Track UK Life and Pension funds with Sharesight

Sharesight has made it easier than ever for UK investors to track their performance, with the ability to track over 26,000 UK Life and Pension funds. This is in addition to our support for more than 12,000 UK mutual funds (OEICs), plus 240,000+ stocks and ETFs on the London Stock Exchange (LSE), New York Stock Exchange (NYSE), Nasdaq and over 40 other leading global markets. To learn more about how to track UK Life and Pension funds in your Sharesight portfolio, keep reading.

What are UK Life and Pension funds?

A life fund is a portfolio into which the policyholder’s life insurance premiums are paid into and claims are paid out of. This portfolio can include stocks, bonds, cash and alternatives. Unlike other fund types such as OEICs, life funds can only be purchased by pension providers and insurers and are not available for direct sale to retail investors.

A pension fund is an investment product into which scheme members pay contributions to accumulate a lump sum of money that will fund their retirement. Pension funds will also typically include contributions from the scheme member’s employer. This fund type is generally tax-free, and any income tax deducted from these contributions is paid back by the government. Similar to retail funds, the money paid into pension funds is invested into a range of themed funds, except they are run specifically for retirement savers.

UK Life and Pension support in Sharesight

Sharesight supports all UK Life and Pension funds covered by Morningstar price data – over 26,000 – with price and dividend data going back to 1 January 2000. The number of Life and Pension funds supported will continue to grow as additional mutual funds enter the market and are included in the Sharesight database.

As users add UK Life and Pension fund investments to their portfolios (details below), they can get the full picture of their investment performance by viewing their funds with the rest of their holdings, whether they are stocks, ETFs or even custom investments such as property. This makes it easy for investors to see the impact of specific investments as part of the overall return of their portfolio.

By running Sharesight’s Contribution Analysis Report, UK investors can see the impact of Life and Pension funds on their portfolio’s overall return.

How to track UK Life and Pension funds in Sharesight

1. Sign up for a FREE Sharesight account.

2. Add your holdings to your portfolio(s) by searching for the fund’s name, ISIN identifier or mstarid in the FundUK market. You can also use the Sharesight File Importer to bulk import trades to your portfolio.

3. Sharesight will automatically fill in the price history and performance valuation for your holdings by end-of-day on a daily basis. It will also backfill past dividends (and continue to add new ones as they are announced) – plus factor in the impact of any currency fluctuations on your performance.

Start tracking your UK fund investments today

If you’re not already using Sharesight to track your investments in UK Life and Pension funds, what are you waiting for? It’s free to sign up, and with Sharesight you can:

• Track all your investments in one place, including stocks, mutual/managed funds, property, and even cryptocurrency

• Get the true picture of your investment performance, including the impact of brokerage fees, distributions, and capital gains with Sharesight’s annualised performance calculation methodology

• Run powerful reports built for investors, including performance, portfolio diversity, contribution analysis, multi-period, multi-currency valuation and future income (upcoming distributions)

• Run tax reports including taxable income (dividends/distributions), capital gains tax (Australia and Canada), traders tax (Capital Gains for traders in NZ) and FIF foreign investment fund income reports (NZ)

Sign up for a FREE Sharesight account and get started tracking your investment performance (and tax) today.

Disclaimer: The above article is for informational purposes only and does not constitute a specific product recommendation, or taxation or financial advice and should not be relied upon as such. While we use reasonable endeavours to keep the information up-to-date, we make no representation that any information is accurate or up-to-date. If you choose to make use of the content in this article, you do so at your own risk. To the extent permitted by law, we do not assume any responsibility or liability arising from or connected with your use or reliance on the content on our site. Please check with your adviser or accountant to obtain the correct advice for your situation.

FURTHER READING

• Track UK mutual funds with Sharesight

• 7 reasons to upgrade your Sharesight account

• How I use Sharesight as an investor