What are Buy Out Bonds?
WHAT ARE BUY OUT BONDS (BOB)?
Buy Out Bonds
A Buy Out Bond (BOB) is a single premium pension policy used to transfer a company pension scheme fund when leaving that employment.The policy is issued in the name of the member. The previous employer and the pension Trustees have no further involvement. Retirement can be taken from between 60 to 70 years of age.
Because everybody is different, being at different life stages and having different retirement goals, we can offer you the ability to tailor charging structures and fund choice to suit your individual needs.At Advice First we offer a wide and varied choice of investment funds to help our clients plan for their retirement. This allows our clients to select funds that match their retirement goals and attitude to risk, whilst having the freedom to choose new ones if their needs change.We also offer lifestyle strategies that give peace of mind knowing that as you approach normal retirement age, your investment will be managed in a way that progressively reduces your exposure to riskier assets such as equities.
Give us a shout if you have any questions or would like more info.
t: 0749103938 e: info@advicefirst