Your browser isn't supported
It looks like you're using an old web browser. To get the most out of the site and to ensure guides display correctly, we suggest upgrading your browser now. Download the latest:

Welcome to the MSE Forums

We're home to a fantastic community of MoneySavers but anyone can post. Please exercise caution & report spam, illegal, offensive or libellous posts/messages: click "report" or email forumteam@.

    • cambs1999
    • By cambs1999 12th Mar 17, 10:47 AM
    • 30Posts
    • 0Thanks
    Adding to a Scottish Widows Pens Portfolio Two
    • #1
    • 12th Mar 17, 10:47 AM
    Adding to a Scottish Widows Pens Portfolio Two 12th Mar 17 at 10:47 AM

    My husband has a works pension. They are currently paying into Scottish Widows Pens Portfolio Two.

    I've been looking into this pension a bit more, my husband requested a pension without much risk - however it appears to be a medium risk option. Does anyone have any knowledge of this pension, the risk and how it's been performing over the last few years? I've had a quick look and it seems to be doing ok but my knowledge in pensions is pretty much zero.

    With his employer contributions he's currently paying in around 360 per month. We were thinking of upping it by another 70 a month but before we do this we wanted to check whether this would be a wise decision?

Page 2
    • michaels
    • By michaels 14th Mar 17, 9:45 PM
    • 20,697 Posts
    • 95,803 Thanks
    I was playing with the SW lifestyling tool on their website this afternoon. Having answered some very innumerate questions that were supposed to pick up my attitude to rsik they put me in the middle of their rik profile bands and told me that between 15 and 10 years before retirement I should switch from portfolio 2 to portfolio 3 and then over the next 5 years into portfolio 4 etc.

    Portfolio 2 has made pretty good returns over the last year but on most measures performance has been slightly below average over most time frames. Personally I hold with efficient market hypothesis so put above average returns down to luck plus higher risk rather than alpha so am happy with sw.
    Cool heads and compromise
    • bigadaj
    • By bigadaj 14th Mar 17, 9:55 PM
    • 10,816 Posts
    • 7,138 Thanks
    Sorry just read it again, is it 1500 x 12 for annual then x 30 so a pension pot of 540,000?
    Originally posted by cambs1999
    Yes, that's ballpark.

    Shows how valuable defined benefit schemes are, which is now being evidenced by the huge values attributed to transfer values frequently quoted on these boards.
Welcome to our new Forum!

Our aim is to save you money quickly and easily. We hope you like it!

Forum Team Contact us

Live Stats

1,990Posts Today

6,015Users online

Martin's Twitter
  • It's the start of mini MSE's half term. In order to be the best daddy possible, Im stopping work and going off line?

  • RT @shellsince1982: @MartinSLewis thanx to your email I have just saved myself £222 by taking a SIM only deal for £7.50 a month and keeping?

  • Today's Friday twitter poll: An important question, building on yesterday's important discussions: Which is the best bit of the pizza...

  • Follow Martin