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The Horizon Pension RangeA guide for Financial Advisers

ContentsThe Horizon pension range Page 1

Why choose Hibernian Aviva?

Fund choice for the Horizon range Page 4

Fund choice - to meet all needs Page 6

Funds in focus - a small selection Page 7

Lifestyle choice - with reducing risk Page 9

The Horizon range - product outline Page 10

Horizon Plan - a summary of the charging structure Page 12

Horizon Plan options - a summary of the charging structure Page 14

Appendix Page 16

Useful addresses Page 17

When it comes to saving for retirement, your clients are sure to want

flexibility, control and value from their pension – not to mention the usual

tax advantages. And that’s exactly what you’ll get from the Horizon Pension

range.

Horizon Plan and Horizon Plan Options offer the ability to tailor charging structures and fund choice to suit the needs of advisers and clients.

Horizon Plan is available for Single and Regular Contributions

It is suitable for:

Executive Pension Plans, •

Personal Pension Plans, •

Additional Voluntary Contributions (AVCs) (provided there is also an employer pension •contribution),

Buy Out Bonds and, •

Transfer Values.•

Horizon Plan Options is available for Regular Contributions only

It is suitable for:

Executive Pension Plans, •

Personal Pension Plans, and •

AVC’s (provided there is also an employer pension contribution). •

It is not available for Buy Out Bonds or Transfer Values.•

Fund choice to meet all needs

The Horizon Pension range allows your clients to invest their pension contributions in a wide but very manageable range of funds. Unlike some other pension plans, we won’t constrain them with a limited list of funds or overwhelm them with a bewildering choice of obscure funds either.

By choosing the funds that best suit their needs and attitude to risk, they can give themselves a greater probability of investment success.

The Horizon pension range

The Horizon Pension Range

1

Hibernian Aviva is one of the largest insurance companies in Ireland

and has over 50 years experience in looking after the retirement needs

of Irish people. This wealth of experience and knowledge should give

you the peace of mind of knowing that, with Hibernian Aviva, your

clients’ retirement benefits are in good hands.

Why choose Hibernian Aviva?

2


What to look for in a pension provider?

You need to feel sure that the company chosen can invest your clients’ money in areas that have the potential to provide the highest returns, giving their money the best opportunity to grow.

As part of Aviva plc, Hibernian Aviva is backed by the strength of the world’s fifth largest insurance group* with operations in 28 countries worldwide. With a wealth of experience in the Irish market, Hibernian Aviva is Ireland’s leading multi-line insurance company.

We believe that with our experience in the Irish market, backed up with the global strength of our parent company, we are ideally placed to become the pension provider of choice.

* Source: Based on gross worldwide premiums at 31 December 2008, Aviva.

Our strength and scale

Aviva’s financial strength is reflected in our consistent top-tier financial strength ratings from the major independent ratings agencies:

Moody’s Aa3 (Excellent) •

Standard & Poor AA - (Very Strong) •

These ratings1 show their current view of the company’s strong capital position and ability to meet long-term obligations.

Aviva has a market capitalisation of €13 billion2 as at 13 August 2009 - making Aviva one of the largest insurance companies in the World. We have premium income and investment sales of UK£51.4 billion1 for the year ended 31 December 2008 and our solvency surplus increased from UK£2bn1 in December 2008 to UK£3.2bn1 in June 2009 - despite the difficult market conditions.

10000

20000

30000

40000

50000

60000

109876543210

2004 2005 2006 20082007

£m

0

10000

20000

30000

40000

50000

60000

2004 2005 2006 20082007

£m

1. Source: Hibernian Aviva August 2009.

2. Source: The FT.com as at 13 August 2009. Based on exchange rates as at 13 August 2009.

Aviva Worldwide sales1 UK£


3

The Horizon Pension range offers a wide and varied choice of investment

funds to help your clients save for their retirement. This allows your clients

to select funds that match their retirement goals and attitude to risk, whilst

having the freedom to choose new ones if their needs change.

Fund choice - the importance of diversification

Ideally, all clients would like to only hold top-performing investment funds. However, as history has shown, there is no way of predicting which fund will be ‘this year’s star performer’.

That’s why diversification is important. By spreading your client’s investments across a range of funds and asset classes, you are potentially enhancing the risk-reward profile of your clients’ portfolios. By balancing risk and reward through diversification, investors can potentially:

Participate in market gains,•

Minimise the effect of market downturns in any one-asset class,•

Achieve consistent and steadier returns over the long-term, rather than •‘chasing winners’.

Reduce the risk profile of their portfolios.•

A wide and varied fund choice

With help from you, your clients can create a diversified range of retirement investments, which means that they can spread their money in a way that suits their needs. Of course your clients’ chosen asset allocations will also depend on their attitude to risk and potential return – and their investment time horizon.

With Hibernian Aviva your clients have access to all the main asset classes:

Equities•

Property•

Commodities•

Fixed Interest and Bonds•

Cash•

From the wide range of funds available, your clients can select funds that concentrate on specific sectors, geographical regions and asset classes; such as high yield equities or natural resources.

Alternatively, you could advise clients to invest in ‘managed’ funds, which consist of a broad spread of the main asset classes, offering exposure to each area but without all the associated risks of ‘putting all their eggs in one basket’ or asset class.

With Hibernian Aviva, you get access to the largest number of ‘managed’ funds available from any pension provider in Ireland – and of course, you are not limited to Hibernian Aviva’s own ‘managed’ funds.

Fund choice for the Horizon range


4

Funds from the top names in investment

As well as choosing from different asset classes, you can access even greater variety by choosing different investment managers and styles. At Hibernian Aviva, not only do we offer you funds from the Aviva Group’s own investment managers, Aviva Investors – but we’ve also teamed up with some of the best known names in investment management to offer you a large number of additional funds. These include funds from companies like:

BlackRock, •

AIB Investment Managers,•

Bank of Ireland Asset Managers and•

Merrion Investment Managers.•

Access to this variety of asset classes, funds and investment managers ensures that regardless of what happens in the future, you will be giving your clients pension the best opportunity to have all the investment angles covered.


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Fund choice - to meet all needs

Hibernian Aviva offers a wide choice of investment funds with different risk

ratings. Your clients simply choose the fund (or funds) that best suits their

attitude to risk.

Low Risk Choice Risk Profile

Aviva Irl Cash Fund 1

Aviva Irl Safe Haven Fund Series 2 1

Aviva Irl Fixed Rate Deposit Fund 1

Bond Choice Risk Profile

Aviva Irl Bond Fund 2

Aviva Irl Index Bond Fund 2

Aviva Irl Blue Chip Corporate Bond Fund

3

Managed Choice Risk Profile

Aviva Irl Balanced Managed Fund 3*

Aviva Irl Consensus Managed Fund 3*

Aviva Irl BIAM Managed Fund 3*

Aviva Irl AIBIM Managed Fund 3*

Aviva Irl Euro Managed Fund 3

Aviva Irl Merrion Managed Fund 3*

*Available as a ‘lifestyle’ fund

Property Choice Risk Profile

Aviva Irl Irish Property Fund Series 2 3

Aviva Irl UK Property Fund Series 2 3

Aviva Irl European Commercial Property Fund

3

Socially Responsible Investment Choice

Risk Profile

Aviva Irl SRI Bond Fund 2

Aviva Irl SRI High Yield Equity Fund 4

Aviva Irl SRI Irish Equity Fund 4

Global Equity Choice Risk Profile

Aviva Irl International Equity Fund 4

Aviva Irl High Yield Equity Fund 4

Aviva Irl General Equity Fund 4

Regional Equity Choice Risk Profile

Aviva Irl BlackRock European Absolute Return Strategies Fund

3

Aviva Irl Irish Equity Fund 4

Aviva Irl Eurozone Equity Fund 4

Aviva Irl Merrion European Value Fund 4

Aviva Irl UK Equity Fund 4

Aviva Irl US Equity Fund 4

Aviva Irl Japanese Equity Fund 5

Aviva Irl Latin American Fund 5

Specialist Equity Choice Risk Profile

Aviva Irl Euro Financials Fund Series 2 4

Aviva Irl Asia Pacific High Yield Equity Fund

5

Aviva Irl BlackRock World Gold Fund 5

Aviva Irl BlackRock World Mining Fund 5

Aviva Irl BlackRock World Energy Fund 5

Aviva Irl BlackRock New Energy Fund 5

Geared Choice Risk Profile

Aviva Irl Geared High Yield Equity Fund 5

Aviva Irl Geared European Commercial Property Fund

5

Note: Hibernian Aviva Life & Pensions may from time to time close or merge the funds or offer the opportunity to invest in new funds not listed above.

For further information on these funds and for an explanation of the risk ratings, please see the brochure ‘Your guide to our funds’.


6

Funds in focus - a small selection

Our ‘cash’ options

For many risk averse investors, in the current climate, cash is king. For those investors, we have a range of options, from the Aviva Irl Cash Fund to the Aviva Irl Fixed Rate Deposit Fund. Cash investing is the low risk option and is suitable for those investors:

Looking for a • ‘safe haven’ in falling equity markets,

Nearing retirement and • wanting to protect their existing pension fund.

Aviva Irl Blue Chip Corporate Bond Fund

Aviva Investors believe now is a very good time to invest in corporate bonds - with market conditions driving prices up and yields down. Aviva Investors have a long established track record in bond trading and continue to focus on well-known and established companies.

The Aviva Irl Blue Chip Corporate Bond Fund has the potential to offer investors:

Greater growth potential• than cash or government bonds.

An attractive alternative• to equities for many investors.

Since launch in April 2009, the fund has delivered a strong return of 8% gross (to end July 2009)*. And, although investing in corporate bonds may be new to many Irish investors, in the UK, more money has been invested in the corporate bond sector in 2009 than in any other sector.*

*Source: Aviva Investors August 2009.

Aviva Irl BlackRock European Absolute Return Strategies Fund

BlackRock, a new name to many Irish investors, are the largest money manager in the world.1 They have pioneered the art of absolute return investing, an investment concept that offers investors growth potential - regardless of market conditions - by attempting to deliver positive returns in bull and bear markets.

A viable alternative to ‘managed’ funds:• The Fund Manager, Vincent Devlin, who is ‘AA’ rated by Citywire2, is not constrained by traditional investment methods. He can ‘go long’ or ‘go short’, hold ‘pair trades’ or simply invest in cash; in fact, he has a much wider range of tools available to him to ensure that the fund performs in all markets.

A core long-term holding:• The fund offers diversification as its returns are uncorrelated to markets and other traditional asset classes. For more information on Absolute Return investing, please see the brochure ‘Investing in Absolute Returns Funds’.

1. Source: Irish Times June 13, 2009.2. Source: BlackRock September 2009.


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Aviva Irl Merrion Pension Managed Fund

Too often, Irish pension managed funds have been accused of ‘following the herd’ when it comes to stock selection. We think Merrion Investment Managers are different – and their results would back that up. Hibernian Aviva offers your clients unique access to this boutique investment manager through the Aviva Irl Merrion Pension Managed Fund.

Ireland’s No. 1 Managed Fund• versus its Mercer Survey peer group over 10 and 15 years.1 On a year-to-date basis this fund is beating its Mercer peer group average by 7.5%. 1

Competitor beating return:• The Aviva Irl Merrion Pension Managed Fund has outperformed the rest:

o Eagle Star Balanced Managed Fund by 158%2,

o Canada Life Managed Fund by 250%2,

o New Ireland by 217%2

o Irish Life Consensus Fund by 64%3

1. Source: The Mercer Survey 31 July 09.2. Since inception of the Merrion Pension Managed Fund in October 93 to July 09 - returns shown are gross. 3. Since the inception of the Consensus Fund December 95 to July 09 - returns shown are gross.

Aviva Irl High Yield Equity Fund

Aviva Investors introduced high yield investing to the Irish market in 2001 and they continue to be the market leader. Their continued focus on blue chip companies, whose share price offers value relative to its peers, is a proven strategy. In summary:

Strongest High Yield Equity Fund:• The High Yield Fund is Ireland’s top performing global high yield equity fund over three and five years and despite the extreme market volatility of 2008 this fund’s returns are still in positive territory over five years.

Ireland’s High Yield Experts:• Aviva Investors pioneered high yield investing in Ireland and currently manage over €800 million in this asset class.

Source: Aviva Investors August 2009.

Aviva Irl Asia Pacific High Yield Equity Fund

Benefitting from Aviva Investors undoubted expertise in High Yield investing, the Aviva Irl Asia Pacific High Yield Equity Fund gives your clients access to the World’s powerhouse of the future.

Profit from Asian growth:• Driven by urbanisation, rising consumer spending, increased infrastructure spending and a powerful manufacturing sector, Asian markets have been growing faster than their developed counterparts driving strong returns from Asian stockmarkets.

A long term trend:• This growth is predicted to be a long-term trend with China and India predicted to be the world’s largest and third largest economies in terms of GDP by 2050. Given this compelling growth story many would argue that a well-diversified portfolio should contain some exposure to Asia.

An impressive performance record• – Asia’s rise in economic supremacy combined with the strong investment process has led this fund to generate an impressive year-to-date return of almost 35% gross (to end July 2009).

Source: Aviva Investors August 2009.

Funds in focus - a small selection


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Lifestyle choice - with reducing risk

Lifestyle choice gives the peace of mind of knowing that as your clients

approach their normal retirement age, their assets will be managed in a way

that progressively reduces their exposure to riskier assets such as equities.

Lifestyle choice gives access to a ‘basket’ of up to three funds. This ‘basket’ will be automatically managed in such a way as to ensure that the risk profile of your clients’ assets reduces as they approach retirement.

The ‘basket’ of funds is:

A ‘managed’ fund selected from one of either the Aviva Irl Balanced Managed Fund, the Aviva •Irl Consensus Managed Fund, the Aviva Irl BIAM Managed Fund, the Aviva Irl AIBIM Managed Fund or the Aviva Irl Merrion Managed Fund, and

The Aviva Irl High Yield Equity Fund, and•

The Aviva Irl Bond Fund - consisting of medium duration bonds.•

The only decision that needs to be made is which one of the five ‘managed’ funds to add the lifestyle option to. Once this is done, the percentage allocation to each fund within the ‘basket’ will depend on how long your clients have before reaching their normal retirement age.

When setting up the pension, your client will need to select their retirement age, known as the •normal retirement age (NRA).

Regardless of their age, provided they have more than 5 years to go before their NRA:•

80% of all contributions1. will be invested in their chosen ‘managed’ fund, and

20% of all contributions2. will be invested in the Aviva Irl High Yield Equity Fund.

As they get to within five years of their NRA, we will gradually begin switching• 1 their fund from the Aviva Irl High Yield Equity Fund and then their chosen ‘managed’ fund into the lower risk fund, the Aviva Irl Bond Fund, as demonstrated in the simple table below.

Number of months before Normal Retirement Age

Aviva Irl High Yield Equity Fund

Chosen ‘Managed’ Fund

Aviva Irl Medium Bond Fund

61 20% 80% 0%

60 18.33% 80% 1.67%

54 8.33% 80% 11.67%

48 0% 78.33% 21.67%

36 0% 58.33% 41.67%

24 0% 38.33% 61.67%

12 0% 18.33% 81.67%

Normal Retirement Age 0% 0% 100%

Notes:

1. The first switch occurs on the same day of the month as the policy commencement date, immediately prior to the birthday that is five years before the NRA. The switching of funds occurs evenly and monthly between the whole months shown in the table above.

2. If we are asked to change the normal retirement age (within the Revenue limits), the fund allocations within the lifestyle concept will be altered to take account of the higher or lower number of years before retirement.

3. While investing in the Lifestyle Option is designed to reduce the impact of stockmarket falls in the final years before retirement, investors should be aware that this strategy can also reduce the benefits of any stockmarket gains during the same period.


9

The Horizon Range - product outline

Horizon Plan › a summary of the charging structure

Horizon Plan Options › a summary of the charging structure

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The Horizon range - product outline

Horizon Plan and Horizon Plan Options are unit linked individual pension

arrangements.

Regular Premiums

Premiums can be paid on a regular monthly, quarterly, half-yearly or yearly basis. Monthly premiums must be paid by Direct Debit mandate. The minimum premium is €200 per month or €2,400 per annum.

Single Contributions – Horizon Plan only

Single premiums and transfer values can be made to Horizon Plan. These can be paid at the outset or at some time in the future. The minimum single premium is €7,500 (or €750 as a top-up).

Age at entry

Minimum 19 next birthday

Maximum 68 next birthday (Executive Pension Plan, Buy Out Bond)

73 next birthday (Personal Pension Plan)

Retirement age

Minimum 60

Maximum 70 (Executive Pension Plan, Buy Out Bond)

75 (Personal Pension Plan)

Horizon range choices

Executive Plan Personal Plan AVC Buy Out Bond

Horizon Plan

Horizon Plan

Options

Horizon Plan

Horizon Plan

Options

Horizon Plan

Horizon Plan

Options

Horizon Plan

Horizon Plan

Options

Regular contributions ✓ ✓ ✓ ✓ ✓ ✓ ✗ ✗

Single contributions ✓ ✗ ✓ ✗ ✓ ✗ ✓ ✗

Inflation proofing ✓ ✓ ✓ ✓ ✓ ✓ ✗ ✗

Maximum normal retirement age

70 75 70 70 N/A

Horizon Plan is suitable for Executive Pension Plans, Personal Pension Plans, AVC’s (provided there is also an employer pension contribution), Buy Out Bonds and Transfer Values.

Horizon Plan Options is suitable for regular contributions to Executive Pension Plans, Personal Pension Plans and AVC’s (provided there is also an employer pension contribution). As it can only accept regular contributions, it is not available for Buy Out Bonds or Transfer Values


11

Horizon Plan – a summary of the charging structure

Regular contributions

Annual PremiumGross allocation rate

(deduct relevant commission - see overleaf)

e2,400 - e5,399 97%

e5,400 + 100%

Bid/offer spread N/A

Fund Management Charge1 0.85% p.a.

Fund charge rebate (see overleaf) 0 - 0.2% p.a. (see overleaf)

Policy fee €4.50 p.m.

Pensions Board Fee (Executive Plan only) €9.50 p.a.

Note:

1. On certain funds, there is a different fund management charge - please see appendix for details.

2. The allocation rates for regular contributions will be reduced if the term to retirement is 5 years or less at outset. The term reduction factors are as follows:

Term to Retirement

4 years 1 month - 5 years



1 year 1 month - 2 years

1 month- 1 year

Reduction 1% 2% 3% 4% 5%

Single contributions

Single premiumGross Allocation Rate

(deduct relevant commission – see overleaf)

Less than €5,400 98% (top up only)

€5,400 - €7,499 100% (top up only)

€7,500 - €12,499 100.5%

€12,500 - €24,999 101%

€25,000+ 102%

Bid/offer spread N/A

Policy fee €45 at outset

Fund Management Charge2 0.85% p.a.

Fund Management Charge rebate 0 - 0.2% p.a. (see overleaf)

Note:

1. The allocation rate for single premiums will be reduced if the term to retirement is less than 10 years at outset. The reduction is 0.5% for every full year that the term is less than 10 years. For example, if the term is 6 years, the allocation is reduced by 2%.


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Transfer Penalty (Single Premium plans only)

A transfer penalty will apply on that part of the fund associated with the payment of single premiums. It only applies if the fund is transferred to another pension arrangement within 3 years of the payment of the single premium. It does not apply on leaving service, early retirement or at normal retirement age.

Single premium Transfer Penalty

Up to €7,500 Nil

€7,500 - €12,499 0.5%

€12,500 - €24,999 1%

€25,000 + 2%

Annual Fund Management charge rebate

We will rebate part of the annual fund management charge where the value of the fund exceeds €50,000. The amount rebated is set out in the following table.

Fund size Rebate

Less than €50,000 0%

€50,000 - €149,999 0.05% p.a.

€150,000 - €299,999 0.10% p.a.

€300,000 - €499,999 0.15% p.a.

€500,000 + 0.20% p.a.

Fund switching

The first 6 switches in every policy year are free of charge. There is a €30 charge per switch thereafter.

Commission options

There are a variety of commission options to choose from.

Flat rate option

For regular contributions, you can choose a flat rate of commission ranging from 0% to 8% p.a. in increments of 1%.

For single contributions, you can choose a flat rate of commission ranging from 0% to 5% in increments of 1%.

Premium based option - regular premium only

Maximum Commission Bands

Initial Max Initial Max Renewal

2.5% x term 50% 4%

2.0% x term 40% 5%

1.5% x term 30% 6%

1.0% x term 20% 7%

Initial commission is paid based on an accrual rate x term to NRA.

Fund based option

This commission option is paid for by cancelling units in the fund and is charged in addition to the normal annual fund management charge as a percentage of the fund value. It is available in conjunction with premium based commission, or on its own. You can choose a rate of commission ranging from 0.25% pa to 1% pa in increments of 0.25%.


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Horizon Plan Options - a summary of the charging structureRegular contributions

A B

Initial Commission 25%(1.25% x term, max 25%)

20%(1.25% x term, max 20%)

Renewal Commission 4% 3% 2% 1% Nil 4% 3% 2% 1% Nil

Net Allocation Rate 96% 97% 98% 99% 100% 95% 96% 97% 98% 99%

Bonus Allocation1 1% 1%

Loyalty bonus allocation (see overleaf)

1%, 2%, 3% 1%, 2%, 3%

Bid/Offer spread n/a n/a

Fund Management Charge5 1.50% per annum 1.25% per annum

Policy fee €4.50 per month €4.50 per month

Pensions Board Fee (Executive Plan only)

€9.50 per annum €9.50 per annum

Commission Clawback Period 4 years 4 years

C D

Initial Commission 15% (1.25% x term, max 15%)

10% (1.25% x term, max 10%)

Renewal Commission 4% 3% 2% 1% Nil 4% 3% 2% 1% Nil

Net Allocation Rate 96% 97% 98% 99% 100% 95% 96% 97% 98% 99%

Bonus Allocation1 1% 1%

Loyalty bonus allocation (see overleaf)

1%, 2%, 3% 1%, 2%, 3%

Bid/Offer spread n/a n/a

Fund Management Charge5 1.25% per annum 1.00% per annum

Policy fee €4.50 per month €4.50 per month

Pensions Board Fee (Executive Plan only)

€9.50 per annum €9.50 per annum

Commission Clawback Period 3 years 3 years

1. For contributions of €9,600 per annum or more, there is an extra 1% allocation payable on all contributions.

2. A maximum contribution of €50,000 p.a. will apply to A and B and a maximum contribution of €75,000 p.a. will apply to C and D.

3. Initial commission is paid based on an accrual rate x term to NRA (subject to maximum age 65).

4. The allocation rates will be reduced if the term to retirement is 5 years or less at outset. The term reduction factors are as follows:

Term to Retirement

4 years 1 month

- 5 years

3 years 1 month

- 4 years

2 years 1 month

- 3 years

1 year 1 month

- 2 years

1 month- 1 year

Reduction 1% 2% 3% 4% 5%



14

Time since commencement Transfer Penalty

less than 3 years 5%

3 to 4 years 3%

4 to 5 years 1%

5 years plus 0%

Loyalty Bonus Allocation

A loyalty bonus allocation is payable on the 10th anniversary of commencement of the policy, and on each 10th anniversary thereafter. The rates payable are detailed below.

Policy Anniversary Bonus

10 years 1% of all premiums paid in years 0-9




Fund Switching ChargeThe first 6 switches in every policy year are free of charge. There is a €30 charge per switch thereafter.

Fund based option

As well as the commission options detailed opposite, you also have the option of taking fund based commission. This commission option is paid for by cancelling units in the fund and is charged in addition to the normal annual fund management charge as a percentage of the fund value. It is available in conjunction with premium based commission, or on its own. You can choose a rate of commission ranging from 0.25% pa to 1% pa in increments of 0.25%.

Transfer Penalty

A transfer penalty will apply if the policy is transferred to another pension arrangement in the first 5 years following policy commencement. It does not apply on leaving service, early retirement or at normal retirement age.


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Appendix

Additional Annual Fund Management charge - on certain funds

On Horizon Plan and Horizon Plan Options, for most funds the Annual Fund Management charge is as per that stated previously. However, on certain funds, we apply an additional charge. These funds are detailed below, with the additional charge.

Fund Additional Fund Management Charge

Aviva Irl SRI Funds 0.25% pa

Aviva Irl Irish Property Fund (Series 2) 0.25% pa

Aviva Irl UK Property Fund (Series 2) 0.25% pa

Aviva Irl European Commercial Property Fund 0.65% pa

Aviva Irl AIBIM Multimanager Fund 0.25% p.a. plus third party fees*

Aviva Irl AIBIM Managed Fund 0.10% pa

Aviva Irl Asia Pacific High Yield Equity Fund 0.25% pa

Aviva Irl Merrion European Value Fund 0.25% pa

Aviva Irl Euro Financials Fund (Series 2) 0.25% pa

Aviva Irl BlackRock European Absolute Return Strategies Fund 0.65% pa**

Aviva Irl BlackRock World Gold Fund 0.65% pa

Aviva Irl BlackRock World Mining Fund 0.65% pa

Aviva Irl BlackRock World Energy Fund 0.65% pa

Aviva Irl BlackRock New Energy Fund 0.65% pa

Quilter Personalised Portfolio Fund 0.25% pa†

Geared Funds Total Fund Management Charge

Horizon Plan Horizon Plan Options#

Aviva Irl Geared High Yield Equity Fund 0.675% GAV 0.625% GAV

Aviva Irl Geared European Commercial Property Fund 1.125% GAV 1.075% GAV

GAV On our geared funds we apply the fund management charge to the gross asset value of the fund, i.e. to the policyholders money and any borrowings made by the fund.

# On Horizon Plan Options there is an additional fund management charge of 0.75% pa for A, 0.50% pa for B and C and 0.25% pa for D. This additional charge is taken by unit deduction from the fund, excluding borrowings.

New funds with different fund management charges may be added from time to time.

*Third Party Fees: The AIBIM Multimanager Fund invests in an underlying fund that benefits from the expertise of a number of third party investment managers. Fees are paid to these investment managers by the underlying fund. The underlying fund generally avoids initial investment charges and receives substantial reductions in investment management fees with all rebates generally being credited to the fund. The net management fee payable to the fund through the third party funds chosen is currently expected to be no more than 0.60% p.a. but may change over time due to the funds chosen and the asset allocation policy.

** A performance fee may be payable for investing in the Aviva Irl BlackRock Absolute Return Strategies Fund. This fee is described in the ‘Investing in Absolute Return Funds’ brochure.

† Only available with Horizon Plan Options. Current conditions apply to this fund and they are as follows:The minimum fund value you need to invest in the Quilter Personalised Portfolio Fund is €150,000. (This can be achieved by switching your current holdings from all other funds into this fund). Once this condition is met you can continue to invest annual contributions only into the fund. The minimum annual contribution is €30,000p.a. When you choose the Quilter Personalised Portfolio Fund you must place your entire investment in the fund i.e. 100% of your holdings will be in the fund. You can switch your fund selection at any time, however, you must switch the entire holding. If you are invested in this fund you can not split your investments into any other fund. Where the Quilter Personalised Portfolio Fund has been chosen, the schedule of stockbroking charges that apply to the purchase and sale of holdings is available on request.


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Useful addresses

Any enquiries or complaints regarding your policy should be in the first instance directed to our Pensions Department. We will endeavour to ensure that all matters in relation to your policy are dealt with in a satisfactory manner. In the event that you are dissatisfied on any matter, you may refer your complaint to one or more of these offices.

Financial Services Ombudsman’s Bureau

3rd Floor, Lincoln House, Lincoln Place, Dublin 2.

Tel: 1890 88 20 90 Fax: (01) 662 0890. E-mail: [email protected] Website: www.financialombudsman.ie

Office of the Pensions Ombudsman

36 Upper Mount Street,Dublin 2.Tel: (01) 647 1650 Fax: (01) 676 9577 E-mail: [email protected]: www.pensionsombudsman.ie

The Pensions Board

Verschoyle House28/30 Lower Mount StreetDublin 2.Tel: (01) 613 1800Fax: (01) 631 8602E-mail: [email protected]: www.pensionsboard.ie

Full details of the remit of the Financial Services Ombudsman’s Bureau, the office of the Pensions Ombudsman and the Pensions Board can be obtained directly from their respective offices.

For further fund and product information logon to www.writenow.ie.

WARNING: Past performance is not a reliable guide to future performance.

WARNING: The value of your investment may go down as well as up.

WARNING: This product may be affected by changes in currency exchange rates.

WARNING: Withdrawals and switches from funds investing directly or indirectly in property may be deferred for up to 6 months.

WARNING: Withdrawals and switches from all other funds may be deferred for up to 3 months.


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21.1

9.09

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Hibernian Aviva Life & Pensions Limited. A private company limited by shares.

Registered in Ireland No. 252737 Registered Office One Park Place, Hatch Street, Dublin 2.

Member of the Irish Insurance Federation. Hibernian Aviva Life & Pensions Limited is regulated by the Financial Regulator.

Hibernian Aviva Life & Pensions Limited is a subsidiary of Hibernian Aviva Life Holdings Limited,

a joint venture company between Hibernian Aviva Group plc and Allied Irish Banks, p.l.c.

Life & Pensions One Park Place, Hatch Street, Dublin 2. Phone (01) 898 7000 Fax (01) 898 7329

www.HibernianAviva.ie

Telephone calls may be recorded for quality assurance purposes.

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