Yep, that's it in a nutshell.So essentially your pension is on autopilot and not being actively managed by yourself.
Could be. Or it could be a lot lower.That report seems to say the chsrge for the IRIS coukd be up to 1.573%.
It would.1.6% for a passive fund would be extortionate.
Could be. Or it could be a lot lower.
Why don’t you ask your pension trustees/administrator?
I cant easily find any info on the above but have raised a query. It would be good to get peoples views here also if possible.
IRIS Passive isn't a passive fund?And this isn’t a passive fund!
Not in my experience.As a general rule, occupational pensions have lower costs than anything you could arrange yourself.
Well, it’s not my idea of a passive fund!IRIS Passive isn't a passive fund?
Right...
Which is what exactly?Not in my experience.
Well, it’s not my idea of a passive fund!
The occupational schemes that I was offered had much higher charges than I could get elsewhere independently.Which is what exactly?
No idea what this jargon is.Stands to reason that a larger investor, such as an occupational pension scheme, can access share classes in funds with lower OCFs.
Ongong charges figure.No idea what this jargon is.
Did you ever get an answer @ArthurMcB ? I too am trying to find out this information. I've contacted New Ireland both personally and through my employer and after three months I've yet to get any answer.I think it is a passive fund.
Have asked for info on fees will report back here.
At least i now have a baseline in that 1.6% would be very high.
New Ireland have a web portal where you can manage your own funds if you choose to. I've opted for a split with 90% into their IRIS Passive and %5 into their high risk alt energy fund and 5% into their high risk iFund Equities.I am also invested in IRIS Passive 2034 through work, but I would prefer more equites exposure. I have enquired about switching funds.
Can I ask:
1. Has anyone got any view on the performance of this fund?
2. What are fees/charges associated with this fund?
2. Is there typically a cost/fee associated with switching?
I cant easily find any info on the above but have raised a query. It would be good to get peoples views here also if possible.
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