Moving from the default options
Hi - I posted a few months back about my employers default funds - and then I got sidetracked by other things.
I’m 51, would like to retire around 62 although will keep working beyond if things go tits up. Got about 330k in pension and contributing about 22k a year.
I’m in default funds - two main funds
- a multi-asset fund which is about 45% bonds, 6% property, 2% cash and rest equity
- a global equity fund
Currently split 62% multi-asset and 38% equity. The default approach is already lifestyling me towards the multi asset, and then will start moving more into cash 5 years out from retirement.
Firstly - I don’t get the lifestyling bit at all given I plan to drawdown. Sure - have some in cash (I’ve already got a little there). But better just to toggle the split between multi-asset and global equity myself?
Secondly - the default workplace funds are ESG focused. In principle I’m ok with this - but how would I go about choosing two alternatives if I wanted to?
Thanks in advance.