Return on 80k - private pension -

Notebook

Hi
Took some tax free - 25% from a private pension

Haven't taken a penny more

I dont contribute to this pension

Here is the breakdown since

£75044 - Fund value on 26 September 23

£72211- 26 Oct 23

£76886 - Nov 23

£86,616.01 Sept 24

84930 oct 24

£81,655.54 January 25

£80,454.48 April 5th 25

£78,725 April 25

£80909 May 25

81939 July 25

81350 August 25

Called the other day x% for this and X% for that and annual x% - cant remember and will call them and get it sent to me.

Name: Scottish Widows Pension Protector Pension (Series 4). 

ISIN: GB00B17K9681. 

SEDOL: B17K968. 

Is that reasonable, or should I look to move it? Age 61

Suggestions from you educated people please - Thanks

El_Torro

Your pension is worth less now than it was in January of this year. This implies that is not invested heavily in equities. Equities have done very well since January of this year. 

Your pension seems to be invested so that you can buy an annuity with it. Are you planning to do that? If not then I would suggest changing the way it is invested. You can either do that with Scottish Widows or you can move it to another pension provider.

If you tell us what you plan to do with the money we can give more specific suggestions.

kinger101

According to SW, the purpose of the fund is....

To provide a return consistent with the variations in market annuity rates with the aim of reducing annuity conversion risk.

dunstonh

kinger101 said:

According to SW, the purpose of the fund is....

To provide a return consistent with the variations in market annuity rates with the aim of reducing annuity conversion risk.

That is correct.  Its aimed at those buying an annuity now or in the near future.

SVaz

Yep,  if you are not planning on an annuity,  you are invested in the wrong fund. 

A 9% gain in 2 years isn’t great but it’s probably commensurate with low equities. 

It’s designed to keep it’s value,  which it has. 

kinger101

dunstonh said:

kinger101 said:

According to SW, the purpose of the fund is....

To provide a return consistent with the variations in market annuity rates with the aim of reducing annuity conversion risk.

That is correct.  Its aimed at those buying an annuity now or in the near future.

I never questioned it.  I should have been clearer. Is that what OP wanted?  Seems it's done the job it was designed for.

Sam_666

"Suggestions from you educated people please - Thanks"
Eh? Are you suggesting there are uneducated pople here?