BOI Life Pension Funds
Straightforward unit-linked funds through the Bank of Ireland network
Bank of Ireland Life is the pension and life assurance brand distributed through the Bank of Ireland branch network. Products are manufactured by New Ireland Assurance. BOI Life Unit Funds offer straightforward, single-strategy exposure across core asset classes.
10
Funds tracked5
Categories+8.4%
Avg. 1yrAbout BOI Life
Key Considerations
Simple, single-strategy funds: Choose from straightforward asset class exposure without complex structures
Risk-graded multi-asset options: Managed Growth, Managed Opportunity, and Managed Security cover different risk appetites
Bank of Ireland integration: Pensions visible within the Bank of Ireland mobile banking app
Financial Consultant access: In-branch, virtual, or phone meetings for advice and planning
Digital Advice Journey: Online pension planning tool available through Bank of Ireland
What Are Unit Funds?
Unit Funds are traditional unit-linked investment funds - each fund invests in a single asset class or a defined managed mix. Unlike lifecycle strategies (which automatically adjust over time) or multi-manager funds (which blend many underlying managers), Unit Funds provide straightforward, single-strategy exposure. Investors choose which fund(s) to hold and in what proportion.
Fund Range
BOI Life Unit Funds cover core asset classes across two series (Series 2 and Series 3):
| Fund | Asset Class | Available Series |
|---|---|---|
| Cash | Cash/Deposits | S2, S3 |
| European (ex UK) | Equity - European | S2, S3 |
| Fixed Interest | Bonds | S2, S3 |
| International | Equity - Global | S2, S3 |
| Irish Equity | Equity - Irish | S2, S3 |
| Managed Growth | Multi-Asset (growth bias) | S2, S3 |
| Managed Opportunity | Multi-Asset (balanced) | S2, S3 |
| Managed Security | Multi-Asset (cautious) | S2, S3 |
| North American | Equity - North American | S2, S3 |
| Property | Real Estate | S2, S3 |
Series distinction: Series 2 and Series 3 represent different charging structures or policy types. The underlying investment strategy is the same within each fund name.
Retirement Support
BOI Life provides retirement education and planning support:
Financial Consultants: In-branch, virtual, or phone meetings
Six key retirement planning questions framework
Retirement income planning: Goal-based approach (growth/maintain/target/deplete)
Guidance for specific groups: Self-employed, company directors, women, those with multiple incomes
AVC awareness: Guidance on topping up existing schemes
Charges
Charges are agreed individually through the Financial Consultant. As products are provided by New Ireland Assurance, the charging structure follows their framework.
Frequently asked questions about BOI Life pensions
BOI Life offers 10 straightforward Unit Funds across Series 2 and Series 3, each focused on a single asset class or strategy: Cash, European, Fixed Interest, International, Irish Equity, Managed Growth, Managed Opportunity, Managed Security, North American, and Property.
BOI Life products are manufactured by New Ireland Assurance, which is also a subsidiary of Bank of Ireland Group. BOI Life customers can access New Ireland's broader fund range - including Passive IRIS lifecycle strategies and the Ethical Managed Fund - through their financial consultant.
The BOI Life Unit Fund range itself does not include a built-in lifecycle strategy. However, customers can access New Ireland's IRIS or Passive IRIS lifecycle strategies through their Bank of Ireland financial consultant.
BOI Life pensions are visible within the Bank of Ireland Mobile Banking app. They also provide an online Fund Centre, a Digital Advice Journey tool, and the Pension Pot Podcast for retirement education content.
BOI Life funds are distributed through Bank of Ireland branches and their network of financial consultants. This makes them accessible to existing Bank of Ireland banking customers without needing to engage a separate financial broker.
The core BOI Life Unit Fund range does not have specific ESG classifications. However, ESG-aligned options - including New Ireland's Passive IRIS (Article 8) and Ethical Managed Fund - are accessible through the broader New Ireland product range via a financial consultant.
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