We’d like to remind Forumites to please avoid political debate on the Forum.
This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
The Forum now has a brand new text editor, adding a bunch of handy features to use when creating posts. Read more in our how-to guide
collective retirement account
pas4321
Posts: 1 Newbie
Hi I've just gone 55 and I'm currently moving my pension into a CRA .
I have to select my fund choice.
I'm looking for a fund which is low risk. BLACKROCK CASH U2 seems ideal. Low risk and we can then draw money (. Flexi ) as and when I need to. Any suggestions on any other funds which may be even less risk?
I have to select my fund choice.
I'm looking for a fund which is low risk. BLACKROCK CASH U2 seems ideal. Low risk and we can then draw money (. Flexi ) as and when I need to. Any suggestions on any other funds which may be even less risk?
0
Comments
-
Hi I've just gone 55 and I'm currently moving my pension into a CRA .
CRA is a marketing name for the Old Mutual Wealth Platform's personal pension.I'm looking for a fund which is low risk. BLACKROCK CASH U2 seems ideal. Low risk and we can then draw money (. Flexi ) as and when I need to.
A fund aimed at people wanting a short term out from the markets. Typically for those drawing money within the next 12 months.
Depends on what risk you are talking about. If you are not drawing ALL of the money from the pension in the short term, then you are replacing investment risk with shortfall risk and inflation risk.Any suggestions on any other funds which may be even less risk?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
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 353.8K Banking & Borrowing
- 254.3K Reduce Debt & Boost Income
- 455.2K Spending & Discounts
- 246.9K Work, Benefits & Business
- 603.4K Mortgages, Homes & Bills
- 178.3K Life & Family
- 261K Travel & Transport
- 1.5M Hobbies & Leisure
- 16K Discuss & Feedback
- 37.7K Read-Only Boards