Tag: Buy Out Bond

05 May

Five Common Questions regarding Personal Retirement Bonds ( Buy Out Bonds)

Personal Retirement Bonds(PRBs) also known as Buy Out Bonds (BOBs) are taken out by trustees of company pension schemes for former members. They are personal contracts taken out in the employee’s own name. They are usually taken out when an employee leaves service or when an employer decides to wind up their company pension scheme. […]