Tomasz Maximises Growth by Consolidating Pensions and Refining His Investment Strategy

A Complex Pension Landscape

Tomasz, 52, had three separate pensions spread across the UK and Ireland, with a combined value of €160,000. Each pension was held with a different provider and followed uncoordinated investment strategies, making it difficult for him to track and manage his retirement savings effectively.

Recognising the need for a more structured and strategic approach, Tomasz turned to GSB Ireland, specialists in pension planning. The team at GSB Ireland assessed his existing pensions and identified inefficiencies in their investment allocations. Given that Tomasz planned to work well beyond 60, his funds were overly cautious, reflecting assumptions of an earlier retirement.

A Tailored Pension Consolidation Strategy

GSB Ireland helped Tomasz consolidate all three pensions under a single provider in Ireland, streamlining administration and ensuring a cohesive investment strategy. This simplified his pension management and allowed for a more strategic asset allocation aligned with his long-term financial goals.

With over a decade until retirement, Tomasz was comfortable with short-term market fluctuations, knowing he had sufficient time for market recovery before accessing his funds. To optimise growth potential, he adjusted his strategy by increasing his equity exposure while still using index funds to maintain diversification and minimise unnecessary risk.

Thanks to these strategic adjustments and favourable market movements, Tomasz’s pension funds grew from €160,000 to €190,000 in his first year, 2024, in line with market growth that year. By taking a proactive approach and leveraging expert advice, Tomasz is now on track for a more secure and prosperous retirement, confident that his investments are working efficiently for his future.