Consu nsumer er a and C Compet etit ition ion c challe lleng - PowerPoint PPT Presentation

Consu nsumer er a and C Compet etit ition ion c challe lleng nges es in in in investing for for r retir irement Th The Cas Case o of AR ARFs Jim Murray, Chairman, Pensions Council www.pensionscouncil.ie IAPF Benefits Conference: 6 October 2016 www.iapf.ie

€1. 1.85bn bn i invested d in ARFs a s and BO d BOBs i Bs in 2015 15 2,000,000 1,800,000 1,600,000 1,400,000 1,200,000 €000 1,000,000 ARFs BOBs 800,000 600,000 400,000 200,000 - 2011 2012 2013 2014 2015 Source: Insurance estimates www.pensionscouncil.ie IAPF Benefits Conference: 6 October 2016 www.iapf.ie

Distribution of Insurer Pension Sales 100% 90% 80% 70% 60% 50% 40% 30% 20% 10% 0% 2004 2005 2006 2007 2008 2009 2012 2013 2014 Broker Source: Insurance Ireland Factfiles www.pensionscouncil.ie IAPF Benefits Conference: 6 October 2016 www.iapf.ie

€75,000 ARF - Projected RIYs insurer's own charges at durations Yrs 5.50% 5.00% 4.50% 4.00% 3.50% 3.00% 2.50% 2.00% 1.50% 1.00% 0.50% 0.00% 1 2 3 4 5 6 7 8 9 10 Highest Median Lowest Source: Pensions Council Survey of ARF charges February 2016 www.pensionscouncil.ie IAPF Benefits Conference: 6 October 2016 www.iapf.ie

€150,000 ARF - Projected RIYs insurer's own charges at durations Yrs 4.50% 4.00% 3.50% 3.00% 2.50% 2.00% 1.50% 1.00% 0.50% 0.00% 1 2 3 4 5 6 7 8 9 10 -0.50% Highest Median Lowest Source: Pensions Council Survey of ARF charges February 2016 www.pensionscouncil.ie IAPF Benefits Conference: 6 October 2016 www.iapf.ie

€150,000 ARF - Split of projected annual total RIYs at durations Yrs 100% 90% 80% 70% 60% 50% 40% 30% 20% 10% 0% 1 2 3 4 5 6 7 8 9 10 Insurer Intermediary www.pensionscouncil.ie IAPF Benefits Conference: 6 October 2016 www.iapf.ie