Discussion
I want to start putting away a few extra quid in my pension, ~£350pcm.
I've looked at the AVC's my company offers, and the choice of equity funds is v restricted, essentially a UK tracker & a global diversified tracker (UK, Europe, US, Asia, Japan & Emerging Markets in varying ratio's).
Total AMC is cheap at ~ 0.28%, however, as this in addition to a DB scheme, I wanted to take more risk than the 10% emerging market exposure available to me in the global diversified tracker.
Also, the only bond fund available through the AVC's are long term UK Gilts (5 year +) , which from my research are likely to reduce in value as interest rates normalise?
So my other option is to use a SIPP - I've never managed my own investments before, but would be looking at using low cost trackers, probably with a similar global equity allocation as my AVC, albeit with more exposure to emerging markets.
Opinions? What have others done in a similar position?
I'm 34, so approx. 25 years from planned retirement.
I've looked at the AVC's my company offers, and the choice of equity funds is v restricted, essentially a UK tracker & a global diversified tracker (UK, Europe, US, Asia, Japan & Emerging Markets in varying ratio's).
Total AMC is cheap at ~ 0.28%, however, as this in addition to a DB scheme, I wanted to take more risk than the 10% emerging market exposure available to me in the global diversified tracker.
Also, the only bond fund available through the AVC's are long term UK Gilts (5 year +) , which from my research are likely to reduce in value as interest rates normalise?
So my other option is to use a SIPP - I've never managed my own investments before, but would be looking at using low cost trackers, probably with a similar global equity allocation as my AVC, albeit with more exposure to emerging markets.
Opinions? What have others done in a similar position?
I'm 34, so approx. 25 years from planned retirement.
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