Hibernian Life & Pensions today announced in a statement that it had added three new funds to the AIB pension product range. They are the UK Property Fund, the High Yield Fund and the Target 20 Fund.

The new funds are being added to AIB’s Personal Pension Plan, Executive Pension Plan and Approved Retirement Fund.

The UK Property Fund invests primarily into a portfolio of UK commercial properties and shares in UK company properties.

The High Yield Equity Fund, however, invests in the shares of around 40 companies that are paying significant and sustainable dividends.

The Target 20 Fund is made up of 20 shares chosen by the managers from their preferred themes and industries.

Gareth McQuillan, product development and marketing director of Hibernian Life & Pensions said in a statement: “The addition of these funds to the AIB product range is a further step in the integration of the Hibernian Life & Pensions and Ark businesses. We are very satisfied with the progress made in the integration process to date and look forward to delivering more investment funds to the AIB range in the future.”