Security of funds

I

IamMoneyMad

Guest
Hi All,

I hope you can help, Almost two years ago, I invested a sum of money across two six year investment funds, guaranteed capital at the end of the term.

These funds are the evergreen and an Irish Life fund. However badly these are doing at the moment (give or take at about 0.90) I am not overly worried about the value, or in any case resigned myself to making back just my capital with little or no gain.

My worry is this... Will these funds still exist in four years time for me to avail or the guarantee? Are funds that are capital guaranteed therefore, in danger owing to the volatility??

Thanks folks!
 
I too have one of these 6 year policys(with Irish life) and have been looking into how secure it is in the current environment.
Basically as far as i can see(from reading into all the documentation) there are 2 senarios.
Say you invested 20k. The policy takes a nose dive, but at the end of the 6yr you are guaranteed your initial investment back(20k). Yes that 20k is worth less now than 6 years ago, but its secure.
The other scenario is if the institution with which you invested collapes.
In this case 90% of your investment up to a maximum payout of €20K is guaranteed under the IFSRA investor compensation scheme:
Compensation schemes
So from what i can see and am open to correction , anything under 20k and your investments should be fine. Anything over would need further analysis.
 
the 'capital protection' is often provided by third parties such a jp morgan, lehmans, etc, so you might check with your provider about what the actual guarantee or capital protection precisely means
 
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