Pension action

skyranger

My work pension seems a lot more fruitful than my own investment into savings and stocks and shares (was using Nutmeg but lost money).

My work pension is with Aviva and I see the total rise every month by about 11% on average wheres my nutmeg barely moved and at January lost me £150 on average. My pension did drop at this time but nowhere near that figure.

Can you personally invest in these schemes for savings or is there some special arrangement due to it being a company etc

dunstonh

My work pension seems a lot more fruitful than my own investment into savings and stocks and shares (was using Nutmeg but lost money).

Nutmeg is not great. So, no surprise there. Beating savings is no surprise either as investments usually do over the long term. They just have periodic short term events where they do not.

Can you personally invest in these schemes for savings or is there some special arrangement due to it being a company etc

Stocks and shares ISAs have more or less the same selection of investments (or variations of a theme) than pensions and vice versa.

Nutmeg is a robo-advice option. It is designed to fit between full advice and DIY. However, it doesnt really seem to be as good as either option.

tacpot12

You should be able to invest in the same Aviva funds as your pension, via a SIPP, ISA or general investment account. One thing to watch is charges. Work pensions often negotiate very low charges. You might not be able to achieve the same level of charges and this will hit your return. But you might find that you can get close if you chose a low cost platform to purchase the funds through.

bigfreddiel

Does your pension 'appear' to be doing well because you are paying into it monthly?

fj

TadleyBaggie

I very much doubt it is rising by 11% per month, if it is we would all like a piece of the action.

skyranger

bigfreddiel wrote: »

Does your pension 'appear' to be doing well because you are paying into it monthly?

fj

Well I did consider putting every single point into my original question including the fact that I know it is nothing to do with adding in every month myself. Trouble is if you put too much into a question, nobody comes back to you as it's not considered easy to respond.

skyranger

TadleyBaggie wrote: »

I very much doubt it is rising by 11% per month, if it is we would all like a piece of the action.

Sorry I meant 11% a year.

bigadaj

skyranger wrote: »

My work pension seems a lot more fruitful than my own investment into savings and stocks and shares (was using Nutmeg but lost money).

My work pension is with Aviva and I see the total rise every month by about 11% on average wheres my nutmeg barely moved and at January lost me £150 on average. My pension did drop at this time but nowhere near that figure.

Can you personally invest in these schemes for savings or is there some special arrangement due to it being a company etc

Have a look at the monevator site, it should allow you to get some background and suggest how you might start investing.

Once you have some ideas then post back here and explain what your proposing, people will then comment on the pros and cons of the actions you are looking at.

atush

use a S&S isa, and dont invet in Stocks and shares but invest in funds like Oeics and investment trusts instead. You could use the same as is in your pension, but you might diversify instead.

Look at global trackers annd the Vanguard series too.

bigfreddiel

atush wrote: »

use a S&S isa, and dont invet in Stocks and shares but invest in funds like Oeics and investment trusts instead. You could use the same as is in your pension, but you might diversify instead.

Look at global trackers annd the Vanguard series too.

Exactly right, and reinvest divis automatically or use accumulating funds, sometimes marked as ACC. INC funds payout the divis as income that you would need to reinvest yourself

The major growth of an equity based portfolio doesn't come from the equity value increasing, but from reinvesting dividends, particularly over a long period.

Cheers fj