MetLife Secure Capital Option - Your thoughts

Linton

cambb wrote: »

Thanks Linton.

I presume I could say request 50% into Prufund and say 50% into a higher risk investment?

My Fidelity pension is currently invested in the Medium Term growth Fund and that seems to provide a middle of the road investment.

You can have as many different investments as you want in whatever proportions you want. At one extreme you have the prufunds which continue to provide much the same unexciting but positive return year after year. At the other extreme there are investments which could fall by say 50% or more in a year and recover to provide a much larger long term profit. The job of the IFA is to propose a balanced set of investments that match your needs and attitude to risk. If you have led the IFA to believe you are extremely cautious then there is no point in asking to invest in something incompatible with that. If you are happy to withstand short/medium term fluctuations in value for long term gain then this is something you need to discuss with him/her.

Have you been seriously unhappy when your Fidelity Growth Fund fell in value as it must have done at times during the past few years? Perhaps further/deeper discussions with your IFA are required. You can ask him why he chose the particular investments he did and see if there has been any misunderstanding.