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Aviva My Money Pension Fund Choice

Muhren
Posts: 1,703 Forumite


My current workplace pension is with Aviva My Money and is invested in My Future Growth S0. I am coming up to 38, so still have around 20 years until I will take my pension. I am looking to move to a different fund, one that is more equity based in the hope that over this period I will maximise the returns. Having a look through their funds, would their BlackRock World ex UK Equity Index Tracker fit the bill for this?
LBM: Dec 2012 - Debt £38,180/ Now £0.
DFD - 17/04/2016
DFD - 17/04/2016
Gambling: The sure way of getting nothing from something.
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Comments
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Having a look through their funds, would their BlackRock World ex UK Equity Index Tracker fit the bill for this?
You would need another fund as well to cover the UK but apart from that, it achieves your objective.
I am an Independent Financial Adviser (IFA). The comments I make are just my opinion and are for discussion purposes only. They are not financial advice and you should not treat them as such. If you feel an area discussed may be relevant to you, then please seek advice from an Independent Financial Adviser local to you.1 -
Better if you could post some details from the fact sheet.
It is not normal to have no UK % . Although there are plenty of different opinions on the correct weighting for UK in a portfolio , zero is not usually one of them.1 -
Thank you both, I couldn't see one which covered both a global and and UK in one fund. It that case I assume I could then just split my current pot 50/50 (or other % split) as well as future contributions, into two different funds?
Hopefully these links will work to the factsheets - https://www.fundslibrary.co.uk/fundslibrary.dataretrieval/documents.aspx/?user=8sx88UujuqttLze9HmXXBUO8zjYikxHgmnISBi8/2k8=&type=packet_lp_fund_unit_doc_factsheet&citicode=0LUD&r=1
https://www.fundslibrary.co.uk/fundslibrary.dataretrieval/documents.aspx/?user=10UAkL+V5rtmXvB/PtyNJWZ9BPpAqHy0LzRib5NAjYM=&type=packet_lp_fund_unit_doc_factsheet&citicode=0LV1&r=1
LBM: Dec 2012 - Debt £38,180/ Now £0.
DFD - 17/04/2016
Gambling: The sure way of getting nothing from something.
0 -
Thank you both, I couldn't see one which covered both a global and and UK in one fund. It that case I assume I could then just split my current pot 50/50 (or other % split) as well as future contributions, into two different funds?
50/50 is extreme home bias. If you want to get closer to true passive than 4% UK would be about right. If you want some home bias, then anything upwards of that to around 25% would be more typical.
I am an Independent Financial Adviser (IFA). The comments I make are just my opinion and are for discussion purposes only. They are not financial advice and you should not treat them as such. If you feel an area discussed may be relevant to you, then please seek advice from an Independent Financial Adviser local to you.1 -
Thank you again for your quick response, I will have a think about the weighting and look to switch funds in the new year.LBM: Dec 2012 - Debt £38,180/ Now £0.
DFD - 17/04/2016
Gambling: The sure way of getting nothing from something.
0 -
Take a look at this thread from a couple of days ago where a similar question was asked. Most of the discussion will apply to you.
https://forums.moneysavingexpert.com/discussion/6227542/pension-fund-changes-sense-check/p1
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There are regular comments on this forum about the pros and cons of UK % weighting , especially for equities.
As Dunstonh says 4% represents the size of the UK stock capitalisation in global terms . So many say this is the proportion a global investment portfolio should hold.
However traditionally many pension funds had a much higher weighting , partly because in the past foreign investments were seen as more dangerous by many customers and this habit still seems to persist in some quarters. Could be that your current fund has this issue?
On the other hand there are also some valid arguments for having more than 4% in your home market but probably not more than 25%.1
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