AVC Opinion

benz

In a previous post I made a request for pension fund information which was obviously too specific, as nobody replied.
Since then I contacted a pension advisor I knew many years ago, but 7 weeks after completing the questionaire, I’m no further on and I want to start the ball rolling again
Could I have someone’s opinion on the following please -
In a general way, what sort of AVC funds should someone who is within 3 years of retirement be looking at? E.g. Cash?, Fixed Interest/Gilts?, Index Linked?, Discretionary?.
Thank you.

EdInvestor

What is your AVC fund invested in now (and who is the provider)?

benz

What is your AVC fund invested in now (and who is the provider)?

With Profits Fund, plus Discretionary Fund, plus International Fund - Prudential. I also have a choice of 10 L&G funds.

If it makes any difference, upon retirement I intend taking all of it as a tax free lump sum as it will be less than 25% of my total pension fund.

royeee

You need to list what the fund options are for your AVC. My AVC (actually APC) has a Pre-retirement Fund option which is geared for those retiring within 7 years which has a balanced risk. Cash Fund is probably the lowest risk/gain and other Funds subject to volatile situations such as is now.

benz

Sorry for the delay, my job took me away for a week.

BTW I've 2 & 1/2 years before retirement.

These are the funds available -

Pru M&G Cash
Pru M&G Fixed Interest
Pru Global Equity
Pru M&G Index Linked
Pru M&G International Fund
Pru M&G Discretionary Fund
Pru M&G Property Fund
Pru M&G UK Equity
Pru M&G With Profits

The L&G funds
1. Lifestyle Strategy
2. Global Equity Fund
3. UK Equity Fund
4. World (ex-UK) Equity Fund
5. Over 5 Year Index-Linked Gilts Fund
6. Corporate Bond Fund
7. Bond Fund
8. Pre - Retirement Fund
9. Cash Fund
10. Property Fund