Looking to review holdings

fjh

Looking to review my holdings value is over 600k want a cautious plan, looking to start drawdown in 3 years, aim min maintenance , and ideally reduce fees - may even go to annual IFA review for say 2 years rather than pay .5% fee ongoing .
Thinking of more ‘trackers’ ? But want to stay min 60% very safe.
Welcome thoughts/ comments & reasons .
Thanks

GBP
BMO MM Navigator Cautious C Acc 6.24%
Jupiter Merlin Income Portfolio I Acc 5.82%
Quilter Investors Cirilium Balanced Portfolio R Acc GBP 5.59%
Quilter Investors Cirilium Conservative Portfolio R Acc GBP 5.60%
Threadneedle Managed Equity & Bond ZNA GBP 5.79%
Vanguard LifeStrategy 40% Equity A Acc 5.94%
Total 34.98%
Pension Funds
Pru PruFund Cautious Fund Pn Ser A 16.06%
Pru PruFund Growth Fund Pn Ser A 48.96%

kinger101

I presume you mean 40% equities - funds are usually quoted with the equities element first, so you'd want a 40/60 allocation.

It looks like you're already under the 40% equities from that. I'd caution against going much lower. You'll not be drawing on some of your pension for decades (hopefully). If you have too much in fixed interest, there's a risk of inflation eroding value.

In my mind, 40/60 with an additional 2-3 year cash buffer (so you don't have to draw on funds in bad years) would seem conservative.

VLS40 which you already hold would be low cost and diversified. Mix it with a bit of VLS20 to get the percentage you want.

Albermarle

In my mind, 40/60 with an additional 2-3 year cash buffer (so you don't have to draw on funds in bad years) would seem conservative.

Yes conservative but not over cautious at the current time in my view, considering the market gains over the last few years.. Others would differ though.
Maybe the OP ( being close to retirement ) could have a look at a couple of defensive investment trusts, which are often mentioned on this forum . Capital Gearing & Personal Assets.

fjh

Thank you for replies and thoughts.
Anything you would look at from my holdings to move Out of ? If yes , why ?
Thanks

kinger101

I'd say the Prudential funds you currently hold broadly meet your objectives, and seem globally diversified.

cfw1994

You sound like a Vanguard 40 would be your ideal home.....why would you even need an IFA to manage that for you!?

But as others say, the Pru funds look reasonable...but if you want to simplify, you know what to do!!

[Deleted User]

The logic of having this mix of seemingly overlapping funds in these percentages isn’t obvious. Suggest you first specify what assets you want to hold and why

Linton

I have put your portfolio into Morningstar. Sadly the Prufunds provide insufficient data to get your asset allocatrion, I believe these are With Profits. However over the past 10 years your portfolio has provided an impressively steady average annual return of 7.4% though this has dropped to 6.5% annually over the past 3 years. That looks like a good return for a cautious portfolio.


What is clear from the graphs is that you have more funds than you need - you could merge some of your similar holdings with minimal effect on performance.


Provided you are not aiming for a particularly high % draw down I see no problem with continuing to hold the same portfolio during retirement. Personally I would go for something a more adventurous, but that's up to your risk acceptance.

fjh

Deleted_User wrote: »

The logic of having this mix of seemingly overlapping funds in these percentages isn’t obvious. Suggest you first specify what assets you want to hold and why

The holdings all put together by IFA
My risk remains low but I have been disappointed with Pru against ‘promise’ of around 6% growth by IFA the other one I am unsure On is the BMO Navigator.
Ideally would like to arrange holdings so don’t need to pay .5% ongoing , been invested since July 18 and charges have had significant impact on me.

fjh

Linton wrote: »

I have put your portfolio into Morningstar. Sadly the Prufunds provide insufficient data to get your asset allocatrion, I believe these are With Profits. However over the past 10 years your portfolio has provided an impressively steady average annual return of 7.4% though this has dropped to 6.5% annually over the past 3 years. That looks like a good return for a cautious portfolio.


What is clear from the graphs is that you have more funds than you need - you could merge some of your similar holdings with minimal effect on performance.

Provided you are not aiming for a particularly high % draw down I see no problem with continuing to hold the same portfolio during retirement. Personally I would go for something a more adventurous, but that's up to your risk acceptance.

Thank you .
I would be pleased if I could draw 3% pa which I hope is attainable .

SonOf

The cirillium funds are not ones that are typically used by IFAs. They are designed to be used by agents of the Intrinsic network of FAs. Most, if not all IFAs would not go near them. Are some or all of these held on the Old Mutual Wealth platform by any chance (Intrinsic, Cirrilium and OMW platform are all part of the same group - All of those funds held are on the Instrinic restricted panel).