Pensionbee, something smells fishy

cat3appr

Hello,
I've been in Pensionbee from the beginning of the year and I'm trying to find the actual and detailed graphs of their funds, I couldn't find anything in trustnet.com/ , I couldn't find anything anywhere. Seems the only way to track what's going on with their fund is to rely on the micro unprofessional graphs they have in their app?

Recently I started to be suspicious because about 2 weeks ago I switched plan from a 100% equities to a 100% fixed income, due to the recent market corrections which IMO will lead to a larger correction downwards.

Anyways, inexplicably, my 100% fixed income plan lost 1.3% in just a few days, according to the amounts that I see written on my app, and that's simply not possible. Bonds have an inverse correlation to equities, so if recently the markets headed south I shouldn't see a direct correlation on my fixed income fund. I don't expect to go up but definitely not down 1.3% !!
The only explanation is that I am still full invested in equities even though they confirmed i am in the fixed income fund.
Problem is, I cannot prove it ...

any input is welcome!

MallyGirl

did they take charges for the switch from the fund?

ColdIron

cat3appr wrote: »

Anyways, inexplicably, my 100% fixed income plan lost 1.3% in just a few days, according to the amounts that I see written on my app, and that's simply not possible

Entirely possible I'm afraid

Bonds have an inverse correlation to equities

Sometimes they do, sometimes they don't. High yield bonds are very correlated with equity and even sovereign debt can't be relied upon since quantitative easing

dunstonh

Anyways, inexplicably, my 100% fixed income plan lost 1.3% in just a few days

Why is that inexplicable?

For example, index linked gilts fell 5% in April. Gilts have been quite volatile with anything between 2-5% movements daily.

. Bonds have an inverse correlation to equities, so if recently the markets headed south I shouldn't see a direct correlation on my fixed income fund.

Not quite.

The only explanation is that I am still full invested in equities even though they confirmed i am in the fixed income fund.

Or the underlying investments went down in that period.

, I couldn't find anything in trustnet.com/ , I couldn't find anything anywhere.

You wouldnt as you are not invested in a fund.

Linton

Looking at the PensionBee website the only relevent investment seems to be their "Preserve Plan". Is that the one you used? If so the detailed performance data for the "SSga Liquidity" pension fund, which is what the Preserve Plan seems to be, shows very little change over time. It only returns less than 0.1% a month and is very stable. 1.3% would be a very l;arge blip on the graph.



Has anything else happened - eg charges been taken?


It would seem to be essentially a cash and short maturity bond fund, not one that invests in bonds generally.

beamyup

If you want to speculate on the market like this, then you should use a different platform provider obviously! Pensionbee is a great company for customer service IMO, however you are limited to a handful of funds.

However, your lack of knowledge on how markets operate shows in your post. You probably do not want to be speculating like this.