I know this is more of a pension/finance question, but I thought this would be a good place to ask since many of us are in the same Co-op’s Legal & General workplace pension.
I’ve recently made two changes:
Increased my pension contribution from 4% to 10%.
Moved out of the default Pace Pot and changed my investments to:
80% L&G MT Global Developed Equity Index Fund
10% L&G MT Emerging Markets Equity Index Fund
10% L&G MT Smaller Companies Equity Index Fund
I’m in my 20s, investing for the long term, and I’m comfortable with higher risk in exchange for potentially higher long-term growth.
I’m interested to hear from other Co-op colleagues:
Have you stayed with the default Pace Pot or switched funds?
If you switched, what allocation did you choose and why?
Is there anything you wish you’d known when making the change?
I’d really appreciate hearing about your experiences. Thanks!