Thank you for all the advice.
I have read that recommended thread
@Brendan Burgess and although informative I do not yet understand all of it.
To give an idea of where I'm starting from, I had to look up the difference between equities & bonds!
My organization is with WIllis for pensions.
All the lifestyling options start moving investments from equities to bonds, all that differs between the options is the amount, and how early before retirement this happens.
To stay fully invested in equities, I have to go self directed (and accept the risks about 10 times before the system allows it).
A friend in the pensions industry heavily advised against this, saying lifestyling is better for the financially illiterate and he has seen too many people mis-manage thier own pensions, but this may just be risk aversion.
Just to reiterate, before today i did not know the difference between bonds and equities, so self directed is not something I believe I am skilled enough to do.
If I chose self directed, my fund options are as listed below.
I probably have to research each of these funds to decide what my best options are.
For the financially illiterate, its an intimidating system, having to click "i accept the risk" at every turn, and I may be better to pay for advice but with mAjor companies still recommending lifestyling, who's to say paid for advice will be any better. Nothing is straight forward!
Fund | Willis Risk Profile |
NT Euro Liquidity Fund | Very Low |
NT High Quality Euro Government Bond Index Fund | Low to Medium |
NT Euro Government Inflation Linked Index fund | Low to Medium |
NT World Custom ESG Equity Index Fund hedged | High |
NT World Custom ESG Equity Index Fund, unhedged | High |
NT Emerging Markets Custom ESG Equity Index Fund | Very High |
ASI Gobal Corporate Bond Fund | Low |