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Retirement Discussions / Retire Well on Less
|Subject: Re: What to do?||Date: 4/1/2011 7:13 PM|
|Author: aj485||Number: 1386 of 1650|
I left the UK for Canada some 10 years ago, leaving a SIPP to be managed by a well respected private company in London.
After 10 full years the return on my investment is less than 8%. I'm stunned and wondering if I have any legal recourse on what is clearly an under performance on a drastic scale.
I don't know what you were invested in, but on April 2, 2001 (10 years ago), the S&P index closed at 1,224.38 Today, it closed at 1,332.41 That's an 8.82% return over the same 10 years. You should check the values for general stock market indices of whatever countries you were invested in to see if there is a similar comparison.
If they charged fees, they probably actually outperformed the market, but you probably paid them more than the premium over the market that they made.
I have lodged a formal complaint with them but I get the feeling that this is very much "asking the chef to comment on the food"
Can anyone offer some helpful advice?
Invest the money yourself instead of trusting/paying someone else to do so. If you do pay someone to invest your money for you, check it more often than every 10 years.
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