Emerging Euro Opportunities 3
L&G Pension Jupiter European Special Situations 3
L&G Pension Jupiter Financial Opportunities 3
L&G Pension Jupiter Merlin Balnced Prtfolio 3
L&G Pension Jupiter Merlin Growth Portfolio 3
L&G Pension Jupiter Merlin Income Portfolio 3
L&G Pension Kames Ethical Equity Fund 3
L&G Pension Lazard Global Equity Income 3
L&G Pension M&G American 3
L&G Pension M&G Corporate Bond 3
L&G Pension M&G Feeder of Property Portfolio 3
L&G Pension M&G Gilt & Fixed Interest Income 3
L&G Pension M&G Global Basics 3
L&G Pension M&G Global Dividend 3
L&G Pension M&G Global High Yield Bond 3
L&G Pension M&G Global Leaders 3
L&G Pension M&G Managed Growth 3
L&G Pension M&G Optimal Income 3
L&G Pension M&G Recovery 3
L&G Pension M&G Short Dated Corporate Bond 3
L&G Pension M&G Strategic Corporate Bond 3
L&G Pension Managed Income 3
L&G Pension Martin Currie North American 3
L&G Pension Multi Manager Balanced 3
L&G Pension Multi Manager Growth 3
L&G Pension Multi Manager Income 3
L&G Pension Neptune Balanced 3
L&G Pension Neptune European Opportunities 3
L&G Pension Neptune Global Equity 3
L&G Pension Neptune Russia & Greater Russia 3
L&G Pension Newton Global Equity 3
L&G Pension Newton Global Income Fund 3
L&G Pension Newton International Bond 3
L&G Pension Newton Multi-Asset Balanced Fund 3
L&G Pension Newton Multi-Asset Growth Fund 3
L&G Pension Newton Real Return Fund 3
L&G Pension Newton UK Equity 3
L&G Pension Newton UK Income Fund 3
L&G Pension Old Mutual UK Mid Cap Fund 3
L&G Pension Royal London Corporate Bond 3
L&G Pension Royal London UK Government Bond 3
L&G Pension Schroder Dynamic Multi Asset Fund 3
L&G Pension Schroder European Opportunities 3
L&G Pension Schroder Global Equity Income 3
L&G Pension Schroder Global Property Security 3
L&G Pension Schroder Income 3
L&G Pension Schroder Multi-Manager Diversity 3
L&G Pension Schroder Tokyo 3
L&G Pension Schroder UK Alpha Plus 3
L&G Pension Schroder UK Mid 250 3
L&G Pension Schroder UK Smaller Companies 3
L&G Pension Standard Life AAA Income 3
L&G Pension Standard Life Global Abs Return Str 3
L&G Pension Standard Life Higher Income 3
L&G Pension Standard Life UK Gilt 3
L&G Pension Threadneedle Absolute Return Bond 3
L&G Pension Threadneedle Equity & Bond 3
L&G Pension Threadneedle Global Equity & Bond 3
L&G Pension Threadneedle Global Equity 3
L&G Pension Threadneedle Global Select 3
L&G Property 3
L&G UK Alpha 3
L&G UK Recovery 3
L&G UK Smaller Companies 3
Multi-Asset (PMC) 3
North America Equity Index (PMC) 3
Over 15 Year Gilts Index (PMC) 3
Over 5 Year Index Linked Gilts Index (PMC) 3
Overseas Bond Index (PMC) 3
Overseas Equity Consensus Index (PMC) 3
Pre-Retirement (PMC) 3
Pre-Retirement Inflation Sensitive (PMC) 3
Retirement Income Multi-Asset (PMC) 3
UK Equity 5% Capped Passive (PMC) 3
UK Equity Index (PMC) 3
World (Ex-UK) Equity Index (PMC) 3
World Emerging Markets Equity Index (PMC) 3

Sobryma

Hi, you have a good choice of funds there, more than in my wifes L&G Stakeholder. On what you described above I think the Consensus Index might suit your needs - the factsheet states:

The fund combines the long-term growth potential offered through UK and overseas
equities with the relative security provided by gilts, bonds and cash. The assets held
within the fund are passively managed and based on the average investment mix of
a large number of major pension funds using the three-monthly Combined Actuarial
Performance Survey (excluding property)

Its around 80% in equity

bondyy

Sobryma wrote: »

Hi, you have a good choice of funds there, more than in my wifes L&G Stakeholder. On what you described above I think the Consensus Index might suit your needs - the factsheet states:

The fund combines the long-term growth potential offered through UK and overseas
equities with the relative security provided by gilts, bonds and cash. The assets held
within the fund are passively managed and based on the average investment mix of
a large number of major pension funds using the three-monthly Combined Actuarial
Performance Survey (excluding property)

Its around 80% in equity

Never got a chance to thank you Sobryma, appreciate the advice!

Having avoided making any further decisions over the last month I've decided I really need to get my act together, hoping for a few more insights on the appropriateness of the funds listed (and especially the Consensus Index).

Thanks all

dunstonh

Are you plans to build a portfolio and it keep it under review yourself or go with a simple multi-asset fund?

bondyy

dunstonh wrote: »

Are you plans to build a portfolio and it keep it under review yourself or go with a simple multi-asset fund?

As above, I'd like to invest in a simple, low cost passive "fund of funds" product which will allow me to make regular contributions while negating the need for constant checking or rebalancing.