I also had IL Fund and a friends first property fund for 15K each, which I took out in 2001, As the years progressed, I noticed IL falling far behind Friends First for no good reason.
When permanent Tsb was coupled with irish life, I noticed through the moneymate tables that their annual appreciation dropped from 11 to 4%, i promptly cashed in the Irish Life fund ASAP. I also had an Irish Life 'scope' fund which lost me 15k And THAT WAS IN THE GOOD DAYS when markets were appreciating 2001-2005.
Just goes to show that EIRCOM, Irish Life and all Irish fund related gangsters of such Ilk are just conmen. Once they have sold you a policy, you never hear from them again unless they want to milk you or bump up your contributions.