Limited choice of pension funds
Discussion
I have an old DB company pension with about £13k in it, and a limited choice of funds to put them in - currently it's all in the Legal & General Global Equities 60:40 fund, but should I look at diversifying it? This choice of funds was from 2013 but I doubt it's changed since. I've not paid into this pension since 2010, and got about 25 years left until I retire so not in a rush.
The 60:40 fund has one-star ratings from Trustnet etc, does that mean it's a bad fund to be in? It's doubled in 7 years, tracked most of the global equities funds there or thereabouts, and the fees within this pension wrapper are 0.3%, doesn't feel that high to me but hey....
An adviser from another company looked at it once and said just to leave everything as it was, as even though there was a limited number of funds it would cost money to transfer it all to a different pension so wasn't really worth it. Good advice?
The 60:40 fund has one-star ratings from Trustnet etc, does that mean it's a bad fund to be in? It's doubled in 7 years, tracked most of the global equities funds there or thereabouts, and the fees within this pension wrapper are 0.3%, doesn't feel that high to me but hey....
An adviser from another company looked at it once and said just to leave everything as it was, as even though there was a limited number of funds it would cost money to transfer it all to a different pension so wasn't really worth it. Good advice?
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