Hibernian Life & Pensions PRSA The following are details of Hibernian's Standard PRSA product.  Hibernian also market a Non-Standard PRSA.  Charges 5% of each contribution, and 1% of the fund annually.  Fund Choices Focused Managed Fund - The Focused Managed Fund bases all investment decisions on what Hibernian believe to be appropriate to your needs in the long or short run-up to retirement.  The fund invests in a variety of assets but alters the mix of the assets as you move towards retirement.  If you have a long time to retirement, Hibernian invest in higher risk assets, but as you get closer to retirement, the focus shifts to lower risk and growth consolidation.  Equity Fund - Equioties have consistently provided the highest long-term investment returns, compared to other assets.  As the returns from individual markets can be volatile, the Hibernian Equity Fund seeks to reduce investment risk by spreading it's holdings over a range of equity markets, including Ireland. The mix of assets is determined by Hibernian Investment Managers and will vary according to their views as to the prospects for each market / region.  The fund can, in times of uncertainty, hold a portion of it's assets in cash.  Foreign exchange movements can influence the returns achieved on overseas assets.  Irish Property Fund - The Hibernian Irish Property Fund invests in a selection of commercial properties in Ireland.  The mix of the fund is based on the relative prospects and valuation of each of the main sectors of the property market - offices, shops and industrial units.  No residential or agricultural investments are made.  A portion of the fund's assets may be held on deposit awaiting suitable investment opportunities.  Bond Fund - The Hibernian Bond Fund invests predominantly in Irish government fixed interest bonds, but will also hold overseas government bonds when their yields offer the prospect of higher relative returns.  Bonds are primarily influenced by interest rate movements and forecasts of inflation and offer attractive income returns with the potential for capital gains. Cash Fund - The Hibernian Cash Fund is a secure, no risk fund which is guaranteed not to decline in value.  The fund holds monies on deposit with large, secure financial organisations and the returns achieved will reflect prevailing short-term interest rates.  Default Investment Strategy For those not wishing to choose their own funds, the Default Investment Strategy is to invest in the Focused Managed Fund (see above). What Do I Do Next? If you want further information or want to open a PRSA, click here.