L&G Workplace Pension advice

Pwillow7

dunstonh said:

Pwillow7 said:

Sam_666 said:

Google is your friend. Also on LG you can find all info and fact sheets. 

I personally would run a miles away from any "target date fund", as they are generally aimed for annuity and not good deal for drawdown.
Check if there is S&P500 or WorldWide index tracker on LG and switch to that one. Make sure that fees are low and subsided by employer. Fees should be less then 0.30% AMC. Stay away from any "Active" funds!

If you want to learn about pensions, there are tons of material on web. But you can start here:
LG probably has their own webpages on subject.

Thanks, rreally appreciate this, I will check out this info and take it from there, I just want to get the best out of my pension before I retire. 

As much as the internet can be useful at times, you also get duff posts that give you recommendations despite not knowing anything about you and remember it can be the blind leading the blind.

Be on guard.

dunstonh said:

Pwillow7 said:

Sam_666 said:

Google is your friend. Also on LG you can find all info and fact sheets. 

I personally would run a miles away from any "target date fund", as they are generally aimed for annuity and not good deal for drawdown.
Check if there is S&P500 or WorldWide index tracker on LG and switch to that one. Make sure that fees are low and subsided by employer. Fees should be less then 0.30% AMC. Stay away from any "Active" funds!

If you want to learn about pensions, there are tons of material on web. But you can start here:
LG probably has their own webpages on subject.

Thanks, rreally appreciate this, I will check out this info and take it from there, I just want to get the best out of my pension before I retire. 

As much as the internet can be useful at times, you also get duff posts that give you recommendations despite not knowing anything about you and remember it can be the blind leading the blind.

Be on guard.

Thanks, I really appreciate the help and advice from you all, I have decided to leave my pension as it is now 👍🏻

Sam_666

Albermarle said:

Check if there is S&P500 or WorldWide index tracker on LG and switch to that one.

These funds might be suitable for you, but they are far too potentially volatile for the majority of investors. Especially inexperienced ones, who would likely be horrified by the scale of losses possible in a big market crash.

These funds are for long term invetments, minimum 5y.

They would be only very risky for someone planning to buy anulty in 5y time or cash-out whole lot in 5y.
For anyone else, they are perfect simple and affordable choice, as long they invest for more then 5y. Longer the better. Yes, there are crashes, but they all recover and level up. Last 5y avg anual return was 15%.