Group Personal Pension - What Funds??

[maillme]

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.

[buildersmate]

Are you sure your company's pension provider doesn't provide a bit of advice to help you with this?

[dasherman]

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.

[maillme]

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