Personal Finance Plan and Pension Plus - New Ireland Assurance
Personal Finance Plan and Pension Plus - New Ireland Assurance
Personal Finance Plan and Pension Plus - New Ireland Assurance
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_________________________________________________________________________________________________________________________________________________Re: <strong>Personal</strong> Retirement <strong>Finance</strong> <strong>Plan</strong>Important Notice – Statement of SuitabilityThis is an important document which sets out the reasons why the product(s) orservice(s) offered or recommended is/are considered suitable, or the most suitable, foryour particular needs, objectives <strong>and</strong> circumstances.After considering the information you provided in the Financial Review carried out on theday of 20 , my analysis has identified:• You wish to save for your retirement, <strong>and</strong>• You are eligible to take out a personal pension.I have provided you with a document with key information on <strong>New</strong> Irel<strong>and</strong> <strong>Personal</strong> Retirement<strong>Finance</strong> <strong>Plan</strong> <strong>and</strong> explained the product features to you. I recommend that you take out a <strong>New</strong>Irel<strong>and</strong> <strong>Personal</strong> Retirement <strong>Finance</strong> <strong>Plan</strong>, which I consider to be suitable for you <strong>and</strong> in yourbest interests for the following reasons:• The <strong>Plan</strong> is a Revenue approved retirement annuity <strong>and</strong> tax relief can be claimed oncontributions paid to the <strong>Plan</strong>, within overall Revenue limits.• The <strong>Plan</strong> offers a range of funds to meet your investment requirements.• The <strong>Plan</strong> offers an Individual Retirement Investment Service (IRIS). IRIS operates aninvestment strategy designed with an individual’s term to retirement in mind. IRIS graduallychanges the asset mix as an individual’s retirement date approaches in order to protectinvestment gains made during the period of the <strong>Plan</strong>. It also offers a range of otherinvestment funds.• You can propose a wide range of benefits including pension <strong>and</strong> life cover subject to <strong>New</strong>Irel<strong>and</strong>’s terms <strong>and</strong> conditions. Disability cover, premium protection cover <strong>and</strong> critical illnesscover can be proposed for separately.• The <strong>Plan</strong> is flexible, allowing increases <strong>and</strong> decreases in contributions to fit in with changesin your circumstances.• At retirement, the <strong>Plan</strong> provides a number of options including the option to take aretirement lump sum (up to 25% of the fund value) <strong>and</strong> the balance of the fund can be usedto secure an income for life. You may be able to avail of additional options includinginvesting the fund value in an Approved Retirement Fund subject to Revenue conditions.Comhlucht na hÉireann um Árachas cpt (<strong>New</strong> Irel<strong>and</strong> <strong>Assurance</strong> Company plc)11-12 Dawson Street, Dublin 2. T: 01 617 2000 E: info@newirel<strong>and</strong>.ie W: www.newirel<strong>and</strong>.ieRegistered in Irel<strong>and</strong> No. 7336. Registered office as above. <strong>New</strong> Irel<strong>and</strong> <strong>Assurance</strong> Company plc is regulated by the Central Bank of Irel<strong>and</strong>.A member of Bank of Irel<strong>and</strong> Group.Chairman: John Collins. Managing Director: Sean Casey.Directors: Des Crowley, Ashok Gupta (British), Pat Healy, Denis Kelleher, Paul Kelly, Liam McLoughlin, Dermot Murray, David Roberts,David Swanton, Mick Sweeney.Secretary: Peter Gray.
You should be aware that investment returns on the <strong>New</strong> Irel<strong>and</strong> <strong>Personal</strong> Retirement <strong>Finance</strong><strong>Plan</strong> are not guaranteed <strong>and</strong> unit values may fall as well as rise.You have been provided with quotations for a personal pension <strong>and</strong> a st<strong>and</strong>ard PRSA <strong>and</strong> youwish to fund for a personal pension. Please note, if your chosen fund is not available to ast<strong>and</strong>ard PRSA, a broadly but not entirely comparable fund has been used to produce thest<strong>and</strong>ard PRSA quotation. You underst<strong>and</strong> that if you are unable to maintain payment of regularcontributions to your personal pension until your retirement, a st<strong>and</strong>ard PRSA may provide youwith better value.The <strong>New</strong> Irel<strong>and</strong> <strong>Personal</strong> Retirement <strong>Finance</strong> <strong>Plan</strong> is described in more detail in the ImportantInformation provided to you. Revenue conditions <strong>and</strong> limits apply to all exempt approvedretirement benefits schemes.<strong>New</strong> Irel<strong>and</strong> <strong>Assurance</strong> Company plc is regulated by the Central Bank of Irel<strong>and</strong>. A member ofBank of Irel<strong>and</strong> Group.This document, your Important Information document <strong>and</strong> your <strong>Personal</strong> Financial Review formyour Statement of Suitability. This document does not constitute a contract or any part of acontract.For completion by Client:I have read the above <strong>and</strong> confirm that I agree with the recommendation made by my FinancialAdvisor <strong>and</strong> wish to take out the policy recommended._____________________________Client___________________DateFor completion by Financial Advisor:_____________________________Financial Advisor___________________Date302494 v1.02.2013
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