L&G Pension Funds

JoeLowe

Afternoon,

I’m looking at pension funds with L&G and wondered if anyone could highlight some decent performing funds.

I’m 38 with a pot of around £100k and want to go with something to boost this.

dunstonh

I’m looking at pension funds with L&G and wondered if anyone could highlight some decent performing funds.

L&G have many different pension funds and not all of their funds are available on all versions.

Plus, picking best past performing funds with no context is bad quality investing. It will likely result in lower returns in future. e.g. the sector that is top performing in one cycle is rarely the top performer in the next cycle and is often near the bottom in the next cycle.

US equity has been the best area in this cycle but underperformed in the previous. There are some that pick the bad areas in the current cycle with a view they will be better in the next.

However, given your lack of knowledge on investing, you should stick to their multi-asset funds. These invest in all the areas with amounts based on your risk profile. You pension will have several of these to cover different risk profiles that suit you.

JoeLowe

Do you mean Lifestyle funds by multi-asset funds?


I've looked at these are L&G don't make it easy to identify the risk factors.

MallyGirl

multi asset means a mix of equity, cash, bonds, property, ...

Lifestyle usually means funds which decrease the percentage of equity as target (retirement) date is approached

https://www.legalandgeneral.com/investments/funds/full-fund-range/multi-asset/

the multi index 3/4/5/6/7 all have details about risk associated

JoeLowe

To be honest, even that's gone over my head.

JoeCrystal

JoeLowe wrote: »

To be honest, even that's gone over my head.

You could always see an IFA to get a piece of proper financial advice.

JoeLowe

JoeCrystal wrote: »

You could always see an IFA to get a piece of proper financial advice.

Already on it - using Unbiased.


Seems very expensive though

MallyGirl

If you try to do it yourself and get it wrong due to lack of knowledge then that could be much more expensive.

Do you have to use L&G?

JoeLowe

MallyGirl wrote: »

If you try to do it yourself and get it wrong due to lack of knowledge then that could be much more expensive.

Do you have to use L&G?

I assume so, as that's the scheme offered through my work.

JoeCrystal

JoeLowe wrote: »

Already on it - using Unbiased.


Seems very expensive though

Use AdviserBook; you can select Confirmed Independent Status to make sure you are seeing an IFA. You can shop around, see at least two or three to get a feel of them and see what they charge. It only cost me £300 a few years ago to review my pension scheme, worth every penny.

MallyGirl

JoeLowe wrote: »

To be honest, even that's gone over my head.

try reading the following intro books by John Edwards:
DIY Simple Investing: A Guide to Simple but Effective Low Cost Investing
DIY Pensions: A Simple Guide to Pensions, SIPPs & Retirement Planning
both free on kindle unlimited which often has a free 'try for a month'.

Then you need to see which funds are available in your company pension, work out what level of risk you are comfortable with (loads of online questionnaires for this if you don't want to pay for advice) and then choose the fund(s) to match that risk level.