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Financial Planning

Navigator Savings Plan

Save for longer term goals

What is Navigator Savings Plan?

Navigator Savings Plan is a long term life assurance savings plan from Irish Life, designed for the regular saver so you can make payments each month. You choose the fund(s) you want to directyour regular payments into, and through these funds you gain access to the growth potential of shares and bonds.

The need to knows:

  • Navigator Savings Plan gives you access to nine funds, managed by a selection of fund managers, including Irish Life’s range of Multi Asset Portfolio Funds which range from lower risk to higher risk to suit different attitudes to risk.
  • These funds are invested in a wide range of cash, property, shares and bonds.
  • Each Multi Asset Portfolio Fund uses Irish Life’s Dynamic Share to Cash (DSC) model. 

Why choose this plan?

A straightforward range of funds

Navigator Savings Plan gives you access to Irish Life’s range of Multi Asset Portfolio Funds which range from lower risk to higher risk to suit different attitudes to risk.

These funds are invested in a wide range of assets such as cash, property, shares and bonds.

Each Multi Asset Portfolio Fund uses the Dynamic Share to Cash (DSC) model. The DSC aims to reduce the amount invested in shares when it identifies greater potential for stock market falls. For more information on the Multi Asset Portfolio Funds, please visit www.irishlife.ie. We explain clearly each of the Navigator Savings Plan funds on pages 18 to 21 so you can easily decide which options would suit you best.

A selection of investment managers

We have partnered with a selection of fund managers to bring you this range of funds, including Irish Life Investment Managers (ILIM) and Setanta Asset Management. Irish Life Investment Managers currently look after over €40 billion (September 2015) of investments on behalf of private investors, leading Irish and international companies, and government institutions. Setanta Asset Management were founded in 1998 and currently manage in excess of €7 billion (December 2014) in assets for Great-West Lifeco Inc group of companies and other institutions. All the funds they manage follow a ‘value investment’ philosophy, which rejects the‘efficient markets’ theory. This means they believe that value does not equal price, and this inspires their investment team to search for the most attractively valued securities globally. They also believe that a company can only be a genuinely true value investment if it has financial strength. All fund managers with the exception of Irish Life Investment Managers and Setanta Asset Management who are both part of the Great-West Lifeco group of companies, are regarded as external managers. See page 36 for more information on external managers.

Benefits of regular saving

By saving in your Navigator Savings Plan, you will develop a habit of saving each month. You may see the benefits of saving regularly and the potential to watch your fund value grow! By saving regularly overtime, you can reduce some of the timing risks associated with one-off lump sum investments.

Your Navigator Savings Plan services

There’s no substitute for regularly reviewing your savings with your Ulster Bank Financial Planning Manager on a one-to-one basis. However, we want to make sure that you can keep up to date on your plan as often as you want, in the way that suits you best. We will send you full details of these services in your welcome pack when you start your plan.

Warning

Suitability Snapshot

We have set out some important points for you to consider to help you decide if this plan is suitable for you. 

A Navigator Savings Plan might suit you if you:

Want a regular, long term savings plan for 5 years or more.

Do not want to make regular withdrawals

Have at least €150 per month to save

Are prepared to risk getting back less than your amount invested
Are aged 18 to 75

A Navigator Savings Plan might not suit you if you:

Want to save for less than 5 years

Want a savings plan that allows for regular withdrawals

Have less than €150 per month to save

Are not prepared to take the risk of getting back less than your amount invested 
Are aged 17 or younger, or 76 or over.

In any of these situations, please speak to your Ulster Bank Financial Planning Manager about the excellent range of plans on offer.