Pension Novice & Two Funds

20vt-rs

Hi all,

I have a work pension that has been in place for a number of years, it is currently with Standard Life. My company has set us up a new pension now and that started a few months ago, it is also with Standard Life.

Looking at the system today, my funds are set to :
1. Standard life passive plus III pension fund
2. Standard life managed pension fund


My passive plus has the bulk of payments in it and the managed is the new one.

I am not sure if I should keep both or consolidate all into the managed one. I have read the fact sheets on both, can see they are completely different in terms of investment area, but I am pretty clueless when it comes to this sort of thing

What I have been told is the new fund has a 0.07% lower charge on it PA, which actually on my fund value isn't a massive amount of money.

I could leave them both as is, or possibly speak to an IFA, but I don't know how much that is going to be and if it's worth the investment.

Any help / pointers appreciated. Thanks...

bigadaj

If you go onto the trustnet website and search under pensions then those funds should be listed, and the exact details of what they hold in terms of shares and bonds, geographic spread, sectors etc

This may not mean a lot to you, have a read of the monevator website to get some background and thoughts.

An ifa can review but if you can find one who is interested this might cost £500-£1000.

How much do you currently have in the plans?

20vt-rs

Thanks for the feedback bigajad, one has £*k and the other £*k. Might have to do some reading up on monevator, so thanks for the info. :beer:

20vt-rs

bigadaj wrote: »

How much do you currently have in the plans?

Hi again, I think I have confused myself even more reading up , I think from my simpleton point of view the newer plan (managed fund) may actually be a better bet than the passive one with the spread of investments. Performance wise they seem to be very similar, does my fund value have a bearing on what / where I put it?

Thanks...