Advice on Irish Life Investment Managers funds

[jpogorman]

Hello,

I've started a new job and have to choose a configuration of Irish Life Investment Managers funds for my pension.

The available funds are
* Secured Performance Fund (Low risk)
* Consensus Managed Fund (Medium risk)
* Indexed Global Equity Fund (High risk)
* Indexed Long Bond Fund
* Cash Fund

I'm 28 so am will to take some of the higher risk options for the moment. Can anyone who know about the funds comment on this allocation...
30% in Secured Performance Fund (Low risk)
40% in Consensus Managed Fund (Medium risk)
30% in Indexed Global Equity Fund (High risk)

I have an existing pension with about €15,000 in it that I haven't been monitoring too well. Is it worth transferring it into my new pension or leave it where it is?

Thanks.

 

[PunchInNow]

With at least 30 years to go to retirement and with equities being the best performing asset sector over any 20/30 year rolling period, you should have a strong equity bias in your investment portfolio at this stage. I would bump more into the Global Equity fund although equities are looking a little toppy around the world right now so maybe go with a more conservative short term mix with a view to increasing equity exposure if the markets suffer a setback in coming months.