Pension Fund disaster vs benchmark in last 12 months

[Deleted User]

I would:

1. Read. Start with John Edwards book on pensions.
2. Understand your risk profile. Bernstein has great books on this subject.
3. Develop an invest plan and decide on asset allocation. Then pick instruments (specific funds).
4. Change platform.  There are spreadsheets and websites which tell you the most cost efficient platform for the size of your portfolio and choice of investment vehicles (funds vs ETFs)
5. Move platforms and invest. Keep total cost low.  1.5% total which you are paying right now for misleadingly named collections of growth funds is an order of mag more expensive than it needs to be. 

ericlered7

Linton said:

Since you are a long way from retirement I suggest you  look at transfering to another fund now and think long term rather than recovering the value in the short/medium term.  The constituents of your current fund are highly volatile.  For example Baillie Gifford American has more than doubled and then halved in value since January 2020.  It could well double again when the current economic problems are resolved but it could well not.  I see keeping your current fund  as high risk.

Your previous fund, LP Global Managed, may be a better choice.  However this seems to be another case where the fund has a different name in Morningstar so if you can supply the ISIN number I can check further.

Thanks

According to this https://www.fundslibrary.co.uk/Clients/RoyalLondon/?id=00faefc4-2fa5-48aa-8db0-48e8a8b950a0 The ISIN is GB0007832826

This is the fund on Morningstar I think.

Linton

ericlered7 said:

Linton said:

Since you are a long way from retirement I suggest you  look at transfering to another fund now and think long term rather than recovering the value in the short/medium term.  The constituents of your current fund are highly volatile.  For example Baillie Gifford American has more than doubled and then halved in value since January 2020.  It could well double again when the current economic problems are resolved but it could well not.  I see keeping your current fund  as high risk.

Your previous fund, LP Global Managed, may be a better choice.  However this seems to be another case where the fund has a different name in Morningstar so if you can supply the ISIN number I can check further.

Thanks

According to this https://www.fundslibrary.co.uk/Clients/RoyalLondon/?id=00faefc4-2fa5-48aa-8db0-48e8a8b950a0 The ISIN is GB0007832826

This is the fund on Morningstar I think.

Google cannot find that ISIN on Morningstar, but the main holdings are given on the FT website.  RLP Global Managed is a fund of funds like the Global Growth fund but It does appear to hold a mainstream mix of underlying funds and has not suffered the major falls of Global Growth.

Deleted_User said:

I would:

1. Read. Start with John Edwards book on pensions.
2. Understand your risk profile. Bernstein has great books on this subject.
3. Develop an invest plan and decide on asset allocation. Then pick instruments (specific funds).
4. Change platform.  There are spreadsheets and websites which tell you the most cost efficient platform for the size of your portfolio and choice of investment vehicles (funds vs ETFs)
5. Move platforms and invest. Keep total cost low.  1.5% total which you are paying right now for misleadingly named collections of growth funds is an order of mag more expensive than it needs to be. 

I dont disagree with this.  My concern is this would be a longer term project requiring some time to develop the necessary experience and understanding of investments and the confidence to work from first principles.  However following Mordko's list should benefit you in the next 15-20 years leading up to retirement.

ericlered7

Linton said:

ericlered7 said:

Linton said:

Since you are a long way from retirement I suggest you  look at transfering to another fund now and think long term rather than recovering the value in the short/medium term.  The constituents of your current fund are highly volatile.  For example Baillie Gifford American has more than doubled and then halved in value since January 2020.  It could well double again when the current economic problems are resolved but it could well not.  I see keeping your current fund  as high risk.

Your previous fund, LP Global Managed, may be a better choice.  However this seems to be another case where the fund has a different name in Morningstar so if you can supply the ISIN number I can check further.

Thanks

According to this https://www.fundslibrary.co.uk/Clients/RoyalLondon/?id=00faefc4-2fa5-48aa-8db0-48e8a8b950a0 The ISIN is GB0007832826

This is the fund on Morningstar I think.

Google cannot find that ISIN on Morningstar, but the main holdings are given on the FT website.  RLP Global Managed is a fund of funds like the Global Growth fund but It does appear to hold a mainstream mix of underlying funds and has not suffered the major falls of Global Growth.

I missed the link on my last post, think this is the Morningstar link https://www.morningstar.co.uk/uk/snapshot/snapshot.aspx?id=VAUSA05TC7&investmentType=SA

Linton

ericlered7 said:

Linton said:

ericlered7 said:

Linton said:

Since you are a long way from retirement I suggest you  look at transfering to another fund now and think long term rather than recovering the value in the short/medium term.  The constituents of your current fund are highly volatile.  For example Baillie Gifford American has more than doubled and then halved in value since January 2020.  It could well double again when the current economic problems are resolved but it could well not.  I see keeping your current fund  as high risk.

Your previous fund, LP Global Managed, may be a better choice.  However this seems to be another case where the fund has a different name in Morningstar so if you can supply the ISIN number I can check further.

Thanks

According to this https://www.fundslibrary.co.uk/Clients/RoyalLondon/?id=00faefc4-2fa5-48aa-8db0-48e8a8b950a0 The ISIN is GB0007832826

This is the fund on Morningstar I think.

Google cannot find that ISIN on Morningstar, but the main holdings are given on the FT website.  RLP Global Managed is a fund of funds like the Global Growth fund but It does appear to hold a mainstream mix of underlying funds and has not suffered the major falls of Global Growth.

I missed the link on my last post, think this is the Morningstar link https://www.morningstar.co.uk/uk/snapshot/snapshot.aspx?id=VAUSA05TC7&investmentType=SA

Yes that's it and the allocations match those given by the FT.