The imminence of the festive season has not stopped the veritable flood of new tracker bonds.

Three companies have brought out new trackers: Bank of Ireland Investment Managers, Scottish Provident and Irish Life. However the Irish Life product is unique in Ireland, in that it is a Pension Tracker.

For someone approaching retirement in four or six years time, it offers an opportunity to enjoy exposure to a basket of international stock market indices, but without any risk to capital.