Pension Member Communication

We have an extensive range of communications to help members understand their company pension plan and to help them to effectively save for their future. These are a mixture of more traditional written communications as well as a range of online applications and include:

• Annual pension benefit statement and Statement of Reasonable Projection
• Investment strategy communication and investment fund flyers 
• A member guide to Defined Contribution pensions
• ‘Traffic Light’ letters
• Pension Planet Interactive
• An online pension calculator
• Smartphone App

Service for company pension plan members

We provide a comprehensive consultation service to members to help them develop their understanding of how their company pension scheme operates, how they can use AVC’s to provide for additional retirement benefits and how they should approach the selection of an appropriate investment approach.

Our experience is that group and face-to-face discussions tend to be very powerful in helping members gain a deep understanding of how they can use the company pension scheme to best effect.

Our AIM member services team was set up seven years ago and remains unique in the Irish market. The AIM team attends our clients’ worksites to hold group presentations and one-to-one consultations with employees. There is no extra charge for this service.

At the one-to-one consultations Irish Life Corporate Business representatives provide information allowing members to consider the appropriate level of AVCs to contribute to the group pension scheme, taking their retirement plans and Revenue maximum benefit/contribution limits into account. This process involves the preparation and discussion of retirement benefit projections, taking the member’s situation and goals into account.

One-to-one consultations are of particular importance to members over age 50, for whom retirement is much closer than for younger members. Given the shorter timeframe, it is very important that older members fully engage with the company pension scheme so that they maximise their prospects of achieving their retirement goals, while managing their exposure to risk through appropriate investment of their accumulated fund.

How does AIM work for the members of your company pension plan?

• Members take responsibility for their own pension planning and understand the importance of paying the right amount into their pension funds.
• Valuable communication exercise, which answers a lot of the questions your employees will have on how their pension works.
• Suitable for all employees, including young and inexperienced investors.
• Realistic pension expectations set with your employees.
• Informing your employees on how to make their money work for them with the generous tax reliefs available.
• This service allows for on-site presentations and one-to-one consultations with your employees.

To find out more read our brochure to summarise our AIM service.

If you are interested in this service you can speak to your account manager or the AIM manager Gwen Reddy on 01 704 2210.