Irish pension contributions made via Kota are invested in the Irish Life EMPOWER Personal Lifestyle Strategy (Empower PLS). This is a defined contribution scheme. Investing pension savings into EMPOWER PLS has two main benefits for your employees over the years:
Managing investment risk
EMPOWER PLS helps protect the pension fund value against market fluctuations by automatically switching into lower-risk funds as the employee reaches the last 6 years before the retirement date.
Personalised fund switches
EMPOWER PLS differs from other investment strategies because it adjusts to employees' unique circumstances. It directs contributions into appropriate funds that best match the benefits that the employee is most likely to take on their retirement.
There are three phases to the EMPOWER fund from the day an employee enters their retirement fund:
Need more info?
Download the EMPOWER Lifestyle Strategy pdf to learn more.