AIB Life Pension Funds

Pension solutions through AIB with multi-manager fund selection

AIB Life provides pension and investment products distributed through AIB's branch network and financial consultants. Products are manufactured by Irish Life, combining the accessibility of Ireland's largest bank with institutional investment management.

Funds tracked

Risk Rating Scale

AIB Life rates funds on a 1–7 scale. Ratings and descriptions assume long-term investments of at least five years; shorter holding periods may carry higher risk than described. Fund risk ratings can change over time.

Very Low

Low

Low-Medium

Medium

Medium-High

High

Very High

1 - Very Low

Can provide the same amount of returns as regular bank deposits. All about maintaining value, with minimal risk. Best for short-term access needs, as returns may fall behind inflation.

About AIB Life

Key Considerations

Integrated with AIB banking: Pension policies visible in the AIB Mobile Banking app alongside your bank accounts
Fusion Funds monitor risk for you: Continuously monitored to prevent the fund drifting from its original risk level
No switching charges: Move between funds at no cost
Three investment styles: Fusion (monitored multi-asset), Indexed (passive - tracks a market index at lower cost), and Goodbody (actively managed - a fund manager picks investments aiming to outperform)
Majority Article 8 funds: Most funds promote environmental or social characteristics under EU sustainability regulation, without needing to pick specialist funds
Lifestages default strategy: Automatically shifts to lower-risk assets as retirement approaches

Investment Approach

AIB Life offers three distinct investment styles:

Fusion Funds (multi-asset, actively monitored): Risk-rated funds where AIB Life continuously monitors the asset mix and may adjust it to prevent the fund drifting from its original risk level. Available at Risk Ratings 2-6, all Article 8.

Indexed Multi-Asset Funds (passive): Diversified multi-asset funds tracking indices at each risk level. Risk Ratings 2-6, all Article 8.

Goodbody Multi-Asset Funds (actively managed): Multi-asset funds actively managed by Goodbody. Risk Ratings 3-5, all Article 8.

Additionally, single-sector funds provide targeted exposure to specific asset classes (equities, bonds, alternatives).

Fund Range

The SFDR column shows each fund's EU sustainability classification: Article 6 funds consider sustainability risks, Article 8 funds actively promote environmental or social characteristics, and Article 9 funds have sustainable investment as their primary objective. Risk Rating uses a 1–7 scale (1 = very low, 7 = very high).

Funds spanning all major asset classes:

Fund	Risk Rating	SFDR	Style
Cash Fund	1	Article 6	-
Fusion Funds (5 variants)	2-6	Article 8	Active monitoring
Indexed Multi-Asset (5 variants)	2-6	Article 8	Passive
Goodbody Multi-Asset (3 variants)	3-5	Article 8	Active
Euro Government Bond	3	Article 6	-
Euro Corporate Bond	3	Article 8	-
Emerging Markets Government Bond	4	Article 8	-
Defensive Equity Collar	4	Article 8	-
Developed World Equity	6	Article 8	-
Megatrend Equity	6	Article 8	-
Goodbody Global Equity	6	Article 8	Active
Emerging Markets Equity	7	Article 8	-
Climate Impact Equity	7	Article 9	-
Multi-Strategy Alternatives	3	Article 6	-

ESG / Responsible Investment

ESG stands for Environmental, Social, and Governance - a framework for evaluating companies on climate impact, working conditions, and corporate ethics.

Majority of funds classified SFDR Article 8 (promotes environmental/social characteristics)
One Article 9 fund: Climate Impact Equity Fund (sustainable investment as its objective)
Fund management by ILIM, which monitors Principal Adverse Impacts (PAI)
Sustainability preferences are incorporated into the financial advice process

Charges

Charge types (specific rates agreed individually):

Annual Management Charge (AMC): Percentage of fund value
Contribution Charge: Percentage deducted from contributions before investment
Early Access Charge: May apply if withdrawing within specified period
Government Levy: 1% levy on life assurance premiums (applied to contributions)
No switching charges: Fund switches are free across all products

Retirement Options

ARF features:

Imputed distributions: 4% minimum withdrawal per year (age 61+), 5% (age 71+), 6% (total ARF/vested PRSA value exceeds €2,000,000)
Income Tax, USC, and PRSI apply to withdrawals
On death: passes to estate or spouse/dependants

PRSA retirement options (from age 60, or earlier in some circumstances):

Tax-free lump sum (up to 25%, max €200,000 tax-free)
Annuity purchase
Transfer to ARF/Vested PRSA
Combination of the above

Page content last reviewed 13 July 2026. Fund performance data is updated daily.

Frequently asked questions about AIB Life pensions

Fusion Funds are AIB Life's five risk-rated multi-asset funds, all classified as Article 8 under SFDR. They are actively monitored and rebalanced to prevent risk drift - meaning the fund's risk level stays consistent over time regardless of market movements.

Lifestages is AIB Life's default lifecycle strategy for PRSA and PRB products. It allocates more to growth assets when far from retirement and automatically shifts to lower-risk assets as retirement approaches. It is designed with an ARF target in mind and applies automatically to PRSAs if no fund instruction is given.

AIB Life offers 24 funds in total: Fusion Funds (5 risk-rated, Article 8), Indexed Multi-Asset (5 passive, Article 8), Goodbody Multi-Asset (3 active, Article 8), single-sector funds, and one Article 9 fund - Climate Impact Equity. Funds are managed by ILIM with Goodbody as an active alternative.

No. AIB Life does not charge for fund switches. Other charges include an AMC, a contribution charge, a possible early access charge, and a 1% government levy on premiums.

The majority of AIB Life's funds are classified as Article 8 under SFDR. They also offer one Article 9 fund - Climate Impact Equity - which has sustainable investment as its objective. ILIM monitors Principal Adverse Impacts across the fund range.

AIB Life pensions are visible within the AIB Mobile Banking app, alongside your bank accounts. They also provide a Fund Centre website, callback booking, and email/phone support. AIB Life launched in 2023 as a partnership between AIB and Great-West Lifeco.

Fund management is primarily handled by Irish Life Investment Managers (ILIM), with Goodbody providing an active management alternative for three multi-asset funds. Both managers are part of the broader Great-West Lifeco group.