Can someone explain this.

cfw1994

MallyGirl said:

My husband had investments in a property fund with Scottish Widows which was suspended for a while but is back now. I had been chary of getting too involved in his pension investment choices but had commented that he held too much property for my taste. This suspension has decided him to let me loose and he is transferring from SW to a SIPP to take a bit more control of the future.

You should have pointed him to the rest of us here: we’d have told him years ago to hand over all the keys to his money to you 

fred246

Paying an IFA every year to 'review' your portfolio is a sure fire way to lose lots of money. With their ridiculous fees they will always damage your wealth. There is absolutely no guarantee that they would have sold the property fund. The implication that an IFA would have definitely sold it is hilarious.  So losing money in a property fund is one way to lose money, paying an IFA is another. Which is best? Take your choice.

Albermarle

MallyGirl said:

My husband had investments in a property fund with Scottish Widows which was suspended for a while but is back now. I had been chary of getting too involved in his pension investment choices but had commented that he held too much property for my taste. This suspension has decided him to let me loose and he is transferring from SW to a SIPP to take a bit more control of the future.

The problem is that we are told that to diversify is good, especially if you have already built up a sizable pot .
Equities look a bit overpriced ( in US anyway ) prospect for bonds does not look great , so even more reason to diversify, at least for small % 's  but there is a limited number of options, property being one. The more you diversify the more likely one of the options performs poorly, but it does not necessarily mean it was a bad choice as nobody could have predicted Covid.
In fact my property fund has reopened and is 'only 'down 7% on the last 12 months but stable, but my commercial property IT is down over 21% but has also been stable for 9 months now after a 55% drop in early March .