| News > Friends First Launches New Deposit Fund Friends First has launched a new Deposit fund as part of its re-designed pension and investments portfolio. The fund has been introduced as a lower risk option to investors looking for a safer haven for their investment, until the economy settles down. The Deposit fund invests in a one month Deposit Account with Anglo Irish Bank with a current rate of 4.75% per annum*. The fund can be accessed on the 15th of every month when investments can be made and the rate will be fixed for the coming month.Simon Hoffman, Pension Manager, Friends First said, “We have added this new Deposit Fund to our pension and investment portfolio to provide a low risk alternative to our customers in a time of market turbulence. The new fund offers an ideal temporary secure home, especially to pension investors, who are looking for a safer option in the current climate. With the approaching Revenue File and Return deadline, the Friends First Deposit fund is ideally placed as an option for pension contributions to benefit from the tax savings in this market.” The Friends First investment
proposition includes five asset classes, three award winning fund managers, 25
fully diversified and market-leading funds. For more information about Friends First Investments click here *A fund management charge of 0.75% p.a. applies and other plan management charges may apply. The gross rate is currently 5.25%, which is a margin of 1% over current ECB rates.
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