Pension from previous employement

JacobF

Registered User
Messages
4
Looking for advice...

I have a pension with Irish Life from a previous employment under their "Irish Life Empower Master Trust"
It is invested in their "EMPOWER High Growth Fund" with a risk rating of 5. It's current value is ~€150k and it has gone up and down over last few years (in 5 years it has grown from approx €88k to what it is today). Projection for when I am 50 years old is €185,883.

I am unsure if I am making the most of what I have - should I move the funds (all or partial) to a a different fund like Indexed World Equity Fund (Risk Rating 6) so to increase my odds of having a larger sum by the time I hit my 50s?

I know no one has a crystal ball so my question is - if you had €150k in the above pension arrangement, how would you go about growing that as much as you can in the next 10 years? I am hoping to take 20% out in my 50s to help with education costs.

Cheers!
 
I know nothing about the fund you are in, and about as much about the alternatives Irish Life might offer. I can say that you should check the annual management charge you have with it, and any alternative funds.
 
FWIW I have a buy out bond with Irish Life from a previous employment as well. I have it invested 100% in the World Equity Fund. I am late 40s and wouldn't be touching it till at least 62.

Agree with above poster to check charges and make sure they are competitive.
 
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