Pension Investment fund

iwblue

I've received advice to invest my pension in the Scottish Widows Pension Portfolio B. Its seems to have performed adequately over the last 3 years. Anyone with any Pension fund experience have any thoughts.........Is this fund generally considered good?

Many thanks

Dox

Received advice from whom....someone who knows what they are talking about, or your mate down the pub?

Without knowing your objectives, attitude to risk etc it's hard to comment usefully.

tacpot12

How old are you, and when do you intend to retire?

dunstonh

Most SW own funds are naff. With the way Lloyds Bank is starving them of resources, that shouldnt be a surprise.

However, you could do a lot worse if you tinker and dont know what you are doing.

tacpot12

This fund does not look to be that good to me. Its performance is about 60% of the best of the Multi-asset Pension Funds, e.g. Aviva Balanced Blend FP Pn, and it comes 84th out of 363 funds when sorted by 3yr performance.

That said, we don't know whether you can invest in anything other than Scottish Widows funds. The fund hasn't been running for five years, so buying into this fund puts you at a disadvantage in terms of performance information. The Aviva fund above has five years performance data available.

iwblue

Thanks everyone. I don't have any clue when it comes to choosing investment funds. I have about 5 years before I want to start drawing on the fund. Many thanks

Albermarle

I can not give you any expert advice . Only that a mainstream companies multi asset fund like this may not be best in class, but on the other hand it is unlikely to spring any unpleasant surprises either.
If you have no real idea about picking funds etc then probably best just to stick with it , or pay for some professional advice and/or spend some hours researching the subject .

xylophone

This pension?

https://forums.moneysavingexpert.com/discussion/comment/74623602#Comment_74623602

I've got an old pension policy, used to be with Barclays and is now with Reassure. I started the pension in 1989 and stopped paying into it in approx 1996 as I moved into my employers pension scheme. The pensions worth approx £32000.

Your employer's scheme is the CS Pension Scheme?

https://forums.moneysavingexpert.com/discussion/comment/74001136#Comment_74001136

I'm looking at potentially leaving the Civil Service at age 55 and taking my Classic pension

.

Wouldn't it make more sense to transfer the Reassure Pension to SIPP and draw that down, deferring the CS pension to nearer age 60?