Ireland: Pensions and Investment News and Analysis
With a well established traditional DB pension system and the growth of DC, Ireland’s problem has been twofold: expanding occupational pension coverage and consolidating funds in the DC sector. Consolidation has been relatively easy and has been pursued by regulatory pressure. Some 12 DC master trusts now manage over €20bn, equivalent to almost half of occupational pension assets and the industry expects further mergers. The main policy to increase pension coverage is auto-enrolment but despite a clear policy direction the timetable continues to slip.
Pension Funds in Ireland - Country Report
Ireland country report 2025: Post-election – is auto-enrolment coming?
After successive delays, the country’s new auto-enrolment retirement system is finally set to get off the ground this year
TOP IRISH PENSION FUNDS 2024
Pension fund/entity | Assets (€’000)
- Bank of Ireland Group | 7,096,000
- Allied Irish Banks (AIB) | 5,690,000
- ESB DB Pension Fund | 5,122,000
- Eircom Pension Funds | 3,874,000
- An Post | 3,416,250
©IPE Research; View the Top 1000 European Pensions Funds 2024 for a comprehensive market overview
Irish Pensions Authority flags governance gaps in 2024 supervisory review
The Authority conducted compliance audits across various pension funds focusing on adherence to regulatory standards and the effectiveness of internal controls
Ireland's auto-enrolment system to launch as ‘My Future Fund’
Tata Consultancy Services signs contract as the service provider, while National Automatic Enrolment Retirement Savings Authority (NAERSA) is established
Fondaereo picks Ireland to set up cross-border scheme
The plan to become a cross-border scheme runs in parallel with a review of the scheme’s investment policies for its new sub-funds ‘Equilibrio’ and ‘Crescita’
Cost Transparency Standard for pension schemes launches in Ireland
It will enable trustees to better understand the investment costs they pay and to benchmark these costs against their peers
Ireland president to enact auto-enrolment bill as it passes Dáil
Tata Consultancy Services is selected as ‘preferred bidder’ for administrator
TOP MANAGERS: IRISH INSTITUTIONAL ASSETS
Company | Assets (€m)
- Irish Life Investment Managers | 61,032
- Legal & General Investment Management | 30,197*
- Mercer | 26,022**
- Insight Investment | 25,118
- State Street Global Advisors | 25,078
- AXA Investment Managers | 20,912
- Aviva Investors | 16,727
- BlackRock | 11,946
- Setanta Asset Management | 10,239
- Morgan Stanley Investment Management | 9,132
As at 30.9.23, *30.6.23, **31.12.23
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IPE BEST PENSION FUND IN IRELAND AWARD WINNERS
- 2023 - Irish Life EMPOWER Master Trust
- 2022 - Accenture Defined Contribution Pension Plan
- 2021 - Accenture Defined Contribution Pension Plan
- 2020 - Construction Workers Pension Scheme
- 2019 - Accenture Defined Contribution Pension Plan
Irish pensions auto-enrolment is a worthy challenge
Irish citizens are set to get a retirement boost following the government’s decision to implement its auto-enrolment retirement savings scheme in 2024. That is, if all goes to plan. Under the proposed scheme, which has been a topic of debate in Irish politics for at least 15 years, employees will have access to a workplace pension savings scheme that is co-funded by their employer and the state.
Irish Pensions Authority flags governance gaps in 2024 supervisory review
The Authority conducted compliance audits across various pension funds focusing on adherence to regulatory standards and the effectiveness of internal controls
Ireland country report 2025: Post-election – is auto-enrolment coming?
After successive delays, the country’s new auto-enrolment retirement system is finally set to get off the ground this year
Ireland gears up to future-proof pensions
Getting the country’s new auto-enrolment system up and running is a major priority to meet the needs of an expanding workforce
IPE institutional market survey: Managers of Irish institutional assets 2025
IPE’s latest survey of Ireland’s institutional asset management market covers €294.9bn in total assets managed by 23 domestic and global managers for Irish institutional clients, with €108.9bn invested by pension funds.
Ireland's auto-enrolment system to launch as ‘My Future Fund’
Tata Consultancy Services signs contract as the service provider, while National Automatic Enrolment Retirement Savings Authority (NAERSA) is established
Ireland: Auto-enrolment slips to vaguer deadline
With a general election looming, there are concerns that workplace pensions will not be a priority
Fondaereo picks Ireland to set up cross-border scheme
The plan to become a cross-border scheme runs in parallel with a review of the scheme’s investment policies for its new sub-funds ‘Equilibrio’ and ‘Crescita’
Cost Transparency Standard for pension schemes launches in Ireland
It will enable trustees to better understand the investment costs they pay and to benchmark these costs against their peers
Ireland president to enact auto-enrolment bill as it passes Dáil
Tata Consultancy Services is selected as ‘preferred bidder’ for administrator
Ireland’s master trust market balloons to €22bn
The growth followed the implementation of IORP II
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