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Option to choose fund
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koolishy67
- Posts: 665
- Joined: 04 Nov 2010, 21:02
- Gender: Male
Option to choose fund
Quick question with this new pension do we allow to choose fund? Like example Sharia fund or something like that because royal mail trusty's record is not good with chooseing a fund thanks
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RobertT
- EX ROYAL MAIL
- Posts: 6644
- Joined: 09 Sep 2007, 14:26
- Gender: Male
Re: Option to choose fund
No. The new pension is a collective scheme, which means the money will be invested in a similar way to a Defined Benefits scheme, such as a final or career average salary pension.
The RMCPP will probably employ at least 20 different fund managers to invest ours and RM's contributions. That way they're spreading the risk far more than an individual might do with a DC pension.
The RMCPP will probably employ at least 20 different fund managers to invest ours and RM's contributions. That way they're spreading the risk far more than an individual might do with a DC pension.
Links to all RM pension related websites are here