Defined Contribution Pension Scheme

T

tvhead

Guest
Hi.. Im 44yrs of age & presently paying into dc pension scheme.My employer has of recent announced that I & others need to reconsider where are contributions are invested.I've been contributing for the last 20yrs. into Montgomery Oppenheim.
It is now for individuals to make their own choice as to what percentage of
existing funds & future contributions be divided up into the following choices:
IRISH LIFE CONSENSUS FUND
MONTGOMERY OPPENHEIM SEGREGATED MANAGED FUND
MONTGOMERY OPPENHEIM UNITISED MANAGED FUND
NORTHERN TRUST MANAGED FUND
IRISH LIFE GLOBAL EQUITY FUND
NORTHERN TRUST EQUITY FUND
IRISH LIFE LONG BOND FUND
IRISH LIFE CASH FUND
I would grateful for any advice as to what way I should devide
up my pension savings based on my age. I expect to retire 60-65yrs of age.
This information will be welcomed by colleagues who are in a similiar position. Thanks
 
There is no right or wrong answer to this question. Have you reviewed the level of charges that apply to each fund? Have you reviewed the level of risk that applies to each fund?
 
Thanks for your reply,
RISK CHARGES
IRISH LIFE CONSENSUS FUND mid/high 0.6
MONTGOMERY OPPENHEIM SEGREGATED MANAGED FUND mid/high 0.25
MONTGOMERY OPPENHEIM UNITISED MANAGED FUND mid/high 0.25
NORTHERN TRUST MANAGED FUND mid/high 0.75
IRISH LIFE GLOBAL EQUITY FUND high 0.30
NORTHERN TRUST GLOBAL EQUITY FUND high 0.90
IRISH LIFE LONG BOND FUND medium 0.15
IRISH LIFE CASH FUND low 0.25

I'm considering 50% in MONTGOMERY OPPENHEIM
UNITISED MANAGED FUND mid/high Charges@ 0.25
and 50% in IRISH LIFE CONSENSUS FUND mid/high Charges at 0.06
Do you consider this a wise move based on the other offers! Cheers
 
Are those annual management charges (i.e. 0.15% - 0.90% p.a.)? Seem pretty low!
 
What is your planned retirement age? If it's of the order of a couple of decades away then you might want to stay invested in more aggressive funds than you have chosen. However to determine whether or not this or any other strategy is prudent and relevant would need a proper fact find and financial health check which only an independent, professional advisor can do properly.
 
Planned retirement is 20yrs time..65yrs of age. I've considered taking financial health check!...I sought financial advice 20years ago and got stung! Can you recommend
anyone or company.And again thanks for your time.
 
tvhead said:
Thanks for your reply,
RISK CHARGES
IRISH LIFE CONSENSUS FUND mid/high 0.6
MONTGOMERY OPPENHEIM SEGREGATED MANAGED FUND mid/high 0.25
MONTGOMERY OPPENHEIM UNITISED MANAGED FUND mid/high 0.25
NORTHERN TRUST MANAGED FUND mid/high 0.75
IRISH LIFE GLOBAL EQUITY FUND high 0.30
NORTHERN TRUST GLOBAL EQUITY FUND high 0.90
IRISH LIFE LONG BOND FUND medium 0.15
IRISH LIFE CASH FUND low 0.25

I'm considering 50% in MONTGOMERY OPPENHEIM
UNITISED MANAGED FUND mid/high Charges@ 0.25
and 50% in IRISH LIFE CONSENSUS FUND mid/high Charges at 0.06
Do you consider this a wise move based on the other offers! Cheers
Click to expand...
Are you sure there are no other charges in addition to the annual management charge, e.g. bid/offer spread?
 
tvhead said:
Planned retirement is 20yrs time..65yrs of age.
Click to expand...
If it was me then I'd be looking to invest in a high risk/return fund until nearer retirement but your circumstances may differ.

I've considered taking financial health check!...I sought financial advice 20years ago and got stung!
Click to expand...
Who did this check? Was it somebody that was truly independent?

Can you recommend
anyone or company.And again thanks for your time.
Click to expand...
See this thread - e.g. my second post.
 
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