Aegon default fund selection ?

flopsy1973

Hi
My company pension fund is invested in the Sun Aegon default fund. I have another 10- 18 years before accessing this. I was told by a FA to get it out of the default fund and put it in a more high risk fund more in line with my risk profile. What are others views .? 
There was a thread on here while back discussing Aegon default funds but can't find it now 
Thanks

Marcon

flopsy1973 said:

Hi
My company pension fund is invested in the Sun Aegon default fund. I have another 10- 18 years before accessing this. I was told by a FA to get it out of the default fund and put it in a more high risk fund more in line with my risk profile. What are others views .? 
There was a thread on here while back discussing Aegon default funds but can't find it now 
Thanks

If you've been given advice by a FA, which particular funds have they recommended - and do you feel they fit your risk profile? People can make any number of comments about fund choices, but if you aren't comfortable with the funds in which you're invested, they aren't going to help you much. 

dunstonh

 I was told by a FA to get it out of the default fund and put it in a more high risk fund more in line with my risk profile. What are others views .? 

You should invest in line with your risk profile.  Not less than it unless you are taking the money out in the short term.

My company pension fund is invested in the Sun Aegon default fund

Are you sure you have that name right?    Aegon is just Aegon.  There is no Sun with them (Sun Life life policies are with Aviva).  There is also no consistent default across all versions of their pensions.  And the different versions have different fund ranges form very limited to fund supermarket level.

squirrelpie

Was the FA trying to sell you a particular investment, or was it more general advice? What is your relationship to this FA and are they an IFA?

Albermarle

Have a look at the details of the default fund , particularly the % equites, bonds etc .
Also its performance over one , five and ten years.

If you come back with that info , you will hopefully get some good feedback .

flopsy1973

Hi 
revisited this now as i have increased payments into it and the pension is in workplace default Pn (ARC)  the 3 year return is 31.5%. There is no 5 year figure available, anyone know more about options with aegon and if this is a good default fund to be in considering i wont need money for next 15 years possibly 
thanks

Pat38493

flopsy1973 said:

Hi 
revisited this now as i have increased payments into it and the pension is in workplace default Pn (ARC)  the 3 year return is 31.5%. There is no 5 year figure available, anyone know more about options with aegon and if this is a good default fund to be in considering i wont need money for next 15 years possibly 
thanks

Is it this one

Aegon Workplace Default (ARC) Pn Fund factsheet | Trustnet

flopsy1973

Yes that's the one any views on it or Aegon funds 

Albermarle

It seems to be performing quite well, over 3 years anyway.
However are you aware it is a so called lifestyle fund that will start to derisk/reduce equity % as you get nearer retirement? Or to be more accurate the retirement date that is in their system, probably 65.
You will have to keep an eye on it as some of these derisk a bit too much, in my opinion ( and I think the opinion of most regular posters on here) 

JohnWinder

‘I was told by a FA to get it out of the default fund and put it in a more high risk fund more in line with my risk profile. What are others views .? ‘

I have no idea of your ‘risk profile’ or other significant financial considerations; opinion impossible.
Your fund isn’t a shocker. Perhaps because it’s taken a ‘low carbon’ route it’s a new-ish fund made of new-ish index funds. Even without knowing your options I’d wonder whether a change of fund was the right thing to do, but with a bit of reading around the subject you could make a better decision than we’re likely to come up with.

flopsy1973

Why do you say a change of fund is the right thing to do ?