Performance

Is your current scheme underperforming compared to other schemes? Make sure you identify whether this is ‘just a phase’ or it’s consistent, as otherwise you will be constantly changing schemes chasing ‘better returns.’

Flexibility

Perhaps you have plans for your money, and need to know that you can access it when you want (as long as the access is within the rules of the ROPS transfers). Talk to us about different scheme options that are right for your needs.

Risk level more appropriate to your profile

Usually, you can change your asset allocation within your existing scheme if your risk profile changes. For example, you may be getting close to needing the money and want to be a bit more conservative with the safety of your funds. In this case, it might be a good idea to choose a different scheme, offering the asset allocation you need or want.

This might also be the case if you are looking for ‘ethical’ investing options, which are not offered by all providers.

Ongoing costs (including fees)

Have you found a scheme that seems to be offering consistently higher returns? Check for the fees associated with the fund. Some returns may appear higher as they are before fees, but once fees are taken out, the overall effect may be a lower return than you are expecting.