Zurich private steak holder pension

davidjcb1

I am 28 and past 3 years I have been in the work arranged Zurich pension fund.

Currently putting in 20% of income (7% from me 13% from company) which is the upper limit the company will contribute.

Now, that's were my knowledge ends. I logged in the other day just to check all contributions are being made which all seems ok. I got curious though, it's setup as default, but I can pick how it is invested

currently £430 (20%) a month going into a fund, Aquila 60/40 Global Equity Index Z

Anyone know much about is that much use ?
I can also pick from...or divide my funds as I please on percentage basis.

Additional Pension Funds Payments
?Newton Global Equity ZP
Aberdeen Life Sterl Long Dated Government Bnd ZP
American 2 EP
American Smaller Companies ZP
Aquila 40/60 Global Equity Index ZP
Aquila 50/50 Global Equity Index ZP
Aquila 60/40 Global Equity Index ZP
Aquila Consensus ZP
Aquila Corporate Bond Over 15 Year Index ZP
Aquila European Equity Index ZP
Aquila Index-Linked Over 5 Year Gilt Index ZP
Aquila Japanese Equity Index ZP
Aquila Over 15 Years UK Gilt Index ZP
Aquila Pacific Rim Equity Index ZP
Aquila UK Equity Index ZP
Aquila US Equity Index ZP
Aquila World ex UK Equity Index ZP
Asia 2 EP
BlackRock Sterling Liquidity ZP
Deutsche Managed Sterling ZP
Equity and Bond ZP
Equity Managed 2 EP
European 2 EP
European Bond ZP
European Smaller Companies ZP
Global Bond ZP
Global Equity ZP
Global Select 2 EP
HSBC Amanah ZP
Japan 2 EP
JPM Asia Equity ZP
JPM Balanced ZP
JPM Continental Europe Equity ZP
JPM UK Specialist Equity ZP
Latin America ZP
LGIM Ethical Global Equity Index 1 ZP
Long Dated Gilt 2 EP
Managed 2 EP
Newton Global Balanced ZP
Newton Global Equity 50/50 ZP
Newton Higher Income Fund ZP
Property 2 EP
UK Corporate Bond ZP
UK Equity 2 EP
UK Preference and Fixed Interest 2 EP
UK Smaller Companies ZP


Many thanks

davidjcb1

And, while I'm here, as said I'm 28. Policy has 8 grand in it currently and gets £430 a month roughly going into it, which will rise with hopefully inflation pay rise each year, as its salary sacrifice 20% overall, am I contributing enough at the minute
I can't get any more from the company but I can over pay more myself

The other option is my recent new mortgage, possibly overpay on it instead as topping the pension up more ?

lovinituk

This is the best one I'm aware of...

davidjcb1

Hard to beat a good steak

I hope I can still afford them in my retirement.
Along with a boat, some young ladies and I imagine I will think of some other goodies by then. Lol

lovinituk

Well your thread is about steak holders

davidjcb1

iPhone likes a space between steaks and holders
Okok
Steakholder

lovinituk

...or even stakeholder

davidjcb1

Aye. One of them. I give up. Haha.

lovinituk

Sorry, I couldn't resist

Linton

For someone with minimal investment experience a Global Equity fund which invests in a wide range of comapnies around the world is a pretty sensible choice. My only concern with the one you have chosen is that 60:40 means 60% UK, 40% Rest of World which in my view is too much UK. Of the choices available the 40:60 fund should be better.

If you want to up the risk level a bit, which could be justified by the length of time you have until retirement, you could spice it up with a minor % in UK, US and European Small Companies. (say 5% in each as a starter).

Many of the other funds are more specialist, useful component if you were constructing a portfolio to a recipe you had determined. Others offer lower risk/lower return perhaps appropriate for someone older than you.

davidjcb1

It's been a long day.