Wednesday August 5, 2020

Ask Emma

Why has my pension fund fallen by €230,000?

17th April, 2016

Question: I am in a bad situation. Last September, I was contacted by a consultancy firm with an offer to transfer out of the defined benefit scheme of my former employer. I left employment there in July 1999. The offer included a 25 per cent enhancement and the added benefit of not having to wait to turn 65. The statement of benefit valued the fund at almost €774,000.

Some time later, to my shock, an amended...

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