Vanguard

watt66

I am in the position of having my advisor go out of business and my sip centre pension charges will increase, and with nobody to offer guidance over investment choices. It has been suggested one option is to disinvest and transfer to youinvest. Would it be foolish to do this and invest about £100000 transfer value into Vanguard 80/20, or split it between Vanguard and Royal London sustainable world fund. The sip will be the only income other than state pension, I am 52 and will retire at 67.

xylophone

Before doing anything, do some reading.

Suggestions:-

DIY Pensions: A Simple Guide to Pensions, SIPPs & Retirement Planning, by John Edwards.

https://theescapeartist.me/2018/04/26/do-you-even-know-whats-going-on-in-your-pension/

https://theescapeartist.me/2015/09/07/honey-i-fired-the-financial-adviser/

https://theescapeartist.me/2015/07/28/the-simplicity-portfolio/

See also

https://monevator.com/using-vanguard-lifestrategy-funds-life/

https://monevator.com/category/investing/passive-investing-investing/

https://www.moneyobserver.com/best-sipp-platforms-your-portfolio-2018

If you still feel that you need guidance, you can consult an Independent Financial Adviser.

https://adviserbook.co.uk/

When the menu comes up on the left hand side you can tick "confirmed independent" and "pensions and retirement".

Linton

Moving the money as you suggest would not be foolish provided you understand and accept the volatility of Vanguard Lifestratey 80 or the 100% equity Royal London fund. Are they similar to your current pension funds?



Whether it's the best possible option in terms of charges, risk/return etc is difficult to say.

watt66

My existing portfolio has about 35 holdings, maybe less equities than Vanguard 80. Maybe the Vanguard 60 would be more appropriate. One of my issues is many existing holdings are not listed on LSE, and in foreign denominations. This makes it hard for me to understand what the investments are actually in. My portfolio does have a manager, but he will not give investment mandate advice, making changes as I near retirement difficult. I would like the lions share of my investment in a one stop solution.

AnotherJoe

Linton wrote: »

Moving the money as you suggest would not be foolish provided you understand and accept the volatility of Vanguard Lifestratey 80 or the 100% equity Royal London fund. Are they similar to your current pension funds?
.

AFAICS RL isnt 100% equity but is about 83% equity, so pretty much the same as VLS80. Its even got 22% UK equities near enough VLS80s UK 25%. So to me it seems to be another version of the same thing.

36% North American Equities
25% European Equities
22.5% UK Equities
16% UK Fixed Interest
1% Asia Pacific Equities

I think the main reason to split would be to avoid analysis paralysis, i did the same with two 100% equity funds i couldn't decide between about 5 or 6 years ago, Since then they've tracked each other very closely and it turns out i could have picked either but there's no harm done.

OP, if you arent going to retire for 15 years then for me these would be fine but if you are happier with 60% equities and it helps you sleep at night then maybe thats better for you.

watt66

Thanks for all the advice, you have given me confidence I am not being reckless. I will likely split fund between Vanguard 60 and the Royal London. I am now confidant I am investing in funds with adequate diversification and performance history, hopefully will continue.