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Sharia Pension Schemes
Matey123
Posts: 10 Forumite
I am currently in a workplace pension and plan to retire next year. I want to in that time switch to a pension fund that will maximise my return - I don't mind high investment. Looking at the schemes that are available the following seem to provide the highest return. I wondered if anybody could advise as to which one I should choose?
Kames Ethical Cautios Managed, Woodford Equity Income, Threadneedle Property Pn, HSBC Islamic Funds Global Equity Index (highest price), Newton Global Income, and FP Tatton Oak Advance B ACC.
Kames Ethical Cautios Managed, Woodford Equity Income, Threadneedle Property Pn, HSBC Islamic Funds Global Equity Index (highest price), Newton Global Income, and FP Tatton Oak Advance B ACC.
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Comments
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If you have 12 months to go, should you be investing at all? Or do you plan to use income drawdown?
How does your thread title fit in your investment fund list?I am an Independent Financial Adviser (IFA). The comments I make are just my opinion and are for discussion purposes only. They are not financial advice and you should not treat them as such. If you feel an area discussed may be relevant to you, then please seek advice from an Independent Financial Adviser local to you.0 -
I plan to remove the entire fund from my workplace pension in a year or so (get the tax free 25% and invest the other elsewhere) and want to maximise the fund value as much as possible. I'm not sure what you mean with your second question?0
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I have other investments as well as this so that is the reason I don't mind high risk.0
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I plan to remove the entire fund from my workplace pension in a year or so (get the tax free 25% and invest the other elsewhere) and want to maximise the fund value as much as possible. I'm not sure what you mean with your second question?
Is your choice of pension funds compatible with "Sharia Pension Schemes"?0 -
I'm not sure what you mean with your second question?
your thread title says "Sharia Pension Schemes". Yet most of those funds are not Sharia compliant.I am an Independent Financial Adviser (IFA). The comments I make are just my opinion and are for discussion purposes only. They are not financial advice and you should not treat them as such. If you feel an area discussed may be relevant to you, then please seek advice from an Independent Financial Adviser local to you.0 -
That is a bonkers selection of funds! It is completely random and there is even a pension fund (the Threadneedle fund) in there that you cannot possibly invest in. How did you select these funds?
Is your existing workplace pension scheme a Defined Benefit (DB) or a Defined Contribution (DC) scheme? If it is a DB scheme, do you know how much the transfer value is? If it more than £30,000, you will have to pay for financial advice and the advisor will have to confirm to the trustees that you have had the advice.The comments I post are my personal opinion. While I try to check everything is correct before posting, I can and do make mistakes, so always try to check official information sources before relying on my posts.0
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