Tuesday, February 3, 2009

New Pension Product and Enhancements to Existing Products


Personal Retirement Bond (also referred to as a Buy-out-Bond or Pension Transfer Plan). This is a single contribution retirement investment product designed for those who are leaving employment, moving from one employer to another or transferring between pension schemes.

The minimum transfer amount is €2,500. There are no entry/exit charges, so 100% of your money is invested. The only charge is an annual charge of 0.85% on the value of your investment fund. There are 26 funds to choose from and you will have the option of having on-line access to your account.


The minimum single contribution on the product has been reduced from €7,500 to €5,000.


The Global Absolute Return Strategies Fund (GARS) has been added as an investment option.

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