Standard life insvestment options?

neas

Hi i'm 24 and just recently started to get clued up about pensions.

I've been with my company for 2.5 years... on a final salary scheme pension looks somethng like this:

1% for every year worked... of final salary (max 40%)
+ Retirement account annuinity

I pay 4% for the final salary bit and company pay 2% of my salary also into the Retirement account.

Now the retirement account is managed by Standard Life and I was until recently not bothered where it was invested (i know stupid... I was younger.. and just cared about the job not the pension etc). Now however I've got clued up a bit.

the 2% was being invested into Standard Lifes Managed Fund (50%), Interest Fund (20%) and Sterling Fund (30%)... I've looked at the gain and its pretty low (like 3-4%).

I've gone and chanegd my investments to 100% in International scheme... its higher volatility but at my age... I got 40 years to ride it out etc. Do you think this was a wise move? I mean you've got to take a risk to gain something... Otherwise my pension would be worth alot less.

EdInvestor

What is the actual fund choice?While it's true the original choice was too conservative for your age, it's not usually advisable to put all eggs in one basket.

neas

Standard Life International Fund
Im not gonna put it into property or uk equity/ftse, interest or sterling at the moment as these are going tips up/too conservative.

So that leaves me International Volatility 5 rating., which is more risky but invests in international markets... There werent many other fund options baring these.