I have a company pension which is currently in the L&G PMC Multi-Asset fund 3
https://fundcentres.lgim.com/en/uk/...-Asset-Fund/?isin_code=GB00B5W2CB33#Portfolio
L&G say this is for long term growth through exposure to a diverse range of asset classes.
I've been thinking about changing funds as it's been bumping along earning not a lot since 2018 when I started - up to late last year it made 1% total over the six years!
However, between November last year and now it's suddenly gained 10%, according to my pension information. Anyone any idea why this might be the case and if it's just a one-off?
Thanks in advance.
Edit: Oddly the performance chart my pension shows isn't the same as the performance shown by L&G in the link above, or in some of the links in replies below. The value shown when I look at the pension shows it bumping along fairly level from 2017 to late 2023, then suddenly shooting up, where some of the other charts show more rise and fall?
https://fundcentres.lgim.com/en/uk/...-Asset-Fund/?isin_code=GB00B5W2CB33#Portfolio
L&G say this is for long term growth through exposure to a diverse range of asset classes.
I've been thinking about changing funds as it's been bumping along earning not a lot since 2018 when I started - up to late last year it made 1% total over the six years!
However, between November last year and now it's suddenly gained 10%, according to my pension information. Anyone any idea why this might be the case and if it's just a one-off?
Thanks in advance.
Edit: Oddly the performance chart my pension shows isn't the same as the performance shown by L&G in the link above, or in some of the links in replies below. The value shown when I look at the pension shows it bumping along fairly level from 2017 to late 2023, then suddenly shooting up, where some of the other charts show more rise and fall?