Fund recommendation

[errigal]

Hi

I plan to open a standard PRSA in the next few weeks. Other than about 10k I have sitting in a Defined Contribuition / Group pension from Hibernian that I have from an old job and havent moved anywhere, I have no other pension to date and am 31. Given that I would plan to start by submitting a lumpsum of say 10k, and then begin a monthly contribution of 5-600 per mth would you recommend any particular fund over another at the moment.

I have reviewed the PRSA spreadsheet with all the funds, and I assume it's up to date. Also read some of the threads on the site. Very useful (at least, the parts I understood!)

I suppose given that Im relatively young I'm happy to take on quite a high risk pension but obviously want the flexibility to change that as I get older. I'm also happy to keep commissions to a minimum even if it means a no-advice type relationship with the pension provider.

I also want a fund where I can transfer the 10k from Hibernian into, assuming this is allowed ?

It would be useful to know what other questions I should be asking myself, so that I can ensure Im not missing anything before taking the plunge.

Many thanks in advance
E.

 

[RainyDay]

It would be useful to know what other questions I should be asking myself, so that I can ensure Im not missing anything before taking the plunge.

Many thanks in advance
E.

You should be asking yourself if you're going to need this cash in the meantime for other key priorities (like buying a house)?

 

[errigal]

Thanks Rainy.

Yes, I have considered that, and I'm still happy to go ahead with opening a PRSA. I currently own a property (well the building society owns 1/3 of it)
and don't have any plans to move in the next few years.

While interest rates remain low I feel I'm better beginning a pension rather than paying off the mortgage, but feel free to correct me on that front as I'm probably totally wrong!