Pension conundrum

blinko

hi all i was hoping for some advice.

I have a few pension pots scattered all over the place and would like to ideally put them in one place where it's a lot easier for me to keep my eye on them

I was thinking of going with the vanguard class, could anyone recommend a particular fund. I'm expected to retire in 30 years time

Thank you

xylophone

https://monevator.com/using-vanguard-lifestrategy-funds-life/

https://moneytothemasses.com/saving-for-your-future/investing/vanguard-investor-uk-review-is-it-the-best-in-the-market

I have a few pension pots scattered all over the place and would like to ideally put them in one place where it's a lot easier for me to keep my eye on them

Do any of them have "safeguarded benefits" valued at greater than £30,000?

https://assets.publishing.service.gov.uk/government/uploads/system/uploads/attachment_data/file/495377/pension-benefits-with-a-guarantee-factsheet-jan-2016.pdf

El_Torro

If you want to go with Vanguard and are due to retire in 30 years I'd go with the Vanguard LifeStrategy 80 or Vanguard LifeStrategy 100. As long as you're happy with the volatility that comes with these funds. VLS 60 is lower volatility, though the growth over the 30 year period will be less than if you had gone with a fund with more equities.

Having said that Vanguard isn't the be all and end all of long term investing. You can go with other fund managers that also do multi asset global funds.

You could even build your own portfolio of funds, though judging by your post it doesn't look like you want (or need) that.

blinko

Hi thanks for the reply unfortunately not, they are low value too pot 1 £400 another pot 2 £5k and pot 3 £160.

nice idea ot build my own and I would've been up for it unfortunately health deteriatorating means I'm quite happy probably just to accept whatever comes my way, although the ride is quite fun (investing) im ideally looking for something to file and forget and then hopefully in 30 years or if i don't make it that far will be something a little more for my daughter:money:

it is possible to leave my undrawn pension to my daughter right im pretty sure it forms part of my estate

Alexland

Although you might like the sound of Vanguard funds you cannot get a pension directly with the Vanguard Investor platform yet. As such you would need to buy the fund in a SIPP wrapper such as a Cavendish SIPP who charge an extra 0.25% on top of the fund fees.

https://www.cavendishonline.co.uk/fundsupermarket-pension

However if you are looking for a simpler 'fire and forget' solution then something like the Aviva stakeholder pension might be more suitable - again available via Cavendish

https://www.cavendishonline.co.uk/stakeholder-pension

Alternatively just consolidate into the best of the 3 you already have.

If you want your daughter to benefit from your pension if you dont draw it then make sure you nominate her on the application form.

Alex

Albermarle

it is possible to leave my undrawn pension to my daughter right im pretty sure it forms part of my estate

Although I appreciate you have health issues and want to leave something for your daughter , do not lose sight of the fact that the idea of a pension , and the tax breaks that come with it, is to provide you with a better standard of living when you are older .
In any case it has to be said that even with 30 years to go , the amounts you have so far could be bigger and hopefully it will be possible for you /your employer to pay more contributions in future

blinko

What do people think about these new blackrock vanugard compeititor funds

https://www.telegraph.co.uk/investing/funds/blackrock-launches-rival-vanguard-lifestrategy-funds-should/amp/

they would be awesome if i could easily invest in them

Alexland

Personally I prefer fixed allocation over trusting the fund manager to fiddle around too much.

Anyway MyMap was already discussed on the below thread:
https://forums.moneysavingexpert.com/discussion/6006982/blackrock-launches-rival-to-vanguard-lifestrategy-funds

Alex

blinko

good point, i wonder though as the funds fees are so low will they evn do much, probably a closet index tracker :j:j haha

xylophone

You are currently contributing to a workplace pension?

Will it accept transfers in?

Thrugelmir

blinko wrote: »

What do people think about these new blackrock vanugard compeititor funds

https://www.telegraph.co.uk/investing/funds/blackrock-launches-rival-vanguard-lifestrategy-funds-should/amp/

they would be awesome if i could easily invest in them

If you cannot afford to risk any of the capital held in your pension pots. Then a safe place to achieve an average market return.