small pension fund

LordNelson_2

I feel my fund is to small for an IFA, yet there is no other advice.
I think it would be beneficial if the government would let companies advise on funds of £100,000 or less but they do not.
So where do you go for advice?

OldMusicGuy

Read these books:

DIY Pensions: A Simple Guide to Pensions, SIPPs & Retirement Planning by John Edwards
DIY Simple Investing: A Guide to Simple but Effective Low Cost Investing by John Edwards
Investing Demystified by Lars Kroijer

Spend some time on the Monevator website (https://www.monevator.com). Also, get your free appointment with Pension Wise if you are over 50. They will not give you advice but will explain the options you have for taking your pensions, which can be worth talking through with someone.

However, the most important things you can do are to sit down and think about how you will fund your retirement and what role your DC fund plays in that. Will it be used to augment other pension income for ad hoc expenses, or do you need it to form part of your regular income? How much do you need it to grow before you retire to achieve your objectives?

These are important questions to answer before you decide what to do with it.

Also, presumably it must be sitting in a pension somewhere now. How did you choose the investments that it is currently in? Or were they just default options in a workplace scheme?

xylophone

Have you obtained a state pension forecast?

https://www.gov.uk/check-state-pension

Dox

LordNelson wrote: »

I think it would be beneficial if the government would let companies advise on funds of £100,000 or less but they do not.
So where do you go for advice?

Why do you think an asset of £100,000 isn't worth spending some money on IFA fees? Doesn't have to be ongoing advice - you can always ask on an ad hoc basis. It's your asset; you need to pay to maximise the benefit you will derive from it.

Regulation is there to protect individuals. Letting companies advise on funds of £100,000 or less would be massively expensive and risky for them - and open them up to potential claims (which an individual can make without cost to themself) for a long period of time.

Bear in mind that many people don't actually need advice; just clear information. Plenty of that available, as a poster above has helpfully spelt out for you.

Albermarle

Also some of the pension providers have quite a lot of good guidance info on their websites and will be happy to offer general guidance by phone - but not personalised advice