Keeping things simple approach in an HL SIPP

S50B32

I have recently retired and have a DB pension and 2 workplace DC schemes.

I have just opened an HL SIPP to utilise more of my possible tax relief for the 25/26 tax year.

I would like to aim for 60% global equities, 35% Fixed income/MMF and 5% cash.

Any suggestions for a handful of funds to consider?

Thanks.

El_Torro

Assuming your plan is to have 3 separate funds (or two funds and 5% in cash) then a global tracker for the equities should be fine. Here's a good article on some of the options: https://monevator.com/best-global-tracker-funds/

I'll let others comment on the fixed income / money market fund.

NormalNorman

Last year I had money sitting in CSH2 until a buying opportunity appeared.

dunstonh

When you say cash, are you defining that as being different to STMM? (I assume you mean STMM rather than MMF).

S50B32

@dunstonh yes I mean STMM. I had considered these different to cash although the objective would be to reduce impact of volatility in both cases

Albermarle

https://forums.moneysavingexpert.com/discussion/comment/81937106#Comment_81937106

They are technically different, but when looking at asset allocation in a portflio, you would normally lump them together.

OldScientist

Simplest would be a multi-asset fund (e.g., Vanguard Lifestrategy global 60 would be close enough, although multi-asset funds from other fund houses exist)

Next simplest would be two funds such as a global equities fund and a short duration fixed income fund (short duration forms a compromise between cash and longer term bonds). An example global bond fund would be vanguard global short term bonds, while IGL5 represents a short term gilt fund.

S50B32

Thanks all for the suggestions.