Many people hold single funds within their pensions. Often these can be known as multi-asset funds. They have cash, bonds, property and equities. This is ok for managing risk.
For people about to retire or already retired it may be better to manage these allocations as individual holdings. This way you can control how much cash you hold and which of these investments you use to fund your income or capital payments.
This enables the ability to keep individual investments that you believe will recover in value from falls and take income/capital from those assets like cash that have not fallen in value.
Anyone that would like to review how this can work please call our helpline.
This is not advice and no action should be taken on this matter without advice.