NEW!! Fixed Rate Deposit Fund, Issue 8

The fund invests in an 18 month fixed rate deposit account with KBC Bank Ireland plc. and provides a fixed return of 5.9% gross over 18 months (3.9% gross AER) from 8 August 2011 up to the maturity date of the fund, 12 April 2013. It is available on certain single premium pension investments.

A number of queries have arisen with regards to whether ARF/ARMF customers can invest in the fund and how the rate may be affected due to imputed distribution. The good news for your ARF/AMRF customers is that they can invest in this fund and they receive full exposure to the 5.9% gross AER over the term of the investment. Unlike in the past, there is no requirement for your customers to retain a portion of their investment in a cash fund to facilitate the annual imputed distribution payments.

For further information, please click here.