Have 11 years contributions in Secure Performance fund with Irish Life 100K built so far - a very safe fund paid out 4.9% last year. As it evens out the ups and downs of the IL Consensus Fund which lost circa 30% last year this fund will probably have no growth for a few years. I cann't transfer money from this fund without loosing 34%, so I must just leave it there and pay the €6 a month charge.
I am 16 years from retirement , I have 10 years of a DB scheme in UK (local govt) due to me as well..I am thinking of taking a punt and requesting all my contributiuon from now on go into Consensus or indeed one of the other funds IL offer - I figure it's great time to buy units and there is potential for growth in the medium to long-term.
Do others think it's a good idea?
I am 16 years from retirement , I have 10 years of a DB scheme in UK (local govt) due to me as well..I am thinking of taking a punt and requesting all my contributiuon from now on go into Consensus or indeed one of the other funds IL offer - I figure it's great time to buy units and there is potential for growth in the medium to long-term.
Do others think it's a good idea?