Aviva’s Personal Retirement Bonds give your clients a flexible way to save for retirement with tailored investment options to suit their needs. Whatever retirement your client wants, we will help them achieve it.
Aviva Personal Retirement Bond at a glance:
Investment Choice
A range of investment solutions to meet the needs of different types of clients.
Flexibility
We offer a choice of flexible commission and pricing options.
Cost Effective
Minimum Single Contribution: €5,000.
Responsible Investments
ESG and sustainability disclosures for retirement bond investment options are available in the Fund Centre and relevant fund factsheets.
How does a Personal Retirement Bond work?
A Personal Retirement Bond is a single premium product designed to help customers manage their retirement savings when they leave a company pension scheme.
Product details
Features
| My Future ESG Lifestyle Strategy | Our choice of three lifestyle strategies (ARF, Annuity, and Cash) provide lower cost investments that automatically de-risk your clients' pension as they near retirement, tailored to their selection option at retirement, allowing a hands off approach in how their money is managed. |
| Competitive and transparent pricing | With highly competitive fund management charges and no switching fees, Aviva offers highly competitive and transparent pricing structures. |
| Premium Service | Our outstanding service delivery model creates a straight-forward, smooth journey with Aviva, from setup through to retirement. |
| Aviva Online Service Centre | With Aviva Online Service Centre, your customers can see the value of their pension, the funds their pension is invested in and the amount invested in each fund. They can also use online tools like our investment suitability tool, and view and download their policy documents. |
| Investments that work for you | Aviva is the best place to invest to safeguard your clients' retirement, whether they want a ready-made multi-asset solution or a tailored portfolio of funds which they have chosen with you. |
| Factsheets | ESG and sustainability characteristics for all investment options are available in the Fund Centre and relevant fund factsheets. |
Investments
Our Fund Options
Explore our investment products and solutions across asset classes
Funds
Multi-Asset Funds
Aviva Investors
Funds
Alternative Funds
Property Funds
Fund Range Overview
1 The following funds are not available across certain products:
Corporate Master Trust – not available: World Allocation Funds, Global Short Fixed Income Fund, AIMS Target Return Fund (Ireland), Physical Gold Fund, Global Leaders Equity Fund, Global Emerging Markets Equity Fund, Global Smaller Companies Equity Fund, Stewardship Ethical Fund, Global Equity ESG Passive Fund, European Equity ESG Passive Fund, and Emerging Markets Index Fund.
Approved Retirement Funds (ARF) – not available: Lifestyle Strategies
Savings & Investments – not available: Lifestyle Strategies and Self-Directed Investment Option (SDIO)
PRSA – not available: Self-Directed Investment Option (SDIO)
Investment Coach
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Useful links
Existing Business
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Claims
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Key documents
All documents provided on this page are downloadable PDFs that brokers may save, retain and store for CPC compliance and client‑record‑keeping.
Full details of the Personal Retirement Bond’s features, risks, target market & negative target market, charges (including third‑party charges), assumptions, and any guarantees or limitations are available in the Retirement Bond Key Features document, Customer Brochure, and Your Investment Guide (PDF).
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Personal Retirement Bonds
Application Forms
Personal Retirement Bonds
Brochures
Retirement
Pensions Technical Hub
Tools
Risk Profiler & Portfolio Builder Tool
Policy Alterations Hub
Requirements for common amendments on existing policies.
Frequently asked questions
How is a Retirement Bond setup? Show more Show less
The bond is set up by the Trustees of the company pension. They apply for the bond in the customers name but once it is set up it belongs to the customer and the Trustees have no further involvement in it.
Who chooses the Retirement Bond – the customer or the Trustees? Show more Show less
The customer. Even though the Trustees have to sign the application form, the customer can generally choose any Retirement Bond available in the market.
Can the Trustees transfer a customer’s fund to a Retirement Bond without their consent? Show more Show less
When transferring a pension fund on a customer’s behalf, the Trustee of the pension scheme must have the customer’s consent. However, there are certain circumstances whereby a Trustee can transfer a fund without consent. These include but are not limited to:
- If a company pension scheme is closing or being wound up;
- If the transfer value of the fund is less than an amount set by the Pensions Act (which is currently €10,000) and provided that the customer:
– left the company at least 2 years ago,
– has not already requested a transfer to a Retirement Bond or another pension arrangement to which their fund can be transferred, and
– is notified at least 2 months before the Trustees intend to transfer the fund.
Where the value of the fund is greater than €10,000 the Trustees can apply to the Pensions Authority for approval to transfer the benefits. The Pensions Authority may approve such a transfer subject to certain criteria being met.
Can a customer take money out if they need it in the future? Show more Show less
Once they’ve put money into a Retirement Bond they can’t withdraw it until they reach at least age 60. There are two exceptions to this – they can retire at any age due to ill health or if they have left service then they can access benefits from their Retirement Bond from age 50
What happens if they have to retire early because of ill health? Show more Show less
If they qualify for ill health early retirement under Revenue rules, they can take benefits from their Retirement Bond immediately.
What happens if they die before they retire? Show more Show less
If a customer dies before they retire, we’ll pay the value of their Aviva Personal Retirement Bond to their personal representatives. In certain limited circumstances, the full value may not be payable as a lump sum. As with any inheritance, their beneficiary(ies) may have to pay inheritance tax on any benefits we pay to them.
Can customers use their Aviva Personal Retirement Bond as security for a loan? Show more Show less
No. They can’t transfer the rights to their Aviva Personal Retirement Bond to a bank or another institution as security for a loan.
What is the minimum term for setting up an Aviva Personal Retirement Bond? Show more Show less
The minimum investment period for the Aviva Personal Retirement Bond is 3 years.
How can customers pay their contributions? Show more Show less
They can pay single contributions to the Aviva Personal Retirement Bond and they can pay in their single contribution by electronic funds transfer.
What are the options at retirement? Show more Show less
Our separate ‘Retirement Guide’ explains all of the various options that may be available to customers at retirement.
Related products
Retail Master Trust
Corporate Master Trust
Approved Retirement Fund
Annuities
Aviva Life & Pensions Ireland Designated Activity Company, is a private company limited by shares, registered in Ireland No. 165970. Registered office at Building 12, Cherrywood Business Park, Loughlinstown, Co. Dublin, D18 W2P5. Tel (01) 898 7950, www.aviva.ie
Aviva Life & Pensions Ireland Designated Activity Company, trading as Aviva Life & Pensions Ireland and Friends First, is regulated by the Central Bank of Ireland.