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Executive Benefits Limited
Ph: 01-4589369
Executive Benefits Limited
Athgoe Lodge
Newcastle
Co. Dublin.
Athgoe Lodge
Newcastle
Co. Dublin.
Ph: 01-4589369
info@ebl.ie
www.ebl.ie
info@ebl.ie
www.ebl.ie
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"Personal service,
and individually
tailored financial
planning solutions"
Executive Benefits Limited is regulated by the Central Bank of Ireland.
The O'Connor Sutton Cronin company pension scheme.
.....Your pension contributions are fully deductible against
your income tax.
.....The charging structure is very attractive compared to
other forms of pension such as Personal Retirement
Savings Accounts (PRSAs).
.....The range of investment funds available to you through
the scheme is large. You can select a fund (or funds) to
suit your own attitude towards investment risk, and you
can switch between funds if you wish.
.....Irish Life has a very strong record in pension investment
fund management.
.....The O'Connor Sutton Cronin company pension scheme is a very flexible pension
vehicle. You can stop, restart, increase or decrease your contributions without
penalty.
.....The company pension accepts transfers in from pension schemes associated
with previous employments. This allows you to build up your pension in one
efficient fund.
Fund Choice
You have a wide range of investment options available to you through the pension
scheme. You can read upon the Irish Life investment funds here:
https://www.irishlifecorporatebusiness.ie/investment-centre
We would urge you to read this and to think about the type of investment fund you would like to invest your pension contributions in. The webpage explains the degree of investment risk associated with the various investment funds. We would advise you to pay particular attention to the funds as you come closer to retirement age.
We would urge you to read this and to think about the type of investment fund you would like to invest your pension contributions in. The webpage explains the degree of investment risk associated with the various investment funds. We would advise you to pay particular attention to the funds as you come closer to retirement age.
Fund Performance
A pension is a long term investment and so anybody with a reasonably long term
to retirement should not be unduly worried by fluctuating markets. Even in falling
markets you should continue to make pension contributions. The ultimate value
of your pension fund will be made up of a combination of the contributions made,
and the investment returns generated by those contributions. The more you
contribute, and the longer it is left invested, the bigger the final fund.
If you would like to know the current value of your pension fund straight away and you do not wish to wait for your annual benefit statement, or if you wish to discuss any aspect of your pension including the investment performance then please contact Tony Gleeson in Executive Benefits Limited on 087-2570139. Current valuations are available at any time.
If you would like to know the current value of your pension fund straight away and you do not wish to wait for your annual benefit statement, or if you wish to discuss any aspect of your pension including the investment performance then please contact Tony Gleeson in Executive Benefits Limited on 087-2570139. Current valuations are available at any time.
In order to put some long-term historic perspective on investment market
volatility, the graph below shows the performance of an Irish Life pension
managed fund over 45 years. It therefore covers many highs and lows, economic
booms and busts. You will note that although there have been spikes up and
down in certain periods (including the infamous 1987 stock market crash) the
general trend line is solidly up over the longer term.
State Pension
With the passing of the Social Welfare and Pensions Act 2011, there have been
important changes to the State pension age. In particular, the State Transition
pension (payable from 65 to 66) for new claimants was discontinued with effect
from 1 January 2014. This means that there has been a standard State pension
age of 66 years for everyone from 1 January 2014. It is envisaged that the
State pension age will gradually increase to 67 between 2028 and 2031, and
then to 68 by 2039. We would urge you to take these changes into account in
your long term financial plans.
Pension Reviews
Frequently asked questions in relation to annual benefit statements are addressed
here.
Trustee Annual Report
A copy of the scheme Trustee Annual Report is available from your employer on
request.
Any Queries: If you have any queries in relation to pension matters, including
current or previous pension arrangements please contact the scheme advisor:
Tony Gleeson, Executive Benefits Limited. Email: tonygleeson@ebl.ie Mobile
phone: 087-2570139
Expression of Wishes Letter
In the event of your death while a member of a company pension scheme, the
scheme Trustees will be required to pay out any death benefits such as your
accrued pension funds. It would be very helpful to the scheme Trustees to have
on file a record of your wishes – who you would like to receive such benefits. To
this end, please download and complete the Expression of Wishes Letter, sign it,
and place it in a sealed envelope and pass it on to James Barrett, O'Connor
Sutton Cronin, 9 Prussia Street, Dublin 7 for your pension file.
The key features of the pension scheme are as
follows:
How to join the company pension scheme: Download a copy of the
Company Pension Application Form, complete and sign the form and return it to
James Barrett, O'Connor Sutton Cronin, 9 Prussia Street, Dublin 7.