Why do you think that water and alternative energy are a good investment right now? If you answer that, you'll likely have your answer.I have apps 50K to invest from old employers prsa. pension provider has suggested a water infrastructure funds / alternative energy and good body smaller companies -equities - AMC is .95 and the provider charges a .25% service fee - works out at 1.15% pa. 100% of funds invested. Risk level is 6/7. Annualised returns come in at apps 12% - Is this good?
What should I ask? many thanks for feedback
What sort of "pension provider" is this?pension provider has suggested a water infrastructure funds / alternative energy and good body smaller companies -equities
Why these specific recommendations?What should I ask?
Not bad but it's no guide to future returns.Annualised returns come in at apps 12% - Is this good?
That's not great in my opinion.AMC is .95 and the provider charges a .25% service fee - works out at 1.15% pa.
I have apps 50K to invest from old employers prsa. pension provider has suggested a water infrastructure funds / alternative energy and good body smaller companies -equities - AMC is .95 and the provider charges a .25% service fee - works out at 1.15% pa. 100% of funds invested. Risk level is 6/7. Annualised returns come in at apps 12% - Is this good?
What should I ask? many thanks for feedback
Its with same pension advisor but moving from Aviva to New Ireland.Is the PRSA with the same product provider (pension company) at the moment?
Or, are you moving it to a different pension provider?
Gerard
www.prsa.ie
Thanks all, I have decided to transfer it over to my self direct Davy PRSA. I have had good returns from my existing PRSA with Davy and like the access to stocks. Will need to do certificate of benefit (appx 800eu) but it's worth it.
I have a large existing PRSA in there so my fees are at 1% (<50k is 2%), I think it makes sense to consolidateAren't Davy hiking up their PRSA fees from May?
I was a member of occupational pension scheme, you are correct my wording was wrong. Sorry still literally learning all the mind boggling pension terminology!Original pension wasn't a PRSA then.
I considered that but I would not be able to consolidate my PRSAsIt might be worth looking at a Pension Retirement Bond, as an alternative, if you are moving it.
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