Workplace pension transfer

dunstonh

Nuggy96 said:

I have chosen a different more risky fund than the default fund selected when I first joined the scheme 

Usually, the SL pensions have riskier funds from the internal fund range (and a number of them are actually managed by Vanguard).  Unless your employer has really cut the range down.  I come across more SL workplace pensions at 0.3% p.a. than those at the maximum 0.75%.  

noclaf

Edit: Op disregard my post below, just noticed you already switched to an alternative fund within the SL pension scheme

Op I reviewed my pensions last year (with the help of this forum), my current employer uses SL and the standard/default funds performance was relatively poor. Rather than go through the hassle of a transfer (Ive done this before), I switched from the default option to a 100% Equities active fund...higher fees but the performance difference has been significant....it's a BNY Mellon fund if that matters. I am 39 hence not too concerned with the higher risk, obviously DYOR but might be another option to consider before pulling the trigger to transfer out.
I've transferred one old pension that was also with SL however I have another from my last employer that has been doing ok performance-wise and has some bonds and property funds exposure. Given the reasonable performance and diversification I'm leaving it alone so that I can run my LISA and Vanguard S&SISA at 100% Equities without the need to faff about and concern myself with bonds and allocation etc.