Royal London Governed Portfolio (Pension)

noclaf

My wife has a pension with RL (former employer workplace scheme), a small valuation at just under £5k invested in the 'Enhanced Fund'. For now, not in a rush to move it (eventually will consolidate with her other pensions).

As she has 18 years to NRA (assuming 57), I think it should be moved to at least the 'Dynamic' fund, slightly higher % Equities and reasonably good diversification with Equities, a small amount of fixed income and Commodities + Property albeit slightly surprised at the latter as thought it was out of vogue in the last few years. The other fund option is 100% Equities but not sure I should be moving all the way up the risk scale though with 18 years Equities might be the better place albeit much more volatile?

All funds have an OCF of 1.00% however there is a 'with profits' element which I think offsets a decent chunk of the OCF.

Just looking for thoughts on my approach above, would anyone do anything differently or other considerations? My wife has no interest in this topic or understanding hence stepping in to optimise funds options in the interim. 

Hoenir

With only £5k in the pot. I'd move it now.  Consolidate and make overall portfolio management easier.