The Irish Life EMPOWER Personal Lifestyle Strategy (EMPOWER PLS) is an innovative pension investment solution for members of Irish Life Defined Contribution (DC) schemes. Investing your pension savings into EMPOWER PLS has two main benefits over the years of your pension savings:

Managing investment risk	Personalised fund switches
EMPOWER PLS helps protect your pension fund value against market fluctuations by automatically switching you into lower risk funds as you reach the last 6 years before your retirement date.	EMPOWER PLS is different to other investment strategies because it adjusts to your unique circumstances. It directs your investment into appropriate funds that best match the benefits that you are most likely to take on your retirement.

EMPOWER PLS consists of three phases which span the years of your pension savings. It starts from the moment you join the strategy up to your retirement date.

Warning: The value of the fund may be affected by changes in currency exchange rates.

Warning: The value of your investment may go down as well as up.

Warning: If you invest in these funds you may lose some or all of the money you invest.

Lets look at how EMPOWER PLS works for a sample member who is invested in the strategy.

Find out more about PLS by downloading our detailed EMPOWER PLS brochures, which outlines the steps of EMPOWER PLS, the investment funds involved and gives more samples of how EMPOWER PLS works for individual members.

Defined Contribution (DC) pension scheme members, Additional Voluntary Contribution (AVC) pension members Additional Voluntary Contributions (AVC) - pension members targetting tax free cash only with EMPOWER PLS Personal Retirement Bond holders (PRB) Personal Retirement Savings Account holders (PRSA)