Old pension

noclaf

Reviving this thread for another pension related question but for my current employer pension scheme, rather than the old one in the OP.

This is also a DC sal sac pension currently invested in BNY Mellon Global Equity fund (Active). Total annual charge is 0.61% taking into account AMC, additional expenses and rebate. 
My pension scheme has recently added Vanguard ESG Developed World All CAP Equity Index fund, total annual charge is 0.21%.
Comparing performance for each fund over the last 5 years, it evens out and for the years where the BNY Mellon fund performed better it's certainly not (IMO) worth the 3x higher annual fees.
It's possible that the Active BNY fund may perform better during market corrections or a crash (due to the 'active' management) but that aside, I prefer the higher US Equities exposure of the Vanguard fund (65 % Vs 50% for the BNY fund) though would also lose the 4.6% China/EM exposure as the Vanguard fund is Dev world only.

My only concern is that I use the exact same Vanguard fund in my S&SISA via the Vanguard platform. So switching the pension fund would result in +70% of my investments concentrated in Vanguard.
Is this a valid concern or worrying over nothing? Just to add this current pension scheme is the larger in value of the two DC schemes I have, 75k in this one Vs 32k in the old scheme in OP.

Albermarle

My only concern is that I use the exact same Vanguard fund in my S&SISA via the Vanguard platform. So switching the pension fund would result in +70% of my investments concentrated in Vanguard.
Is this a valid concern or worrying over nothing?

You could argue that being in exactly the same fund is a risk , as you are maybe overexposed to its performance.

The fact that they are both Vanguard funds is not a risk at all .

noclaf

Albermarle said:

My only concern is that I use the exact same Vanguard fund in my S&SISA via the Vanguard platform. So switching the pension fund would result in +70% of my investments concentrated in Vanguard.
Is this a valid concern or worrying over nothing?

You could argue that being in exactly the same fund is a risk , as you are maybe overexposed to its performance.

The fact that they are both Vanguard funds is not a risk at all .

 I've decided to switch my S&SISA fund from the ESG Dev World All CAP to VEVE and VFEM.  I will then proceed with the pension switch to ESG Dev World All CAP.

noclaf

Hi @Albermarle

So I've changed my mind again as to fund choice for my S&SISA.
As I use Vanguard and they don't offer acc ETF's and I am too lazy to switch providers, thinking to go back to VLS 100. This fund seems to generate a lot of conversation, there is a relatively high UK allocation and some may find it too 'rigid' for their portfolios but as a one stop shop for global Equities it's not bad IMO. My UK exposure in LISA and two DC pension funds are much lower so thinking that the VLS 100 will complement them ok but curious on your thoughts?
This is the overall view on my investments once the switches are completed:

Investments:
Main DC current pension- Vanguard ESG Dev World All CAP

DC old pension - Baille Gifford Active Global Growth Equities fund (28% exposure to EM but Im keen to stick to this fund as it gives me something a bit different to the usual global eq allocation)
LISA - Lxyor Global Equities ETF(LCWL)
S&S ISA - VLS 100 Acc

I am 100% Equities so yes it's high risk but just turned 40 this year and keen to take the risk now to keep building up the investments.
Any other comments on the above combo of funds?
Thanks