In August 2017 we are making changes to the availability of Irish Life’s Capital Protection Fund.
The Capital Protection Fund is currently closed to new Single Premium investments. Existing customers cannot switch their existing investments into the Capital Protection Fund or invest a new Single Premium in the fund.
These restrictions apply to existing funds invested with Irish Life and to new funds invested in the future.
An existing investor can of course switch fully out of the Capital Protection Fund if they wish. Any switch will be subject to a Market Value Adjustment if applicable. Currently there is no MVA applying. Once a scheme member has switched out of the fund, they cannot switch back into it.
We are now extending the restrictions to include new Regular Premium investments.
With effect from 7 August 2017 Irish Life Corporate Business will no longer accept new Regular or Single Premium investments into the Capital Protection Fund.
