Hi all,
I would appreciate any advice and information to help me investigate / choose a supplier for a pension bond.
I am interested in information about where I can buy a pension bond, what funds I can invest in, charges, historical information about performance of various managers and funds.
My previous employer's DB pension scheme is being wound up (Motorola, shut down last year) and I have the options of
A. moving my transfer value to my new employer's pension scheme
B. buying a pension bond
C. it will be moved to a default pension bond (Irish Life, Consensus Lifestyle) if I don't do A or B
(I don't have the option of moving to a PRSA because I worked there for over 15 years).
I am inclined to put my old pension transfer value in a separate pension bond rather than put everything in my new employer's pension scheme. Probably somewhere with a range of funds so that I can control where the pension is invested.
I have read through the key posts and the recent posts. The most relevant pointer I could find was "Lump Sum Investments" in "Best Buys - Pensions", but the links don't seem to help with with my search for a pension bond.
I am trying to arrange to get some independent professional advice here in Cork, waiting to make contact with the person who has been recommended to me. Meanwhile I am doing a bit of reading to try to get up to speed a bit, get an idea what I want to do, what to look out for, what questions to ask.
Thanks for any help with this.
I would appreciate any advice and information to help me investigate / choose a supplier for a pension bond.
I am interested in information about where I can buy a pension bond, what funds I can invest in, charges, historical information about performance of various managers and funds.
My previous employer's DB pension scheme is being wound up (Motorola, shut down last year) and I have the options of
A. moving my transfer value to my new employer's pension scheme
B. buying a pension bond
C. it will be moved to a default pension bond (Irish Life, Consensus Lifestyle) if I don't do A or B
(I don't have the option of moving to a PRSA because I worked there for over 15 years).
I am inclined to put my old pension transfer value in a separate pension bond rather than put everything in my new employer's pension scheme. Probably somewhere with a range of funds so that I can control where the pension is invested.
I have read through the key posts and the recent posts. The most relevant pointer I could find was "Lump Sum Investments" in "Best Buys - Pensions", but the links don't seem to help with with my search for a pension bond.
I am trying to arrange to get some independent professional advice here in Cork, waiting to make contact with the person who has been recommended to me. Meanwhile I am doing a bit of reading to try to get up to speed a bit, get an idea what I want to do, what to look out for, what questions to ask.
Thanks for any help with this.