Aegon Workplace SSIP

Polly05

You can't choose to invest in a different fund in your new workplace pension? 

Gengis

The Aegon platform allows you to invest in different pension schemes - there are 100's of them all with different risks / fees.  the advice i want is what schemes within the platform should I invest in.  I am not looking to t/f my pension away from Aegon.  

Although it is ARC (Retireready) it is in effect a type of SIPP.

Pat38493

Gengis said:

The Aegon platform allows you to invest in different pension schemes - there are 100's of them all with different risks / fees.  the advice i want is what schemes within the platform should I invest in.  I am not looking to t/f my pension away from Aegon.  

Although it is ARC (Retireready) it is in effect a type of SIPP.

I don't think you will get advice like that about which specific fund to pick.  If you were to post some information about your attitude to risk and specific figures - e.g. unless I missed it you haven't posted your income so you are contributing 23% of what - what is the actual amount being put in monthly and do you expect it to increase in future e.g. by promotions etc?

Based on this you could assess what level of risk you would need to take to have a chance of achieving your goal, and then decide if you are ok with that.

I am also with Aegon for my employer pension and it's currently 100% with "Aegon MI Savings (H) ARC" which was the default.

I also have an small Aegon S&S ISA which is in "Blackrock Vol Strat IV E ACC" which to be honest I picked for a small starting fund of £1000 in an S&S ISA without doing too much analysis.  At the time I was expecting to put more money into ISA but then I changed my mind and am putting maximum into pension.

If you are "only" 47, probably you should be in a higher risk fund with more growth potential than the one mentioned but when it comes to picking an individual fund, this is where you would either need an IFA, or you could do a lot worse than just picking one of the most famous tracker type funds with high equity proportions of 60% or 80%.  

You need to be prepared to see values go up and down significantly over time, but this doesn't matter so much, as you are investing long term.

Getting an IFA to advise you is your safest approach if you don't know anything about investing unless you want to go with tracker funds.  Picking funds based on their fact sheet performance over the last few years is not much use from what I have read around.