Pension fund performance - do you monitor yours, how is it doing, do you actively change it?

I think i may move more into my pension soon. I'm currently at 7 or 8 pc.
But I'm thinking my isa is probably a bit high vs my pension.
I'm still aiming to only put in what's above 40pc tax though.

(isa is worth 50 percent of my pension pot)

I can probably go to 10pc but no higher or it will be impacting luxuries.

I'm guessing this is provider depending. But are there any restrictions on moving part of Work place pension (ie 90 percent) into SIPP? Ie should I do it once a year? Or monthly?

Hopefully it won't make much difference as I've tried to move my work place pension into a more aggressive fund than the shocking default.
 
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tangey said:
Anyone got prior experience of a timeline to transfer a pension from L&G to vanguard ?

Also what is the significance of EFT in the vanguard fund names ?
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no idea about L&G but I had a transfer for Aegon which took about 6 weeks and one from Royal London which took a couple of days so it looks like it can take a very variable amount of time.

Main things about ETF (Exchange Traded Funds) is that you can only buy full units and the fees can often be lower.
 
Hearing about the reduction of NI over time to eventually binning it - kinda need to know what the plan would be to calculate state pension instead of using NI years. Can imaging them devising a calculation that required people to work more years.
 
Unfortunately my workplace uses nest, which take's a shocking 1.8% of all contributions PLUS a 0.3% management fee. And nest does not allow a transfer out until all contributions are stopped.

I hear it's the easy choice for companies as nest doesn't charge the company anything. (unsurprisingly)
 
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tangey said:
Anyone got prior experience of a timeline to transfer a pension from L&G to vanguard ?
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Don’t know if it applies to you, but I was going to move a small company scheme with L&G to Vanguard, that received the last contribution on the 7th June, but Vanguard say you need to wait 3 months since the last contribution before transferring it
 
tangey said:
Anyone got prior experience of a timeline to transfer a pension from L&G to vanguard ?

Also what is the significance of EFT in the vanguard fund names ?
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Yes, done it a couple of times. From memory it takes about 3 days. Do it from within your Vanguard account - its really simple.
 
Pipe & Slippers said:
Don’t know if it applies to you, but I was going to move a small company scheme with L&G to Vanguard, that received the last contribution on the 7th June, but Vanguard say you need to wait 3 months since the last contribution before transferring it
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AS it happens my last contribution was before that, but thanks for that

doogs said:
Yes, done it a couple of times. From memory it takes about 3 days. Do it from within your Vanguard account - its really simple.
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excellent, sounds pretty quick.
 
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tangey said:
Unfortunately my workplace uses nest, which take's a shocking 1.8% of all contributions PLUS a 0.3% management fee. And nest does not allow a transfer out until all contributions are stopped.

I hear it's the easy choice for companies as nest doesn't charge the company anything. (unsurprisingly)
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Oh really?? I started a transfer yesterday with the intention to move my employer contributions over to vanguard every few months... Guess this is a stickler. Why do they make pensions so ridiculously cumbersome. It's easy to see why Joe public don't care, must be costing the country a bomb in missed opportunity
 
tangey said:
Unfortunately my workplace uses nest, which take's a shocking 1.8% of all contributions PLUS a 0.3% management fee. And nest does not allow a transfer out until all contributions are stopped.

I hear it's the easy choice for companies as nest doesn't charge the company anything. (unsurprisingly)
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That is outrageous.
 
tangey said:
Unfortunately my workplace uses nest, which take's a shocking 1.8% of all contributions PLUS a 0.3% management fee. And nest does not allow a transfer out until all contributions are stopped.

I hear it's the easy choice for companies as nest doesn't charge the company anything. (unsurprisingly)
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And on top of that they have transaction costs as well. That's quite a money spinner for Nest, not so much for those who are invested, the vast majority will have no idea.

Going to watch this now - I thankfully don't have any pensions with this lot but this guy knows what he is talking about.

 
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OldKitMan said:
And on top of that they have transaction costs as well. That's quite a money spinner for Nest, not so much for those who are invested, the vast majority will have no idea.

Going to watch this now - I thankfully don't have any pensions with this lot but this guy knows what he is talking about.

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Those fees are awful. That said, looks like the returns have been really good.
 
Nest doesn't have extra transaction costs

These charges are made up of two parts:

a contribution charge of 1.8% on each new contribution into your pot
an annual management charge (AMC) of 0.3% on the total value of your pot each year

There are no hidden costs when you save with Nest - these two fees are all you pay. We don’t charge you for switching your fund, changing your retirement date, transferring your pot or any other services.

The money you pay covers everything that’s needed to manage your pension, including:

the cost of administering members’ pension pots
management fees for investing your money
transaction costs
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But 1.8% of all contributions plus 0.3% per year is pretty high. Especially at the start, that contribution charge is going to eat into early growth.

Returns with the default fund for me "retirement fund 2030", etc, were pretty poor. I hadn't really looked at it in detail since my company like most were force to do a workplace pension (around 2016 I think). I've had a personal pension since they first came out in the 80s. When I looked at the details for the first time last sept, I reckon the overall nest balance was only slightly better than what it would have been with the money just in a fixed interest term account. For example the 10 year return for their "retirement fund 2024" is 6.1%. Taking into account where inflation was for a year or 2 of that, and in real terms over those 10 years, the growth wasn't a lot. Their risk adverse tapering would have kicked in for that of course. IN the last 12 months that 2024 fund got 9.7%. Their 2040 fund got 14.3%

For me the fund which stood out back in Sept was the Sharia fund. So I switched to that, and it definitely has given better returns in the last year, albeit my nest is quite low.

Apparently Sharia funds in general have been outperforming in the last couple of years, but it's mostly due to the fact that their ethos does not allow investing in bonds or similar instruments, and so they have been more exposed to the magnificent seven than the majority of other funds.
 
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tangey said:
Anyone got prior experience of a timeline to transfer a pension from L&G to vanguard ?

Also what is the significance of EFT in the vanguard fund names ?
Click to expand...

6-8 weeks generally - some companies use "origo" which is a faster system between companies - however some companies still do bank transfers for payments etc which takes longer.
 
Selekt0r said:
Labour drops plan to reintroduce pension saving cap
I expect it's probably not by choice for Labour to do this, but just reflective of the complexity of reintroducing it in a way which a) doesn't cause even more senior NHS consultants to decide to fully retire and b) doesn't have other unintended consequences to the way in which people decide to save for their own retirement.
£1M sounds like a crazy large amount to have in a pension pot but over time (and inflation) many will need to have this sort of amount saved in order to have a comfortable retirement - especially if they have any aspiration to retire a bit early.
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£1million is not a lot these days if you have a good pension scheme/started early.

I've got a friend who's already breaching LTA in his late 40's due to decent earnings and very good pension scheme via NATS where he works....
 
Anyone limited to aviva what do you use?

My WPP is in aviva, definitely not the worst provider.

I'm considering upping my contribution to 10pc to basically swallow up all my non bonus 40pc tax and avoid the 2pc NI too. Then come bonus time I can either add it to my SIPP or spend it.

I don't think I need that money as I usually save into my isa. But I'm happy for now how much I have in there.


So yeah, as my aviva grows quite a lot month on month I should probably think more about what it's in.
 
I had a number of old company pensions I did nothing with and didn't monitor. I've transferred most of them into an actively managed pension account and it's performing well, which is offset slightly with the higher than average fees you'd pay, but overall I'm optimistic with it.
 
413x said:
Anyone limited to aviva what do you use?

My WPP is in aviva, definitely not the worst provider.

I'm considering upping my contribution to 10pc to basically swallow up all my non bonus 40pc tax and avoid the 2pc NI too. Then come bonus time I can either add it to my SIPP or spend it.

I don't think I need that money as I usually save into my isa. But I'm happy for now how much I have in there.


So yeah, as my aviva grows quite a lot month on month I should probably think more about what it's in.
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Just go for whichever one is a passive world tracker.
 
200sols said:
Just go for whichever one is a passive world tracker.
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At the moment it's in blackrock world ex-uk equity index tracker s6.

Wasn't so bothered when I started i just moved it from default to something higher risk with a decent 5 year performance.

I guess that's a all world without UK.
 
Do you keep the same funds / risk in both S&S ISA and Pensions?

Have gone for Developed World VHVG in my Pension and leaving it alone until retirement but exploring options for S&S ISA. Play it safe with same or VWRP or go more risky with VUAG.

ISA would be left alone for circa 10-15 years until need to dip into it for helping the kids.
 
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