AROUND 80,000 customers of investment giant Aviva will be refunded up to €100,000 after a property fund it set up made huge losses.

It is the first time a property fund in this country has had to make mass compensation payments to policy holders. It raises the prospect of other investment companies being forced to refund customers.

Payments, expected to be issued in December and totalling around €25m, will range from €5 to €100,000.

If you would like further information on this please contact the Dooley Insurance Group in Naas today.