A new online comparison platform has been launched which tracks the performance of hundreds of pension funds.
The Irish Pension Fund Explorer is a free comparison tool with real-time data on 597 pension funds.
It has been launched by the National Pension Helpline, a private firm that offers financial advice to consumers.
The company said the searchable database can be used to compare each fund’s growth, risk exposure, where their assets are located, and the holding companies involved.
Interactive graphs and charts allow savers to view multiple funds’ value and performance side by side, as well as other key stats such as management fees.
“This new platform is a major milestone in making the pension industry more transparent and easier for the public to navigate the hundreds of funds that are available,” said James Dorrian, Managing Director of the National Pension Helpline.
“The National Pension Helpline was set up out of frustration for how hard it is for the average person in Ireland to get the information they need when it comes to investing in their pension.”
“This first-of-its-kind public resource allows users to compare the performance, asset allocations and risk profiles of hundreds of individual pension funds,” Mr Dorrian said.
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