Royal London Goverened Portfolio 4

Spivo46

With a growth rate of 4.99% over 5 years and 1% management fees are there better products out there?

Albermarle

A 5 year growth of 28% is about right for a 70% equity multi asset fund.
1% fees is high but are you sure that there is a not some kind of discount from Royal London?

are there better products out there?

The answer to this question is always the same ' what do you mean by better'
A fund that hopefully grows more because it is more riskily invested? Or one that grows less but protects your capital better in a downturn ?

bostonerimus

You can only guess at the future performance of a fund, it should be an educated guess, but you can be certain of the fees you are paying and so I have always looked to save on those. I would never pay 1% in fees, but funds inside pension wrappers often come with quite high fees so it depends on the choices you have.

dunstonh

With a growth rate of 4.99% over 5 years and 1% management fees are there better products out there?

I would be surprised if it is 1%.  That is only on tiny balances.    The charges are tiered and reduce somewhere in the 20k range and other tiers above that.     The product also qualifies for the mutual bonus.

The RL Governed portfolio range is pretty good as simple portfolio options go.  And you can pick the main fund for the equity content to either be managed or tracker.

Olive10

After 20 years with Prudential, I am in the process of transferring my pension pot of £155k to Royal London Governed Portfolio 4 The process has taken a few weeks and I am hoping that over the next 10 years or so, with the benefit of compounding, that it will increase quite a bit!! Fingers crossed....

Tammer

if if you are invested in GP4 in a pension with royal London, the charge you pay is the overall packaged charge which will be substantially less than 1% for most people.  You need to find out what charges you are actually paying.

dunstonh

if if you are invested in GP4 in a pension with royal London, the charge you pay is the overall packaged charge which will be substantially less than 1% for most people.

1% AMC is the default for the funds excluding product terms.

Latest product terms are:
£0-37800 get 0.10% discount
£37,800-75,600 gets 0.50% discount
£75,600-226,000 gets 0.55% discount
£226,000-756,000 gets 0.60% discount
£756,000+ gets 0.65% discount.

So, yes, anybody on their plan using drawdown cannot be on 1% AMC and most people will be getting at least half that.

ARFURCHANCE

My Pension is with RL - > £250k < £500k
There is a Profit Share (as a Mutual) and my Annual fees calculate to 0.27%