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How do I know if I am getting a good pension return
neil2047
Posts: 3 Newbie
I invested in a SIPP 3 and a half years ago. It's only increased by 2% a year. Is this good in the current market. It was taken out on the basis the investment company were getting returns 4% above the market average
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You shouldn't be comparing to the market - you should be comparing to the performance of other funds in the fund / funds you've chosen.Money won't buy you happiness....but I have never been in a situation where more money made things worse!0
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Anyone who claims to be able to get 4% above the market average is a charlatan. What average are we talking about?
To answer your question we need more info like how is your money invested; what funds do you own? what are the fees?“So we beat on, boats against the current, borne back ceaselessly into the past.”0 -
It's only increased by 2% a year.
That is an averaged return over 30 months. Invesments are not like that though. They zig zag.s this good in the current market.
The current market is the current market. It isnt the market 12 months ago or 18 months ago or any other historic point.It was taken out on the basis the investment company were getting returns 4% above the market average
Is that because they took more risk?
It is quite normal to see returns higher than the market average. Unlike bostonerimus I am not concerned about that bit. However, October to December saw a 16% loss on average. So, that period would have impacted on the averaged returns. But Oct to Dec is not the current market
Also, 4% above market average could still result in a loss.
Are you paying for the investment company to provide advice or an IFA? They will be able to answer your questions as you are paying them to do so.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 -
Unlike bostonerimus I am not concerned about that bit.
On re-reading the OP I see that I over reacted a bit with the "charlatan" comment. I read it as promising 4% above the "average market" rather than the fund being chosen because it was currently returning 4% more than the average. Of course the question is, what average is that?“So we beat on, boats against the current, borne back ceaselessly into the past.”0 -
which fund(s) or trust are you in?0
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