A straightforward range of funds
Navigator Savings Plan gives you access to Irish Life’s range of Multi Asset Portfolio Funds which range from lower risk to higher risk to suit different attitudes to risk.
These funds are invested in a wide range of assets such as cash, property, shares and bonds.
Each Multi Asset Portfolio Fund uses the Dynamic Share to Cash (DSC) model. The DSC aims to reduce the amount invested in shares when it identifies greater potential for stock market falls. For more information on the Multi Asset Portfolio Funds, please visit www.irishlife.ie. We explain clearly each of the Navigator Savings Plan funds on pages 18 to 21 so you can easily decide which options would suit you best.
A selection of investment managers
We have partnered with a selection of fund managers to bring you this range of funds, including Irish Life Investment Managers (ILIM) and Setanta Asset Management. Irish Life Investment Managers currently look after over €40 billion (September 2015) of investments on behalf of private investors, leading Irish and international companies, and government institutions. Setanta Asset Management were founded in 1998 and currently manage in excess of €7 billion (December 2014) in assets for Great-West Lifeco Inc group of companies and other institutions. All the funds they manage follow a ‘value investment’ philosophy, which rejects the‘efficient markets’ theory. This means they believe that value does not equal price, and this inspires their investment team to search for the most attractively valued securities globally. They also believe that a company can only be a genuinely true value investment if it has financial strength. All fund managers with the exception of Irish Life Investment Managers and Setanta Asset Management who are both part of the Great-West Lifeco group of companies, are regarded as external managers. See page 36 for more information on external managers.
Benefits of regular saving
By saving in your Navigator Savings Plan, you will develop a habit of saving each month. You may see the benefits of saving regularly and the potential to watch your fund value grow! By saving regularly overtime, you can reduce some of the timing risks associated with one-off lump sum investments.
Your Navigator Savings Plan services
There’s no substitute for regularly reviewing your savings with your Ulster Bank Financial Planning Manager on a one-to-one basis. However, we want to make sure that you can keep up to date on your plan as often as you want, in the way that suits you best. We will send you full details of these services in your welcome pack when you start your plan.