Portfolio changes

johnnyren

 Hi 
        Just had my porfolio review with my ifa which has resulted him in recommending a number of changes  now proposing , 
14.29 brewin dolphin mps income 
14.29 fei hybrid standard life risk level 2 medium term
14.29 hsbc global asset mgt conservative portfolio c acc
14.29 lion trust fund passive moderate s acc
14.28lion trust fund sustainable future defensive managed 2 Inc
14.28 rlum (cis) Ltd sustainable managed growth trust c acc
14.28 vanguard investments life strategy 40% equity a acc
The sipp is sitting at 470 000,       any views on how it looks appreciated 
        Thanks 

eskbanker

Difficult for anyone to comment meaningfully in a vacuum without sight of all the other factors visible to the IFA making the recommendations - how old are you, when do you anticipate accessing this pension, what are your other pension arrangements (if any), how much income do you anticipate needing in retirement, what's your risk tolerance, etc?

johnnyren

I'm 56 ,  hoping to retire at 60 ,    at my first discussions with my ifa he advised a cautious /passive profile ,   there has been poor growth last 3 years since I took the sipp,   hoping for better results with the changes 

Albermarle

Cautious and passive are unrelated strategies .
Presume the IFA was being cautious because you said you were a bit risk averse or some similar comment ? 

johnnyren

Albermarle said:

Cautious and passive are unrelated strategi d
Presume the IFA was being cautious because you said you were a bit risk averse or some similar comment ? 

Yes that is correct 

Thrugelmir

johnnyren said:

   there has been poor growth last 3 years since I took the sipp,   

Benchmarked against what?  

johnnyren

I'm sorry this should be in pensions forum ,   is there a way of transferring it ?

[Deleted User]

VLS40 discrete performance for the last three years is +18% .
If your investments realised less, I'd say you're entitled to feel concerned with the performance over that time. 

johnnyren

I can tell you that on June of 2017 I  have my it's 466 000 to invest ,   he took 8000 for the permissions ,  and I've withdrawn 8000 at present I have 457 000 pounds 

[Deleted User]

Sorry to read that johnnyren. 
Did you raise a concern with your Independent Financial Adviser, or was he proactive in changing your portfolio?

johnnyren

He was pro active ,   the previous portfolio was mainly invested in pru fund growth series a ,    but felt I hadn't performed well so advised these changes ,     I lost a bit during the last year due to the pandemic