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@. Skimlinks & other affiliated links are turned on

Search
  • FIRST POST
    • msnau
    • By msnau 17th May 19, 8:47 AM
    • 3Posts
    • 1Thanks
    msnau
    Fidelity: stay, change, or move?
    • #1
    • 17th May 19, 8:47 AM
    Fidelity: stay, change, or move? 17th May 19 at 8:47 AM
    I am relatively new to investing. I've read Tim Hales book on investing, and also the Ramit Sethi's book on personal finance.

    I have a question regarding my Fidelity Group Pension Plan. I'm not happy with its performance and was hoping for some advice on what to do: stay put, change funds, or move to SIPP?

    The fund is called FIDELITY MULTI ASSET ALLOCATOR GROWTH FUND - CLASS 5. It has a TER of 0.5%.

    Total contributions made is £92k - I stopped paying into it mid-2017. Since then, its value has dropped to £85k in 2018, and is currently valued at £89k in 2019. In short, I've continuously lost money in it and so losing confidence as well.

    I have about 20 years until retirement. This fidelity pot represents my main retirement wealth so my risk attitude is medium for this pot. Fidelity will only let me change the funds to a limited number of funds (I'll paste this list at the bottom of my post).

    I've also been dabbling in other smaller investments in my SIPP and ISA (held in interactive investor) - using a mix of trackers, and the Money Observer growth portfolios - with mixed results. I have had a higher risk attitude towards these smaller investments. I've currently breaking even on these.

    For the fidelity fund:
    1. Are the Fidelity losses expected given the stock market fell in late 2018? Am I overreacting?

    2. From the list of available funds, I am considering changing to following:
    [70%] Fid BlackRock World (ex-UK) Equity Fd C1
    [10%] Fid BlackRock UK Equity Index Fund Cl 1
    [10%] Fid Standard Life Global Real Estate
    [10%] Fid BlackRock Emerging Markets Fund Cl 5
    I regularly put cash into a Savings account which I am using using as a replacement to bonds.

    3. Alternatively, should I move just move everything from Fidelity and put it into my SIPP, and invest in mix of trackers and active funds?



    List of Fidelity funds:
    Fid Aberdeen Life UK & Glbl 50/50 Eq Cl4
    Fid Aberdeen Life UK & Glbl 70/30 Eq Cl5
    Fid Aberdeen Life UK Equity Fund Class 4
    Fid Baillie Gifford 6040 WorldWide Eq C5
    Fid Baillie Gifford UK Equity Focus Cl5
    Fid BlackRock Corp Bond Fd All Stocks C1
    Fid BlackRock Emerging Markets Fund Cl 5
    Fid BlackRock European Equity Indx Fd C1
    Fid BlackRock Global Equity 50/50 Fnd C1
    Fid BlackRock Global Equity 70/30 Fnd C5
    Fid BlackRock Japanese Equity Indx Fd C5
    Fid BlackRock Long Term Fund Class 1
    Fid BlackRock Ovr 15Yr UK Gilt Idx Fd C1
    Fid BlackRock Ovr 5Yr I-L-Gilt Fund C1
    Fid BlackRock Pac Rim Equity Index Fd C5
    Fid BlackRock UK Equity Index Fund Cl 1
    Fid BlackRock US Equity Index Fund Cl 1
    Fid BlackRock World (ex-UK) Equity Fd C1
    Fid BR 3070 Cur Hdgd Global Equity Cl5
    Fid Diversified Growth Pensions Fund Cl5
    Fid Emerging Markets Eqty Pensions Fd C8
    Fid European Equity Pension Fund Class 2
    Fid F&C Responsible UK Eq Growth Fd Cl1
    Fid Global Equity 5050 Pensions Class 2
    Fid Global Equity 6040 Pensions Class 2
    Fid Global Equity 70/30 Pensions Fd C2
    Fid Global Focus Pensions Fund Cl4
    Fid Standard Life Global Real Estate
    Fid International Equity Pension Fund C2
    Fid Japan Smaller Cos Pensions Fund C4
    Fid Japanese Equity Pension Fund Class 2
    Fid JPM Life Global Dynamic Fd Class 5
    Fid JPM Life UK Specialist Equity Cls 5
    Fid Lazd UK Omega (was UK Alpha) Fd Cl9
    Fid Mellon Long Term Global Equity Cls 8
    Fid Multi Asset Defensive Pens Fund Cl5
    Fid Multi Asset Strategic Pens Fund Cl5
    Fid Newton 50:50 Global Equity Fund Cl 5
    Fid Newton Global Equity Fd C5
    Fid Newton Long Corporate Bond Fund Cls5
    Fid Newton Real Return Fund Class 5
    Fid North American Eqty Pensions Class 2
    Fid Pacific Equity Pensions Fund Class 2
    Fid Pre-Retirement Bond Pensions Fd Cls5
    Fid Riv and Merc UK Dynamic Eq Fund Cl9
    Fid River and Mercantile UK High AlphaC9
    Fid River and Mercantile UK Sml Comp C9
    Fid Schroder QEP Global Active Value C9
    Fid Standard Life Global Real Estate C5
    Fid Standard Life Managed Fund Class 5
    Fid Standard Life Overseas Fund Class 5
    Fid Standard Life UK Equity Select Cl5
    Fid UBS Global Allocation Fund Cl5
    Fid UK Aggregate Bond Pensions Fund C5
    Fid UK Equity Pensions Fund Class 2
    Fidelity American Special Sits Pen Cls 4
    Fidelity Artemis Global Capital Fund C9
    Fidelity Artemis UK Special Sits Fnd C9
    Fidelity BlackRock Cash Fund - Class 9
    Fidelity BlackRock Consensus Fund Cl 1
    Fidelity Cash Pensions Fund Class 5
    Fidelity European Opportunities Pen C4
    Fidelity Global Special Sits Pen Fund C4
    Fidelity Henderson High Alpha UK Equity
    Fidelity HSBC Life Islamic Fund Class 4
    Fidelity Index Linked Bond Fund Class 5
    Fidelity Invesco High Income Fund Cls4
    Fidelity Invesco UK Growth Fund Class 9
    Fidelity JPM Life Balanced Fund Class 5
    Fidelity JPM Life Diversified Grth Fd C5
    Fidelity JPM Life Global Equity Fund Cl5
    Fidelity Lazard UK Omega Fund Class 9
    Fidelity Legg Mason US Equity Fund Cls8
    Fidelity Moneybuilder Growth Fund Class4
    Fidelity Multi Asset Growth Pens Fund C2
    Fidelity Newton Global Balanced Fd Cls 5
    Fidelity Newton UK Equity Fund Class 5
    Fidelity Pensions Annuity Fund Class 5
    Fidelity Schroder Diversified Grth Fd C5
    Fidelity Select Global Equity
    Fidelity Special Situations Pensions C4
    Fidelity Standard Life GARS Fund Class 5
    Fidelity Threadneedle Property Fnd Cls 5
    Fidelity UBS UK Opportunities Cl5
    Fidelity UK Corporate Bond Fund Class 5
    Fidelity UK Long Corp Bond Pen Fd C5
    Fidelity WealthBuilder Fund Class 4
    Fidelity Worldwide Special Sits Pen C4
    Multi Asset Alloc Defensive Fund Class 5
    Multi Asset Allocator Balanced Fund Cl 5
    Multi Asset Allocator Growth Fund Cl 5c
Page 1
    • ColdIron
    • By ColdIron 17th May 19, 9:16 AM
    • 5,213 Posts
    • 7,088 Thanks
    ColdIron
    • #2
    • 17th May 19, 9:16 AM
    • #2
    • 17th May 19, 9:16 AM
    1. Are the Fidelity losses expected given the stock market fell in late 2018? Am I overreacting?
    Originally posted by msnau
    Yes I think you are. Those figures are in line with returns over the last couple of years which is, after all, a very short period. Markets are not linear, they go up and down, a truism that doesn't diminish with repetition
    • Albermarle
    • By Albermarle 17th May 19, 3:03 PM
    • 751 Posts
    • 427 Thanks
    Albermarle
    • #3
    • 17th May 19, 3:03 PM
    • #3
    • 17th May 19, 3:03 PM
    Are the Fidelity losses expected given the stock market fell in late 2018? Am I overreacting?
    This fund is a pretty standard multi asset fund . As you have the growth version then this means you should see good growth in good times, but when markets fall your fund will also fall. Markets dipped sharply in 2018. Suggest you check the following before making any changes :
    1) The value of the fund today as markets have largely recovered from the 2018 dip.
    2) The growth of the fund during the previous few years and I think you will be pleasantly surprised , even taking into account ongoing contributions during that period
    • msnau
    • By msnau 18th May 19, 9:20 AM
    • 3 Posts
    • 1 Thanks
    msnau
    • #4
    • 18th May 19, 9:20 AM
    • #4
    • 18th May 19, 9:20 AM
    Thank you Albermarle and ColdIron. Youíve helped put things into perspective. Iíll continue keeping an eye on it. Hopefully, the fund will break even soon (itís still below by a couple of thousand).

    I downloaded the funds latest info doc. Itís now 60% equities, and 40% bonds.

    This is very different to when I last checked in 2016: back then it was 45% equities, 20% cash, 20% commodities, 13% bonds, 7% property, and 5% Tactical overlay (what is that?).

    Iím guessing the shift to 60:40 is a defensive move?
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

2,598Posts Today

5,212Users online

Martin's Twitter
  • Mini MSE is on half term next week, so I'm excited to be taking the week off to be daddy. As normal I'm signing of? https://t.co/G3366shWh1

  • I once blurted out on @gmb "Theresa May hasn't been given a poisoned chalice - she's been given a poisoned chalice? https://t.co/onfRbY3XVg

  • It'd be fascinating to know how history will judge Theresa May's premiership. Currently, it is hard to see it as a? https://t.co/eH77G0O9LA

  • Follow Martin