Are my pensions going to be enough?

BlackKnightMonty

https://forums.moneysavingexpert.com/discussion/comment/81900457#Comment_81900457

NEST has multiple funds you can chose in which your money is invested. If you haven’t changed funds it will likely be the default (less risk, less return). You can only choose one fund. I was with NEST for 6 years and chose the Sharia fund. But that is high risk. Not sure if I would choose it if in your shoes. The ethical fund perhaps in your case?

https://www.nestpensions.org.uk/schemeweb/nest/investing-your-pension/fund-choices/compare-fund-performance.html

The NEST high risk and NEST Sharia have had comparable performance to your Aviva pension.

It really depends on what you want here. Do you want to risk losing out with a high risk fund, or play it safe?

textbook

https://forums.moneysavingexpert.com/discussion/comment/81900869#Comment_81900869

It's Currently in Nest Retirement Date Fund. 'recommended' one apparently. Default one. Medium to high risk . You think stay or move to 'ethical fund'? Both mefium-high risk.

12% ok or too high? Payroll just asked me to confirm

Can't seem to see how well my money did when logging in to their site

BlackKnightMonty

https://forums.moneysavingexpert.com/discussion/comment/81901006#Comment_81901006

the retirement date will be lower growth and lower return.

None of the NEST funds are great; the Sharia is prob too risky, the others too risk averse.

https://app.powerbi.com/view?r=eyJrIjoiMzZiNzE1YjAtM2E2NC00MmRhLTk1MmMtYjM4M2YwN2E2MTY1IiwidCI6IjBhNzJmMDMyLTFkMDktNDU3ZS1iYTAyLWU1NjU2OTU0ODZjZiJ9

Albermarle

https://forums.moneysavingexpert.com/discussion/comment/81901247#Comment_81901247

The high risk fund is up 60% in 5 years - almost the same as VLS 80 , so not too bad?

BlackKnightMonty

https://forums.moneysavingexpert.com/discussion/comment/81901903#Comment_81901903

yes the high risk fund looks good on return. But riskier than the ethical fund. Depends on your aims and tolerance.

textbook

https://forums.moneysavingexpert.com/discussion/comment/81901247#Comment_81901247

Would you say Aviva is better than NEST? Certainly looks more professional. Should I not bother increasing money into NEST and put my increases into Aviva?

Aviva went up a lot in last three years

BlackKnightMonty

https://forums.moneysavingexpert.com/discussion/comment/81907333#Comment_81907333

Do you know what the Aviva fund is investing in?

It might be going up more because it has a higher risk profile.

How would you feel about your Aviva fund dropping in value by 50% over the next year?

I’m not saying it will. I have no idea about the fund or the financial outlook.

Personally I have a higher risk profile but keep a tight eye on things and adapt my plan regularly.

I would ask yourself do you want all your money in a higher risk? Some in high and some lower, or all in low.

Yorkie1

https://forums.moneysavingexpert.com/discussion/comment/81907333#Comment_81907333

Your reference to Aviva going up a lot is more likely to reflect the differences between which funds are invested in NEST vs Aviva.

textbook

Ok thxs. Gonna increase Aviva to £200 from £120. Think a conservative plan kicks in 14 years before 67. I'm 52. NEST is £130 /month. The NEST work based one reduce income tax . Is tax taken off after pension deduction?

Think this is an accumulative pot pension so I just spend what I like until run out when I'm retired. I guess end of salary one like police or nurse is better as they get same money until they die? I'm applying yo be pcso or pc partly for this. Also wanna do the job.