Irish Pension Information

Page showing Pension Performance Comparison.

Check your Pension Performance

If you have a pension it is important that you monitor its performance to make sure it is working hard for you.

A pension review looks at your current pension charges, performance, and structure to see if you can get access to a better deal/terms elsewhere.  

Why you should

Review Your Pension

If you have a pension that you haven’t reviewed in the last twelve months it is important that you have it reviewed. 

Some people leave their pension invested and don’t really think of it from one end of the year to the other. 

Investment companies know this so they don’t always try to remain competitive. 

A free review will put your mind at ease that your pension is performing well or it will highlight areas for improvement so you can increase the performance. Either is a win-win situation for you and your pension fund.

What will you find out

During a Pension


Finding A

Get the answers to the questions we are asked most often about finding a pension. 

If you can’t find the answer to your question call our Free Pension Information Service on 01 255 2553 and a member of our team will be happy to help.

Concept of pension or retirement plan on gray table

As you don’t have to make a conscious effort to pay your pension charges its easy for these to slip under your radar. When you combine your pension charges with your pension performance you can be making a loss even when the performance of your fund is positive.


Contribution Charge

This is a charge applied to your pension when you put money in  or “contribute” to your pension fund. A contribution charge is normally a percentage.

In some instances your contribution charge may change depending on how much you put into your pension. Normally the more you are putting in the less your contribution charge will be.


Allocation Rate

An allocation rate charge is the same as a contribution charge it is just expressed in a different way. For instance your fund could have a 97% allocation rate. Each time funds are allocated to your pension only 97% of those funds are put in. The rest is taken as an allocation charge.


You may also have a positive allocation rate. For example an allocation rate of 103% In this instance for every €100 you put in your pension provider puts €103 into your pension. A positive allocation rate over 100% is  a bonus each time you put money into your pension.


Non Allocation Period


A non allocation period is a period of time for example 3 months where the full amount you put into your pension is taken as a charge.

Your advisor will check each of these charges to see if you can access a better rate. 

Ongoing charges go to your pension provider for managing your fund. If your fund is performing well meaning these charges are easily covered by fund growth then it is a win-win situation for everyone. However if your fund is performing poorly and your charges are more than your funds growth resulting in poor performance you should investigate further.


Lets take a look at what ongoing charges may be taken from your pension fund.


Annual Management Charge


This is a charge applied to your pension fund annually. It is usually a percentage such as 1%. Each calendar year 1% of your fund is taken as a charge.


 An Annual Management Charge may also be known as an Annual Fund Charge of AFC.


Policy Fee


Some Retirement Annuity Contracts may have a policy fee. This fee is normally taken monthly.


It is easy to see how these charges can add up to tens of thousands of euros over the lifetime of your pension. A saving of just 0.25% in your AMC can make a huge difference to the final balance of your pension fund.


During your Free Pension Health Check your financial advisor will compare the charges you are paying with the other charges in the market. If lower charges are available in another fund you are considering then your advisor will be able to show you the effect these lower charges will have on your pension balance over time. 


This is called a reduction in yield calculation or in other words it shows you how much the charges applied to your pension reduce your pension pot. 

At the end of your review your advisor will provide you with a list of options. 

In some cases there will be a cost associated with an option for example if you wish to access your full pension.

In other cases if you decide to move your pension to a better performing fund your advisor would receive a commission from the investment company such as Aviva, Zurich, Irish Life Etc. 

However it is important to note that you are not obliged to proceed with any of the options provided. You can simply use the free service to get the information notedyour pension. You don’t have to proceed with any of the  options presented to you.

Simply let your advisor know you don’t want to go with any of the options and they will close off your case straight away. They will of course provide you with your pension providers details so you have them going forward. 

Your advisor will ask you to complete a one-page form with your name, address and contact details. This form can be completed online in under 30 seconds. 

This is the only paperwork you need to complete for our free pension tracing service. 

It can take anywhere from 3 weeks to 6 months to locate a pension. The more complex your case is the longer it will take your advisor to find it. 

Your advisor will work to find your pension as quickly as possible for you.

If your advisor can’t find a pension for example in cases where you did not have a pension your advisor will give you a call and let you know.

Your advisor will then close off your case. The service is free so you will not be asked to pay any fee whatsoever.

We know safety is paramount when dealing with your pension. That is why we will only connect you with advisors who meet both of the following criteria.

The Central Bank of Ireland

Your Advisor’s firm will be registered and regulated by the Central Bank. Each authorised firm is provided with a registration number from the Central Bank of Ireland. This number allows you to independently verify that your advisor’s firm is authorised by the Central Bank.

  • The Advisor we connect you with will provide you with their Central Bank Registration Number. You can contact the Central Bank to confirm this number is authentic.
  • They will call you from the phone number listed for their firm on the Central Bank’s website.

Brokers Ireland

Many Financial Brokers are members of Brokers Ireland. Brokers Ireland is the representative body for brokers in Ireland. Your advisor’s firm will also be a member of Brokers Ireland. You can also verify this independently by contacting Brokers Ireland.

All the advisors we work with are authorised by the Central Bank of Ireland and are also members of Brokers Ireland.


Pension Paperwork

When you started your pension, it is likely that you would have received some paperwork from your pension provider. This is the best place to start looking. 

Review your old files and if you come across any paperwork from the pension, try to find a pension provider noted on the document. 

If you find a pension provider give them a call and ask if they hold your pension. Remember it is possible your pension could have been set up in your maiden name so keep this in mind. 


Old Employer / Work colleagues

If you have not been able to locate any pension documents the next step is contacting your previous employer or work colleagues. 

Your previous employer should be able to tell you who the pension provider is. 

If your old employer is now uncontactable you could try contacting your  old work colleagues who may be able to help point you in the right direction.  

If you still havn’t been able to locate your pension why not use our free tracing service. 


Free Pension Tracing Service

If you are still unable to find your pension you can use our Free Pension Tracing Service.

Many people skip the first two steps and go straight to the free pension tracing service because it’s easy, fast, and efficient. 

Simply fill in your details, and we will connect you with an advisor who will find your pension for free.

Your advisor will ask you to fill out a one-page form with your name, address, and contact details. They will then contact all Irish and UK pension providers on your behalf and locate your pension for you.

Our happy clients

We’ve helped thousands of people with their pension


Age 60


“The first person I spoke to who actually made sense of pensions for me. No jargon or big words just the information I needed.”


Age 51


“I wanted to access my pension because my mortgage payment had gone up and then gone up again. I accessed my pension and paid off the mortgage.


Age 54


“I thought getting the pension out would be full of grief. I signed a few forms, the advisor did the rest and the money arrived in my bank account. Brilliant!”

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