Perhaps during lockdown, you've been tempted to do some financial spring cleaning and checked in on a private pension. But do you know what companies you're actually investing in?
"People will know, in most cases by looking at their pay every month that some money has gone into a pension scheme. But all of the data that we have suggests that they really never log on, check their annual benefit statement, or have any idea of what it is that they're invested in." Part of that is down to the rules for this large pool of pensions. A default fund - the one your money is invested in if you take no action - can only charge a maximum of 0.75% a year, which means a lot of it will follow stock indexes like London's FTSE 100, FTSE 250 or the S&P 500 in the US - so-called passive investments which will include a vast number of companies.
Aegon says half of pension savings using its default fund will soon be in ethical investments and that it plans to slash carbon emissions in its investments. Another challenge is finding those cheap funds which track an index, says Hector McNeil, co-chief executive of European investment platform HANetf., for instance, such funds are harder to come by in the UK."I think in three years' time we're going to be talking a totally different story," he says. He thinks most products will eventually allow customers to veto certain industries at will.Mr McNeil's company has grown from managing $50m to $2.25bn in a little over a year.
Bitcoin and related blockchain technologies.
What a picture with a pint and a cigarette what has it to do with pension.
Across a range of active and passive funds, asset classes and geographies to make sure it’s well diversified, the charges are reasonable and it matches my risk appetite.
Not a social network subject to fraud
ESG funds 👍
Anything but ESG.
The ex wife!
Whatever it is, it will be more ethical than how my taxes have been invested.
Justice!!
Me to have a good time!!
Philip Green's slush fund for a lot of folk.
Cigarettes and alcohol
Pension schemes are a load of rubbish, I'm getting better returns investing less money in my ISA.
Jack Daniel's hopefully 🤔
Trying to afford the compulsory TV licence for a shite channel I don't even watch most probably!
British export companies, British fishing industries, you know, safe stable Businesses that no one without an agenda would jeopardise.
Stella
Booze and fags hopefully.
Why pension with these healthy habits?
Does n't it depend on potentially how much money you are prepared to lose by following a 'woke agenda' rather than financial advisors guidance?
My pension is invested in real estate, a safe portfolio, unlike the stock markets which is extremely high risk. In real estate you never loose your principal , whereas in the stock markets there is potential of loosing all your investment.
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