Help Please

slinkydonkey

Please, can someone advise of their opinions of these funds?

https://www20.landg.com/DocumentLibraryWeb/Document?lgrouter=CommApp&targetApp=MANAGEYOURSCHEME_DOCUMENTLIBRARY_ENTRY&reference=W12460_LLAQ.pdf

http://www.fundslibrary.co.uk/fundslibrary.dataretrieval/documents.aspx/?user=ed6EZC8EJvB2hpGCjdY9kb8cONaSZjHV80RQ5%2bTKKHc%3d&type=packet_lp_fund_unit_doc_factsheet&Sedol=B24CC10&r=1

https://uk.standardlifeinvestments.com/SL_P_Managed.pdf

Is there some kind of online service where I can move all my pensions into and select a filter to show the best performing funds?

I had an IFA come over and he was showing as app on his MAC that was apparently only for use by IFAs

Cheers

Marcon

'Best performing' can only ever be a transient measure based on past performance. You have also said nothing about your attitude to risk (and bear in mind there is more than one sort), but the general rule is that if you are looking for higher returns, you need to take higher levels of risk. Without knowing your risk appetite, any comments on the funds you've linked to are pretty pointless.

slinkydonkey

Well, I am only 40 so have another 25years to invest. So I would consider taking more risks !
I remember my IFA recommended a Vanguard Fund (a non managed one as he said these are better). I am considering getting a Scotish Windows account have you used them before?

As you can tell I am very green to the world of finance.

dunstonh

lease, can someone advise of their opinions of these funds?

First two I cannot tell as L&G are down for service. But they are L&G insured funds I think. So, no thanks for them. The third is not great. Ok if its a workplace pension and you dont know what you are doing.

I am considering getting a Scotish Windows account have you used them before?

A once proud and reliable name with decent products. Now starved of money by Lloyds Bank. Probably not long left before they get sold off to Phoenix and destined for the history books. Especially now Lloyds has signed up with Blackrock to introduce a new limited advice service into branches.

SW is really only good for workplace schemes nowadays.

slinkydonkey

Thanks for your advice so far.
so it seems I have a few options

1) I leave all my pensions where they are and bury my head in the sand (a bit like what I have done for the past 20 years !)

2) I have seen an IFA and he wants 3% of my pension then 1% moving forward. (My parents have an IFA who offers 3% and 0.5 a year)

3) I use one of the many Robo Advisoers as they are covered up to 50,000 ( I have about ** and I am 40) (This just seems like a good idea as I don't work in Finance or really understand which are good funds or not). I do also have an old final salary pension of about 18k which I plan to leave.

4) I I use the advise of Which.co.uk and strart my own SIPP which a recomended provider (AJ Bell) and I split my investments into funds which have been given a Gold Rating on MorningStar.
*For example http://www.morningstar.co.uk/uk/funds/snapshot/snapshot.aspx?id=F00000MLUQ

What would be wrong with option 4? I guess any option has its risks and knowbody has a cristal ball.

Something my IFA said was that their has been a lot of research to say that managed funds often do not do as well as passive funds over the years. He named a famous fund manger who lost alot of money.

Cheers

OldMusicGuy

You are headed in the right direction, but you missed option 5, which is to do more reading yourself. These books are popular here (I found them very useful): "Investing Demystified" by Lars Kroijer, "DIY Pensions: A Simple Guide to Pensions, SIPPs & Retirement Planning" and "DIY Simple Investing: A Guide to Simple but Effective Low Cost Investing", both by John Edwards.

I think if you learned a bit more you would be able to make an informed decision yourself about the way forward. You are thinking about the right aspects, and as you say, burying your head in the sand is not really the way to go.

Albermarle

I use one of the many Robo Advisoers as they are covered up to 50,000 (

Are you clear what this £50K relates to ?
It does not cover ANY investment losses at all .
It is there is case the advisor/broker either runs off with your money /fraud/ advising you to invest in totally inappropriate investments for your personal profile and risk appetite.
If the advice is sound but then the day after you invest the markets drop 50% you can not claim any compensation.
This applies to all advisors/brokers not just Robo advice,

slinkydonkey

Yes, I am aware

slinkydonkey

Quick Question I am opening up a SIPP with AJ Bell and one of the questions is "How many deals will you carry out in your SIPP each year" is this saying how many times will you swap funds?

Albermarle

A deal could be switching funds or buying shares or buying ETF's/IT's

slinkydonkey

Also what does "Entirely in Drawdown" and " Partially in Drawdown" and "Not in Drawdown" mean? thanks in Advance