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Pension 'Lifestyle' savings
chrispies2020
Posts: 15 Forumite
I have recently been wondering how I should deal with my pension savings. I wondered if anyone else has dealt with the issue of pension savings invested in so called 'Lifestyle' funds.
For me, this has been one of the causes of a sharp drop in my savings, epsecially with my Aegon/Scottish Equitable scheme. What alternatives do I have to restore growth? Are there any good options out there or is ir a question of sitting tight and waiting for the situation to improve - with no changes to where my savings are invested?
For me, this has been one of the causes of a sharp drop in my savings, epsecially with my Aegon/Scottish Equitable scheme. What alternatives do I have to restore growth? Are there any good options out there or is ir a question of sitting tight and waiting for the situation to improve - with no changes to where my savings are invested?
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Comments
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It is a regular topic on the Pensions forum.
Fall in bonds effect on "Lifestyling" pension pots — MoneySavingExpert Forum
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The bond market has had a bad year and it's uncertain what will happen next with both bonds and equities. There seems to more talk lately about a correction in equity prices so be careful. You don't want to shift more towards equities only for them to crash.0
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chrispies2020 said:I have recently been wondering how I should deal with my pension savings. I wondered if anyone else has dealt with the issue of pension savings invested in so called 'Lifestyle' funds.Presumably, you are in a lifestyle scheme that matches your intentions at retirement? So, moving to a high holding of bonds because you plan to buy an annuity, or staying largely invested in stocks because you intend to draw down?
If the fall is because you're in bonds and plan to buy an annuity, the increase in annuity rates will have offset the loss in value of your bonds. So you might not be any worse off.chrispies2020 said:For me, this has been one of the causes of a sharp drop in my savings, epsecially with my Aegon/Scottish Equitable scheme.
How long until you retire? What is the objective of your lifestyle scheme, and does that objective match your retirement plans? If there's a mis-match, is that because you've changed your plans?chrispies2020 said:What alternatives do I have to restore growth? Are there any good options out there or is ir a question of sitting tight and waiting for the situation to improve - with no changes to where my savings are invested?
Yes, please do read that thread!Albermarle said:It is a regular topic on the Pensions forum.
Fall in bonds effect on "Lifestyling" pension pots — MoneySavingExpert ForumN. Hampshire, he/him. Octopus Intelligent Go elec & Tracker gas / Vodafone BB / iD mobile. Kirk Hill Co-op member.Ofgem cap table, Ofgem cap explainer. Economy 7 cap explainer. Gas vs E7 vs peak elec heating costs, Best kettle!
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