Aviva to repay 80,000 property investors

on 23/10/2012 09:52:48

Some 80,000 property fund investors are to be repaid €25m by Aviva.

The investment giant is shelling out compensation to its policy holders after a property fund it set up made substantial losses.

It is the first time a property fund in Ireland has had to make such a move and paves the way for other such companies to be forced to refund customers.