Hibernian launches guaranteed fund

Hibernian Life & Pensions has today launched the Hibernian Guaranteed Fund - a fund developed following a survey of Irish consumers.

The fund was developed in response to consumers' demand for a product offering opportunity for growth with capital security.

A global consumer research project undertaken by the UK-based Henley Centre on behalf of Hibernian Life & Pensions and its parent company Aviva found "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: "It is incumbent on us to respond to consumers’ concerns. Recently, investment products such as trackers have been criticised for lack of transparency, high cost structures and poor performance.

"We chose to address these criticisms in developing our new Guaranteed Fund."

Hibernian is part of Aviva plc, the world's seventh-largest insurance group. Hibernian is Ireland’s largest composite insurer, ranked first for general insurance and third for life and pensions.