Morrissey Wealth Management
Morrissey Wealth Management

Take Control of Your Old Pension and Put It in Your Own Name With a Personal Retirement Bond (PRB)

Transfer and take control of your retirement savings with a Personal Retirement Bond (PRB)

Offered by Morrissey Wealth Management. Regulated by the Central Bank of Ireland.

Have you moved jobs and left a pension behind?

A Personal Retirement Bond (PRB) allows you to transfer your old company pension into a personal policy in your own name. With expert support from Morrissey Wealth Management, you can protect what you have earned and make it work smarter for your future.

What is a Personal Retirement Bond?

A Personal Retirement Bond is also called a Buy-Out Bond. It’s a pension product designed for people who have left a job with a pension scheme or whose scheme has wound up.

Instead of leaving your old pension where it is, you can transfer it into your own name.

This gives you:

  • Full ownership.
  • Investment control.
  • Tax-free lump sum options.
  • Beneficiary protection.
  • A secure, regulated retirement vehicle.
  • Can be tailored to take into account your current pension arrangements with your employer.

Whether you have moved roles once or several times, a PRB is a portable and flexible solution to keep your pension savings on track.

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Why choose a PRB with Morrissey Wealth Management?

Choosing to transfer your old pension into a Personal Retirement Bond is a significant financial decision. And when you partner with our team, we make the process straightforward, transparent and tailored to your needs.

With years of experience in pension planning, we help clients take control of their retirement savings with confidence.

Here is what sets our PRB service apart:

  • Complete control
    The PRB is in your name, not your old employer’s, and you choose how it is managed.
  • Tax-free access from age 50
    Subject to revenue limits, you may be able to take up to 25 percent of your fund tax-free or else 1.5 times of salary (depending on length of service).
  • Tailored investment advice
    We help you match your PRB with the right investment strategy based on your goals and appetite for risk.
  • Regulated and transparent
    Morrissey Wealth Management is fully regulated by the Central Bank of Ireland, and we work only with trusted pension providers.
  • No hidden charges
    We will walk you through all fees in plain English, with some providers offering no monthly charges on PRBs.
  • Estate planning benefits
    If you pass away before retirement, the full value of your PRB can usually be paid to your spouse or next of kin, often tax-free.
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Frequently Asked Questions

  • Who is eligible for a PRB?
    Anyone over 18 who has left a company pension scheme and is resident in Ireland can open one.
  • What is your investment strategy?
    This will depend on your risk profile, age and financial circumstances, but Morrissey Wealth Management believes in evidenced based investing. Typically this means indexing to the value of the S&P 500 or the Global Stock Index with bonds also part of the portfolio for stability.
  • How much do I need to transfer?
    Minimum amounts vary by provider, often between €3,000 and €5,000.
  • Can I top it up later?
    No. PRBs are funded by a one-off lump sum from a previous pension. For ongoing contributions, a PRSA may be more suitable.
  • When can I access my funds?
    Typically from age 60, or from age 50 if you have left the employment tied to the scheme. Early access may also be available due to ill health.
  • Will my PRB lose value?
    PRBs are investments. Returns may rise or fall. We will help you choose funds aligned to your risk appetite and retirement timeline.
  • What happens to my PRB if I pass away?
    The fund is usually paid to your named beneficiaries. PRBs offer strong inheritance and estate planning advantages.
  • Which Life companies do you use?

I have agencies with all the major Irish life companies, Irish Life, New Ireland, Aviva, Royal London, Standard Life and Zurich. I also have access to outside asset managers such as Blackrock and Vanguard.

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Are you ready to take control of your pension?

Don’t let your old pension sit idle.

With a Personal Retirement Bond from Morrissey Wealth Management, you can transfer your pension into your name and build a smarter future.

Book a free pension consultation today.

Speak to Cian Morrissey and the team at Morrissey Wealth Management to explore your PRB options.

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I highly recommend Cian Morrissey for the work he has done regarding my pension plans. I
found working with him straightforward and efficient. Your pension is a critical element of
taking care of yourself and your loved ones in later years. You want someone you can trust,
and Cian has proven his trustworthiness many times. My pension is in safe pair of hands
with Cian.

Barry Lyons – Partner at Kruger Lyons Architects

I’ve been very pleased with the service Cian Morrissey provided in setting up and running
my pension. Cian has always been available to explain anything I need, has ensured I fully
understand how my money is being invested and regularly updates me on my pension performance. He’s also on hand to steady the waters when the economic
environment gets a little too chaotic for comfort.

Leon Kruger – Partner at Kruger Lyons Architects

I sleep better at night thanks to Cian Morrissey taking care of my pension. Financial advice is often presented as complex, overwhelming and full of fear. I found the complete opposite with Cian. Working with him to set up and build my own pension fund for my senior years has been an empowering and dare I say… fun! experience. Everything is clear, I don’t feel bamboozled with financial jargon and Cian is always available to advise me on how I can meet my goals. I highly recommend Cian if you want to take steps to build your own nest egg.

Claire Mason – Publicist

I can’t recommend Cian Morrissey and the team at Morrissey Wealth Management highly
enough. His expertise in financial planning and retirement strategy is second to none.
Whether it’s long-term wealth planning, retirement structuring, or broader financial strategy,
Cian brings clarity, confidence, and a truly personalised approach. Both professionally and
personally, he is my go-to advisor for all financial matters. The level of service, attention to
detail, and quality of advice I’ve received from Morrissey Wealth Management is unlike
anything I’ve experienced before.

Keith Wealleans – COO & Co-Founder of Momntum

Morrissey Wealth Management have been advising me personally and my clients over the
last number of years.
Cian’s proactive and professional approach have made him stand out from the crowd and is
my chosen advisor both personally and professionally.
Cian and his team recognised an ability to save money on fees which I was paying to an
existing provider and I have no hesitation recommending Cian and his team to friends,
colleagues and clients for life and pension needs.

Michael Crowley – Managing Parter at Patrick F. O’Reilly

I have been working with Cian Morrissey from Morrissey Wealth Management for the past
number of years. I’ve been extremely impressed with the professionalism, clarity, and
dedication of Cian and his team. They understood my goals for both my professional and
family investments, came up with a real clear strategy and plan which aligns to our long-term
financial goals. I would highly recommend Cian and his team for financial planning.

Shane Bourke –
CEO of Clearspace