Personal Lifestyle Strategy 2015 Review

Size: px
Start display at page:

Download "Personal Lifestyle Strategy 2015 Review"

Transcription

1 S INVESTMENTS LIFE INSURANCE Personal Lifestyle Strategy 2015 Review november 2015 Audience: Brokers and Financial Consultants We launched our Personal Lifestyle Strategy (PLS) in In order to ensure PLS remains at the forefront of innovation in the Irish Defined Contribution (DC) pension market, we undertake an annual review of the overall process and the PLS constituent parts. During this review we take account of changes to the investment landscape over the past year and also any changes in legislation which impact on individual scheme members and how they will most effectively drawdown their benefits at retirement. contents 1. What does PLS do? 2 2. Review of Phase 1 3 The accumulation phase more than 20 years to retirement Pension Stability Fund Investment Volatility Management Global Equity Allocations with Volatility management 3. Review of Phase 2 switching into benefit target funds 4 Target Benefit 1: Tax Free/Taxable Lump Sum Target Benefit 2: Annuity/Pension for Life Target Benefit 3: Approved Fund (ARF) 4. Summary 6 What does PLS do? To recap, the key objectives of PLS are to place each DC scheme member s assets in appropriate investment funds throughout the duration of their pre-retirement savings, to ensure the members are in funds suitable for their likely retirement choices, and to protect their fund as they get closer to retirement; With 20 + years to retirement PLS invests member assets solely in a growth focused fund. With less than 20 years to retirement members assets are slowly transitioned from a growth focused fund to a mix of growth seeking assets and lower risk assets. 1

2 Finally when members get to within 6 years of retirement, PLS begins to smoothly transition each individual member s pension assets to investment funds which best match how each individual member will most likely drawdown their benefits at retirement (i.e. Tax Free Cash, annuity and ARF). Warning: The value of your investment may go down as well as up. Review of Phase 1 The accumulation phase more than 20 years to retirement The Personal Lifestyle Strategy consists of two phases which span the years of your pensions savings. It starts from the moment you join the strategy up on to your retirement. PHASE 1: GROWING SAFELY PERIOD PHASE 2: SWITCHES INTO BENEFIT TARGET S Contributions and Investment Growth STABILITY STABILITY STABILITY TAX FREE CASH FOR LIFE Depending on: Age Salary Date Fund value Additional Voluntary Contribution (AVCs) FLEXIBLE 20 years to 6 years to RETIREMENT Over the last two years we made adjustments to the growth fund within PLS. These changes were designed to introduce additional asset diversification and to reduce the level of volatility within the fund, whilst not obstructing potential strong investment returns over time. In 2015 we reviewed the asset mix of the growth fund again and decided that no further changes are required at this time. We will however keep the allocations for the fund under review. Consensus Plus - Growth Fund Asset Split (as at 30 September 2015) Equity 68.3% Bonds 22.1% Cash 5.3% Property 4.3% Source: Irish Life Investment Managers With less than 20 years to go to retirement, investment return volatility asset management becomes more focused within PLS and is achieved by smoothly switching small percentages of each member s assets each month into a lower risk fund - the Pension Stability Fund. The percentage invested into each fund by a member at a given point is determined by the number of years each member is from retirement. 2

3 Pension Stability Fund The Pension Stability Fund is mainly invested in diversified bond assets and cash with a satellite weighting to global equities with return volatility management overlays. The fund s objective is to achieve above inflation returns with relatively low levels of volatility. By switching into this fund, we ensure members assets are appropriately de-risked as they approach retirement. The de-risking process is achieved with small adjustments every month as the member moves towards retirement age. When each individual member gets to within 6 years from their expected retirement date their assets will be 6 invested in the Consensus Plus Fund and 4 in the Pension Stability Fund. Years to PRSA Consensus Plus Fund PRSA Pension Stability Fund PRSA Benefit Target Fund Growing Safely Phase Over Switches into Benefit Target Funds 5 48% 32% % 24% % 16% % 8% Investment Volatility Management within the Pension Stability Fund Diversified Bond Allocations Given the potential future volatility in the European government bond, we take a diversified approach with the fund s overall bond exposure. To protect the members from excessive exposure to a single asset, we invest the fund s assets in a mix of short-dated Eurozone government bonds, corporate bonds, inflation linked bonds and emerging market debt. Global Equity Allocations with Volatility management The fund invests in global equities which benefit from our volatility management tools via: - Dynamic Share to Cash (DSC) Model is an innovative quantitative model developed by Irish Life which seeks to take money out of equity markets when the potential for large falls in equity markets is foreseen and return money into equity markets when the outlook for equity markets return positive. - Global Low Volatility Equity Strategy is a collection of stocks selected on the basis that they are expected to deliver investment returns with less downside risk relative to the wider equity market and also which display positive dividend, earnings quality, market momentum and valuation characteristics. Such a portfolio of stocks is expected to deliver general equity style returns over time but with a lower risk of large falls in investor values in the short term. Cash element of the Pension Stability Fund The cash element is managed to a low-risk strategy, in line with the primary objective to provide capital security to the members. The fund currently invests solely in highly rated international counterparties / banks deposits whose credit rating is A- or higher. The bank deposits held range in duration up to 12 months. Pensions Stability Fund - Asset Split (30 September 2015) Bond 60.7% Cash 25.6% Equity 13.7% Source: Irish Life Investment Managers 3

4 Review of Phase 2 switching into benefit target funds The Personal Lifestyle Strategy consists of two phases which span the years of your pensions savings. It starts from the moment you join the strategy up on to your retirement. PHASE 1: GROWING SAFELY PERIOD PHASE 2: SWITCHES INTO BENEFIT TARGET S Contributions and Investment Growth STABILITY STABILITY STABILITY TAX FREE CASH FOR LIFE Depending on: Age Salary Date Fund value Additional Voluntary Contribution (AVCs) FLEXIBLE 20 years to 6 years to RETIREMENT In 2015 we reviewed phase 2 of PLS and decided that no further changes are required at this time. When members are close to retirement (6 years or less) PLS smoothly transitions individual member s pension assets to investment funds to best match each individual member s most likely benefits at retirement (i.e. Tax Free Cash, Annuity and ARF). Based on members personal details held by us, over the last six years prior to retirement we switch each individual member s pension savings into funds that best match how members are likely to take their benefits at retirement as follows: Priority Benefit Tax Free/Taxable Lump Sum Annuity/Pension for Life Approved Fund (ARF) Funding Targets We will target a lump sum of either a maximum of 1.5 times final remuneration (subject to having the relevant length of service) or 25% of the pension fund value, whichever lump sum option is greater. We will place an overall cap of 500,000 on this funding target. This 500,000 cap is based on Revenue limits and is made up of: A maximum tax-free lump sum of 200,000 a lifetime limit effective from December A taxable lump sum of 300,000, subject to the standard rate of tax (currently 2). Based on our research we recommend that a person should target a replacement income of at least 25% of their final remuneration in addition to any State Pension entitlement. This funding target allows for a minimum guaranteed income of 12,700 per year from the age you retire to the age you receive the State Pension. From the State Pension age, the income you get from your private pension will then target a minimum of 700 per year. So this private pension would be available in addition to any State Pension entitlement. Any remaining eligible contributions that are not used to fund the lump sum benefit or a pension for life can be transferred to an ARF, (subject to certain conditions). An ARF is a post retirement investment fund from which you can draw down income. It should be noted that members in PLS have the option to bypass the annuity matching fund and move their retirement savings straight to invest in the ARF Fund if they so wish. Target Benefit 1: Tax Free/Taxable Lump Sum We allocate the portion of each member s retirement savings which is expected to be used to drawdown a Tax Free Cash benefit to the Cash Fund. This ensures that there is minimal investment risk taken with this element of a member s retirement benefits as retirement approached. Our Cash Fund is currently utilised for this part. The fund is managed to a low-risk investment strategy, in line with the primary objective of providing capital security to underlying investors. The same strategy is applied to the cash section of the Pension Stability Fund and Flexible Fund as mentioned earlier. 4

5 Target Benefit 2: Annuity/Pension for Life Once a member s maximum tax free lump sum benefit is secured, the balance of the fund may be used to purchase an annuity to secure an income in retirement. Our Pension for Life Fund is currently utilised for this section of PLS. The fund is a passively-managed fund, which invests solely in AAA/AA rated Eurozone Government Bonds. As high grade bond yields fall, the price of annuities linked to these bonds will increase. To hedge this movement in annuity rates, we invest in high-grade government bonds whose capital values rise as bond yields fall. This has the impact of increasing members capital values to offset the rising cost of annuities. The reverse of this should also be noted, given that Eurozone government bonds yields are at all-time low levels. As high-grade government bond yields and ECB rates increase, the prices of annuities fall. However, in this environment we expect that high-grade bond values would also fall, albeit leaving the same annuity purchasing power. Target Benefit 3: Approved Fund (ARF) For members with retirement savings pots large enough to maximise their tax free cash and to also fund an annuity to the value of 25% of their final salary, we transition the residual value of their savings to a fund suited for assets set aside for an Approved Fund (ARF) - subject to certain conditions. We use the Flexible Fund for this. The fund is mainly invested in diversified bond assets and cash, with a satellite weighting to global equities, with return volatility management overlays. It is a similar fund to the Pensions Stability Fund covered earlier. The objective of the fund is to achieve inflation beating returns, while controlling levels of risk relative to traditional equity and managed fund performance. Flexible Fund - Asset Split (as at 30 September 2015) Bond 56.1% Equity 23.1% Cash 20.8% Source: Irish Life Investment Managers Summary In line with our commitment to the continuous improvement of the Personal Lifestyle Strategy concept, we will continue to monitor and review PLS to ensure the overall process and asset mix meets its overall objectives. For more information please contact your Irish Life Account Manager. Further details about the funds used in the Personal Lifestyle Strategy are available in our investment centre on our website Warning: If you invest in this product you may lose some or all of the money you invest. Warning: The value of your investment may go down as well as up. Warning: These funds may be affected by changes in currency exchange rates. Warning: If you invest in this product you will not have any access to your money until you retire. Securities Lending: The assets in these funds (except the Tax Free Cash Fund) may be used for the purposes of securities lending in order to earn an additional return for the fund. While securities lending increases the level of risk within the fund it also provides an opportunity to increase the investment return. 5

6 S INVESTMENTS LIFE INSURANCE Please Note: Every effort has been made to ensure that the information in this publication is accurate at the time of going to press. Irish Life Assurance plc accepts no responsibility for any liability incurred or loss suffered as a consequence of relying on any matter published in or omitted from this publication. Readers are recommended to take qualified advice before acting on any of the matters covered. CONTACT US PHONE: FAX: WEBSITE: WRITE TO: Irish Life Assurance plc, Lower Abbey Street, Dublin cb (11-15) Irish Life Assurance is regulated by the Central Bank of Ireland. In the interest of customer service we may record and monitor calls. Irish Life Assurance plc, Registered in Ireland number , Vat number 9F55923G. For more up-to-date information, see 6

Pension & Investment Options. A Guide to Irish Life Corporate Business Pension Funds

Pension & Investment Options. A Guide to Irish Life Corporate Business Pension Funds Pension & Investment Options A Guide to Irish Life Corporate Business Pension s Your Click into Pensions Irish Life Corporate Business offers a wide range of online tools to keep you up to date with pension

More information

PERSONAL RETIREMENT SAVINGS ACCOUNT INVESTMENT REPORT

PERSONAL RETIREMENT SAVINGS ACCOUNT INVESTMENT REPORT PENSIONS INVESTMENTS LIFE INSURANCE PERSONAL RETIREMENT SAVINGS ACCOUNT INVESTMENT REPORT FOR PERSONAL RETIREMENT SAVINGS ACCOUNT () PRODUCTS WITH AN ANNUAL FUND MANAGEMENT CHARGE OF 1% - JULY 201 Thank

More information

ALL ABOUT ANNUITIES JUNE 2015 WHAT ANNUITY PRODUCTS ARE AVAILABLE FROM IRISH LIFE?

ALL ABOUT ANNUITIES JUNE 2015 WHAT ANNUITY PRODUCTS ARE AVAILABLE FROM IRISH LIFE? PENSIONS INVESTMENTS LIFE INSURANCE ALL ABOUT ANNUITIES JUNE 2015 Irish Life appreciates that you have worked hard to save for your retirement. Deciding what to do with your pension fund is one of the

More information

All about Annuities. What annuity products are available from Irish Life? What is an annuity?

All about Annuities. What annuity products are available from Irish Life? What is an annuity? All about Annuities Irish Life appreciates that you have worked hard to save for your retirement. Deciding what to do with your pension fund is one of the most important decisions you will have to make.

More information

Eagle Star Self-directed Pension

Eagle Star Self-directed Pension Eagle Star Self-directed Pension Customer Brochure Puts you in control About Zurich Life Zurich Life Assurance plc is a member of Zurich Financial Services group, an insurance-based financial services

More information

PENSIONS INVESTMENTS LIFE INSURANCE CLEAR PRSA A STRAIGHTFORWARD PERSONAL RETIREMENT SAVINGS ACCOUNT

PENSIONS INVESTMENTS LIFE INSURANCE CLEAR PRSA A STRAIGHTFORWARD PERSONAL RETIREMENT SAVINGS ACCOUNT PENSIONS INVESTMENTS LIFE INSURANCE CLEAR PRSA A STRAIGHTFORWARD PERSONAL RETIREMENT SAVINGS ACCOUNT ABOUT US Established in Ireland in 1939, Irish Life is now part of the Great-West Lifeco group of companies,

More information

CLEAR Executive Pension. The company pension that puts you in control

CLEAR Executive Pension. The company pension that puts you in control CLEAR Executive Pension The company pension that puts you in control plan About us Established in Ireland in 1939, Irish Life is now part of the Great-West Lifeco group of companies, one of the world s

More information

Public Sector Employees Approaching Retirement

Public Sector Employees Approaching Retirement Public Sector Employees Approaching Retirement Sub-Title taking care of you... Planning for retirement Contents Planning for retirement 4 Retirement Lump Sum 5 Additional Pension 6 Sample Illustrations

More information

AIB Pensions. Saving for your retirement. This product is provided by Irish Life Assurance plc.

AIB Pensions. Saving for your retirement. This product is provided by Irish Life Assurance plc. AIB Pensions Saving for your retirement This product is provided by Irish Life Assurance plc. AIB has chosen Irish Life, Ireland s leading life and pensions provider, to provide its customers with a range

More information

Personal Retirement Savings Accounts. Policyholders Guide

Personal Retirement Savings Accounts. Policyholders Guide Personal Retirement Savings Accounts Policyholders Guide Stay up to date with your pension savings! We offer a number of great online tools to keep you informed about your investments Visit our website

More information

Additional Voluntary Contribution (AVC) Plan

Additional Voluntary Contribution (AVC) Plan Public Service Executive Union Additional Voluntary Contribution (AVC) Plan Explanatory Booklet ffgeneral contents Introduction 3 Introduction 4 The Additional Voluntary Contribution Plan 5 What are Additional

More information

Personal Pension Account

Personal Pension Account Personal Pension Account Contents Introduction... 1 A Closer Look At Our Personal Pension Account... 2 What Are The Tax Advantages?... 3 Flexible Contribution Options... 4 You Control Your Investment...

More information

Self Directed Portfolio

Self Directed Portfolio Self Directed Portfolio Contents 1. Introduction 4 2. Self Directed Portfolio overview 5 3. How does it work? 8 4. Technical details 24 5. Questions and answers 42 6. More information 44 3 1 Introduction

More information

GW Contracted-out Money Purchase Scheme ( the Scheme ) Statement of Investment Principles

GW Contracted-out Money Purchase Scheme ( the Scheme ) Statement of Investment Principles GW Contracted-out Money Purchase Scheme ( the Scheme ) Statement of Principles This Statement of Principles (SIP) covers the defined contribution section of the Scheme. It is set out in three parts: 1)

More information

YOUR RETIREMENT OPTIONS A guide from Irish Life

YOUR RETIREMENT OPTIONS A guide from Irish Life YOUR RETIREMENT OPTIONS A guide from Irish Life Committed to Plain English There is no financial jargon in this booklet and everything you need to know is written in an upfront and honest way. We are delighted

More information

Section Heading. Passive IRIS Individual Retirement Investment Strategy

Section Heading. Passive IRIS Individual Retirement Investment Strategy Section Heading Passive IRIS Individual Retirement Investment Strategy 1 Contents Passive IRIS at a Glance 1 A Lifestyle Investment Strategy 2 Introducing Passive IRIS 4 A straightforward approach to retirement

More information

pensions investments life insurance Administrator Guide

pensions investments life insurance Administrator Guide pensions investments life insurance Personal Retirement Savings Accounts (PRSA) Administrator Guide About us Established in Ireland in 1939, Irish Life is now part of the Great-West Lifeco group of companies,

More information

Your Guide to Retirement Options

Your Guide to Retirement Options Your Guide to Retirement Options Contents Introduction 3 Overview 4 Personal Pension Plans/PRSAs 5 Defined Contribution Company Pension Plans 8 Additional Voluntary Contributions (AVCs) 11 Retirement

More information

Your investment choice. Zurich International Portfolio Bond

Your investment choice. Zurich International Portfolio Bond Your investment choice Zurich International Portfolio Bond Investment choice The Zurich International Portfolio Bond (the plan) is provided by Zurich Life Assurance plc (Zurich), a member of the Zurich

More information

GSK Pension Scheme ( the Scheme ) Statement of Investment Principles

GSK Pension Scheme ( the Scheme ) Statement of Investment Principles GSK Pension Scheme ( the Scheme ) Statement of Investment Principles This Statement of Investment Principles (SIP) covers the defined benefit and the defined contribution sections of the Scheme. It is

More information

Options available when deciding to take pension benefits

Options available when deciding to take pension benefits Options available when deciding to take pension benefits You can now use the money that has built up in your pension fund to provide you with an income in retirement. An income can be provided in any of

More information

Eagle Star Buy-out Bond. Customer Brochure

Eagle Star Buy-out Bond. Customer Brochure Eagle Star Buy-out Bond Customer Brochure Why Zurich Life Pensions for your retirement needs? Financial strength Investment options Award winning customer service Online Access Proven investment performance

More information

Defined Contribution Pensions Members Guide. Irish Life - Company Pension Plans Made Easy

Defined Contribution Pensions Members Guide. Irish Life - Company Pension Plans Made Easy Defined Contribution Pensions Members Guide Irish Life - Company Pension Plans Made Easy Pensions on-line... Check out the Irish Life Corporate Business Website! Find the latest investment information,

More information

Securing your Future with PRSA S

Securing your Future with PRSA S Securing your Future with PRSA S NUIG Noel Hackett (QFA,MIB,Dip in Investments) Consultant Pensions Services New Ireland Assurance New Ireland Assurance Company plc is regulated by the Irish Financial

More information

AIB Retirement Options. Helping you make the right retirement choice. These products are provided by Irish Life Assurance plc.

AIB Retirement Options. Helping you make the right retirement choice. These products are provided by Irish Life Assurance plc. AIB Retirement Options Helping you make the right choice These products are provided by Irish Life Assurance plc. Getting the most out of your You have worked hard to save for your. Deciding what to do

More information

Personal Retirement Bond

Personal Retirement Bond Personal Retirement Bond Customer Guide This Customer Guide is to be read in conjunction with the Fund Guide. Introduction This guide applies to the Personal Retirement Bond. Zurich Life Assurance plc

More information

University of Reading Pension Scheme

University of Reading Pension Scheme Human Resources University of Reading Pension Scheme Investing for Retirement Introduction After deciding how much to save for retirement, where to invest the contributions that you and the University

More information

With Our PRSA You Can

With Our PRSA You Can Live Life Your Way With Our PRSA You Can Making Your Money Work As Hard As You Do Contents Why Should I Plan For My Retirement?... 2 How Will My PRSA Work?... 4 How Will I Benefit From A PRSA?... 6 Investment

More information

SHELL CONTRIBUTORY PENSION FUND. Additional Voluntary Contributions Arrangement Explanatory Book

SHELL CONTRIBUTORY PENSION FUND. Additional Voluntary Contributions Arrangement Explanatory Book SHELL CONTRIBUTORY PENSION FUND Additional Voluntary Contributions Arrangement Explanatory Book July 2013 CONTENTS 1 Introduction 3 2 What are AVCs? 7 Why pay AVCs? 10 How do AVCs work? 12 What options

More information

PERSONAL RETIREMENT SAVINGS ACCOUNT (PRSA)

PERSONAL RETIREMENT SAVINGS ACCOUNT (PRSA) PENSIONS INVESTMENTS LIFE INSURANCE PERSONAL RETIREMENT SAVINGS ACCOUNT (PRSA) STANDARD GROUP PRSA POLICY DOCUMENT TERMS AND CONDITIONS ABOUT US Established in Ireland in 1939, Irish Life is now part of

More information

Personal Pensions. Freedom in Retirement Plan Personal & Personal (Rebate) Single Contribution Pension Plan Personal Customer Guide

Personal Pensions. Freedom in Retirement Plan Personal & Personal (Rebate) Single Contribution Pension Plan Personal Customer Guide Personal Pensions Freedom in Retirement Plan Personal & Personal (Rebate) Single Contribution Pension Plan Personal Customer Guide This Customer Guide is to be read in conjunction with the Fund Guide.

More information

Defined Contribution Pension Plan. Employee Brochure

Defined Contribution Pension Plan. Employee Brochure Defined Contribution Pension Plan Employee Brochure This brochure describes your Defined Contribution Pension Plan, the aim of which is to help you provide financially for your retirement. This plan is

More information

Understanding your AVC investment choices

Understanding your AVC investment choices Shell Contributory Pension Fund Additional Voluntary Contributions Arrangement Understanding your AVC investment choices Produced in Association with the Trustee s Adviser Aon Hewitt July 2013 1 July 2013

More information

Sample Plan. Financial Plan

Sample Plan. Financial Plan Financial Plan ... Financial Plan For Peter & Helen Conroy....... a. a August 15, 2012 This Financial Plan together with your Plan of Action constitute your Statement of Suitability. Important Notice -

More information

PENSIONS: TAKE CONTROL OF YOUR FUTURE. Why pensions make sense

PENSIONS: TAKE CONTROL OF YOUR FUTURE. Why pensions make sense PENSIONS: TAKE CONTROL OF YOUR FUTURE Why pensions make sense For most people starting a pension was just something we did when we started working or when we set up our business. It just seemed sensible

More information

Your investment options University of Reading Pension Scheme

Your investment options University of Reading Pension Scheme Human Resources Your investment options University of Reading Pension Scheme Introduction If you are a member of the University of Reading Pension Scheme (the Scheme) you and your employer pay contributions

More information

TAKING CONTROL OF YOUR PENSION PLAN. The value of pension contributions

TAKING CONTROL OF YOUR PENSION PLAN. The value of pension contributions TAKING CONTROL OF YOUR PENSION PLAN If you add together all the money you have in pension arrangements, the total may well dwarf every other investment you ever make. Despite this, many people are happy

More information

CANACCORD GENUITY INVESTMENT FUNDS PLC. Supplement dated 11 November 2014 to the Prospectus dated 11 November 2014 CGWM SELECT INCOME FUND

CANACCORD GENUITY INVESTMENT FUNDS PLC. Supplement dated 11 November 2014 to the Prospectus dated 11 November 2014 CGWM SELECT INCOME FUND CANACCORD GENUITY INVESTMENT FUNDS PLC Supplement dated 11 November 2014 to the Prospectus dated 11 November 2014 CGWM SELECT INCOME FUND This Supplement contains specific information in relation to CGWM

More information

Passive Plus III Universal Strategic Lifestyle Profile

Passive Plus III Universal Strategic Lifestyle Profile Passive Plus III Universal Strategic Lifestyle Profile The Passive Plus III Universal Strategic Lifestyle Profile (SLP) has been chosen as the low-involvement option for your pension plan. It s considered

More information

BCP GLOBAL PORTFOLIO SOLUTIONS (GPS)

BCP GLOBAL PORTFOLIO SOLUTIONS (GPS) GROW YOUR FUNDS - PROTECT CAPITAL BCP GLOBAL PORTFOLIO SOLUTIONS (GPS) n n n Access Portfolios of Best in Class Global Funds & Indices With the additional benefit of Capital Security at maturity Ease of

More information

Build an investment portfolio that meets your needs

Build an investment portfolio that meets your needs Investments EBS Choice Investments Build an investment portfolio that meets your needs MOney advice Designed Around EBS Choice Investments is provided by Irish Life Assurance plc. Important note: EBS Choice

More information

A Guide to Personal Pension Plans

A Guide to Personal Pension Plans & Guidance PP A Guide to Personal Pension Plans Contents Why should I plan for my retirement? 02 What is a Personal Pension Plan? 03 How much should I invest in my Personal Pension Plan? 04 What is a Financial

More information

Complete Solutions Personal Retirement Savings Account

Complete Solutions Personal Retirement Savings Account Complete Solutions Personal Retirement Savings Account Customer Application Booklet Please ensure you read all declarations carefully before signing Product Selection Personal Retirement Savings Account

More information

Important information for AHCPS members nearing retirement

Important information for AHCPS members nearing retirement Important information for AHCPS members nearing retirement If you are nearing retirement and your gratuity under the Superannuation Scheme is likely to be less than the maximum allowed under Revenue rules

More information

AIB Regular Invest. This product is provided by Irish Life Assurance plc. Savings. Straightforward regular investing

AIB Regular Invest. This product is provided by Irish Life Assurance plc. Savings. Straightforward regular investing Savings AIB Regular Invest Straightforward regular investing This product is provided by Irish Life Assurance plc. Drop into any branch 1890 724 724 aib.ie AIB has chosen Irish Life, Ireland s leading

More information

Eagle Star Personal Pensions & Associated Policies

Eagle Star Personal Pensions & Associated Policies Eagle Star Personal Pensions & Associated Policies Freedom in Retirement Plan - Personal & Personal (Rebate) Single Contribution Pension Plan - Personal & Income Protection Plan Customer Guide Introduction

More information

Your Guide to Retirement Options

Your Guide to Retirement Options Your Guide to Retirement Options Contents Introduction 3 Overview 4 Personal Pension Plans/PRSAs 5 Defined Contribution Company Pension Plans 8 Additional Voluntary Contributions (AVCs) 11 Retirement Bonds

More information

LIFE ASSURANCE BUSINESS - REVENUE ACCOUNT FORM 1. Ark Life Assurance Company Limited. Reporting Institution: Written In Ireland - Irish Risk

LIFE ASSURANCE BUSINESS - REVENUE ACCOUNT FORM 1. Ark Life Assurance Company Limited. Reporting Institution: Written In Ireland - Irish Risk LIFE ASSURANCE BUSINESS - REVENUE ACCOUNT FORM 1 Written In Ireland - Irish Risk Items to be shown net of reinsurance ceded Premiums receivable (less rebates and refunds) 1 114,030 Investment income receivable

More information

Annuity and approved retirement funds Your options explained

Annuity and approved retirement funds Your options explained Annuity and approved retirement funds Your options explained Contents 03 How can I access my pension fund? 04 What are my options? 05 Your options explained 08 How do I decide what my options are? 09 Annuity

More information

Your Complete Investment Solution taking care of you...

Your Complete Investment Solution taking care of you... investment funds Your Complete Investment Solution taking care of you... Introduction New Ireland is one of the leading providers of investment solutions within the Irish market today. We offer a range

More information

SmithKline Beecham Senior Executive Pension Plan ( the Plan ) Statement of Investment Principles

SmithKline Beecham Senior Executive Pension Plan ( the Plan ) Statement of Investment Principles SmithKline Beecham Senior Executive Pension Plan ( the Plan ) Statement of Principles This Statement of Principles (SIP) is set out in three parts: 1) Governance arrangements 2) Objectives and implementation

More information

Friends Life Online Stakeholder Pension Fund guide

Friends Life Online Stakeholder Pension Fund guide Friends Life Online Stakeholder Pension Fund guide This guide describes the funds available for investment under our Friends Life Online Stakeholder Pension and sets out their aims. Which funds can I choose

More information

For professional investors and advisors only. Not suitable for retail clients. Schroder Life Flexible Retirement Fund

For professional investors and advisors only. Not suitable for retail clients. Schroder Life Flexible Retirement Fund May 2016 For professional investors and advisors only. Not suitable for retail clients. Schroder Life Flexible Retirement Fund Improving the DC journey Members in a defined contribution (DC) pension scheme

More information

GSK Pension Scheme ( the Scheme ) Statement of Investment Principles

GSK Pension Scheme ( the Scheme ) Statement of Investment Principles GSK Pension Scheme ( the Scheme ) Statement of Investment Principles This Statement of Investment Principles (SIP) covers the defined benefit and the defined contribution sections of the Scheme. It is

More information

Regional Transportation Authority Pension Plan (A Pension Trust Fund of the Regional Transportation Authority)

Regional Transportation Authority Pension Plan (A Pension Trust Fund of the Regional Transportation Authority) (A Pension Trust Fund of the Regional Transportation Authority) Financial Report Year Ended December 31, 2014 Table of Contents Page Independent Auditor s Report 1-2 Management s Discussion and Analysis

More information

Self Invested Personal Pension

Self Invested Personal Pension Self Invested Personal Pension Product providers for financial advisors A simple guide to securing your future Who are we? Wealth Options Ltd. is a leading distributor of innovative products to the Irish

More information

FINANCIAL PLANNER METHODOLOGY

FINANCIAL PLANNER METHODOLOGY FINANCIAL PLANNER METHODOLOGY The MeDirect Planning Tools are online investment planning solutions that provide wealth forecasting and investment advice. Our Planning Tools offer you two investment planning

More information

Synergy Personal Retirement Savings Account Your guide to how it works

Synergy Personal Retirement Savings Account Your guide to how it works Synergy Personal Retirement Savings Account Your guide to how it works Contents 03 Introduction to a Synergy Personal Retirement Savings Account 04 Why choose Standard Life? 06 You decide how your money

More information

Guide to SIPPs. Investment Helpdesk: 0131 550 1212. www.cs-d.co.uk

Guide to SIPPs. Investment Helpdesk: 0131 550 1212. www.cs-d.co.uk Investment Helpdesk: 0131 550 1212 www.cs-d.co.uk SIPP stands for Self Invested Personal Pension. SIPPs are a flexible type of personal pension. Like most, they are designed to provide a retirement pot

More information

Key Features Document

Key Features Document Keyfacts Key Features Document Transact Section 32 Buy Out Bond IntegraLife UK Limited A firm authorised and by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and

More information

ONLINE INVESTMENTS OUR FUND RANGE AND INVESTMENTS.

ONLINE INVESTMENTS OUR FUND RANGE AND INVESTMENTS. ONLINE INVESTMENTS OUR FUND RANGE AND INVESTMENTS. Why is it important to read this document? This document explains the funds available for you to invest in through our Investment ISA, which is a Stocks

More information

An Adviser s Guide to Pensions

An Adviser s Guide to Pensions An Adviser s Guide to Pensions 1 An Adviser s Guide to Pensions Contents: Section 1: Personal Pensions 1.1 Eligibility 1.2 Maximum Benefits 1.3 Contributions & Tax Relief 1.4 Death Benefits 1.5 Retirement

More information

Pension benefits with a guarantee and the advice requirement

Pension benefits with a guarantee and the advice requirement Pension benefits with a guarantee and the advice requirement January 2016 This factsheet is intended to help pension scheme providers determine: whether certain types of pension benefits which contain

More information

Self Select Investment Guide move ahead

Self Select Investment Guide move ahead Self Select Investment Guide move ahead For members of The Barclays Bank UK Retirement Fund (the UKRF) 2 Self Select Investments move ahead Inside this guide Welcome to Self Select 2 Investments Choosing

More information

A Guide to Retirement Planning for Company Directors & Executives

A Guide to Retirement Planning for Company Directors & Executives A Guide to Retirement Planning for Company Directors & Executives 2012 01.01 Contents 02.01 Pension Planning 03 03.01 Types of Pension provision 04 04.01 Executive Retirement Plan 05 05.01 Tax benefits

More information

Buy Out Bond Guide. Freedom to move

Buy Out Bond Guide. Freedom to move Buy Out Bond Guide Freedom to move About the company About the company Aviva Life & Pensions Ireland Limited is a subsidiary of Aviva Life Holdings Ireland Limited, a joint venture company between Aviva

More information

Financial Planning & Guidance RSA. A Guide to Personal Retirement Savings Accounts (PRSAs) Creating your success through Financial Planning

Financial Planning & Guidance RSA. A Guide to Personal Retirement Savings Accounts (PRSAs) Creating your success through Financial Planning & Guidance RSA A Guide to Personal Retirement Savings Accounts (PRSAs) Contents Why should I plan for my retirement? 02 What is a PRSA? 03 What is a Financial Broker? 06 Why would I need to use a Financial

More information

Collective Retirement Account

Collective Retirement Account Key features of the Collective Retirement Account The Financial Conduct Authority is a financial services regulator. It requires us, Old Mutual Wealth, to give you this important information to help you

More information

DB Personal Pension Plan

DB Personal Pension Plan Deutsche Bank Human Resources DB Personal Pension Plan Handbook for employees of DB Group Services (UK) Limited DB Personal Pension Plan Contents Introduction 4 What is the Group Personal Pension Flex?

More information

CGWM Bond Fund. Supplement dated 11 November 2014 to the Prospectus dated 11 November 2014. Investment Objective. Investment Policy.

CGWM Bond Fund. Supplement dated 11 November 2014 to the Prospectus dated 11 November 2014. Investment Objective. Investment Policy. CGWM Bond Fund To us there are no foreign markets. TM Supplement dated 11 November 2014 to the Prospectus dated 11 November 2014 This Supplement contains specific information in relation to the CGWM Bond

More information

Annuities. Introduction 2. What is an Annuity?... 2. How do they work?... 3. Types of Annuities... 4. Fixed vs. Variable annuities...

Annuities. Introduction 2. What is an Annuity?... 2. How do they work?... 3. Types of Annuities... 4. Fixed vs. Variable annuities... An Insider s Guide to Annuities Whatever your picture of retirement, the best way to get there and enjoy it once you ve arrived is with a focused, thoughtful plan. Introduction 2 What is an Annuity?...

More information

Annuity strategic lifestyle profiles

Annuity strategic lifestyle profiles Annuity strategic lifestyle profiles Our Annuity strategic lifestyle profiles (SLPs) are designed to be appropriate for customers who plan to take their full tax-free lump sum and buy a fixed annuity with

More information

25 Must Ask Annuity Questions

25 Must Ask Annuity Questions 25 Must Ask Annuity Questions When Can I Buy An Annuity? Who Is The Best Annuity Provider? Why Do I Need Advice? 1. What is an Annuity? If you have a private pension when you retire you can purchase an

More information

Preparing for 6 April 2015 Are you ready for Question Time?

Preparing for 6 April 2015 Are you ready for Question Time? Are you ready for Question Time? Background The new flexible pension regime will come into effect on 6 April 2015 There is already extensive press coverage of the changes In understanding the changes it

More information

Synergy Buy Out Bond Financial adviser guide

Synergy Buy Out Bond Financial adviser guide Synergy Buy Out Bond Financial adviser guide Contents 03 Help your clients keep track of their pension investments 04 What is a buy out bond? 05 What the rules say... 06 Key reasons to recommend a Synergy

More information

INVESTING YOUR SUPER. This document forms part of the NGS Super Member Guide (Product Disclosure Statement) dated 14 August 2015

INVESTING YOUR SUPER. This document forms part of the NGS Super Member Guide (Product Disclosure Statement) dated 14 August 2015 This document forms part of the NGS Super Member Guide (Product Disclosure Statement) dated 14 August 2015 INVESTING YOUR SUPER FACT SHEET 5 14 AUGUST 2015 NGS Super offers you flexibility and choice when

More information

Your guide to UK pension transfers

Your guide to UK pension transfers Your guide to UK pension transfers If you ve worked in the UK at some stage of your career you ve possibly built up a fund in a UK pension. Now that you re back living in Ireland you may wish to bring

More information

BAE SYSTEMS PENSIONS BECAUSE PLANNING IS PART OF THE JOURNEY RETIREMENT ACCOUNT GUIDE LEVEL 100+ MARCH 2015

BAE SYSTEMS PENSIONS BECAUSE PLANNING IS PART OF THE JOURNEY RETIREMENT ACCOUNT GUIDE LEVEL 100+ MARCH 2015 BAE SYSTEMS PENSIONS BECAUSE PLANNING IS PART OF THE JOURNEY RETIREMENT ACCOUNT GUIDE LEVEL 100+ MARCH 2015 CONTENTS Where your Scheme benefits come from 4 Your choices affect your retirement account 5

More information

DEMOGRAPHICS AND MACROECONOMICS

DEMOGRAPHICS AND MACROECONOMICS 1 IRELAND DEMOGRAPHICS AND MACROECONOMICS Nominal GDP (EUR bn) 181 815 GDP per capita (USD) 59 944 Population (000s) 4 422 Labour force (000s) 2 224 Employment rate 94.82 Population over 65 (%) 10.9 Dependency

More information

Group Additional Voluntary Contributions Plan Key features

Group Additional Voluntary Contributions Plan Key features Group Additional Voluntary Contributions Plan Key features This is an important document. Please read it and keep for future reference. The Financial Conduct Authority is a financial services regulator.

More information

Basic Guide to Retirement Income Options

Basic Guide to Retirement Income Options Basic Guide to Retirement Income Options Can I afford to retire? Which retirement income solution is best for me? Should I take all my tax-free cash entitlement? Will my family benefit from my pension

More information

Justifying the investment budget

Justifying the investment budget Justifying the investment budget Professional Pensions DC Conference, 12 April 2016 Tim Horne DC Investment Solutions Manager, Schroders For professional investors only. This material is not suitable for

More information

Get to know your options when saving for your retirement

Get to know your options when saving for your retirement Get to know your options when saving for your retirement RetireSmart Guide Allow us to introduce ourselves. We are Zurich. We are part of a global insurance group with Swiss roots. We are one of Ireland

More information

WELCOME TO THE AIRBUS GROUP UK RETIREMENT PLAN

WELCOME TO THE AIRBUS GROUP UK RETIREMENT PLAN WELCOME TO THE AIRBUS GROUP UK RETIREMENT PLAN Investment guide The is an important part of your reward package. This guide aims to help you choose the funds in which to invest your personal Retirement

More information

CGWM Total Return Bond Fund

CGWM Total Return Bond Fund To us there are no foreign markets. TM CGWM Total Return Bond Fund Supplement dated 6 October 2015 to the Prospectus dated 6 October 2015 This Supplement contains specific information in relation to the

More information

Investment Implications for UK DC Schemes in Light of Tax and Regulatory Changes

Investment Implications for UK DC Schemes in Light of Tax and Regulatory Changes Investment Implications for UK DC Schemes in Light of Tax and Regulatory Changes November 19, 2014 by William Allport of PIMCO With greater flexibility and choices available to DC savers in the latter

More information

TD Direct Investing A Guide to SIPPs

TD Direct Investing A Guide to SIPPs TD Direct Investing A Guide to SIPPs Introduction If you are considering investing for retirement, there are a number of ways to approach it. One way is to embark on the do it yourself (DIY) self investment

More information

Annuity PENSIONS INVESTMENTS PROTECTION

Annuity PENSIONS INVESTMENTS PROTECTION Annuity About Canada Life Established in 1903, the Canada Life Group has grown to be a modern and dynamic international financial services business. We are part of Great-West Life, one of the world s leading

More information

SmartFunds. The smarter way to invest

SmartFunds. The smarter way to invest SmartFunds The smarter way to invest What are SmartFunds? A simple smart hassle free way of accessing global markets SmartFunds is a range of investment funds, designed to cater for many types of investors.

More information

Individual Savings Account Fund menu

Individual Savings Account Fund menu Individual Savings Account Fund menu This fund menu lists all the funds available on our Individual Savings Account (ISA). Your financial adviser will be able to help you choose the right combination of

More information

Additional Voluntary Contributions

Additional Voluntary Contributions Additional Voluntary Contributions Working in partnership with the Universities Superannuation Scheme to help you towards a more comfortable retirement Will you have enough money for retirement? As a member

More information

THE WORLD OF INVESTING

THE WORLD OF INVESTING PENSIONS INVESTMENTS LIFE INSURANCE THE WORLD OF INVESTING A QUICK GUIDE INTRODUCTION If you are thinking about investing, then this booklet is designed to help lead you through the investment landscape.

More information

KEY GUIDE. Investing for income at retirement

KEY GUIDE. Investing for income at retirement KEY GUIDE Investing for income at retirement Introduction The decisions you make at retirement could have repercussions for the rest of your life. That might be considerably longer than you think, as the

More information

For BP UK employees. Pension plan investment guide. Pensions Investments Protection

For BP UK employees. Pension plan investment guide. Pensions Investments Protection For BP UK employees Pension plan investment guide Pensions Investments Protection This guide is for current members of the Defined Contribution 2010 Pension Plan and BP UK employees who are considering

More information

Mutual Fund Investing Exam Study Guide

Mutual Fund Investing Exam Study Guide Mutual Fund Investing Exam Study Guide This document contains the questions that will be included in the final exam, in the order that they will be asked. When you have studied the course materials, reviewed

More information

AIFMD investor information document Temple Bar Investment Trust PLC

AIFMD investor information document Temple Bar Investment Trust PLC AIFMD investor information document Temple Bar Investment Trust PLC Temple Bar Investment Trust PLC (the Company ) was incorporated in 1926 with the registered number 214601. The Company carries on business

More information

Special Savings Plus. Best Investment Manager 2006 (MoneyMate) protected funds

Special Savings Plus. Best Investment Manager 2006 (MoneyMate) protected funds Special Savings Plus Best Investment Manager 2006 (MoneyMate) protected funds Saving for the future is a necessity for most people, and selecting the right savings method for you depends on the uses to

More information

Self Invested Personal Pensions (SIPPs)

Self Invested Personal Pensions (SIPPs) SHARE DEALING INVESTMENT MANAGEMENT Your guide to Self Invested Personal Pensions (SIPPs) A flexible way to manage your pension arrangements Self Invested Personal Pensions (SIPPs) Self Invested Personal

More information

Broker Guide to Canada Life Products Version 42

Broker Guide to Canada Life Products Version 42 This document is intended for Financial Advisors only and not consumers. Broker Guide to Canada Life Products Version 42 SOURCE: Marketing Information valid as per April 2013 This Guide does not form part

More information

The Personal Range Key Features of the Individual Personal Pension Transfer Value Account

The Personal Range Key Features of the Individual Personal Pension Transfer Value Account The Personal Range Key Features of the Individual Personal Pension Transfer Value Account Reference MPEN11/F 07.15 The Financial Conduct Authority is a financial services regulator. It requires us, Friends

More information