Stick with Lifestyle plan, or self-select funds?

dunstonh

Audaxer said:

LV_426 said:

Audaxer said:

LV_426 said:

Audaxer said:

LV_426 said:

Pete's on the case. He's made a video on this subject. Must have been reading the forum!

https://www.youtube.com/watch?v=lG37R7NMpPU

A decent short video for those starting out. I was going to say the one thing he didn't mention was risk or risk profile, but he did say at the end of the video that he would be talking about that next time. That is certainly important when deciding which multi asset fund to select.

Yup, definitely a factor. 
But looking at my Lifestyle plan, SL have selected a couple of multi asset funds with pretty low charges, so I think they know what they are doing.

Do you know roughly what percentage of equities you are looking for in a multi asset fund? 

If you care to share it would be interesting to see what multi asset fund options SL has selected.

Sure. They've put 90% of my money into this one http://library.adviserzone.com/cemh.pdf
And 10% into this http://library.adviserzone.com/plnd.pdf

With the latter being a lower risk. But it's not clear what percentage of equities are in each.

Thanks. The only thing that would concern me a bit are that the total fund charges at around 1% per annum is quite high compared to some of the popular DIY multi asset funds that have fund charges at around 0.20% per annum.  Is there an additional SL platform charge as well as the fund charges?

Std Life display the default maximum on their generic fund factsheets.    The actual charges are usually lower unless its an old stakeholder pension.     Also, depending on the version, the provider charge is inclusive in the fund charge and not additional.   

However, there are versions that are unbundled

LV_426

Audaxer said:

LV_426 said:

Audaxer said:

LV_426 said:

Audaxer said:

LV_426 said:

Pete's on the case. He's made a video on this subject. Must have been reading the forum!

https://www.youtube.com/watch?v=lG37R7NMpPU

A decent short video for those starting out. I was going to say the one thing he didn't mention was risk or risk profile, but he did say at the end of the video that he would be talking about that next time. That is certainly important when deciding which multi asset fund to select.

Yup, definitely a factor. 
But looking at my Lifestyle plan, SL have selected a couple of multi asset funds with pretty low charges, so I think they know what they are doing.

Do you know roughly what percentage of equities you are looking for in a multi asset fund? 

If you care to share it would be interesting to see what multi asset fund options SL has selected.

Sure. They've put 90% of my money into this one http://library.adviserzone.com/cemh.pdf
And 10% into this http://library.adviserzone.com/plnd.pdf

With the latter being a lower risk. But it's not clear what percentage of equities are in each.

Thanks. The only thing that would concern me a bit are that the total fund charges at around 1% per annum is quite high compared to some of the popular DIY multi asset funds that have fund charges at around 0.20% per annum.  Is there an additional SL platform charge as well as the fund charges?

Yes SL apply a 0.7% discount, so that brings it down somewhat.
And yes there is an additional SL platform charge of 0.293%

LV_426

dunstonh said:

Audaxer said:

LV_426 said:

Audaxer said:

LV_426 said:

Audaxer said:

LV_426 said:

Pete's on the case. He's made a video on this subject. Must have been reading the forum!

https://www.youtube.com/watch?v=lG37R7NMpPU

A decent short video for those starting out. I was going to say the one thing he didn't mention was risk or risk profile, but he did say at the end of the video that he would be talking about that next time. That is certainly important when deciding which multi asset fund to select.

Yup, definitely a factor. 
But looking at my Lifestyle plan, SL have selected a couple of multi asset funds with pretty low charges, so I think they know what they are doing.

Do you know roughly what percentage of equities you are looking for in a multi asset fund? 

If you care to share it would be interesting to see what multi asset fund options SL has selected.

Sure. They've put 90% of my money into this one http://library.adviserzone.com/cemh.pdf
And 10% into this http://library.adviserzone.com/plnd.pdf

With the latter being a lower risk. But it's not clear what percentage of equities are in each.

Thanks. The only thing that would concern me a bit are that the total fund charges at around 1% per annum is quite high compared to some of the popular DIY multi asset funds that have fund charges at around 0.20% per annum.  Is there an additional SL platform charge as well as the fund charges?

Std Life display the default maximum on their generic fund factsheets.    The actual charges are usually lower unless its an old stakeholder pension.     Also, depending on the version, the provider charge is inclusive in the fund charge and not additional.   

However, there are versions that are unbundled

Actually yes, I think you're right there. The provider charge is included in the fund charge. They then apply the 0.7% discount.
Bottom line is, I'm paying 0.293% per year for this pension.

Albermarle

LV_426 said:

dunstonh said:

Audaxer said:

LV_426 said:

Audaxer said:

LV_426 said:

Audaxer said:

LV_426 said:

Pete's on the case. He's made a video on this subject. Must have been reading the forum!

https://www.youtube.com/watch?v=lG37R7NMpPU

A decent short video for those starting out. I was going to say the one thing he didn't mention was risk or risk profile, but he did say at the end of the video that he would be talking about that next time. That is certainly important when deciding which multi asset fund to select.

Yup, definitely a factor. 
But looking at my Lifestyle plan, SL have selected a couple of multi asset funds with pretty low charges, so I think they know what they are doing.

Do you know roughly what percentage of equities you are looking for in a multi asset fund? 

If you care to share it would be interesting to see what multi asset fund options SL has selected.

Sure. They've put 90% of my money into this one http://library.adviserzone.com/cemh.pdf
And 10% into this http://library.adviserzone.com/plnd.pdf

With the latter being a lower risk. But it's not clear what percentage of equities are in each.

Thanks. The only thing that would concern me a bit are that the total fund charges at around 1% per annum is quite high compared to some of the popular DIY multi asset funds that have fund charges at around 0.20% per annum.  Is there an additional SL platform charge as well as the fund charges?

Std Life display the default maximum on their generic fund factsheets.    The actual charges are usually lower unless its an old stakeholder pension.     Also, depending on the version, the provider charge is inclusive in the fund charge and not additional.   

However, there are versions that are unbundled

Actually yes, I think you're right there. The provider charge is included in the fund charge. They then apply the 0.7% discount.
Bottom line is, I'm paying 0.293% per year for this pension.

If you want to double check. Download the app and your personal charges are clearly stated. Not sure you can see these in black and white on the website. 

LV_426

Albermarle said:

LV_426 said:

dunstonh said:

Audaxer said:

LV_426 said:

Audaxer said:

LV_426 said:

Audaxer said:

LV_426 said:

Pete's on the case. He's made a video on this subject. Must have been reading the forum!

https://www.youtube.com/watch?v=lG37R7NMpPU

A decent short video for those starting out. I was going to say the one thing he didn't mention was risk or risk profile, but he did say at the end of the video that he would be talking about that next time. That is certainly important when deciding which multi asset fund to select.

Yup, definitely a factor. 
But looking at my Lifestyle plan, SL have selected a couple of multi asset funds with pretty low charges, so I think they know what they are doing.

Do you know roughly what percentage of equities you are looking for in a multi asset fund? 

If you care to share it would be interesting to see what multi asset fund options SL has selected.

Sure. They've put 90% of my money into this one http://library.adviserzone.com/cemh.pdf
And 10% into this http://library.adviserzone.com/plnd.pdf

With the latter being a lower risk. But it's not clear what percentage of equities are in each.

Thanks. The only thing that would concern me a bit are that the total fund charges at around 1% per annum is quite high compared to some of the popular DIY multi asset funds that have fund charges at around 0.20% per annum.  Is there an additional SL platform charge as well as the fund charges?

Std Life display the default maximum on their generic fund factsheets.    The actual charges are usually lower unless its an old stakeholder pension.     Also, depending on the version, the provider charge is inclusive in the fund charge and not additional.   

However, there are versions that are unbundled

Actually yes, I think you're right there. The provider charge is included in the fund charge. They then apply the 0.7% discount.
Bottom line is, I'm paying 0.293% per year for this pension.

If you want to double check. Download the app and your personal charges are clearly stated. Not sure you can see these in black and white on the website. 

Oh god yet another app! My phone is fast becoming a gold mine of financial info. I have several banking apps, credit card etc. Anyone else get worried about having all this sensitive data on a very mobile and nickable device?

QrizB

LV_426 said:

Albermarle said:

If you want to double check. Download the app and your personal charges are clearly stated. Not sure you can see these in black and white on the website. 

Oh god yet another app! My phone is fast becoming a gold mine of financial info. I have several banking apps, credit card etc. Anyone else get worried about having all this sensitive data on a very mobile and nickable device?

Yes.

https://www.bbc.co.uk/news/uk-england-london-62809151

(Although that looks like a 2FA weakness, not specifically app-related.)