New Ireland PRSAs The following are details of New Ireland's Standard PRSA product.  New Ireland also market a Non-Standard PRSA.  Charges 5% of each contribution, and 1% of the fund annually.  New Ireland currently do not pay commission on contributions below €100.00 per month, so if you wish to contribute less than this to a New Ireland product, we will charge you a fee.  Please ask for details.  Fund Choices All New Ireland's funds are managed by Bank of Ireland Asset Management. Managed - This fund invests in a broad range of Irish and international company shares, property, government securities and cash.  Consensus - The Consensus Fund is a passively managed investment fund.  It aims to track the average performance of Irish fund managers as measured by a quarterly independent survey.  Within asset classes it uses a passive, index tracking approach, which eliminates the risk of choosing the wrong investment manager.  Cash - A low-risk, low-return fund largely invested in cash instruments. Default Investment Strategy For those not wishing to choose their own funds, the Default Investment Strategy is New Ireland's range of Individual Retirement Investment Service (IRIS) funds.  If you use this strategy, New Ireland assume that on reaching retirement age you intend to use your PRSA assets mainly to purchase a pension.  The general principle of this strategy is to move from a high equituy content to a high fixed interest content as retirement age approaches.    What Do I Do Next? If you want further information or want to open a PRSA, click here.