Is one fund better than another?
It is extremely hard to judge how ‘good’ a pension fund is, because they are all individual and tailored by you. The best pension or investment funds should fit with your own personal exposure to the markets, whether they’re equities, fixed interest or property, amongst others. It’s about how comfortable you feel about investing in certain markets.
So, we could have one person with 20% exposure to UK Equities and the next client more comfortable with 80%. This all links back to the financial review process that each client should receive from their financial adviser.
It is crucial that when looking where to invest, one gets the best possible insight into the market. For example an investment in equities should be made depending on live market conditions. Any investment should run for at least five years in order to receive increased benefits.
A good mix of pension or investment funds comes from either a well managed fund, or if you are more comfortable with it, a list of more specific funds.
At the end of the day, your pension and investment plans need to be reviewable and competitively charged. That’s why it’s essential to discuss your situation with an IFA.
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