Irish Life Annuity Fund

The Annuity Fund (Lifestyle Options) mainly invests in long-term corporate bonds and eurozone government bonds. It is designed to help pay for an annuity when the investor retires. As a bond fund, it is generally focused on interest-rate and credit-related movements rather than shares.

The Annuity Fund (Lifestyle Options) aims to perform in line with the Merrill Lynch EMU Government >10 year index. It uses an indexed investment style, which means it is designed to track the index rather than actively try to beat it. The fund is managed by Irish Life Investment Managers.

The Annuity Fund (Lifestyle Options) is intended for investors who are approaching retirement and want their savings positioned to pay for an annuity. It is only available as part of Irish Life's lifestyle options on Complete Solutions. That makes it a more specific retirement-focused option rather than a general-purpose bond fund.

The Annuity Fund (Lifestyle Options) has an SRI rating of 4, which points to a medium level of risk. Because it invests in bonds, it can be affected by changes in interest rates and by the ability of issuers to repay their debt; interest-rate risk means bond prices can fall when rates rise, while credit risk means a borrower may fail to make payments. The fund also may use securities lending, which can add some extra risk even though it is intended to generate additional return.