does any one have any experience of nutmeg as a pension provider , currently with penfold and its lost 300 in the space of 5 months
If it’s invested in the markets like most pensions are them yeah it’ll be down at the moment due to Ukraine, COVID, etc etc. Pensions are there for the long term, it’ll rebound when / if the world gets back to a new normal.
1st step you need to take is find out what they invest in, then can you move the split to other areas that might be performing better. I don’t look at what mine is doing other then the annual statement. In the round it goes up every year.
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thanks was thinking of moving it as im not getting any younger but yeah what you say kinda makes sanse 
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How young are you? Losing value isn’t so much of a problem if you’ve got decades to go before you draw down your pension, and lower unit costs mean you get more units when they’re cheap.
You’ll need to compare how one provider is doing against your current one, no one else will be able to do that for you, except for maybe an actuary. You’ll also need to compare charges. Good luck.
im in my 50s thats why the loss is concerning me
Does Penfold taper its investments so you’re less exposed the closer you get to retirement? Most pension schemes will be exposed to the market in some form, but reputable providers will hedge your exposure as you get older.
im on a plan that is supposed to foucs on growth to age 59 , i get the markets are volatile and that things go up and down but it seems such a dramatic drop in such a short time , both nutmeg and penfold have the same 0.75% fee
So have my investments with NatWest but they’re on the way back up as I imagine will be your pension
Maybe wait a few months and see if it’s still bad then?
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yeah that sounds like an idea dont want to move it just for the sake of moving it if that makes sense
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Penfold have rather high platform fees (0.40 - 0.88%). You could go with Vanguard who only charge 0.15% p.a. for their SIPP and invest in one of their Target Retirement funds, which will gradually move to a more conservative asset allocation as you approach your chosen retirement date.
As others have said, though, equities have dropped so far this year. You would usually smooth the volatility with bonds, but they are also dropping due to rising inflation. Seasoned investors usually take the opportunity to invest more at these times (i.e. buying the dip) as the market has always recovered eventually in the past. However, past performance shouldn’t be relied on to gauge future results.
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By 300, I guess you mean 300k?
I would really consider an independent financial advisor before you make any moves. Moving now could make things much worse, like if you move to a fund that holds more cash and bonds you could solidify that loss by buying investments that will not go up again.
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ha ha no i wish i had 300k
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