Compelo Insurance is using cookies

We use them to give you the best experience. If you continue using our website, we'll assume that you are happy to receive all cookies on this website.

ContinueLearn More

Hibernian adds new funds to pension products

Hibernian Life & Pensions, an Ireland-based subsidiary of insurance giant Aviva, has added three new funds to its AIB pension product range.

The news funds added are the UK Property Fund, High Yield Fund and Target 20 Fund. These funds are being added to AIB’s Personal Pension Plan, Executive Pension Plan and Approved Retirement Fund.

The UK Property Fund primarily invests in a portfolio of high-quality UK commercial properties and shares in UK property companies. In addition, money may be held on deposit while waiting for investment opportunities. As the fund’s holdings are in UK assets, the fund managers may purchase special financial instruments to minimize or remove the effect of adverse currency movements.

The High Yield Equity Fund invests in the shares of around 40 companies that are paying significant and sustainable dividends – and which also have the potential for capital growth. The fund has an emphasis on large, well-established companies, and is diversified in terms of both geography and market sectors.

Target 20 Fund consists of 20 shares selected by the managers from their preferred themes and industries, in whichever markets and sectors they consider to have the greatest potential. The managers have full discretion when it comes to stock choice.

The addition of these funds to the AIB product range is a further step in the integration of the Hibernian Life & Pensions and Ark businesses said Gareth McQuillan, product development and marketing director for Hibernian Life & Pensions. We are very satisfied with the progress made in the integration process to-date and look forward to delivering more investment funds to the AIB range in the future.