University of Limerick AVC Plan. How does the plan work?
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Transcript of University of Limerick AVC Plan. How does the plan work?
University of Limerick AVC Plan
How does the plan work?
Investment Jargon!
Equities Company shares
Property Commercial buildings, i.e. office, retail and industrial units
Bonds Bond issued by Governments, usually within the Eurozone.
Cash Money on deposit with a variety of banks for different lengths of time.
Typical Pension funds are made up of some or all of the following assets.
Two ways to go
• Choose a Strategy
Or
• Make your own investment decisions
Far from retirement, look for performance.
Close to retirement, look for security.
"Risk is fine if you have time".
Investment Options
Individual Investment Strategy
Aims to reflect the changing investment needs during various stages of your life
Growth
Consolidation ( 5 years )
Consensus Fund
Capital Protection Fund
Invests in higher risk
funds initially
Moves to lower risk funds
Active Managed Fund
Consensus Fund
Indexed 50/50Equity Fund
Factsheets available at www.irishlifecorporatebusiness.ie
A selection of funds available
Capital Protection Fund
Pension Stability Fund
Cash Fund
Fund Returns
Fact sheets available at www.irishlifecorporatebusiness.ie
Source: Irish Life Investment ManagersFund Returns to 28 February 2015
Fund Risk Rating
1 year 3 years 5 years 10 years
Cash Fund -0.6% -0.4% 0.1% 1.4%
Capital Protection Fund 7.9% 7.2% 5% 3.4%
Secured Performance Fund 2.6% 1% 0.7% 2.4%
Pension Stability Fund 8.8% 5% 4% n/a
Active Managed Fund 23.8% 16.6% 11.6% 5.9%
Consensus Fund 25.3% 16.3% 12.7% 6.4%
Indexed 50/50 Equity Fund 25.2% 18.1% 13.2% n/a
Yearly Average
Capital Protection Fund Update
With effect from 23rd January 2015:
• The fund is closed to new Single Premium investments & Transfer Values
• The fund is no longer available as an option to switch existing fund values into
Can still be used:
• For regular contributions
• As part of a strategy
www.irishlifecorporatebusiness.ie
Investment Centre
• Factsheets for all funds
• Fund Performance Figures
• Market Commentaries
Fund Centre App
• Fund performance and charting tool • Factsheets• Add funds to your favourites • Search facility
The new investment app called “Fund Centre” is now available for Apple and Android devices
Quick access to stay up to date
The BIG question...
What will my
pension be?
Am I saving enough?
AVCs?
The key to success....
• What income do you want in retirement
• Find out are you on track
• Do you need to save more?
• Review from time to time to ensure you stay on track!
www.irishlifecorporatebusiness.ie
Our new website
• Link to Investment Centre
• Your pension account
• Pension Calculator
My Pension App
Free to download from the App Store or mypensionapp.ie
Pension Pulse
Focus on...
• Projected income in retirement
• Benefit of making AVCs
• Fund choice and risk
• Will be issued 3 months after Benefit Statements
Any Questions?
Warning: The value of your investment may go down as well as up.
Warning: if you invest in this product you will not have access to your money until you retire.
Warning: The value of these funds may be affected by changes in currency exchange rates.
Warning: If you invest in this product you may lose some or all of the money you invest.
Note: All benefits must be paid in accordance with Revenue limits.
Irish Life Assurance plc is regulated by the Central Bank of Ireland
Don’t leave your income in retirement to chance!
• Set your goalsWhat do you want to have at retirement?
• Register online – www.pensionplanetinteractive.ie
• Try out the pension calculator– www.pensionprophet.ie
Thank You