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Review of the Scottish Widows, Pension:

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Incumbent Fund Managers

2 years to my retirement….Q: Where is my pension going? A: Down the drain faster than a rat! As a laymen I now dread scanning my pension pot value…I am aware and accept that returns can rise an fall in value. Unfortunately SW‘s Fund Managers for my Pension Protector (PP) and Portfolio 4 (P4) appear to be ignorant of the fact that when you move funds from a low depreciating P4 to a larger depreciating PP, they are not managing the pension fund with our best interests at heart in line with changing investment market conditions. Uncanny it is that since 4/1/2022 to 29/9/22 the unit price for PP has dropped from 250.40 to 138.00 (112 = 44.7%) whilst the P4 unit price dropped from 227.00 to 189.40 (37.6 = 16.56%) Indeed over the period noted above, my pension pot has went down from 261K to 178K a fall of 83K = 31.8%. Would any of these fund managers and their seniors want their own future retirement pensions mismanaged in this shoddy, head in the sand attitude hoping that in 2 years my pot may recover…I think not! Oh! Is the Pension Protector supposed to protect one’s pension? To smooth out the high peaks and low troughs to give a balanced an less volatile pathway to retirement. My Wife‘s small pension pot with Royal London has only gone down around 1K less than 10% they even monitor, restructure and inform you of changes to help protect your assets. SW‘s get your house in order! Reviewed on: 29th September 2022

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