Pension pot

garrob

I have just retired and drawing from my DB pension, the first payment will be in a few days.
Whilst employed the company I worked for paid into the L&G target date fund 2020 - 2025 which I contributed to as well. I have £130,000 in the fund. My question is would it be more beneficial in a global equity fund or leave it where it is. I can’t see me paying anymore into it. Any thoughts would be helpful.

dunstonh

My question is would it be more beneficial in a global equity fund or leave it where it is.

Possibly.  Possibly not.  Possibly something in between both of those too.

It all depends on your objectives and how the pension fits in with those.   So, more info is needed.

Albermarle

garrob said:

I have just retired and drawing from my DB pension, the first payment will be in a few days.
Whilst employed the company I worked for paid into the L&G target date fund 2020 - 2025 which I contributed to as well. I have £130,000 in the fund. My question is would it be more beneficial in a global equity fund or leave it where it is. I can’t see me paying anymore into it. Any thoughts would be helpful.

That change would probably do two things
1) More growth in the long term
2) More short term big swings so you would need a strong nerve.

Maybe also look at investments somewhere between the two, or a mixture of both,