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From personal perspective I think it's fairly easy out perform consistently.
In the long term, not many people agree.
Edit: assumed you meant "outperform the market". I agree with your comments on previous page about the dubious value in paying fund management fees.
ChasnotRobert-
"SJP is extremely expensive – 5% upfront costs are typical, 40% higher than you’d typically pay for the advice of an IFA"
Well, I'm gonna have a meeting with them in a week or so and will see what their fees work out at. I want an employee pension fund for my limited company but I also want a personal fund, a SIPP or whatever it is.
Could put a bit in the managed fund to see how it does vs say that vanguard thing as a personal pension. If they're shit though, they sting you if you leave before 6 years I think.
I don't like paying penalty rates but having something hopefully growing is better than nothing. -
To outperform a low index tracker is unlikely by an active fund. That's a given.
But these target year funds unfortnely have pre determined dates where they move from high risk to low, mostly by selling stocks to buy bonds or hold cash.
This is where the flaw lays they will sell even if the markets is in crash mode. Studies have shown investors have lost 100millions of pounds through the poor timings of these funds.
Using very simplicity model you could make vast difference to what is most likely your largest savings pot.
hippy
wildwest
As an employee those target retirement year funds will be ideal. Because they are completely hands off investment. And thus your doing a suitable investment even if they leave and don't look at it again until they retire.
Most companies use them.
From personal perspective I think it's fairly easy out perform consistently.