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Defined Contribution Company Pension Plan

A Defined Contribution group pension plan means that the contributions from both an employer and an employee will be defined at the outset. Contributions will accumulate in a separate fund for each employee. The accumulated fund together with investment growth earned will be used to buy retirement benefits for employees as they retire.

Irish Life Corporate Business was the first company to introduce the Defined Contribution product in Ireland. Since then we have grown to be the biggest single provider of Defined Contribution copmany pension plans in Ireland. Our vast experience in this market has helped us become the pension provider of choice. Our unique Defined Contribution company pension product, called Retirement Solution, has and will continue to provide an innovative service.

How does Retirement Solution differ from other Company Pension Plans?

  • Retirement Solution offers clients a comprehensive unique range of investment options. See Investment options brochure.
  • Members can find out the value of their pension fund by simply using our internet service, Pension Planet Interactive or by using our unique interactive phone service, Pension Phone. Clients can get 100% accurate, up to date information on their fund, seven days a week.
  • There is a completely transparent pricing structure with no hidden charges. The pension plan member pays no penalties if they decide to leave the plan early.
  • Retirement Solution is extremely flexible. Irish Life Corporate Business invests money as soon as we receive it. We do not dictate when, and how often, money has to be received.
  • It's hassle free - Irish Life Corporate Business can collect payment information by payroll download or by spreadsheet which can be sent by email. We take care of the administration of your pension scheme, taking the burden away from you.
  • Our Client Services team will be available to meet Trustees, employers and members to help them.
  • From the Trustee/Employer's perspective we provide confidence that the group pension scheme will be administered in accordance with the ever-changing legislation and regulations.

Defined Contribution Documents - Downloads

Click here to view all Defined Contribution documents

WARNING: If you invest in this product you will not have any access to your money until your retirement date.

WARNING: The value of your investment may go down as well as up.

WARNING: The income you get from this investment may go down as well as up.

WARNING: The value of the fund 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.

Irish Life Assurance plc 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 152576, Vat number 9F55923G.

Irish Life Assurance is part of the Irish Life and Permanent Group. Registered office is situated at Irish Life Centre, Lower Abbey Street, Dublin 1.

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