The Evergreen Fund is does not have a capital guarantee as far as I am aware (although there may be variants that do), so irrespective of the deposit guarantee, your funds would be at risk anyway.
Having said that, funds/investments are not guaranteed by the State.
"New Ireland are quietly on the market" and "They have massive funds invested"
You should get the facts before you make a knee-jerk decision.
As I understand it from someone close to how insurance companies are set up and regulated, the fact is that New Ireland is a separate legal entity from Bank of Ireland. Your money is legally safeguarded within New Ireland, and immune from anything that goes on in Bank of Ireland. By law New Ireland has to hold all the assets that you are invested in (and much more besides). They don't borrow money, or loan out money, or gamble with the company's money or do anything else which could even come close to reducing the security of the money you have invested with them. All they do is invest your money as you have instructed. If only the same were true of banks who borrow, loan and gamble which is why poor depositers get so twitchy when their money is sitting in a bank.
So does this mean that any money invested through New Ireland is safe? I have a about 15k invested with them and I am worried.
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