Brexit Q&A Update – 29th April 202229 April, 2022
Update: UK’s Financial Services Compensation Scheme (FSCS) does not apply to Ark Life policies sold by AIB Great Britain or First Trust Bank post Brexit.
How will Brexit impact you if your policy was sold through AIB Great Britain or First Trust Bank
The United Kingdom (UK) formally left the European Union (EU) on 31 January 2020 moving into a transition period until 31 December 2020 where EU
How new changes to the Finance Act 2021 will affect customers27 January, 2022
With the Finance Act now in play, retirees will see a few changes this year.
At retirement before investing in an Approved Retirement Fund (ARF) or taking a taxable lump sum you no longer need to meet the following requirements:
Invest €63,500 into an Approved Minimum Retirement Fund (AMRF)
Use €63,500 to purchase an annuity (pension income for life)
COVID-19 information for our customers1 December, 2021
How does COVID-19 impact my ability to claim under my existing policy?
There are no changes to terms and conditions arising from COVID-19. In the unfortunate event that a policyholder should die as a result of COVID-19 or an associated illness, the life cover will pay out as normal.
This cover provides a lump sum cash payment if you’re diagnosed wit