Pension nightmare

Marcon

Steve_and_Elaine said:

Hi Marcon, see above comment. RL is performing so badly that I cannot stay with them. All trust has gone.

I can understand why you feel that way, but if you were invested in similar funds with any other provider, they too would be turning in the same sort of results. Comparing yourself with other people is tempting, but frequently inaccurate because you are only comparing 'pensions' rather than looking at the actually funds in which these pensions are invested.

Pat38493

Do you know what funds your pension is actually invested in?  Saying it is with RL does not tell us which particular funds within RL it is invested in?

Steve_and_Elaine

Thanks everyone for your responses. 
My pension fund is Royal London RLP Sustainable Managed Growth Trust (GBP)
It is down 25% since Dec 2021 and is still falling. That's £50k and counting. Nothing short of catastrophic.
I don't know what to do but I have to do something. 

Mr.Generous

I just checked my pension fund, its invested with Transact via financial advisors at Pavis. Its lost 5% in the last year, but to put into context it made 12% gains the year before.

dunstonh

Hi Albermarle, friends and family have pensions elsewhere that have not suffered the same losses.
This is a very bad performance from Royal London

It has nothing to do with Royal London.   

2022 was a year when the higher your equity content, the lower your losses were.  So a family member with 80% equity would suffer a lower loss than a family member with 20% equity.   Royal London do not decide your equity/bond ratio.   

Hi Marcon, see above comment. RL is performing so badly that I cannot stay with them. All trust has gone.

Royal London is not performing badly.    You must get past that.  Royal London are just the administrator for the funds held in your pension.  If a fund invests in gilts, then it has to invest in gilts whether gilts are going down the pan.     It is you or your adviser that picks the funds.     However, gilts (where the loss would mostly be) have suffered a 1 in 100 year loss and every pension provider has gilt funds and everyone with gilts has seen the same thing.    The differences will be whether it was 10% gilts or 80% gilts (or whatever).

My pension fund is Royal London RLP Sustainable Managed Growth Trust (GBP)
It is down 25% since Dec 2021 and is still falling. That's £50k and counting. Nothing short of catastrophic.
I don't know what to do but I have to do something. 

It is not still falling.  The peak was Decmber 2021 and the low point was October 22.   It is back up 2.2% over the last 6 months and is only down 0.9% over the last 12 months.   However, the fund has not lost 25% in that time.  

The dark green is the return.  It could have lost 25% between Dec 21 and October 22 but on current values it would not be 25%.

Audaxer

Steve_and_Elaine said:

Thanks everyone for your responses. 
My pension fund is Royal London RLP Sustainable Managed Growth Trust (GBP)
It is down 25% since Dec 2021 and is still falling. That's £50k and counting. Nothing short of catastrophic.
I don't know what to do but I have to do something. 

I've just looked at your fund on Trustnet. It is 75% UK Fixed Interest which explains the recent performance. However is up 7.4% over the last 5 years, which is a better 5 year performance than that of the Vanguard Life Strategy 20% fund which is up only 2%, and has a similar risk level and is a popular globally diversified low risk multi asset fund.

So it's not really catastrophic. You could transfer to a higher risk fund with more equity, but the markets could then suffer an equity crash and you may have wished you stayed with your existing fund.