There is no better way to save for retirement than by investing in a pension fund. However, with hundreds of funds available, choosing the right one is as complicated as ever. This is problematic, as being in the wrong fund can be catastrophic for your retirement savings.
Unfortunately, there are tens of thousands of people who are contributing significant portions of their salaries into pension funds that have been underperforming for many years.
Which funds are performing well and which are underperforming?
Over the past five years, the vast majority of the top performing funds were high equity funds with risk ratings of 5 or 6. The worst performers were those with portfolios made up of bonds or property, typically much lower down on the volatility scale.
This is not to say all high equity funds performed well, or that all funds with high allocations to bonds or property performed poorly.
However, most of the best and worst performing funds from each provider having these asset allocations is notable, as many might assume that bond funds are always safe and high equity funds fluctuate wildly. Over the past five years, this hasn’t been the case, at least among the best and worst performers.
Best Pension Funds by Provider
So over the past five years, which pension funds have seen the highest and lowest cumulative growth from Ireland’s main providers? Select a pension provider below to see some of their best and worst performing funds over the past five years.
Best Pension Funds Based on Life Stage
The best pension fund for you depends on a number of factors, of which performance will play a role. However there are many things to consider before making a decision.
That’s why our series of life stage pension guides based on your life age will give you tailored advice on contributions, tax incentives, risk management, inheritance, and much more, based on your current age.
