Nest pension: fund options and performance

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  • noclaf
    noclaf Posts: 892 Forumite
    First Anniversary First Post Name Dropper
    I don't use Nest but do invest in the HSBC Sharia fund via my work pension.

    Context as always is important here:
    1. I very much doubt it's 100% Sharia proof...maybe it is but I'm doubtful however my decision to invest is not based on the Sharia description. The overall selection of funds in my work pension isn't great and I got tired of managing country-specific equity funds so instead went for 50% in the Sharia fund and the other 50% in a passive L&G global equities tracker

    2. If the Sharia fund tanks badly due to a market downturn or crash....excellent as I get to purchase more fund units at lower prices whilst I am pound cost averaging each month

    3. The amount invested in the Sharia fund represents just under 10% of my pension investments 

    4. I have 15+ years to retirement so can hopefully ride out the peaks and troughs

    5. At some point il likely transfer this pension into a SIPP and at that point will use something less racy such as a Vanguard Lifestrategy or HSBC global strategy fund.....that decision is subject to change....

    So not a recommendation to use the Sharia fund but I think 'it depends' on a lot of other factors....I consider myself a non-sophisticated average investor and am aware that i have limited knowledge so always room for mistakes/lack of discipline along the way.


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