Should I engage a Financial Advisor?

eskbanker

Albermarle said:

eskbanker said:

Albermarle said:

It is probably worth noting that having an advisor is probably less important when you are growing the pension, and still have some years to retirement. Mistakes or bad luck are less of an issue when you are still earning.

Not sure I'd agree with that - mistakes made early in life could also have substantial impact on retirement plans!

OP plumped for a 60/40 multi-asset fund and this would probably be unnecessarily cautious for someone under, say, 40 who's accumulating for retirement, in that it would in all likelihood deliver a significantly smaller pot than being 100% in equities....

On the other hand, a 100% equity investment is not suitable for most people. Our resident IFA has said a few times that their popularity on these forums is not reflected in the more cautious’outside world’ 

I'm not necessarily claiming that 100% equities is suitable for most people, but the point stands that this is a decision that should be taken when considering what to do with a lump sum, not immediately prior to retirement, i.e. the evaluation of risk appetite, etc, is an important assessment at the start of an investment journey, not just towards the end.

winkowinko

QrizB said:

winkowinko said:

As another newbie who has spent quite a bit of time looking on the Vanguard website recently, do they offer any funds where the UK proportion of equities is around 3.4%, but where the fund also includes bonds?
I was looking at the Global All Cap, but that's possibly too risky for my liking, and it doesn't include bonds. Whereas the Lifestratergy funds are to too UK weighted for my liking. Ideally I'm looking for something inbetween. 

You'd need to hold two funds.

So if you wanted an 80/20 split, you'd put 80% into a global tracker and 20% into a bond fund.

This one to run alongside the Global All Cap?

Global Bond Index Fund - Hedged Accumulation

kempiejon

I use vanguard ETFs in my SIPP, I use AJbell as my platform and I have generally found funds have a higher charge than etfs. Recently I was looking to buy more bond/fixed interest and Vanguard Global Aggregate Bond UCITS ETF (VAGP) was my choice. Similar but not identica to the fund mentioned, the ETF has a 0.1% annual fee compared to 0.15% for the fund.
The market drives returns of course but I can control fees.

https://www.vanguardinvestor.co.uk/investments/vanguard-global-aggregate-bond-ucits-etf-gbp-hedged-distributing/portfolio-data

Eyeful

1. ETF's  have no FSCS protection.
2. Funds may have FSCS protection.
https://www.fscs.org.uk/check/investment-protection-checker/