I have just been made permanent in my current role and would be like to join the company pension fund (Defined Contribution Pension Fund).
I am 30 yrs old and have yet to start a pension. I am currently on €52k and save approx €1300 a month. In the default company scheme, the company contributes 8% of basic salary per month and the employee contributes 2%.
I'm very much a novice to all the pension funds so any help would be greatly appreciated. The company scheme is with Eagle Star.
I can go with the PensionSTAR (Annuity) investment strategy or you the matrix fund choice.
The matrix fund has the following choices:
Equity Portfolio Fund (5*5 Global)
Global Equity Fund (Dividend Growth)
Managed Fund (Balanced)
Utilised with Profits Fund (SuperCAPP)
Fixed Internet/Bonds (Long Bond)
Has anyone got any opinions on these funds and their performance?
Working off the 10% of salary per year I think I should probably add AVC contributions to make up for lost time over the last few years.
Any help is greatly appreciated.