Pension advice - Jones & Co Financial Advice

MallyGirl

Given the - relatively - small value you might want to spend some time looking at some of the multi asset funds that get a mention on here to keep it fairly simple at the beginning. You can always take a more active role in choices as your knowledge grows. If you end up with too many holdings you spend effort, and fees, in rebalancing for little gain.
Vanguard Lifestrategy 60 (could add in some 80 to get an overall closer to 70) is one possibility.
HSBC Global Strategy Balanced (maybe with some of the Dynamic one to raise the risk level a little)
Neither of these really features commodities so you might need to hold a fund of those as well.

There are some BlackRock equivalents but I have no experience of them.

InhaleMood

Hi, thanks for the advice. The current funds are in L&G so initially I was looking there to see if there is anything that matches what I mentioned before.
The L&G PMC Managed 3 looks similar:
0.13% FMC
63% Equities (16% N.America/23% UK)
12.8% Corporate Bonds
6.2% Government Bonds
9% Alternatives

Currently I'm in L&G PMC Consensus Index 3 - maybe this is ok actually?
0.11% FMC
73% Equities (26% N.America/25% UK)
2.7% Corporate Bonds
19.3% Government Bonds
4.1% Cash
0.8% Alternatives


I figure if I pull in all of my pensions (4 others) into this one, and start making payments into there, I might be ok?

MallyGirl

I can't offer advice as that is a regulated activity for which I am not qualified.

Of those 2 the 2nd one looks more appealing to me (less UK and who knows what 'alternatives' is)

I have a mix of L&G funds in my company pension to meet my objectives but my numbers, my other pensions, and my nearness to retirement, are quite different to the OP.
I had to pick from a fairly short list so have opted for:
L&G PMC Global Equity 30:70 75% Currency Hedged
L&G PMC Master Trust Future World Multi Asset Fund

2nd_time_buyer

InhaleMood said:

If the solution matches your objectives then yes it is fine.   However, there is no index tracker with a risk rating of 7 or 8 on a 1-10 scale.    You can get a collection of index trackers to come out at 7 or 8 but not a single one.

 Annually is also fine.  It is important not to look at these things too often as an inexperienced investor can get spooked by short term volatility and make bad decisions because of it.

I would just be on guard with this firm at they appear very very expensive.  Not the initial, which seems fine,  but the ongoing costs.  

That's helpful thanks. 
After looking at a bit of research, I'm thinking of finding funds that match this strategy:

- Global Equities 60-70% 
     - North America 40-50%
     - UK 10-15%
     - Europe 15-20%
     - APAC 10-15%
     - Emerging Markets 10-15%
- Bonds 15-25%

     - Government Bonds 5-10%

     - Corporate Bonds 5-10%
- Commodities 10-15%

FMC of up to 0.5% which will probably be the passive/index funds.

Does that look sensible?

Thanks,

Sounds pretty sensible. You could have a look at Vanguard, that is a good starting point for SIPPs (self invested personal pensions). It is pretty straightforward to set up an account and transfer existing funds over. They have a limited number of funds with low fees that at least one of which will roughly match your risk profile (including ones with a similar equities/bonds ratio as above). There are plenty of other low fee SIPP platforms available (e.g. ii, freetrade etc.) but perhaps Vanguard is one of the least intimidating. Total fees should be around 0.5%. By the way don't treat this as a recommendation - just something to research.

InhaleMood

Thank you both, this gives me more than enough information to get me started!

Sarahspangles

InhaleMood said:

Hi, thanks for the advice. The current funds are in L&G so initially I was looking there to see if there is anything that matches what I mentioned before.
The L&G PMC Managed 3 looks similar:
0.13% FMC
63% Equities (16% N.America/23% UK)
12.8% Corporate Bonds
6.2% Government Bonds
9% Alternatives

Currently I'm in L&G PMC Consensus Index 3 - maybe this is ok actually?
0.11% FMC
73% Equities (26% N.America/25% UK)
2.7% Corporate Bonds
19.3% Government Bonds
4.1% Cash
0.8% Alternatives


I figure if I pull in all of my pensions (4 others) into this one, and start making payments into there, I might be ok?

Your first option is the fund I was assigned as the ‘default’ in a former workplace pension. I still track it (in Trustnet) to see if I’m at least doing as well with my own choices now I have a SIPP. It’s a bit less volatile than my own choices but as I’m retiring soon, I already have ‘next year’s money’ in a safer money market fund.

I think what I’ve realised since I opened a SIPP is that the main thing is to keep contributing. I rarely accelerate or delay my monthly purchase trusting it all to average out….