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Buy-Out Bonds

If you are a member of an occupational pension scheme, leaving or have left employment, or your pension scheme is being wound up, it is time to consider your options for the pension fund that has been built up.

Who can set up a Buy Out Bond?

Any employee or former employee can opt for a Buy Out Bond in circumstances where:
• You are leaving or have left employment.
• You are leaving a pension scheme.
• Your company pension scheme is being wound up.

What are the benefits of the Buy-Out Bond?

The Buy Out Bond enables you to take control of your existing pension benefits and invest them in order to make them work for you. It is not unusual for people to change employment many times during their career and a Buy Out Bond provides an opportunity for you to manage your previous pension benefits and invest them in a way that suits your needs. The Buy Out Bond is designed to offer flexibility, transparency, security and control.

 

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