For most people, this will be a very long-term investment, so don’t get too stressed about which fund manager to go with and whether it should be a conservative, balanced or growth fund. If you like, you can even choose a fund because of the colour of the brochure/investment statement. But if you turn 65 in 30 years, a growth fund probably is the way to go. In addition, schemes will acquire some history of returns over the next few years and changing funds should not be a problem. Consider the Shape of Money’s information “Before you Invest”.
The fund doesn’t have to be the one recommended by your employer. And, of course, it is recommended that you use an independent adviser.
|
