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Keeping/contributing to pensions with low values

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Comments

  • Hugh_Mungus
    Hugh_Mungus Posts: 17 Forumite
    10 Posts First Anniversary
    Prism wrote: »
    After you log in go to the policy benefits page and the annual management charge is listed at the top. For example, my wife's is 0.39%.

    There is no additional charge for that fund

    Thanks. I am just blind, 0.4% management charge for my current account.
  • Albermarle
    Albermarle Posts: 30,312 Forumite
    10,000 Posts Seventh Anniversary Name Dropper
    You're right they are the default funds that I was put on. I take it aged 30, with 35-40 years to go, would be long haul, so could chance a higher risk/reward fund?
    That's the normal kind of advice you will get at your age . To have a 100% equities fund if you feel brave or 80% anyway . You will see more volatility but history shows a very good possibility that you will win over the long term .
    The default funds are a bit more safety first .
  • Hugh_Mungus
    Hugh_Mungus Posts: 17 Forumite
    10 Posts First Anniversary
    Albermarle wrote: »
    That's the normal kind of advice you will get at your age . To have a 100% equities fund if you feel brave or 80% anyway . You will see more volatility but history shows a very good possibility that you will win over the long term .
    The default funds are a bit more safety first .

    Thanks for that. I was contemplating swapping it for a bit more risk/reward. I recently opened VLS 80% so similar level would have been what I would aim for.
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