Hello - first time post! My work pension is with Aviva and there are a few options I need to consider:
The default scheme means funds into a managed "Mixed Investment 40-85% Shares". Annual charge = 0.43%. This fund is around 80% shares with 28% in UK equities. This seems quite a high allocation to UK to me... as a rookie to this...
There is the option to move to some trackers with lower charges but not so much choice:
BlackRock 50:50 Global Equity Index Tracker (currently 44% UK shares) and the BlackRock World (ex-UK) Equity Index.
I'm trying to work out if it is better to get out of the default scheme and into these trackers, if possible investing into both to try and get more balance...
I understand that there is also the option to move funds from the work pension to a SIPP where I would have more choice, but this feels a bit advanced for me at this stage!
So - my questions - Am I right in thinking I should move to lower annual cost trackers if possible? (I'm trying to find out what the cost will be for these)
And also, am I right to be wary of an over allocation to UK equities?
Any advice much appreciated.