Sounds like a lot on here are learning fast -good!13 Feb 2021 14:30
Like you Steve I have one of my pensions managed and most of that is in the far east and India. I have another Lloyds pension coming very soon that is run by Capita and Uk based. Whilst I was working in London I managed somehow to put 17% of salary into my pension on top of my employers contributions and even though for at least the last 20 yrs we did not have the same holidays, etc,etc others had, I was able to retire early when Brexit came and GBP fell. I then changed my oversees pension funds to prudential who know far more than me, but rather than also bring across my Capita (old Lloyds pension) I am going to draw then soon as the fund value they have for me tells me I only have 12 yrs to live after retirement. I have no intention of that so I will make them pay it out for a lot longer, ha,ha. My own investments built up after retirement 5 yrs ago, not earn my more growth than Prudential and even their own salesman last year said they might have to come to me for some tips as I made more money than they did, ha.ha. At the time of Brexit I did very well in the miners. I still feel they will all come back fast very soon, at the expense of all of the current gamblers who are buying in expectation ICAG, Easyjet, TUI, etc, my feeling is they are NOT out of the woods yet and will see no growth or returns for a couple of years as they pay back their debts - so will suffer future write downs. Good luck one and all next week, I have a feeling will be the start of a good run. We need to get the Trump show off the road and the Stimuli being seriously discussed and then we will be off! Once inflation returns big time we will get a second run as Gold is then the Currency to have, and the big fund Managers will work this out quickly too! I see Standard Life has seen this already!! Good for them to get in first and ride the wave which is how its done!