My pension pot isn't currently big enough to interest proper Independent Financial Advisers - I have tried and failed to get one but basically they won't bother to get out of bed for me until the pot is at least 4 times its current size. (Teens of thousands rather than tens of thousands ds). So just wondering if any amateurs out there would share their thoughts with me.
The pension is a simple personal private pension with Royal London and I can choose a balance of funds across the dozens of managed and passive funds they offer. I currently have 70% in one fund that was most appealing to me in its description and which has performed well in the last 3 years since I started the pension, 20% in another which has also done well and 5% each in two others which have basically been stagnant but they may grow.
It seems quite likely that there will be a financial crash next year triggered by Brexit and the markets in general will lose a significant chunk of percentage points - which will hopefully be recouped over the subsequent decades before I eventually retire. However I am wondering whether it would be wise to rebalance the spread of the funds now in order to hopefully cushion the impact of the crash.
Of course each individual fund already has very spread risks - typically no more than 1% of assets in any one company. Does that mean that the investments are already sufficiently spread out even though I have 70% in a single managed fund?
Are there some fund types that are going to be less exposed to the fallout from brexit and won't suffer as much when the crash comes?
Or are my worries too petty given that this is still a relatively small amount of money as pension funds go.