pension fund choosing

[Trustmeimadoctor]

So what's the best way of choosing pension funds?

[PM3]

I googled that exact question
1st hit
https://www.moneyhelper.org.uk/en/pensions-and-ret...

[PM3]

Provider : Platform ease of use, cost basis ( and does it rate as reputable )
Provider : Wide choice of funds / Investments
Platform costs
Fund costs
additional ( hidden ? ) costs
your risk profile
likely length of term
risk profiles of each fund ( high / med low etc )
spread risk mix
Spread currency risk ( USD/EURO/GBP markets etc )

its all rather 101. if not, pay an IFA ( this bit is not a glib statement)

The list is not in priority order ....all should be considered

Edited by PM3 on Friday 30th June 11:39

[OoopsVoss]

Would suggest that term and attitude to risk are top of the list. They are questions about you, often people really haven't thought that through. Once you have that an IFA could guide you and suggest products that much the risk/term profile. The rest can be a bit more of a comparison. Although still a minefield.

[Edible Roadkill]

Just spread it around, different funds & shares you like the look of.

Or just declare fkit only live once & go all in on high risk, retire either a pauper or a millionaire

Nobody on here’s going to be able to advise on what’s best for you.

[Trustmeimadoctor]

I will go throw a dart at a list of all the funds

[bitchstewie]

What PM3 said basically.

This is your pension and it's definitely worth spending some thinking about these things.

I know (hope) the dart board thing is tongue in cheek but that almost certainly won't end well

[Trustmeimadoctor]

It hasn't gone too well so far

But I can't really tell as the providers website is utter garbage

It will only show graphs from the last year and won't show me on graphs how the funds have done

My new ISA has done well tho I'm up 29p

[Shaoxter]

Trustmeimadoctor said:

It will only show graphs from the last year and won't show me on graphs how the funds have done

Google the fund name, the historical prices might be available on another website. But obviously remember historical performance is not an indicator of future performance... especially with some rather exceptional circumstances over the last 5 years.

[bitchstewie]

Start with the basics.

What funds are you in?

[Trustmeimadoctor]

Shaoxter said:

Trustmeimadoctor said:

It will only show graphs from the last year and won't show me on graphs how the funds have done

Google the fund name, the historical prices might be available on another website. But obviously remember historical performance is not an indicator of future performance... especially with some rather exceptional circumstances over the last 5 years.

Indeed I just need the graph that charts the next 20+ years

[scot_aln]

You can always look at the likes of Vanguard who even do target year xxxx retirement funds. Low cost, simple platform. Some might out perform, some might under.