Primary Teacher AVC

N

newbie1234

Registered User
Messages
17
Hi
The other half has an Avc which has a little over €100k in it.
She ceased paying into it 18 months ago and started paying into a new avc set up thru a financial advisor (not cornmarket) via which she was able to pick her own mix of funds.
She had hoped to transfer the existing Avc into her new one however there were obstacles to switching and I believe costs involved etc and she decided to leave the existing with Cornmarket.
The cornmarket mix is quite conservative.

Does anybody familiar with the scheme know if there is any mechanism whereby she can request of cornmarket that her fund be placed into equities only or indeed a different mix of funds or is she locked into the more conservative mix.

She understands the risks involved in switching and is happy to take the increased risks given the principals pension she will receive at retirement.
Thanks
 
I'm sure Cornmarket brokers offer a menu of funds, and that a fund switch is fairly easy to do?

Sometimes fund switchs are done direct with the assurer, rather than the broker.
 
newbie1234 said:
Does anybody familiar with the scheme know if there is any mechanism whereby she can request of cornmarket that her fund be placed into equities only or indeed a different mix of funds or is she locked into the more conservative mix.
Click to expand...

AVC Investment strategies | Cornmarket

If you are considering starting an Additional Voluntary Contribution (AVC) Plan, it is worth considering how your money is invested. Discover your options.
www.cornmarket.ie www.cornmarket.ie

Investment Option 2: Actively manage your own AVC investment choices.​

You have the option to select the individual fund(s) that your AVC is invested in i.e all decisions about which funds your AVCs are invested in will be your responsibility. This means that it is especially vital that, as you approach retirement, you remain satisfied that your chosen funds are appropriate for your needs. You can view fund information and annual returns on the insurer’s website.
Click to expand...
Edit: post crossed with @Protocol's.
 
You must log in or register to reply here.
Back
Top