Zurich A/P fund

[Stennett]

I had a successful 30 years with the Zurich AP fund. Last year at the age of 75 I had to cristalize my funds and form a new SIPP. I was not able/allowed to continue with the Zurich AP fund unfortunately I ended up with an IFA and a fund manager of his recommendation. After 9 months and a loss of 7% in value I pulled the plug and am now in limbo. The funds remain in a wrapper.
My question is, if I cant put my funds into Zurich AP is there anything that runs close to that fund that I could easily change to? My IFA recommends Prudential Cautious Funds for part.
It would be useful if anyone out there has had a similar experience and had recommendations.

[Hariseldon58]

I have taken a look at this fund,

https://www.trustnet.com/factsheets/p/hb47/zurich-managed-pn

https://markets.ft.com/data/funds/tearsheet/summary?s=GB0004061817:GBP

https://www.trustnet.com/Factsheet-PDF?pdf=https%3a%2f%2fdocumentscdn.financialexpress.net%2fLiterature%2f8AA010A91605F43F91FCDC7385FDE1C8%2f189175566.pdf&citicode=HB47&universe=P

The most obvious suggestion is that you might wish to assemble some trackers that have similar exposures, eg using ETFs this list roughly equates to the present exposure.

VUKE
VUSA
HPRO
VAPX
VERX
VGOV
VFEM
VAGP

This would NOT reflect changes that the manager might make, it would require management going forward, a more nuanced choice could be something like a 50:50 split between a World Equity Tracker such as VWRL and a more cautious flexible Investment Trust with a wealth preservation bias such as Capital Gearing Trust CGT. The combination has reasonable costs of around .5% and would have performed better than the Zurich Fund, the index is by definition the return of Global equity markets with CGT reducing the volatility of the combo. CGT has a good chunk of bonds, mainly Index Linked, Property and Infrastructure assets as well as other equities.

You could use Ruffer (Rica) instead of or alongside Capital gearing trust, this policy is simple, low cost and needs no ongoing management.

[Alaric]

Last year at the age of 75 I had to cristalize my funds and form a new SIPP. I was not able/allowed to continue with the Zurich AP fund

I suppose Allied Dundar as was are no longer open to new business and therefore haven't modernised their product range to include a SIPP or something that could be used beyond age 75 to retain the previous investments.

[BobGe]

I was wondering to which Zurich A/P Fund the o/p was referring. Maybe Stennett could confirm it was Zurich Managed A/P Fund?