WHAT TO BUY SAMPLE PORTFOLIOS

Whitechurch Securities has put together these example fund portfolios.

In the growth phase ahead of retirement you should invest in the “accumulation” version of each fund, where dividends are automatically reinvested. As you approach retirement, the risk level will need to be reduced, and at retirement, the portfolio will need to be switched so it delivers income rather than growth.

You may need to consult a financial adviser before investing.

Higher-risk (20 to 30-year time horizon, for the 35 and 25-year-old)

UK stocks: 36pc (ishares UK Equity Index 8pc, Aberforth UK Small Companies 8pc, Evenlode Income 10pc, JOHCM UK Dynamic 10pc)

Global stocks: 64pc (Vanguard FTSE Developed World ex-uk Equity Index 16pc, Artemis US Smaller Cos 10pc, Baillie Gifford Japan Income Growth 8pc, Crux European Special Situations 10pc, Hermes Global Emerging Markets 10pc, Scottish Mortgage Investment Trust 10pc)

Lower-risk (10-year time horizon, for the 45-year-old)

UK stocks: 30pc (Miton UK Multi Cap Income 8pc, MAM GLG Income 11pc, Evenlode Income 11pc)

Global stocks: 40pc (Artemis Global Income 12pc, Newton Global Income 12pc, Schroder US Equity Income Maximiser 8pc, JPM Emerging Market Income 8pc)

Bonds: 20pc (Jupiter Strategic Bond 10pc, Vanguard US Government Bond Index 10pc)

Property: 10pc (Janus Henderson UK Property 10pc)