I am filling out the forms to join my company pension scheme (I'm 30 y/o), and I am unsure about which funds to choose. I can choose the Friends Provident Balanced Index Fund of Funds or 1 or more of these funds.

I am considering making my own fund choices so that I could choose higher risk funds, but this feels unwise as I have no knowledge of which funds to pick? Can I feasibly choose the funds myself, what can I used to aid my choices?

  • Insufficient detail here. What are your fiscal goals? What are your current debt obligations? What are your other investments, if any? Are there financial advisers at your company who can give you more information?
    – BlackJack
    Jul 12, 2011 at 20:29
  • 1
    Why does all that matter? I have a sum I can afford to put into my pension each month, I am not adversed to risk, especially as I have many years till I retire. I'm asking can I/should I be choosing my own funds - if so how do I make the choice? If it makes it easier, assume I have no debts or other investments. There is not an FA at my company.
    – Dan
    Jul 13, 2011 at 10:58

1 Answer 1


If you are looking to invest in a company provided money purchase pension, then your company should have put you in touch with their financial advisor. This advisor is probably a tied advisor, but will probably know more about the options in the scheme than an independent financial advisor would.

If this is not an option then you will either need to either Be Your Own Financial Adviser or find another advisor.

Normally when looking for financial advice, you have the option of tied, or independent financial advisors. Tied advisors will try to sell you the products they promote and will usually take a commission on those sales. Independent Financial Advisors should know about a wider range of providers and offer you the option of paying them by either an up-front fee or taking a commission on products you buy. For a major investment, like a pension scheme you might be paying into for many years, the up-front fee approach is often the cheapest overall.

A good guide to finding an IFA can be found at Picking and paying for the right IFA!.


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