Of course they do, now. The last PM and Chancellor combined to tank the carry trade.
It’s ridiculous that a 20 year old with money in NEST’s default fund is so heavily invested in Bonds, Gold, Copper, and Silver, as opposed to equity exposure.
We really need reforms here, why can the default fund not just be essentially an aggressive Target Date fund as you may find on Vanguard
Imagine buying into pensions during the 2020 crash and missing out on like 100% returns on a few month’s contributions because you’re invested in shit stuff
Having pension funds be forced buyers of gilts is too convenient for the government not to accept. I can’t see it changing anytime soon.
Alternative title: pension funds destroyed by conservative government lack confidence in conservative government, unwilling to burn money
Based on performance over the last 5 years, investing a lot of my DC pension in UK equities seems unattactive:
L&G PMC World (Ex-UK) Equity Index 3 (Fund ID: NED3) : up 67% in last 5 years
L&G PMC UK Equity Index 3 (Fund ID: NBC3) : up 27% in last 5 years
I guess investing in UK equities avoids some exchange rate risk, but over the past 5 years that doesn’t appear to have caused problems.
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Unpaywalled: https://archive.is/Leom6
Of course they do, now. The last PM and Chancellor combined to tank the carry trade.
It’s ridiculous that a 20 year old with money in NEST’s default fund is so heavily invested in Bonds, Gold, Copper, and Silver, as opposed to equity exposure.
We really need reforms here, why can the default fund not just be essentially an aggressive Target Date fund as you may find on Vanguard
Imagine buying into pensions during the 2020 crash and missing out on like 100% returns on a few month’s contributions because you’re invested in shit stuff
Having pension funds be forced buyers of gilts is too convenient for the government not to accept. I can’t see it changing anytime soon.
Alternative title: pension funds destroyed by conservative government lack confidence in conservative government, unwilling to burn money
Based on performance over the last 5 years, investing a lot of my DC pension in UK equities seems unattactive:
L&G PMC World (Ex-UK) Equity Index 3 (Fund ID: NED3) : up 67% in last 5 years
L&G PMC UK Equity Index 3 (Fund ID: NBC3) : up 27% in last 5 years
I guess investing in UK equities avoids some exchange rate risk, but over the past 5 years that doesn’t appear to have caused problems.