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Group Personal Pension - What Funds??

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maillme | 19:38 Fri 14th Dec 2007 | Business & Finance
3 Answers
Hi there,

I have recently joined a new company and have to choose what funds my pension contributions go into (by percentage).

It is all completely new to me (first pension), and although i understand no one can officially give me "solid financial advice" i would appreciate any comments / idea's people have - or where i can go for some help (without paying an IFA!).

Many thanks,
Neil

P.S. - Pension is with Aegon if that helps.




























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Are you sure your company's pension provider doesn't provide a bit of advice to help you with this?
A lot will depend on your age and your attitude to risk.

If you're quite young - 20's/30's,I would say go for more riskier funds,as although they will be more volatile in the short term,growth in the longer term should be good.

If you're in your 40's/50's then perhaps safer funds would be better.

Or you could of course have a mixture of both.Personally I would try and spread the risk a bit and split it 4 ways(25% in each) and have one 'safe' fund,one risky fund and two mid range funds.

Hope this helps you Neil.
Question Author
thanks for the advice - unfortunatelly, the company i work for is Aegon! lol - and they arent allowed to give me advice,

Im 25 - so i'm thinking 50% high risk and 25% mid risk 25% low risk......

thanks again,
Neil

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