USS Investment Builder Funds
I know there are a few USS members who use this board and I was wondering what people thought about the different fund options in the investment builder?
I’m finally in a position where I can start making additional salary sacrifice payments (no doubt just as the Chancellor is about to reduce the benefit of doing so!) and am looking at which fund to put them in. I earn a little over the salary cap so have a small amount going into the investment builder each month already. This is just on the default ‘do it for me’ growth fund. I’ve been looking at other options, partly to avoid having all eggs in one basket and also because the growth fund seems to have underperformed some of the other funds on offer (though I appreciate past performance isn’t a guide to the future).
I am 23 years off my current state pension age, so c13 years at the earliest before I could access anything in the fund. The aim is to have enough in there that I can retire a few years early, or at least to supplement the DB part of the pension if necessary, so I am looking for growth and happy to take a reasonable risk. There seem to be very few options, especially taking out the bond/liquidity/cautious funds that don’t look suitable for my situation. The most obvious alternatives seem to be Global Equities (though markets are looking high right now) or Ethical Growth. If anyone has any views on the choices I’d be v. interested to hear them.