Synergy Approved retirement funds

Your retirement can last a long time, so it's good to be in control of how your pension is performing.

You've worked hard for your pension.

So it makes sense to be able to have an income to suit your needs.

What is an approved retirement fund?

Approved retirement funds (ARF) are post-retirement investment policies that allow you to continue to invest your pension fund in retirement and draw down money as you need it.

Who can take out an approved retirement fund?

You may choose an ARF if you can have one of the following:

  • A personal pension policy
  • A personal retirement savings account
  • Additional voluntary contributions
  • Another ARF
  • A defined contribution occupational pension scheme
  • A defined contribution occupational pension scheme buy out bond

Why a Synergy approved retirement fund?

if you decide to take a cash lump sum with the balance you may be able to invest in an ARF.

Benefits of Synergy approved retirement fund include:

  • The flexibility to increase or decrease your income whenever you want to, or convert it to an Annuity at any time
  • The choice of where to invest your money into a wide choice of investment options such as funds, deposits, direct property and Exchange Traded Funds (EFTs)
  • Control of your retirement fund
  • Your policy is protected by the UK's Financial Services Compensation Scheme

Limitations of Synergy approved retirement fund include:

  • Your income is limited by your policy value so you should have regular reviews to ensure you have enough to give you the income you want
  • An ARF isn't for everyone. Speak to your financial adviser if you think it's for you.

Your investment options

With Standard Life, you get many investment options, so you can be as adventurous or as conservative as you like.

You can invest in:

Each investment option carries different levels of risk so we recommend that you talk to your financial adviser.

How to get started

Investing for the long term is a big decision and we recommend that you speak to a financial adviser.

Should you choose not to, you can contact us directly on (01) 639 7070

We can:

  • assist you to purchase a product
  • give you information
  • provide illustrations
  • answer technical questions
  • carry out your instructions


But we won't give you any advice or recommendations when it comes to making an investment.

FAQs

"Is my Standard Life policy protected?"

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: If you invest in this product you may lose some or all of the money you invest

Does the Finance Act 2014 affect you?

The Finance Act 2014 has made changes to the withdrawal options available on Approved (Minimum) Retirement Funds & Vested PRSA products.

Find out how these changes affect you.

ARF or Annuity - Which is right for you?

Annuity or ARF?