We’d like to remind Forumites to please avoid political debate on the Forum.
This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
The Forum now has a brand new text editor, adding a bunch of handy features to use when creating posts. Read more in our how-to guide
Best performing SIPPs
rade84a
Posts: 10 Forumite
Hello
I am lucky enough to have an employer DB/CARE pension (we will see how much longer this lasts....) however I have recently found two DC pension pots from contract work I did prior to working in my current role. They value doesn’t amount to much - between £5 and 10k, but they have been sitting in their respective pots without any active investment decisions for over 10 years now.
I was wondering where I could find some good information on the best performing SIPP funds so I can transfer them into a better investment.
I would be grateful for any suggestions.
Many thanks
I am lucky enough to have an employer DB/CARE pension (we will see how much longer this lasts....) however I have recently found two DC pension pots from contract work I did prior to working in my current role. They value doesn’t amount to much - between £5 and 10k, but they have been sitting in their respective pots without any active investment decisions for over 10 years now.
I was wondering where I could find some good information on the best performing SIPP funds so I can transfer them into a better investment.
I would be grateful for any suggestions.
Many thanks
0
Comments
-
SIPPs are just wrappers. Inside you can choose funds or shares, (bad idea) or ETFs etc. Just because they haven't been actively managed where they are does not mean that they are in the wrong place.
You need to do some research - what are they invested in right now and what are the charges? Until you know that you should not be thinking about changing anything.I’m a Senior Forum Ambassador and I support the Forum Team on the Pensions, Annuities & Retirement Planning, Loans
& Credit Cards boards. If you need any help on these boards, do let me know. Please note that Ambassadors are not moderators. Any posts you spot in breach of the Forum Rules should be reported via the report button, or by emailing forumteam@moneysavingexpert.com.
All views are my own and not the official line of MoneySavingExpert.0 -
Investing isnt a matter of finding the best performing funds. The problem is that the funds that perform well in good times tend to perform poorly in bad times. How would you feel if your red-hot fund dropped 60% in the next stock market crash? OK it would almost cetainly rise again but would you have the nerve to stay invested until it did? Many people would sell after a large fall and turn a temporary loss into a permanent one.
You may be better advised to invest in a fund that avoids the excitements. The best funds for that purpose are the multi-asset funds that invest in a very wide range of different things, some of which will perform relatively well during a crash.0 -
Best performing SIPPs
SIPPs do not perform. they are just an administration platform for investments you hold. And SIPPs can hold almost 30,000 different conventional investments as well as many unconventional. The variation of options is near infinite.
So, your question cannot be answered.0
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 354.2K Banking & Borrowing
- 254.3K Reduce Debt & Boost Income
- 455.3K Spending & Discounts
- 247.1K Work, Benefits & Business
- 603.8K Mortgages, Homes & Bills
- 178.4K Life & Family
- 261.3K Travel & Transport
- 1.5M Hobbies & Leisure
- 16.1K Discuss & Feedback
- 37.7K Read-Only Boards
