Pretty much my experience Graham and managing your own funds can and often does have its rewards but occasionally it gives you sleepless nights as was the case just last week when tens of thousands was wiped off the portfolio overnight. To my mind it is your attitude to short term risk that plays no small part in all this. As they say fortune favours the brave and I'm a great believer what goes down will eventually go up providing you had a sure footing to start with. Just need to be wary of speculative investments or at least be prepared to accept potential losses. Been there, done it and still take a chance now and then.I love AJ Bell's platform and their customer service has been excellent as well.
Scottish Mortgage has been a fantastic performer as have a few Polar Capital tech funds, although tech seems to have taken a bit of a tumble at the end of last week, perhaps a little to many were overvalued and things are settling.
I've got some healthcare waiting in the wings, usually fairly steady growth but also hoping for a little flurry if a vaccine comes out and I'll cream off some profit and invest elsewhere.
I used to have a managed pension fund, bloody useless so moved it into a SIPP and never looked back.
Best thing about paying into a pension is the tax relief while you are working and I often ask friends where they think they can get an assured 20 or 40% return on their money.
Drawdown would always be my primary choice but an annuity can and does have its role to play as a belt and braces approach. Also I am less inclined to take a tax free lump sum if ones funds are solid performers. Basically the tax man doesn't like you if you try and re-invest those funds albeit of course the good lady wouldn't have those problems