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Choosing a pension fund?
nuttycam
Posts: 19 Forumite
Hi
I am about to join my company pension scheme but you need to choose your own fund. I was thinking of going for a high risk one as I'm 28.
The pension is with Legal & General but I've no idea which fund to choose. The choses are ...
I am about to join my company pension scheme but you need to choose your own fund. I was thinking of going for a high risk one as I'm 28.
The pension is with Legal & General but I've no idea which fund to choose. The choses are ...
Japanese Equity Index Fund
Far Eastern Fund
North American Fund
UK Smaller Companies Fund
US Equity Index Fund
European Equity Index Fund
European Fund
International Fund
Ethical Fund
UK Smaller Companies Fund
US Equity Index Fund
European Equity Index Fund
European Fund
International Fund
Ethical Fund
Global Equity Fixed Weights 50:50 Index Fund
Global Equity 70:30 Index Fund
Global Equity Fixed Weights 60:40 Index Fund
https://www80.landg.com/DocumentLibraryWeb/Document?reference=W10577IndSHPInvestmentFund.pdf
Has anyone any tips or good advice they can give me? Global Equity Fixed Weights 60:40 Index Fund
https://www80.landg.com/DocumentLibraryWeb/Document?reference=W10577IndSHPInvestmentFund.pdf
Nice to save.
0
Comments
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Why do you want to choose just one? Single fund investing is usually the best way to achieve below average returns.
You should choose a spread of funds across the sectors using percentages in each which average out to match your personal risk profile.I am an Independent Financial Adviser (IFA). The comments I make are just my opinion and are for discussion purposes only. They are not financial advice and you should not treat them as such. If you feel an area discussed may be relevant to you, then please seek advice from an Independent Financial Adviser local to you.0 -
From what I can tell from the L&G application form you need to choose a fund. And to be honest I havent a clue which to choose!Nice to save.0
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From what I can tell from the L&G application form you need to choose a fund.
L&G allow multiple funds. I think it is around 8-10 from memory.
If they only allowed one fund they wouldnt give you all those options.And to be honest I havent a clue which to choose!
We cannot pick for you as it is against board rules to make recomendations (in regulated areas) and it would also breach FSA rules. Apart from that we dont know anything about you so what may be right for me (or anyone else that posts) isnt necessarily right for you.
Also, you made a list of funds but the document you linked to has far more funds listed. Including a number which are very good. Are all the funds available to you or is your occ scheme only offering a cut down number of funds?
Your best bet is to read the funds guide and look at the areas and risk that is associated with each one and then decide how much you want in each.I am an Independent Financial Adviser (IFA). The comments I make are just my opinion and are for discussion purposes only. They are not financial advice and you should not treat them as such. If you feel an area discussed may be relevant to you, then please seek advice from an Independent Financial Adviser local to you.0
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