IFA Advises Pension Move to True Potential : Thoughts Please?

cfw1994

GSP said:

cfw1994 said:

GSP said:

cfw1994 said:

ZingPowZing said:

cfw1994 said:

Taken X out in 3 tranches which left Y of the original, back to approx Y+(3/5)X...not quite so ballsy, but not too shabby

I’ve mentioned the funds previously here: split 4 ways equally between an international fund, a US fund (I’m a worker in and believer of tech funds, which has certainly given the boost to my numbers), an Aviva “pre-retirement fixed income” which has done surprisingly well and some gilts.  I don’t see me doing much to those when I enter the decumulation phase....

I don't think there  is any "maybe" about GSPs funds having done well so far under the management of his IFA.
Better to have a lucky general than a brilliant general.

Just as a matter of interest cfw1994, you mention an equal four-way split maintained (presumably) by periodic rebalancing. What difference has that made to the total value over four + years?

I've not worried too much about rebalancing.  As a wiser one here once said, "I don't rebalance it generally I just let them run and would only rebalance if they really got out of whack".   Right now, I can see the split ranges from 22.5% to 27.8% - those US/International funds are pulling away.   
I might rebalance that in a month or two, but another option is to let the winners run on......
I have tweaked & adjusted the funds a few times over the years, including shifting the % stored, & that may continue. 
Actually, one advantage I see in our Aviva work scheme is that we 'only' have about 80 funds to chose from.   Makes it that bit easier to look at fact sheets.  & yes, to any financial advisors, I know fact sheets are not the whole story....but they are, IMHO, a decent part of it....

Sorry, just while we are at this bit, a question. These funds, only started looking at these. Some have fund start dates going back a decade or more. With all the funds knocking around, is it just possible some sort of run their course without much attention paid to and they gradually lose a lot of money before they are pulled. Can they be pulled? All I am saying is how can you be confident your fund is being run to its ‘full potential’. Could be these fund managers have their fingers in a few pies, or just give more attention to those funds that are more lucrative to them perhaps?

I'm sure funds can be pulled....but when you realise many are managing several hundred million £££s, you start to see they are big business for <Blackrock/Bailie Gifford/etc>.   More often than not, one fund will have a team of fund managers working on it, especially the larger funds.
Sure, fund managers will move around - they are all humans, eh! -  but as you may have gleaned from Lars, it is very VERY unlikely you will get the brilliant fund manager for multiple years.   Followers of Lindsell Train or Woodford are examples where you could get lucky....or could get caught out (respectively!).   I am sure there are many here who have done very well out of some of those, & as I intimated above, whilst I like the Lars approach of "buy the world, as cheaply as you can", I also personally like a bit of a punt with some of the funds - hence my American selection.   Not entirely at odds with what he says, but each to their own!
Does one fund manager take part in many fund "pies", as you suggest?   I have no idea.  Maybe....
Maybe you should look into "fund of funds" options.

The more I read into this, the more uncomfortable I become. Different approaches, punts, could get lucky or not?

You're right: stick with an IFA, much more comforting for you!
Hopefully they won't take a punt on anything, and you will continue to get lucky