Latest employment workplace scheme

Dandytf

Albermarle said:

New HL  Sipp

HL Multi-Manager Balanced Managed Trust Accumulation

That is an expensive choice on an expensive platform .  With HL's platform fee the total charge will be not far off 2%.
Even for an actively managed fund you should be looking at total costs around 1% .

Thanks is there much risk in  growth potential compared to DC funds. 

grumiofoundation

Dandytf said:

Albermarle said:

New HL  Sipp

HL Multi-Manager Balanced Managed Trust Accumulation

That is an expensive choice on an expensive platform .  With HL's platform fee the total charge will be not far off 2%.
Even for an actively managed fund you should be looking at total costs around 1% .

Thanks is there much risk in  growth potential compared to DC funds. 

What exactly do you mean?  The risk is dependant on the funds chosen not on whether it is in a pension (whether workplace pension or SIPP), and ISA etc

The only thing you can guarantee with the fund you have chosen is the high fees. In HL SIPP you should have (near) the whole of market available.

Dandytf

grumiofoundation said:

Dandytf said:

Albermarle said:

New HL  Sipp

HL Multi-Manager Balanced Managed Trust Accumulation

That is an expensive choice on an expensive platform .  With HL's platform fee the total charge will be not far off 2%.
Even for an actively managed fund you should be looking at total costs around 1% .

Thanks is there much risk in  growth potential compared to DC funds. 

What exactly do you mean?  The risk is dependant on the funds chosen not on whether it is in a pension (whether workplace pension or SIPP), and ISA etc

The only thing you can guarantee with the fund you have chosen is the high fees. In HL SIPP you should have (near) the whole of market available.

Is there any way of estimating growth value of DC funds V Sipp
if not think it'll leave both schemes as is.
i.e. it seems moving 19.5k from DC to New Sipp  is risky?
I'll need to fund new Sipp by monthly payments only

thanks appreciated.

Albermarle

At the risk of keep repeating the same point .

Firstly a SIPP is actually a DC pension 
Your workplace pension is a DC pension .
The main difference is the choice of funds which will be a bit different .

You can not compare one pension with another in terms of investment performance or risk , as it depends what funds you choose in each one .

kuratowski

What are the full names of the funds in the old DC pension (19k from old employer)?
If we know that we can compare the risk level against the ones funds you are choosing through HL.

Edit: The HL fund is moderately adventurous.

Dandytf

kuratowski said:

What are the full names of the funds in the old DC pension (19k from old employer)?
If we know that we can compare the risk level against the ones funds you are choosing through HL.

Edit: The HL fund is moderately adventurous.

thanks if this helps.
Prev employers DC (19k)
Life Sight Diversified Growth 69.67%
Life Sight Equity 30.33%

Dandytf

Albermarle said:

At the risk of keep repeating the same point .

Firstly a SIPP is actually a DC pension 
Your workplace pension is a DC pension .
The main difference is the choice of funds which will be a bit different .

You can not compare one pension with another in terms of investment performance or risk , as it depends what funds you choose in each one .

Thanks haven't been considering HL Sipp as new DC ,interesting.

I guess I was hoping to avoid an expensive transfer Error.

kuratowski

Thanks; Lifesight Diversified Growth fund is 35.3% equities, 9.5% government bonds, 27.5% corporate bonds, 27.7% alternatives.  This means in total you're about 55% equities.  Whereas, HL Multi-Manager Balanced Managed is about 65% equities.  If you transferred everything into the SIPP, it would somewhat increase your exposure to equities which we usually view as an increase in risk.

How many years away from retirement are you?  If it is several decades off then increasing your equities exposure might increase your growth prospects and you would have time to ride out the extra volatility.  But, conversely, if you're < 15 years away then maybe you would want to think twice before increasing your investment risk.

Another thing to consider is that HL has thousands of investment options, and you might find yourself constantly tinkering with the portfolio, chopping and changing, following fashions.  It has sometimes been said that the best investors are the ones who are dead - for whom there is zero temptation to keep changing their investments.  This would be another argument to maybe leave the ex-employer pot alone.

Dandytf

thanks mser's
Retirement <15 years away as I have M.S.
maybe as soon as 10 years time.

Let's leave Ex Employees  as is.
I'll use couple of K when one or two short term Isa's become available next year and beyond, to fund Sipp fund.

thanks appreciated.

penners324

This thread doesn't make any sense from the OP.

Who does your new employer use for it's pension? People's Pension? If so then the payroll department can change your contribution level or you can login to your People's pension account and change it yourself. You can also change the investment choice quite easily, though there are only 4 or 5 options.