Concerned about my poor pension provisions

EdInvestor

efunc wrote: »

Realistically I think a good Stakeholder may be a better option for me since my understanding is that a Tracker can do almost as well as a managed fund, but without all the nervousness.

That's entirely wrong for a start: indeed it's the other way round, the tracker is usually more risky and volatile than the managed fund.The point about trackers is they have very low charges, not that they are in some way "safe". [You would not be the first to have gained this false impression however.. curious how it has got around.]

efunc

EdInvestor wrote: »

You can check out the best funds here:

https://www.citywire.co.uk/Funds/home.aspx

Regarding your savings plans, you would probably be better to cash these in and move the money and the contributions to a investment ISA at a discount broker like https://www.h-l.co.uk

The HL site will also give you lots of info about funds, which would apply to both ISAs and pensions (in a SIPP).

You may like to give some info on the endowment for a more specific view:

thanks for the useful links. Here's some details about my underperforming endowment which has been given a Red Alert rating for a few years. They do advise against cashing in or stopping payments however.

Canada Life Mortgage Endowment Plan
Start Date: 04/01/1987
Maturity Date: 04/01/2012
Target Amount: £13,733
Number of Units: 519.86
Unit Price: 13.460
Fund Value: £6,997.37

Red Alert - High Risk of Shortfall
Projected final amt @ 4% £8,880, @ 6% £9,860, @ 8% £10,900