Hibernian launches guaranteed fund

Hibernian Life & Pensions, Ireland’s largest provider of saving and investment products, has launched the Hibernian Guaranteed Fund.

A global consumer research project undertaken by the UK-based Henley Centre on behalf of Hibernian Life & Pensions and its parent company Aviva plc recently found that “36% of Irish consumers are looking for more financial security than they were five years ago”.

Ian Veitch, Marketing & Product Development Director, Hibernian Life & Pensions said: “The Hibernian Guaranteed Fund offers a five-year capital guarantee if money remains with us for the period.

“If, after five years, the value of the fund invested by the customer is below the original amount invested, Hibernian will add additional funds to ensure that the current value is equivalent to no less than the premium initially paid, less any cash withdrawals.

“As well as the valuable guarantee, the fund offers the opportunity for strong growth through exposure to an actively-managed portfolio of real assets managed by Hibernian Investment Managers.

“We expect there to be strong demand for this fund.”

The fund will be available on Hibernian’s Spectrum Bond.