Aviva My Future Focus Lifestage Pension?

LeadFarmer

I'm looking at my wife's employers Aviva pension statement, and wondering if we need to take any action?

She is age 53 (has a previous BT pension for 20+ years) and commenced the Aviva pension when she started working for her employer in 2022. However, she was made redundant in December 2025 and is hoping to return to employment soon for a good few years. Therefore it's only a small pension pot…

Aviva Series 6 Av My Future Focus Growth S6 Pension Fund £8,049.77

Aviva Series 6 Av My Future Focus LT (Long Term) Growth LS S6 £7,551.07

Total £15,600.84

So would the advice be to leave the Aviva pension as it is for now until she finds a new job and then consider transferring it to any new employer pension? Or do something sooner?

DRS1

Have a look at the fees/charges and see if she gets a discount. Then when she gets a new job and new pension compare the two to see which is cheapest. And then compare the investment choices to see if they are the same.

LeadFarmer

I'll try and find out their fees, thanks

I'm not sure if the Aviva My Future Focus Lifestage Pension is regarded as being any good, or not?

DRS1

TBH I wouldn't know. But you can look the funds up on Trustnet eg

Aviva Pen My Future Focus Growth Pn S6 Fund factsheet | Trustnet

which shows that the top holdings are the usual suspects. There are threads on here from people worried about exposure to Tech and the US. But maybe this is less exposed to those areas than a global equity ETF like say ACWI

SPDR Share Price (ACWI) MSCI ACWI UCITS ETF (GBP) | ACWI

I don't know ACWI has better performance over 5 years but more recently not so much. And the past is no guide to the future.

Albermarle

Both the funds have around 70% equities, so will have grown pretty well in recent times, despite the current downturn.

Someone with a high risk tolerance would probably say 70% is too low, whilst someone with a low risk tolerance would say it is too high.

Probably best just to wait and see what pension her new employer has.

Altior

Switch incentives are worth keeping an eye on. For example I recently switched to HL for a modest amount, they were giving £200 JL voucher for anything over £10K transfer. Very short tie in, a month or so. Or Freetrade is a very low cost and good platform in my experience, often offer 1 or 2 % cashback with a longer tie in.

If your wife prefers a robo type option where the investment choices are based on assumed risk appetite based on profiling questions, Wealthify are offering £100 cashback for a transfer of this size currently. I liked Wealthify too, the fees are slightly bullish at 0.6% but the software and cs is good in my experience.

I feel like Wealthify is a decent option for someone who is comfortable with some investment risk, but not selecting their own investment choices.