Canada Life PRSAs The following are details of Canada Life's Standard PRSA product. Canada Life also market a Non-Standard PRSA. Charges 5% of each contribution, and 1% of the fund annually. Canada Life currently do not pay commission on contributions below €125.00 per month, so if you wish to contribute less than this to a Canada Life product, we will charge you a fee. Please ask for details. Fund Choices Canada Life / Setanta Pension Consensus Index Fund The objective of this fund is quite simple: to produce returns that are in line with the average pension managed fund over time. It does this by following the asset distributions of all the investment managers included in the quarterly pension performance league table. Consequently the fund will have the asset profile of a typical pension managed fund, which is usually a mix of equities, bonds, property and cash. Within equity markets, investment of the fund is on a passive basis. By investing in this fund, investors are reducing the risks associated with choosing one or a few investment managers. Canada Life / Setanta Pension Managed Fund Managed by Canada Life's Investment Managers, Setanta Asset Management, this fund invests in a carefully balanced combination of equities, fixed interest stocks, property and cash. Its aim is to provide above average returns over the long term, consistent with an acceptable level of risk. A managed fund would be the choice of the vast majority of pension fund investors. Canada Life / Setanta Pension Fixed Interest Fund This fund invests mainly in Irish government fixed interest stock, with a view to providing a more secure option for pension fund investors. Returns could be expected to be lower than those from a managed fund, but the risk element is also considerably lower. The fund would normally be utilised by more conservative investors or those approaching their retirement. Canada Life / Setanta Cash This fund aims to provide a return in line with money market interest rates and is suited to more cautious investors or those looking for a safe haven in times of uncertainty. Canada Life / KBC Pension Managed Fund Managed by Kredit Bank Cera (formerly Ulster Bank Investment Managers) this fund is an actively managed portfolio of equities, fixed interest securities and property. Default Investment Strategy Under the Default Investment Strategy funds will be invested in the Canada Life / Setanta Managed Fund until the individual is nine years from their selected retirement age.  At this point, and at the end of every 12 months thereafter, the funds will be smoothly moved into the Fixed Interest and Cash Funds so that by the selected retirement age, 75% of the money will be invested in the Fixed Interest Fund and 25% will be invested in the Cash Fund.  What Do I Do Next? If you want further information or want to open a PRSA, click here.