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Pension fund value decrease by 1300euro in one month

  • 08-09-2011 12:26pm
    #1
    thebourke
    Registered Users, Registered Users 2 Posts: 1,362 ✭✭✭


    I am on a group company pension with my employer for the last 3 years.Over the last month i have noticed the current value of the fund has dropped by over 1300euro.Is there anything i can do about this?


Comments

  • #2
    dvpower
    Closed Accounts Posts: 9,183 ✭✭✭dvpower


    If the fund is administered by one of the major pension companies (Irish Life etc), they usually allow you to change the broad funds they invest in.
    You can probably move it to something liinked to cash and bonds.

    You can do nothing about money you've already lost.


  • #3
    coylemj
    Registered Users, Registered Users 2 Posts: 25,622 ✭✭✭✭coylemj


    dvpower wrote: »
    If the fund is administered by one of the major pension companies (Irish Life etc), they usually allow you to change the broad funds they invest in.
    You can probably move it to something liinked to cash and bonds.

    You can do nothing about money you've already lost.

    A lot of people did something like that (moved their pension fund to cash and bonds) after the crash that followed the failure of Lehman Brothers, they are now regretting it as the market has since bounced back though it has taken a battering the past few weeks.

    OP, markets have recently dropped but you need to remember that a pension fund is a long term investment so you do not want to be making rash decisions. Unless you are within 5 years or so of retiring you are better off having most of your money in equity-based managed funds.


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