Transferring pension funds to a PRSA

[WGT]

Hi,
This might sound like a basic question but here goes anyway?

I used to be a director of a limited company and I'm currently getting my pension provider to transfer it over to a PRSA (as I'm now a PAYE worker).
The transfer value of the existing policy is 65k, and the contributions to date is 83k. By transferring this over to a PRSA, I'm not locking in my losses, am I? They can still recover (well potientially I mean)???

Thanks.

 

[LDFerguson]

One way of making sure that you're not locking in your losses is to transfer to the same fund as your Occupational Pension Scheme invested in. That way, you will participate in any recovery, regardless of the vehicle.

Incidentally, you can only make the transfer you're referring to if you have less than fifteen years' service in the old scheme and either (a) have formally wound up the or are formally winding up the scheme or (b) get a Certificate of Benefits Comparison prepared by a suitably-qualified actuary.