Lost 8% on L&G PMC Multi-Asset 3 in 6 months

Albermarle

paulmol said:

UrbanAchiever said:

paulmol said:

Anyone have the same experience with L&G L&G PMC Multi-Asset 3 ?
lost 8% since jan 22 and still being charged management fees !

Are you still paying into this fund?

no not at the moment , its an work place pension , ironically from when i worked at L&G, current employer is with Aviva. The reason of the question is the Aviva one has gained over what i have paid in, not by much but it has gained even with the fees  

Have you compared the performance of both funds over exactly the same time periods?
As investments go up and down so quickly, and some perform better when markets are up and some when markets are down. You can only do a fair comparison over the same time period and over a long timescale ( 10 years?)

bostonerimus

paulmol said:

UrbanAchiever said:

paulmol said:

Anyone have the same experience with L&G L&G PMC Multi-Asset 3 ?
lost 8% since jan 22 and still being charged management fees !

Are you still paying into this fund?

no not at the moment , its an work place pension , ironically from when i worked at L&G, current employer is with Aviva. The reason of the question is the Aviva one has gained over what i have paid in, not by much but it has gained even with the fees  

You have nothing to complain about. The question is do you understand anything about investing and stock and bond funds or about the tax advantages of your workplace pension. If you look at the net of the investment loss and the tax gains of investing in the pension you are probably still way up? 

Stubod

...you only lose if you sell...this is normal for investments.

..."hold fast"....

paulmol

bostonerimus said:

paulmol said:

UrbanAchiever said:

paulmol said:

Anyone have the same experience with L&G L&G PMC Multi-Asset 3 ?
lost 8% since jan 22 and still being charged management fees !

Are you still paying into this fund?

no not at the moment , its an work place pension , ironically from when i worked at L&G, current employer is with Aviva. The reason of the question is the Aviva one has gained over what i have paid in, not by much but it has gained even with the fees  

You have nothing to complain about. The question is do you understand anything about investing and stock and bond funds or about the tax advantages of your workplace pension. If you look at the net of the investment loss and the tax gains of investing in the pension you are probably still way up? 

I don't see that as a valid point. When i take a new job its based on the complete package this includes the pension and the employers contribution. There is no additional tax advantages for a workplace pension that you would not get from a private pension  (that i am aware of).

dunstonh

 There is no additional tax advantages for a workplace pension that you would not get from a private pension  (that i am aware of).

Private pension is not an official term.   It means different things to different people.  Some people refer to a private pension as anything other than state pension. Others refer it to as anything other than state or occupational.  Others refer to it as only individual pensions.

A workplace pension can benefit from salary sacrifice potentially.   An individual pension won't unless the employer agrees to it (and the vast majority will not).

Workplace schemes can often (but not always) get lower charges than individual schemes.  

MallyGirl

paulmol said:

bostonerimus said:

You have nothing to complain about. The question is do you understand anything about investing and stock and bond funds or about the tax advantages of your workplace pension. If you look at the net of the investment loss and the tax gains of investing in the pension you are probably still way up? 

I don't see that as a valid point. When i take a new job its based on the complete package this includes the pension and the employers contribution. There is no additional tax advantages for a workplace pension that you would not get from a private pension  (that i am aware of).

I read the comment as just "it's in a pension so has gained from the tax breaks of contributing to any pension vs a general investment outside of a pension. That could just be me though

bostonerimus

MallyGirl said:

paulmol said:

bostonerimus said:

You have nothing to complain about. The question is do you understand anything about investing and stock and bond funds or about the tax advantages of your workplace pension. If you look at the net of the investment loss and the tax gains of investing in the pension you are probably still way up? 

I don't see that as a valid point. When i take a new job its based on the complete package this includes the pension and the employers contribution. There is no additional tax advantages for a workplace pension that you would not get from a private pension  (that i am aware of).

I read the comment as just "it's in a pension so has gained from the tax breaks of contributing to any pension vs a general investment outside of a pension. That could just be me though

That's just what I meant.