mindlessmax
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This seems to be almost an obsession with some people lately for some reason. They seem to think that by micromanaging their pension and potentially churning (in a sort of daytrading way) between funds that they are going to do better than the market, active managers, the index etc. When, in fact, such messing is more likely to erode returns due to charges. Having a range of fund options isn't in itself a bad thing but ultimately most people are going to be better off choosing a high/all equity content fund, probably an appropriate passive index tracker, with low charges and then just sticking the money in and forgetting about it for a few decades or more.- One thing I'm looking for is self-directed and allocation to passive funds - so I'm looking for not just the cheapest PRSA but also one that gives access to a decent range of funds. Again, is Standard Life/Zurich option the best for this? I will be picking mainly a range of ETFs that track global stocks so don't need anything too fancy.
thanks for your reply, I agree with a lot of what you've said. I'm not obsessing over it - I'm just looking for the best balance between fees and fund access. I don't need access to a range of niche funds, but likewise don't want to be limited to just a few. I'm just looking for a steer from people who know the market better than I do. thanks again.This seems to be almost an obsession with some people lately for some reason. They seem to think that by micromanaging their pension and potentially churning (in a sort of daytrading way) between funds that they are going to do better than the market, active managers, the index etc. When, in fact, such messing is more likely to erode returns due to charges. Having a range of fund options isn't in itself a bad thing but ultimately most people are going to be better off choosing a high/all equity content fund, probably an appropriate passive index tracker, with low charges and then just sticking the money in and forgetting about it for a few decades or more.
ok, noted, thank youYou won't get massive difference in cost with PRSAs. The base rate is 1%, so you will get charges around that price.
Standard Life have a range of Vanguard funds. Charge of 0.9% for funds over €100,000. 1.4% for funds below that value.
this is really useful, thanks.Check out this thread:
https://www.askaboutmoney.com/threads/pension-products-execution-only.236522/
I previously saw 0.5% AMC for this level of contribution but are those days gone?
One thing I'm looking for is self-directed
That could explain the increasing (mis)use of that term alright!There's that misnomer again. Redditt has a lot to answer for.
I suspect people aren't aware that they can get passive funds (even vanguard) through a PRSA and think they need to have self directed options on order to get passive ETFs.This seems to be almost an obsession with some people lately for some reason. They seem to think that by micromanaging their pension and potentially churning (in a sort of daytrading way) between funds that they are going to do better than the market, active managers, the index etc. When, in fact, such messing is more likely to erode returns due to charges. Having a range of fund options isn't in itself a bad thing but ultimately most people are going to be better off choosing a high/all equity content fund, probably an appropriate passive index tracker, with low charges and then just sticking the money in and forgetting about it for a few decades or more.
No. Standard life are the only ones to offer Vanguard passive funds, but Irish Life have their own tracker funds and some other provider has BlackRock fundsWould I be right in saying the only place you can get access to a passive world equity fund through a PRSA is Standard Life though?
What other providers offer access? Without you going down the more expensive self directed route?
Zurich I think?and some other provider has BlackRock funds
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