Stockmarket jitters sees €175m drop in Hibernian pension investments

STOCKMARKET uncertainty has resulted in a €175.3 million drop in Hibernian Life and Pensions single premium investment sales in Ireland as investors turned to property.

The 70% drop in single investment sales from €249 million in 2002 was blamed by the Aviva Plc subsidiary on “continuing stockmarket uncertainty”.

Hibernian yesterday announced its new business results for the year ending December 31, 2003.