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Scottish Widows Pension
dave23
Posts: 111 Forumite
I have Scottish Widows pension. It is lifestyling which I have been ok with up to now however, I was 60 in January and it has started to move from Pension Portfolio 4 to Pension Protector which is a bond fund. Is this now a bad idea? should I stop the lifestyling? My current plan is retire in 2 years and use this pension to bridge the cap until a DB pension starts at 65. Current value is £69k.
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Comments
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You are getting close to needing to take money out.
How much per year do you hope to take over that 3 year period?0 -
I was planning on £20000 a year
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Probably best to be near cash on that basis or not very far off. Maybe a small percentage still in equities for a little bit longer but the bulk in cash.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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