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AIB Accumulator Fund

  • 20-07-2011 7:30pm
    #1
    maude6868
    Registered Users, Registered Users 2 Posts: 245 ✭✭


    I have an AIB ACCUMULATOR FUND which matures in 2016. I put 15,000 hard earned money in there for kids college fund. I have 5 kids and one income, my husband is unemployed and this money is absolutely vital to me. The literature on the fund told me I would get my initial investment back guaranteed. Can anyone tell me if I will see my money again. I hear that AIB has defaulted, what does this mean for my money, is it safe and what happens it if country defaults. I have no idea of money matters, just simple housewife doing my best for children.
    Tagged:


Comments

  • #2
    OfflerCrocGod
    Registered Users, Registered Users 2 Posts: 6,334 ✭✭✭OfflerCrocGod


    AIB is still there. Calm down.

    Hopefully by 2016 all this silliness will have blown over and you'll make a profit.


  • #3
    maude6868
    Registered Users, Registered Users 2 Posts: 245 ✭✭maude6868


    Well I do hope so. It's just I read an article about AIB defaulting last week and I got worried. I have never heard a peep from AIB since the day I invested. I would have thought I'd have had a yearly statement or something to the effect, no correspondence whatsoever. It's Ark Life, I believe who are heading AIB Accumulator Fund, are they safe.


  • #4
    OfflerCrocGod
    Registered Users, Registered Users 2 Posts: 6,334 ✭✭✭OfflerCrocGod


    maude6868 wrote: »
    Well I do hope so. It's just I read an article about AIB defaulting last week and I got worried. I have never heard a peep from AIB since the day I invested. I would have thought I'd have had a yearly statement or something to the effect, no correspondence whatsoever. It's Ark Life, I believe who are heading AIB Accumulator Fund, are they safe.
    I believe Ark Life are owned by Hibernian Group/Aviva which is one of the UKs biggest insurers. Should also be OK.


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