From: "pp" 
Newsgroups: uk.finance
Subject: (Civil Service) Pension Performance
Date: Fri, 1 Aug 2003 22:12:04 +0100

I have recently joined the civil service and I am in the process of
evaluating which partnership pension provider/fund to go for.

I notice that the Fund performance and charge do vary quite a lot.   I am a
little stuck in the maths.

Given
1) annualised growh rates (which does not take into account of management
charge)
2) Management Charge
for each fund for each provider over 1, 3, 5, 10 years

how could I obtain an annualised growth rate that takes into account of the
management charge?

I am in my mid twenties and I do not intend to stay in the civil service
until I retire.  As such, I am going for the parternship account, but I just
wonder how I could take into account of this in choosing a provider/fund.
Should I just go for a fund with maximum growth (taking into account of
management charge), or should I go for one with the lowest charge (knowning
that after I leave the civil service, if I leave the stakeholder pension
account alone, I still need to pay management charge annually!).

What about going for the best performing funds (with higher management
charge) for now and prior to leaving the civil service 'switch' to a
provider with minimum charge, or is that completely silly??  I don't believe
any providers allow "phasing" whilst switching to take into account of
peaks/troughs in the funds being switched from/to??