NEST Pension Performance

Marcon

penners324 said:

Don't believe you can just open a Nest account. Only done through employer schemes. Though you may have 1 from a previous job

Not so.

NEST has a universal service obligation: https://www.nestpensions.org.uk/schemeweb/nest/my-nest-pension/joining-nest.html

Please check your facts before posting - it would only have taken a moment to glance at NEST's website.

Albermarle

ET22 said:

Hi, I already have a small pension with Aviva which i am planning to invest a significant amount of money into over 15 years. Am i right in thinking it doesnt really matter too much about the risks in the short term as  it would usually "even out" over what would be a 15 year period?  

I think the historical statistics show that investing in the stock market has never made a loss over a 15 year period, and even after 8 years the chance of making a loss is < 10%.
Of course it depends exactly how you are invested, and a result of no growth over say 5 years with inflation running at 5%pa would not be a good result.
However the hope we all have is that despite inevitable ups and downs, we should see some growth above inflation over a 15 year period.

DavidAC

Still scratching my head over my pensions. This is the latest comparison of them Charting.aspx, thought I am in NEST 2032 not 2040.

Rather than moving Aviva UK Equity to NEST would it make sence to move Aviva UK Equity to Aviva UK Managed and move Standard Life to NEST? UK Equity is too volatile for my liking now. SL has done well in it's sector, but it's sector is low in equities and has not done well. I am 58 and NEST 2032 will be moving away from equities unless I chose a different retirement date. I could choose 2035.

BlackKnightMonty

What is your goal?

Grow your pot, or keep safe what you’ve already got?

DavidAC

Balancing both. A small amount above inflation in the medium term.

BlackKnightMonty

Sounds like your proposal aligns to your goals.

FWIW I read a lot of articles on how UK equity is bargain basement offering huge value. I think the climate is putting investors off the UK. For the last Quarter I have a few £K in NinetyOne UK Special Situations within my S&S ISA which is going up nicely.