Poor pension return

tails_naf

I just go my annual pension statement, where it shows I invested 12k additional contributions and the pension had a return of -11k, on an overall pot of 150k. It's not only disappointing, but I'm flabbergasted thst in the current climate where stocks are generally high, that anyone could make a 10% loss. Is it just the case that pension firms are not really motivated to provide a decent return, given they are paid anyway?

Is there any pension that allows you to make your own investment decisions (not just pick from one of 4 funds) while still getting the usual tax breaks?

Atlantic Dawn

What stocks is it invested in?

BarryD2

Is that a statement for year ending 2018? If so, check current value. Mine was similar but recovered in early 2019.

Shedite27

Yeah a lot of markets fell in Oct - Dec 2018, but recovered most ot that already in 2019

Jim2007

tails_naf wrote: »

I just go my annual pension statement, where it shows I invested 12k additional contributions and the pension had a return of -11k, on an overall pot of 150k. It's not only disappointing, but I'm flabbergasted thst in the current climate where stocks are generally high, that anyone could make a 10% loss. Is it just the case that pension firms are not really motivated to provide a decent return, given they are paid anyway?

Is there any pension that allows you to make your own investment decisions (not just pick from one of 4 funds) while still getting the usual tax breaks?

Given your analysis of your current fund.... I say you will loose money even quicker if left to your own devices.....

Shedite27

tails_naf wrote: »

I just go my annual pension statement, where it shows I invested 12k additional contributions and the pension had a return of -11k, on an overall pot of 150k. It's not only disappointing, but I'm flabbergasted thst in the current climate where stocks are generally high, that anyone could make a 10% loss. Is it just the case that pension firms are not really motivated to provide a decent return, given they are paid anyway

If a fund isn't making returns, brokers wil start taking money out of the fund and then they won't be paid, so yes they have motivation to provide returns.

tails_naf wrote: »

Is there any pension that allows you to make your own investment decisions (not just pick from one of 4 funds) while still getting the usual tax breaks?

Friends First (now Aviva) have a product called SDIO that allows you to put the pension pot you are building up into whatever shares you want rather than funds. So if you want to put 10% of your pension into Apple shares you can do that.

The J Stands for Jay

tails_naf wrote: »

I just go my annual pension statement, where it shows I invested 12k additional contributions and the pension had a return of -11k, on an overall pot of 150k. It's not only disappointing, but I'm flabbergasted thst in the current climate where stocks are generally high, that anyone could make a 10% loss. Is it just the case that pension firms are not really motivated to provide a decent return, given they are paid anyway?

Is there any pension that allows you to make your own investment decisions (not just pick from one of 4 funds) while still getting the usual tax breaks?

As the charges are based on fund values, the pension firm will get paid less of your find losses money. They'll get nothing if they're bad enough that you move providers.

Any of the pension fund providers will have pensions that allow you to make your own investments. If your pension is provided by your employer, you might not be able to move it to they option though.

Henry Ford III

Who is your adviser OP? You should be addressing your issues to them initially.