Secure Euro Pension Fund 2

Acorn life is pleased to launch one of Ireland’s most innovative pension tracker funds, which provides the advantages of investment in equities but without the associated downside risks.

The Acorn Life Secure Euro Pension Fund 2 is an innovative pension fund with a term of 7 years offering 100% capital protection while allowing you to gain exposure to 90% of the performance of the Euro Stoxx 50 index - Europe’s leading index for the Eurozone. The fund allows you to gain from the potential growth in the Euro Stoxx 50 index when markets rise while also protecting you from significant losses when markets are down.

 The fund also aims to protect you from falls in the value of the Euro Stoxx 50 index towards the end of your investment. This is done by averaging the index values from each of the last 12 months which helps cushion any highs or lows experienced. This can reduce the effect of any falls in the value of the index but can also limit your investment growth in the last year of the term.

Before the end of the term, we will contact you to advise of the forthcoming maturity date and the options available for your fund.

If you would like to know more about Acorn Life's Secure Euro Pension Fund 2 click here

Key Features

• 100% Capital Protection at the end of a 7 year investment period.

• The maturity value is 100% of the capital plus 90% of the growth, if any, in the Euro Stoxx 50.

• Protection from large fluctuations in the last year of the term by averaging the index values.

• Fixed investment term of 7 years. The fund is only designed for investors who do not intend on accessing the fund by means of retirement during this term.

• Encashments or switches out of the fund are not permitted during the fixed investment term of 7 years.

• The Secure Euro Pension Fund 2 is available to pension contracts.

• Minimum investment is €10,000 and investors must be eligible to contribute to a pension.

• Closing date for receipt of applications is 23rd March 2012, or earlier if fully subscribed.

 

Is This The Investment For You?

This Fund is suitable for pension policy holders who require access to equity markets whilst maintaining capital protection at maturity after 7 years. The Fund is not suitable for investors who require regular income or access to their pension before maturity. The Fund is suitable as a capital growth investment. Any returns will depend on the performance of the underlying index. Your money is not directly invested in the shares of the companies in the index and, therefore, you will not benefit from any dividends paid by the companies. The fund tracks the performance of the companies in the index and you will benefit from capital gains made by those companies’ shares. For further information, please refer to the Key Features document.

Capital Protection

This Fund is capital protected only at its scheduled maturity. If the Fund redeems before its scheduled maturity, it may return less than the capital protected amount. The capital protection is provided to Acorn Life Limited by Barclays Bank PLC (“Barclays”). Barclays is authorised and regulated by the UK Financial Services Authority and has ratings of A+ from Standard & Poor’s and Aa3 from Moody’s (as at 30th November 2011).

The Fund is not sponsored, endorsed or promoted by Barclays. Barclays will make payments only to Acorn Life Limited and will have no contract with or liability to any investor in the Fund.

Euro Stoxx 50

The Euro Stoxx 50 index is Europe’s leading index for the Eurozone. This index covers large, high-profile companies which are leaders in their field in the Eurozone. The index tracks 50 stocks from 12 Eurozone countries: Austria, Belgium, Finland, France, Germany, Greece, Ireland, Italy, Luxembourg, the Netherlands, Portugal and Spain (Source: Eurostoxx 50 Factsheet, 31/10/2011).

 

Important: Please note that the above are only brief summaries of the features of the Secure Euro Pension Fund 2. Definitive terms are provided in the Key Features document.

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