The two figures shown in the table above the chart indicate the accumulated contributions and lump sum transfers expected to be paid inτο your pension account, and the anticipated value of this at the time of retirement. These figures do not consider any tax benefits that may arise from your regular pension contributions.

The chart beneath is an alternate way of presenting information relating to the anticipated value of the pension at the time of retirement. The Base Case projection matches the amount the pension may be worth at the time of retirement shown in the table. The range of values in the chart represents projections for the higher and lower expected returns which are dependent on the fund(s) selection.

Common questions

How is the range of values calculated?

The range of values in the chart and Base Case projection are based on defined expected returns over the lifetime of the investment and are dependent on the fund(s) selection. As a general rule, the higher the level of risk of the investment strategy, the wider the range of potential outcomes at retirement would be.

Do I have to maintain the same investment fund allocation over the investment period?

You can alter the allocation of your investments across funds at any time. Depending on your selection, the range of projected outcomes at the time of retirement will change. For simplicity purposes, this tool assumes a single investment strategy over the investment period.

The chart shows the projected value of your accumulated pension contributions and lump sum transfers at retirement across a range of possible outcomes. Your investment portfolio will be comprised of different asset classes, including equities and bonds, in different proportion depending on the risk level arising from your funds selection. For long-term equity and bond return projections, Universal Life uses the underlying 10-year asset class expected returns. These estimates are forward-looking, are not guarantees, and they involve risks, uncertainties, and assumptions.

Anticipated value at retirement

This is the anticipated value of your pension at the expected time of your retirement, based on the Base Case investment return expectations.

Probable range

The shaded area in the chart represents the likely range of your pension based on simulations of return expectations.

Lowest projected value

The lowest projected value coincides with the lower border of the probable range area.

Important information

These projections include the effect of all costs including administration fees and investment fund costs. They do not include the effect of inflation, tax benefits or of future changes to your risk level or investment style. It is also assumed that all income is re-invested over the investment period.

The outcome, notes and assumptions included in the tool are for informational purposes only. The use of the tool should not be interpreted as advice and therefore it does not constitute a direct or indirect recommendation or encouragement to buy, sell or transfer investment products. The calculations and results are hypothetical and approximately calculated based on information, assumptions and estimates considered by Universal Life, however Universal Life does not guarantee their accuracy and is not responsible for any loss or damage that may result from the use of this tool.

The Funds and any pension products linked to them are not protected by any compensation or guarantee scheme. Your capital is at risk. The value of your portfolio can go down as well as up and you may get back less than you invest. Forecasts are not a reliable indicator of future performance, and the projections are indicative long-term with no guarantees that they will be achieved.

Conservative - Very low investment risk

Your investment profile aims for investment returns comparable to those of Euro denominated money market instruments. Your profile’s main investment goal is capital protection.

Defensive - Low investment risk

Your investment profile aims for moderate long term capital appreciation by holding primarily income investments. Your profile’s main investment goal is capital protection while capital appreciation is considered a secondary goal.

Balanced - Medium investment risk

Your investment profile aims for satisfactory long term capital appreciation by holding both growth and income investments. Your investment goal is a combination of capital appreciation and capital protection.

Dynamic - High investment risk

Your investment profile aims for high long term capital appreciation by holding primarily growth investments. Your profile’s main investment goal is long term capital appreciation, with tolerance for fluctuations in the value of your investment.

In order to determine which investment profile better suits you, please go to Investment profile questionnaire.