Protect my pot

Doglegger

What about the situation of a works DC scheme where you have to find your own drawdown provider? Is lifestyling appropriate here to protect the value before transfer if the funds held in it aren't available on the platform?

Doglegger

Any takers on the above? Any opinions would be welcome!

Albermarle

What about the situation of a works DC scheme where you have to find your own drawdown provider? Is lifestyling appropriate here to protect the value before transfer if the funds held in it aren't available on the platform?

I am not sure the fact you will have to transfer it is the critical issue . If for example your works pension had drawdown available then why would you behave differently ? Probably the new drawdown pension will have similar types of funds available as you have now.
If in drawdown you are going to stay invested in market funds then does not seem much point in lifestyling up to that point and then suddenly not doing again.

bostonerimus

UncleZen wrote: »

bostonerimus
DC Balance is nearer 250k at the mo.

Great so you are in the enviable position of having a pot that will easily produce the income you want....6k a year is a 2.4% drawdown. You now have a choice: you can afford to lose money so you could keep a heavily equity biased portfolio to give the chance to grow your pot; or you could go for safety and have a cash/savings/annuity/quality bonds biased portfolio. If you went with equities you might want to consider strong dividend payers as you could live off just natural yield. If you want to avoid risk you could put it all in a saving bond ladder an 5 year bond will get you 2.5% today so that that will probably be more by the time you retire or you could use some of the 250k to buy an annuity and then aggressively invest what's left knowing that your basic income need is covered by the annuity.....you have enough saved to have options.