Scottish Widows Pension Investments

Starbrite

I've not looked at the investments/funds of my pension for years!,the pension was set up back in 2012, and that is the last and only time the investment/fund side was looked at.

What would be the best way to review these? I know I can do it myself and no need for a financial adviser, however I do not know the best way to go about choosing or changing the investments/funds.

Currently I have:

SW BLK UK Spec Sit - seems to have gone up in % from 2016

SW InvP Corp Bond

SW InvP High Income

European

SW Henderson UK Prop

SW Sch US Small Cos

SW JPM Emerging Mkts

SW BLK UK Small Cos

SW Fidelity Asia Fd

Fixed Interest

Any advice greatly received

 

Marcon

Try this for starters for a beginner's guide: https://www.moneyhelper.org.uk/en/pensions-and-retirement/building-your-retirement-pot/pension-investment-options-an-overview

Albermarle

That is quite a lot of funds . Presumably it was set up by a financial advisor rather than you ? and presumably you have had no ongoing contact with the advisor.?

When looking at investments, probably the main point is that they are aligned with your objectives and to some extent your age and risk tolerance.
Typically a younger person is better with higher risk/higher potential growth investments that have a high % in equity ( company shares). Someone near retirement may prefer something a bit steadier, with less equity and more bonds/fixed income .
Some cautious types may play it safer still but at the expense of growth .
Some more links to look at .

Pensions & Investing - MoneySavingExpert

Probably you will find some guides on the SW website as well. 

Starbrite

Albermarle said:

That is quite a lot of funds . Presumably it was set up by a financial advisor rather than you ? and presumably you have had no ongoing contact with the advisor.?

When looking at investments, probably the main point is that they are aligned with your objectives and to some extent your age and risk tolerance.
Typically a younger person is better with higher risk/higher potential growth investments that have a high % in equity ( company shares). Someone near retirement may prefer something a bit steadier, with less equity and more bonds/fixed income .
Some cautious types may play it safer still but at the expense of growth .
Some more links to look at .

Pensions & Investing - MoneySavingExpert

Probably you will find some guides on the SW website as well. 

Yes, was a work pension and the work FA set it up. Then I left the company and it moved into a private pension. I have paid into it over the years, just never tweaked it. I am a bit daunted by it all

Thanks will have a read