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Pension advice welcome

  • 02-04-2021 5:37pm
    #1
    kmb
    Registered Users, Registered Users 2 Posts: 1,723 ✭✭✭


    Hi All,
    So my previous pension with my ex employer was the Retirement Fund (IRIS) 2025 which is trading @ €2.67 per unit which was originally to finish at 60.
    I have decided to extend this to 65 with my new employer and my new Ireland advisor is setting up the Retirement Fund (IRIS) 2030 for me which is trading @ €2.833
    This means that I would have a lot less number of units if I transfer over the 2025 funds.
    But does it really matter as the overall value will be the same?
    If the unit price goes down, will I have larger loss or is it all relative?
    Should I leave the 2025 where it is and just build up new from scratch for the 2030?
    Obviously my intent is to grow the money but not put it in a more precarious position as I am 55.

    What do ye advisors reckon is the best way forward?

    Kind Regards,

    Kmb


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