Small new pension. Want to push higher risks.

6022tivo

I have a company final salary pension from my original job. 
I have a Aviva Pension (Main Pot) with 100% in their original recommended investment Aviva My Life or something. 

I have just started another random job that comes with a Scottish Widows pension. 
It's default fund is related to the Company I have started working for. 

I'm not bothered about this pot at all, and want to use it for some high risk, short term (7-10yrs) investment as I'm playing it save with my main Aviva pot (Although I think I should try something different in their TBH). 

I have only the following options with Scottish Widows (Apart from some special ones relating to the company of which I don't understand) 

Active Emerging Market Equity

Active ESG Equity

Active Global Equity

Annuity Bonds

Blended Equity

Cash

Diversified Assets

Diversified Bond

Ethical

Inflation Linked Bonds

Passive Global Equity

Shariah

No idea what to do.. I've had a look at some of their factsheets on them, but I can't make much sense of them. 

tacpot12

Well, the highest risk runds should be Active Emerging Market Equity, and Active Global Equity (with the Emerging Market fund being the highest risk), but the Sharia fund is also quite high risk, and this is what I would go for. This fund actually invests in the HSBC Islamic Global Equity Index Fund.

penners324

Top and bottom are the highest risk.

barnstar2077

At a guess I would say that the passive global equity fund would be the best all rounder, but if you want to go mad and really go for high risk high reward then the Sharia fund is probably your best bet! 

Albermarle

I have a Aviva Pension (Main Pot) with 100% in their original recommended investment Aviva My Life or something. 

playing it save with my main Aviva pot (Although I think I should try something different in their TBH). 

Maybe better to focus on your main pot as the priority.

6022tivo

Albermarle said:

I have a Aviva Pension (Main Pot) with 100% in their original recommended investment Aviva My Life or something. 

playing it save with my main Aviva pot (Although I think I should try something different in their TBH). 

Maybe better to focus on your main pot as the priority.

I agree with you. But I'm not sure what I'm doing with that and "trust" the sales person / advisor that the default policy was the "best". 

There's literally hundreds of options with interesting fees.....

As a none gambler, I would be tempted to move all to Cash Funds / Bonds or very safe stuff... Not sure why. 

There's a great guy on Youtube I watch, talks money, quite young, was involved in a beating up (Some will know him). He sees so much wasted opportunity in default funds it really gets to him. 


I've been stung in the stock market over the years to the point I have no confidence in meddling with this stuff?? 

sgx2000

James Shacks

FIREDreamer

6022tivo said:

Albermarle said:

I have a Aviva Pension (Main Pot) with 100% in their original recommended investment Aviva My Life or something. 

playing it save with my main Aviva pot (Although I think I should try something different in their TBH). 

Maybe better to focus on your main pot as the priority.

I agree with you. But I'm not sure what I'm doing with that and "trust" the sales person / advisor that the default policy was the "best". 

There's literally hundreds of options with interesting fees.....

As a none gambler, I would be tempted to move all to Cash Funds / Bonds or very safe stuff... Not sure why. 

There's a great guy on Youtube I watch, talks money, quite young, was involved in a beating up (Some will know him). He sees so much wasted opportunity in default funds it really gets to him. 


I've been stung in the stock market over the years to the point I have no confidence in meddling with this stuff?? 

The guy that was assaulted was Damien from Damien Talks Money.

Cus

sgx2000 said:

James Shacks

He is a partner at a wealth management firm, that charges upto 0.95% of your portfolio for their services.  

Edit to add, he may give plenty of free advice that makes a lot of sense, I haven't checked. 

Albermarle

Cus said:

sgx2000 said:

James Shacks

He is a partner at a wealth management firm, that charges upto 0.95% of your portfolio for their services.  

Edit to add, he may give plenty of free advice that makes a lot of sense, I haven't checked. 

Most of the Youtube gurus that offer good free advice do try to entice you in to their paid services. Like Meaningful  money. 
As long as the free info is good and sensible, I do not see anything wrong with it. They have to make money somehow.