I'm looking into starting a prsa as well as an investment with Zurich and saw on their key information document (for an investment option) a statement on insolvency: "If zurich is unable to fulfil its obligations as a result of its own insolvency or the insolvency of another party linked to the fund you have chosen, you may suffer a financial loss. There is no State guarantee scheme that can compensate you for all or part of these losses."
Is this commonplace for all insurance providers in Ireland? Would my PRSA be protected in the instance of Zurich going insolvent or does this just apply to investments with them? It's a bit unnerving in either case so would appreciate any further info people may have on this topic, thanks in advance!
Is this commonplace for all insurance providers in Ireland? Would my PRSA be protected in the instance of Zurich going insolvent or does this just apply to investments with them? It's a bit unnerving in either case so would appreciate any further info people may have on this topic, thanks in advance!