Scottish Widows Funds

Starbrite

My private Pension is with Scottish widows and I have noticed that two funds aren't doing very well


In particular SW InvP High Income was -14.83% between 2018 - 2019


Do I just leave money in each fund or move to a better performance fund? I understand there are risks no one knows how the market will perform etc



I realise these things go up and well as down and it is a marathon not a sprint...



Just wanting the max for my buck like everyone else does

kev2009

Couldn't advise on funds but don't forget to account to any changes in charges (AMC) if you switch funds.

Kev

fronty

InvP High Income is mainly invested in the UK and has not performed very well recently:

https://www.trustnet.com/factsheets/p/sj56/sw-invesco-perpetual-high-income-pension

I used to invest in this fund myself but dropped it after Neil Woodford left. But that doesn't help you.

It's hard to make any suggestions because the rest of your portfolio might be invested globally, and we don't know what percentage is in the UK. I think it's good to have some exposure to the UK market, especially if Boris magically sorts everything out and the economy rebounds (joke).

In my ISA I have "CFP SDL UK Buffettology (Inc)" which has a good track record over 5 years but it has quite high fees, if you want to keep the fees in line with what you have been paying you could take a look at the Lindsell Train UK equity fund. These are just suggestions though, both funds are rated poorly over the last couple quarters so I think they're only really suitable for long term investors.

I'm not in any way qualified, just another punter, so please DYOR.

fronty

Of course, SW may not even offer these funds via their platform, so you may have to do some digging and find out what other UK funds you can switch to.

kinger101

The fund as been underperforming for some time, but one can't predict how it will do in the future. It's not one I'd choose to hold, but it seems they're investing in what they are supposed to.

https://www.trustnet.com/factsheets/n/sj55/sw-invesco-perpetual-high-income

The question you need to ask yourself is what level of diversification you want, and do your holdings achieve this. High-dividend UK equities is a narrow remit in itself.

My gripe with SW (where my work pension is) is that the offering is limited, and there aren't any low cost trackers available (just pseudotrackers with high AMCs).

Are you with SW by choice, or is it a work pension?

Zola.

I also have a SW pension through work... this is our one:

https://documents.feprecisionplus.com/Factsheet/SWPOC/FS/QG30_SCD.pdf

PS you can change your investment strategy if you login to the website.

AnotherJoe

I wouldnt have a high income fund in my pension unless i was drawing down. Theres often (usually?always?) a big compromise to get that high income.

kinger101

Zola. wrote: »

I also have a SW pension through work... this is our one:

https://documents.feprecisionplus.com/Factsheet/SWPOC/FS/QG30_SCD.pdf

PS you can change your investment strategy if you login to the website.

I suspect OP might have already changed from defaults, as the fund you posted is a typical default for an employer's scheme.

JohnWinder

Wanting the max for your buck is reasonable, especially as you’re allowing everyone else to also. Or are you thinking you should get more than others? No, I don’t think you mean that; you just want as much as is possible, and others to get that too.
You’re just identified that you want low cost funds that track good indexes, reliably. They’ll give you as much as the market has to give, the max, allowing others to get the same.
There are plenty out there; what’s holding you up?