Scottish Widows Pension Options

fraserkerr

I have a closed DC pension fund with a value of £80k. Our employer has selected Scottish Widows as the new provider and chosen SW Pens Portfolio 2 as the default fund for employers. I am contributing 5% which my employer matched and contributing a further 10% through AVCs. I am able to switch funds and would like to select a few different SW pension funds with a stronger performance than SW Pens Portfolio 2. Does anyone have recommendations on which funds to select and the split between each funds. I am 33 years old so willing to invest 100% in equities.


Thanks

dunstonh

Does anyone have recommendations on which funds to select and the split between each funds.

We dont know:
your risk profile
knowledge and understanding
investment behaviour
what investment model you intend to use in building your portfolio
what version of the product you have and what funds are a available.

Most likely that one of the Pension Portfolio funds is most suitable for you.

RickyB2000

One thing to note is do they lifestyle in the 'standard approach' and does this fit with your retirement plan. I have SW plan and it lifestyles which means 20 years or so out it starts to shift you out of equities and into 'safe' investments. Buying an annuity, makes sense. Going for 40 years of drawdown - it may not.
Not sure if this should warrant a move out of the standard investment plan? Note you may be able to move to a different approach/risk profile but still let SW pick the appropriate mix of pens funds, I would need to check.