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Personal Retirement Bonds (PRBs)

A Personal Retirement Bond (PRB), which is also sometimes known as a Buy-Out-Bond, is used by the trustees of a pension scheme to buy retirement benefits for former members of their pension scheme. A PRB is a personal policy in the member's name. The value of their fund when they leave the pension scheme is invested in the bond. When they retire, they can then use the proceeds of the PRB to provide retirement benefits.

Irish Life Corporate Business has long established itself as a first-class provider of PRBs. We offer an extensive range of investment options supported by internet capabilities and a dedicated administration area. This is why Irish Life Corporate Business has become the company of choice in the PRB market.

Why choose an Irish Life Corporate Business PRB (buy-out-bond)?

Irish Life Corporate Business is the market leader in the provision of Personal Retirement Bonds or buy-out-bonds.

  • We offer competitive terms, in particular where a number of bonds are purchased together.
  • The member will receive first-class communications, such as an annual benefit statement clearly outlining their entitlements and detailed documentation on joining.
  • The member can check up on their value at any time by using our internet offering, Pension Planet Interactive or by using our unique interactive phone service, Pension Phone.
  • The member can choose from a wide range of investment options to meet their needs. These funds have no bid-offer charge to help to simplify investments.
  • There are no monthly contract charges levied on members.

When can a buy-out-bond be used?

  • When leaving employment or
  • When leaving a pension scheme or
  • For large-scale withdrawals, such as a scheme winding up.

Investment Options for Personal Retirement Bonds

A PRB (buy-out-bond) invests in one or more of our range of unit-linked funds. We invest each unit fund differently so that the choice of funds gives access to a wide range of different assets (for example company shares, fixed-interest bonds, property and cash). As a result of this the asset and risk choice is increased. The funds chosen should depend on the amount of risk desired.

Downloads

Click here to view all PRB 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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