Managing pension investments during retirement

Linton

Deleted_User said:

Is it just me or is “wealth preservation” an incredibly irritating marketing gimmick? 

Also, any asset with allocation < 5% of the total is kinda meaningless in terms of an overall portfolio.   If an asset with 4% outperforms the rest of your portfolio, the grand total will hardly notice the difference. Even anything under 10% makes me wonder “why bother”? 

On the contrary, ISTM that Wealth Preservation is a very good name as it make the primary objective of the fund clear to both the manager and to the customer. One very useful outcome of this is that, unlike funds in the Absolute Return sector, there is no pressure to achieve a top rank in the performance tables. WP funds that compromise their primary remit are easily identified and can be avoided. 

I agree that any allocation below 5% in a fund based portfolio is not worth the time and effort required to manage it.  

Moe_The_Bartender

I hold CGT and PNL as Wealth Preservation. They account for about half my SIPP portfolio and do just what it says on the tin. Their OEIC counterparts are CG Absolute Return and Troy Trojan. Absolute Return funds in general are pretty useless the aforementioned being an exception.

Albermarle

This is probably not a good strategy for windows and orphans.

I did not know WINDOWS had investment strategies 

Seriously though the OP's portfolio is somewhat  over aggressive/risky for the typical investor in retirement , especially with only one year in cash. Also depends whether LTA is a factor or nor, because if it is , then not much point gunning for growth so aggressively .

peterg1965

May I ask what other 'wealth preservation' funds people use in their drawdown portfolios?
Ive picked up Troy Trojan inclusive, CG Absolute Return, PNL (I don't know what this one is), any others?  Would like to a little research on some of these funds.

Albermarle

PNL is Personal Assets Trust https://www.trustnet.com/factsheets/t/im46/personal-assets-trust-plc-ord
Also Capital Gearing Trust https://www.trustnet.com/factsheets/t/cc33/capital-gearing-trust-plc
Both are Investment trusts .

Linton

peterg1965 said:

May I ask what other 'wealth preservation' funds people use in their drawdown portfolios?
Ive picked up Troy Trojan inclusive, CG Absolute Return, PNL (I don't know what this one is), any others?  Would like to a little research on some of these funds.

PNL is Personal Assets Trust.
I think you have basically got what is available with an explicit WP focus.  Normally I would be wary of anything labelled Absolute Return but CG Absolute Return has a very similar performance to the Capital Gearing IT with the latter being a little more volatile in the very short term, presumably due to variation in the premium/discount. However CG AR has only been around for 4 years so I will stay with the well established IT.
RIT (RCP) is sometimes regarded as a wealth preservation fund as WP is included in its remit.  However its poor performance during COVID has shown that it really is very different. Exactly why is unclear as its holdings are not transparent, its major investments being very obscure funds or unlisted.  I am moving out of RIT.

quirkydeptless

peterg1965 said:

May I ask what other 'wealth preservation' funds people use in their drawdown portfolios?
Ive picked up Troy Trojan inclusive, CG Absolute Return, PNL (I don't know what this one is), any others?  Would like to a little research on some of these funds.

N.B. You don't want

Troy Trojan Inclusive - Class I

You want

Troy Trojan (Class X) Class X

Note there is also a

Troy Trojan Ethical Class X

Linton

quirkydeptless said:

peterg1965 said:

May I ask what other 'wealth preservation' funds people use in their drawdown portfolios?
Ive picked up Troy Trojan inclusive, CG Absolute Return, PNL (I don't know what this one is), any others?  Would like to a little research on some of these funds.

N.B. You don't want

Troy Trojan Inclusive - Class I

You want

Troy Trojan (Class X) Class X

Note there is also a

Troy Trojan Ethical Class X

Thanks, I had never heard of "Troy Trojan Inclusive".  Neither it seems have morningstar or trustnet.  From Google it aopears to be only available with H-L.  Troy Trojan can be available in the O or X class depending on the platform.

Reluctantpensioner

If you look up "Troy Trojan Inclusive - Class I" on HL it shows GB00B05KY352. OCF 1.52%. 
Which is the ISIN for Trojan I Acc on Morningstar and Trustnet. 
Class X OCF is 0.87%.

Audaxer

Deleted_User said:

I am in exactly the same position as the OP, retiring November, I keep refining the strategy and hopefully I have found the right balance
I don't use percentages but years of spending, so mine are
1 year cash
5 years bonds (VAGP and Royal London Short Duration Index Linked) and wealth preservation (MyMap3, PNL, CGT)
1 year mixed asset (wife's pension)
the rest growth 

With that strategy is it your intention to regularly top up the cash and bonds funds from the growth funds, once you have spent them?