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Investment: risk and reward

Investment choice in DC schemes, personal pensions and PRSAs

As a member of a defined contribution scheme or if there is a DC element to your defined benefit scheme or if you have a personal pension or PRSA, you may be entitled to make some decisions about how your retirement fund is invested. For example, you may be able to split your pension savings between low-risk, medium-risk and high-risk investment funds. If you do not choose to allocate your savings to different funds, your retirement fund will be invested in line with the pension scheme’s default option.

You should carefully review the information provided on any option offered before making any decisions. It is important that you periodically review any investment decision taken, especially in the years running up to retirement as you may wish to protect any investment gains made. When you are younger you may be more willing to take additional risk with the objective of getting a higher return over the long term.