pension performance

coinneach1

Is it possible to find out how pensions have performed on average over the past 18 months/ 2 years?
I appreciate that it is a very open question and that some sectors will have outperformed others.
The reason I ask is that I had my pension was in a fund that wasn't performing very well and I was advised to change to SIPP, this was approx 20 months ago.
My most recent statement shows that my pension is continuing it's downward spiral and I would like to know if this is the norm.
I understand that pensions are viewed as long term investments, but, at my age (52) I really think it would be better to put my money into higher interest banks like Icesave / kaupthing edge as recommended by Martin?
I would appreciate any feedback.

EdInvestor

A pension is just a tax wrapper.The investment of the money inside the wrapper is a separate issue.

What fund(s) was your money invested in before?

Which ones is it invested in now?

At the moment most markets ( shares, property, bonds) are in a downturn, which happens from time to time.They will recover, be patient.

With 15 years to go till you retire it's far too early to switch into cash.You would lose a lot if you did that.

dunstonh

2007 was generally a bad year for most investments apart from the higher risk end. We are back to around Feb 2006 prices currently.

coinneach1

Thanks for the replies.

Current investments through the sipp centre.

invesco fund managers - perpetual high income acc nav
swip uk icvc european real estates a accum
artenis fund managers ltd income acc
gartmore fund managers uk focus retail a nav
schroders unit trusts income a acc

All accounts evenly spread.
Do you think these are good to hold for 10 years or so?

Again, thanks for your input

whiteflag_3

Funds are fine

out of interest who recommended the SIPP?

EdInvestor

whiteflag wrote: »

out of interest who recommended the SIPP?

Must have been an IFA as it's through Sippdeal's advisor arm.

dunstonh

Nothing wrong with the recommendation apart from perhaps you need a bit more "training" to understand how these work. I would suggest you contact the IFA again for update and ask them if they can explain in a bit more detail so you can understand your investments.

purch

my pension was in a fund that wasn't performing very

Where was the Pension held before, and what was it invested in ??