Help me pick a pension fund, please

P911TRS

Hi all,

I’m working for a new company and I’m wanting to see what pension fund you think would be best for me (I’m not overly clued up on this sort of thing). I’m 40 years old, would hope to retire at 62 latest and obviously want to grow my pension pot as much as possible by then. Could you give me your thoughts on what fund would be better for me? I’ve had a look at them all and these are the ones that look the best, being 40 I thought I’d go a bit more aggressive as I will hopefully have time to ride out any bumps. My new pension provider is Fidelty.

Currently in: 

Futurewise Target 2050 class 7

Looking at: 

Fideltiy BNY Mellon Global Equity fd C15

Fidelity ACS US Equity Tracker Index C5

I can provide all my pension details from pension pots/final salary if that helps 

thanks 

El_Torro

Since you are 22 years away from retirement you can probably look at a global tracker (100% equities), at least for the next 10 years, maybe more. 

I would say neither of the two funds you are looking at are ideal but the Global Equity fund is a lot better than putting all your money in the US.

dharm999

Do you have any other pensions, and if so, what are they invested in

P911TRS

Yes I have a final salary pension that was closed (I have 11 years contributions in that) and I have a pension with legal and general invested in PMC BNY Mellon global equity fund G17 (this has no further contributions now due to me starting with a new company) I can give figures if that helps?

P911TRS

El_Torro said:

Since you are 22 years away from retirement you can probably look at a global tracker (100% equities), at least for the next 10 years, maybe more. 

I would say neither of the two funds you are looking at are ideal but the Global Equity fund is a lot better than putting all your money in the US.

Thanks, yes the solely investing in the US part did worry me a bit, I’ll have a look and see what global equity ones they have 

P911TRS

El_Torro said:

Since you are 22 years away from retirement you can probably look at a global tracker (100% equities), at least for the next 10 years, maybe more. 

I would say neither of the two funds you are looking at are ideal but the Global Equity fund is a lot better than putting all your money in the US.

They do have the BNY Mellon global equity fund class 5. Do you know much about this?

El_Torro

Cammywatson033 said:

El_Torro said:

Since you are 22 years away from retirement you can probably look at a global tracker (100% equities), at least for the next 10 years, maybe more. 

I would say neither of the two funds you are looking at are ideal but the Global Equity fund is a lot better than putting all your money in the US.

They do have the BNY Mellon global equity fund class 5. Do you know much about this?

I have no first hand experience with this fund but looking at the factsheet it looks fine to me. It's essentially a global tracker.

P911TRS

El_Torro said:

Cammywatson033 said:

El_Torro said:

Since you are 22 years away from retirement you can probably look at a global tracker (100% equities), at least for the next 10 years, maybe more. 

I would say neither of the two funds you are looking at are ideal but the Global Equity fund is a lot better than putting all your money in the US.

They do have the BNY Mellon global equity fund class 5. Do you know much about this?

I have no first hand experience with this fund but looking at the factsheet it looks fine to me. It's essentially a global tracker.

Thanks for your help, would you move from the current fund I am in to this one then if you were in my shoes? I’ve also spotted another global fund but this one excludes the UK (don’t know if that’s a good thing or not) it’s called ACS WORLD EX UK EQUITY TRACKER FUND CLASS 5. The returns over the last 5 years have been better than the other ones, would you be able to give me your opinion on that one and whether it’s better than the others? 

SVaz

Just pick a simple All World tracker then forget about it for the next decade.  Trying to choose, or leave out, a market sector is like trying to juggle with jelly.

dunstonh

 I’ve also spotted another global fund but this one excludes the UK (don’t know if that’s a good thing or not) it’s called ACS WORLD EX UK EQUITY TRACKER FUND CLASS 5. The returns over the last 5 years have been better than the other ones, would you be able to give me your opinion on that one and whether it’s better than the others? 

That fund exists to be used in conjunction with a UK fund to allow the investor to select their level of home bias.

Just like the US equity fund exists to be held with a portfolio of other funds and not in isolation.