Originally posted by Denny Crane
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Originally posted by Raoul Duke III
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Interestingly your former employer didn’t really give a fuck about Zurich’s performance when reviewing things a few years ago. They didn’t even make the final stage….
What’s important to a sponsor and a member are often vastly different things.
It probably did help Irish life’s cause that they are a pretty big customer of your former employer as well!!
A good admin platform and an easy life for HR gets way more air time then a piddling thing like investment performance. Zurich don’t present very well to corporates either. Very much in the old school insurance company/broker mindset. They absolutely blew a recent tender I was running by spending the majority of time talking about investments when the key HR stakeholder wanted to hear about member comms and seamless management of the scheme. The investment performance numbers speak for themselves so show a few good charts showing how well you’ve done and move on.
The dynamic share to cash overlay that ILIM use on their equity exposure in their MAPS funds meant they lost a lot of ground from April until august in 2020 which has really hurt their performance numbers. If you strip that out they’ve done reasonably well. You can avoid that product by just selecting a portion in passive equities with no market factor overlay if your prefer.
I do like having separate pension savings if possible to facilitate phased retirement in my 50s and access to cash for paying off the mortgage and kids college fees etc. But it’s all manageable via an ARF anyway so no big deal.
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