Fidelity: stay, change, or move?

Albermarle

and the new Fidelity fund has indeed been growing but it has not yet managed to break even on poor performance of Scottish Widows?

It all depends on the type of fund that the SW pension was invested in but it does seem to be a possible reason for the loss .
Regarding the FSCS issue . For a traditional pension insurer like SW , you have 100% cover with no limit
With a SIPP provider , like Fidelity or II , you have only £50K cover ( due to increase to £85K around now) .
However in both cases it does not cover normal investment loss , only loss due to fraud , platform collapse.etc
The risk of this is seen as minimal especially as your money is not normally actually with the pension provider/platform anyway .

LHW99

Ideally you hope to be paying in regularly, so that when the market goes down, your investment buys a larger number of units - "pound cost averaging". But you say you had stopped contributing mid 2017, so the units you had then dropped in value (particularly in 2018 I suspect), but you didn't increase the number of units held when they were cheaper, so the units you do have need to increase proportionally more to "catch up".

Alexland

Albermarle wrote: »

With a SIPP provider , like Fidelity or II , you have only £50K cover ( due to increase to £85K around now).

The £85k increase applies to failures occurring after 1st April 2019
https://www.fscs.org.uk/what-we-cover/investments/

While everything should be fine if the company has been segregating assets, buying the underlying investments, etc it would provide some protection in the event of fraud. While I am comfortable going over the limit I wouldn't be happy having too high a percentage of my net worth with one platform or fund manager. This might cost me a little bit more in fees but I am already very low cost so its marginal.

Alex