Deposit Plus (Series 2) Fund

The Deposit Plus (Series 2) Fund is a cash fund which offers you the flexibility to move into equity markets at a time of your choosing.

Main features

  • Invests in a variable rate deposit account with AIB Bank
  • Risk rating: 1

Who should invest in the fund?

  • Clients who want to complement a long-term investment strategy with a tactical low risk fund option.
  • Clients who don't want to invest in equity markets during volatile times but may want to invest in the Prisma range of funds sometime in the future.
  • Pension clients who have a short investment time horizon e.g. those close to retirement age.

Find out if this fund is available for your product choice (PDF - 110 KB)

How it works

The Deposit Plus (Series 2) Fund currently invests in a variable rate deposit account with AIB Bank (a trading name of Allied Irish Banks, plc). The interest rate earned on the deposit account is currently the ECB rate * (as at 10/01/2014) but the rate may change in the future.

Zurich Life’s normal product charges apply and includes annual management charges and, on some products, early encashment charges.

The return is before the deduction of charges, the pension levy and imputed distribution payments, as applicable. Taxes may apply when you mature your pension. Withdrawals from ARFs (Approved Retirement Funds) and AMRFs (Approved Minimum Retirement Funds) will be taxed as income.

* Clients do not have a deposit with AIB Bank (a trading name of Allied Irish Bank plc) or any recourse to AIB Bank. In the event that AIB Bank does not meet its obligations to Zurich Life, or the return on the AIB Bank account is otherwise insufficient, the value of the Deposit Plus (Series 2) Fund will be based on the value returned from the deposit account with AIB Bank. No other assets of Zurich Life Assurance plc shall be used to make up the difference.

Allied Irish Banks, p.l.c. is regulated by the Central Bank of Ireland.

Asset Split**

Annualised Performance (%)*

*Notes: Annual management charges (AMC) apply. The fund performance shown is before the full AMC is applied on your policy.

Returns are based on offer/offer performance and do not represent the return achieved by individual policies linked to the fund.

The fund price/performance shown is for the Pension / Gross of Tax Funds category.

*Source: Zurich Life

**Note: Asset Splits are updated monthly.

Why Zurich Life?

At Zurich Life, we believe that the macro economic environment is the key driver for investment market themes. We are business cycle investors, and our portfolios are constructed to take advantage of investment opportunities over all parts of the economic cycle.

Our investment managers closely co-operate to make decisions across assets, markets and sectors, taking a 'top-down' approach to identify trends and to bring the best investment opportunities to our clients.

It's widely accepted that long-term investment returns within an investor's portfolio are driven by asset allocation. Asset allocation decisions have become increasing complex over the years, due to a changing economic landscape and market volatility. At Zurich Life, we have a reputation for making the right investment decisions at the right time.

Warning: Past performance is not a reliable guide to future performance.
Warning: Benefits may be affected by changes in currency exchange rates.
Warning: The value of your investment may go down as well as up.
Warning: If you invest in these funds you may lose some or all of the money you invest.

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