How does the plan work?

1. How does the plan work?

2. Pension Investments - Key Concepts & Terms • Equities – company shares • Property – buildings i.e. office, retail, industrial units • Bonds – Governments bonds/fixed interests. Name for loans given to governments • Cash – money on deposit with a variety of banks and for different lengths of time • Managed /Balanced Fund– a fund that invests in: equities, bonds, property and cash • Asset Allocation - the decision re. how much to invest in shares, bonds, property & cash • Stock Selection - the decision as to what shares to buy • Indexed – the fund managers buy shares as per an index i.e. if CRH is 35% • of ISEQ then the fund will have 35% invested in CRH

3. Distant >20Years Objective: preservation of capital 10-15 Years Equity 5 Years Managed Fund / Consensus Objective: aggressive growth of capital Cash / Fixed Interest Typical Career Investment Strategy Closeness to Retirement Imminent Distant Safe Deposit Fund Capital / Pension Protection Consensus Diversified Balanced Equity Fund Indexed Global

4. Fund choices Mix of funds Cash Fund Capital Protection Fund Diversified Balanced Fund Active Managed Fund Consensus Fund Indexed 50/50 Equity Fund Or Individual Investment Option

5. Cash Fund • Invests 100% in deposit accounts with Banks • Very secure investment - suitable for employees near retirement Returns to 01/05/2013 Average fund return since launch is 5.1% p.a. Launched 01/01/1986 Source ILIM

6. Capital Protection Fund Asset Allocation 01/05/2013 • Objective is to provide members with some benefit of stock market growth with a guarantee of no negative returns • Adopts a cautious approach to investment with 2/3rds in cash and bonds • In addition it offers a guaranteed growth rate. The guaranteed rate for 2013 is 0% • Currently has a Market Value Adjustment of 0% for non demographic exits

7. Consensus Fund • Invested in Equities/Bonds/Property/Cash • Tracks the ‘asset allocation’ of 17 fund managers in Ireland (the split of equities/bonds/cash etc) • Equities – (Index tracking) – only invests in stocks and shares quoted on the various indices e.g. ISEQ/Dow Jones • So not dependant on the view of any one manager • Aims for consistent Top Half Returns

8. Consensus Fund Asset and Country Mix as at 01.05.2013

9. Consensus Fund Performance to 1st May 2013 Average fund return since launch is 6.7% p.a. Source: ILIM

10. Consensus Fund Historical Yearly Returns

11. Individual Investment Strategy • What is a Lifestyle strategy ? • Strategy aims to reflect the changing investment needs during various stages of your life. • GrowthConsolidation ( 5 years ) •  • Consensus FundCapital Protection Fund Invests in higher risk funds initially Moves to lower risk funds

12. Diversified Balanced Fund Asset Allocation 01.05.2013 • Invested in developed world equities, Eurozone Govt. Bonds, and range Alternative Assets • Objective: Balanced Fund returns with lower volatility levels • Suitable for members with number of years to retirement who wish to pursue a strong growth strategy

13. Active Managed Fund • Subject to ups and downs of stock markets • Volatile recent returns • Produces good long term returns • Objective to produce above average managed fund performance Active Fund Performance to 1st May 2013 Fund returns since launch (1989): 7.3% p.a. Source: ILIM

14. Indexed 50/50 Equity Fund • The assets of this fund are fully invested in equities • 50% is allocated to the Eurozone and 50% to the rest of the world • Suitable for members with a number of years to retirement and who want an aggressive investment strategy • Returns to 01/05/2013: • Since Launch (Dec 2007): -0.4% p.a. • Source: ILIM

15. Annual Benefit Statements PensionPhone service with PIN Web access – www.Irishlife.ie/corporatebusiness www.pensionplanetinteractive.ie – access to your pension account www.pensionprophet.ie – pension calculator Smartphone App Pension Pulse Keeping in Touch…….

16. Website Access • Members can view their retirement accounts by accessing - www.pensionplanetinteractive.ie • What information is available ? • Fund Values at any date • Your Current Fund Choice • No. of Units and Values in each fund • All Transactions for previous 24 months • Monthly Fund Performance Information and flyers • Your Benefit Statements • Correspondence

17. Login screen www.pensionplanetinteractive.ie

18. Member overview screen

19. Contributions received

20. www.pensionprophet.ie

21. www.pensionprophet.ie

22. Smartphone App Download from iTunes App store or visit www.mypensionapp.ie

23. Your current fund value Estimated value of your fund at retirement Estimated pension at retirement Impact of making AVCs Fund factsheets Regular market updates. Key features

24. UL AVC PlanIrish Life Irish Life is regulated by the Financial Regulator

25. Secured Performance Fund Closed to future money • Investment Objective To produce managed fund returns on a smoothed basis - Promise of no negative returns. Investment Strategy • A return is declared annually • Invested in line with Irish Life’s Consensus Fund • Market Value Adjuster (penalty) applies (currently 0%) • Entry and exit conditions to ensure fairness • Single Premiums and Transfer Values are not allowed • Return for 2013 is 0.2%(Net of Fund Management Charge) ` Source: ILIM