Tuesday, September 22, 2009

Best Pension Fund

Reluctant as I am to do a post on the past performance of pension funds, it is probably better to do one where it can be put in its correct context, rather than relying on it as an indicator as to what might happen in the future.

I would like to start by saying, what has gone before has no relevance as to what may happen in the future. Having said that, it would appear that many pension policyholders ( or potential pension policyholders) continue to study the past performance of pension funds with a view to factoring it in to their overall evaluation of how their pension is doing or indeed how it might do in the future.

If you need to study past performance, then I would suggest that you select 3 or 4 random documents from this page. The reason that I would take random documents is because fund managers can produce at least one period where they may be Number 1 on a specific single fund.

The information included in these monthly investment reviews are for the last five years from one product provider, but include the relevant data for all pension providers. There are, up to 13 categories of funds included and the data is broken down over 1, 3, 5, 10, and 15 year annualised returns.

In summary, you should take past performance with a pinch of salt and don't rely on it as a deciding factor on which pension provider is best for you. It is better to focus on the costs/charges, suitablity, flexibility and service available on the product.

Featured website www.prsa.ie

Warning: The income you get from an investment may go down as well as up. The value of your investment may go down as well as up. Benefits may be affected by changes in currency exchange rates. Past performance is not a reliable guide to future performance.

No comments: