This is an actively managed fund, which invests in cash deposits, some equities and fixed-interest assets and is guaranteed not to fall in value.Please note that a Market Value Adjuster (MVA) of 10%* is currently in operation on the Capital Protection Fund (previously called Exempt Guaranteed Fund). This MVA is the reduction in the fund value applied at present when a non-demographic claim or fund switch/transfer is made. This rate is liable to change and you should check with Irish Life.
*rates correct at 21 October 2008