First Thoughts of Funds Portfolio please

LULULU1

Hi Its actually my wife SIPP but I manage all of our finance. The SIPP is holding shares at the moment. We both have DB pensions and don't need this income for approx 7-10 years at least..

Yes i have had a look at the tax implication, My wife will have to pay some time on her withdrawals after taking her 25% tax free..

Many Thanks for the points raised.

dunstonh

The weightings seem a bit random. Slap of paint here, slap of paint there. Is there any structure or objective planned?

LULULU1

No not really.

Just want a decent return and then to use some of it for our later retirement and grand children University possibly.

Alice_Holt

Certainly a good idea (IMO) to move out of individual shares and into funds within her SIPP.

It may be worth reconsidering professional advice on £100k plus. Particularly as it's only a part of your overall pension provision (and presumably of your total savings / investments) .
Does your DB scheme provide for a widows pension?
Would your wife's DB scheme plus SP provide an adequate income for her in retirement?
If you want to benefit your grandchildren, had you considered using the SIPP for IHT planning?

LULULU1

Hi again,

Yes my pension does provide a widows pension. Also her pension and SP would be more than adequate.

What are the most important reasons you think it might be worth visiting an independent advisor.

Thanks

bostonerimus

LULULU1 wrote: »

Hi again,

Yes my pension does provide a widows pension. Also her pension and SP would be more than adequate.

What are the most important reasons you think it might be worth visiting an independent advisor.

Thanks

Now that you mention the 2 x DB pensions my advice to include some bonds/gilts in your proposed portfolio is looking a little dumb, or at least there's an argument for going 100% equities depending on the size of the pensions. You can count the DB pensions as your fixed income component and so up the risk on the rest of your portfolio. So a World Equity Tracker along with some more focused funds that you've researched might be a good solution. You've come a fair way. Read some more and research. If you feel you'd like professional advice go to an IFA, but don't get suckered into paying them an on going fee of 0.5% or 1% to "manage your money" once things are set up you should be able to do that yourself.

LULULU1

Thanks for all of your help. Sorry I guess I should have provided more info earlier.

I think we are there or there about.

Good Luck

aroominyork

LULULU1 wrote: »

Hargreaves Lansdown do two things called "leave it to the experts" and "Master Portfolio". They also look helpful.

Take care with HL. As well as paying double fees for them to create a 'fund of funds', compare their past performance to trackers and also be aware that the Master portfolios have no US exposure except for a bit of small cap in the Adventurous version. They justify this by saying active funds cannot beat the market so they take the curious approach of just leaving out the US altogether.

Edit: just realised you cannot see the past performance of the Mater Portfolios though you can see performance of Portfolio+ ('leave it to an expert').

LULULU1

Didn't realise how hard it would be to get a balanced portfolio and there is much work to do before I get it finished. I may just get a vanguard Lifestyle 100 for now and then adjust as I learn more.

Definitely not going with an active fund or HL.

Thrugelmir

The portfolio needs to be diversified. If there's a global downturn then equities will fall across the board. Just because a Company is listed in New York, Paris, London or Hongkong. Doesn't mean that a significant proportion of it's profits aren't generated internationally. Sometimes from very specific regions or customers.