Workplace pension
Discussion
My employer pension provider is Aegon and I contribute a percentage of my wage each month as does my employer.
I can opt for an array of different funds to put my pension pot into but at the moment it sits in their standard fund.
Anyone aware of Aegons offerings and can offer some suggestions?
I can opt for an array of different funds to put my pension pot into but at the moment it sits in their standard fund.
Anyone aware of Aegons offerings and can offer some suggestions?
I’m not familiar with Aegon’s offerings but am aware that most employers default scheme funds are generally quite “beige” and you can generally do better picking your own funds from what the provider has to offer.
Caveat being to get some knowledgeable advice on what to switch to.
It’s worth doing as it can make a big difference, particularly if you’ve got a lot of years contributions ahead of you.
Caveat being to get some knowledgeable advice on what to switch to.
It’s worth doing as it can make a big difference, particularly if you’ve got a lot of years contributions ahead of you.
Check my thread in this Finance section on "S&P500 at record highs - time to stay in or pull out?", there is a goldmine of information in there and experience/options on investment strategies for pensions / ISAs and related instruments.
I personally am very heavily invested in US equities (S&P500), others diversify. There is currency risk to overseas market also to consider.
AEGON are a bit more limited in my experience on the funds they offer, my understanding is some bod in HR chooses from a list of available funds and they become available for you to choose. Different companies have different investment options, off the back of what the HR bod chooses. I know this as I have a pension on the AEGON platform, and my wife's company moved to AEGON and the lists are different!
It's not the best platform to be honest. The best I have seen is AJ Bell, their platform has an option to actually trade single company stocks, and even leveraged trades with your pension. It's brilliant. I am betting I will not be able to retire until I am 84 when my pension position becomes liquidized on a highly leveraged position, but it's fun to have the flexibility to do this anyway...
Good luck in your pension investing!
I personally am very heavily invested in US equities (S&P500), others diversify. There is currency risk to overseas market also to consider.
AEGON are a bit more limited in my experience on the funds they offer, my understanding is some bod in HR chooses from a list of available funds and they become available for you to choose. Different companies have different investment options, off the back of what the HR bod chooses. I know this as I have a pension on the AEGON platform, and my wife's company moved to AEGON and the lists are different!
It's not the best platform to be honest. The best I have seen is AJ Bell, their platform has an option to actually trade single company stocks, and even leveraged trades with your pension. It's brilliant. I am betting I will not be able to retire until I am 84 when my pension position becomes liquidized on a highly leveraged position, but it's fun to have the flexibility to do this anyway...
Good luck in your pension investing!
Some years ago now but when the company I worked for froze their DB scheme they offered instead a DC scheme with a “lifestyle “option of fixed funds.
Aviva but then transferred to Fidelity.
They also offered a pick and mix account with managed funds - at a much higher cost that the company agreed to pay for if required.
Out of the 1000 employees less than 10 I think including me went for Managed.
Pound for pound the return was dramatically different.
From memory I picked 7 funds and left them in the pot until I retired early.
Heavy US bias.
Aviva but then transferred to Fidelity.
They also offered a pick and mix account with managed funds - at a much higher cost that the company agreed to pay for if required.
Out of the 1000 employees less than 10 I think including me went for Managed.
Pound for pound the return was dramatically different.
From memory I picked 7 funds and left them in the pot until I retired early.
Heavy US bias.
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