Quinn Life-Direct is making a new investment fund available to both new and existing investment and pensions plan customers. The Quinn Irish Equity Fund tracks the performance of the top 20 companies in the Irish Stock Exchange.

The fund accepts lump-sum investments of £2,000 or minimum monthly investments of £40. Lump-sum investors are charged transaction fees of £3, while annual fund customers are charged £10 per transaction.

The management fee is 1.35 per cent per annum for investment plan customers and 1.5 for pension-plan holders. There are no bid/offer spreads, exit or upfront charges.