pension uncertainty

[Blackpuddin]

What's the feeling re pension pots at the moment? My latest Standard Life SIPP statement has given me the glad tidings of a reduction in value over the last year. Given that I'm also paying them 0.7% of the value every year, the mattress is starting to look attractive. I have no knowledge or interest in pensions other than the basic one of not wanting to watch it disappear like snow on a warm day.

[Blackpuddin]

Thanks for the advice. I certainly wouldn't be having a flutter in the stock market casino so I guess I've got no option other than to try and winkle the wonga out of them without bequeathing a fortune to HMRC, which may be impossible, and then blow the lot on a couple of (hopefully appreciating) classic cars.

[Blackpuddin]

coetzeeh said:

Hang in there, what goes down must go up . I'm in a similar boat.

Must it though? I should never have watched X Files last night. As part of the new world order Mulder was predicting the instant disappearance of all digital money.

[Blackpuddin]

From what I can understand of this paperwork 53.9% of my pension funds are in a SL SIPP bank account, the rest is in three SL investment policy funds (Mixed Bond, Multi-Asset Management and Annuity Purchase). If that means anything to anyone.

[Blackpuddin]

Ozzie Osmond said:

Blackpuddin said:

53.9% of my pension funds are in a SL SIPP bank account

...then do something about it, because that's almost certainly going backwards relative to inflation.

Thank you. I'm not sure how it ended up like that. In the last consultation I had with the adviser we agreed on 50% in the bank and the other 50% managed funds.
What would the PH view be on a reasonable %age to have in the bank? Of course, no blame or indeed profit share will accrue to the PH adviser.

[Blackpuddin]

GT03ROB said:

Blackpuddin said:

Thank you. I'm not sure how it ended up like that. In the last consultation I had with the adviser we agreed on 50% in the bank and the other 50% managed funds.
What would the PH view be on a reasonable %age to have in the bank? Of course, no blame or indeed profit share will accrue to the PH adviser.

How old are you?

25 - 0%
65 - a heck of a lot more!!

Sorry for the delay in replying, we've been trying to find a pub serving food. Anyway, the answer is I'm 61 but still working, albeit as the director (and only worker ) of a limited company. Stopped paying into the pension (a benefit of previous employment) many years ago.