IPE's Ireland Coverage – Page 21
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News
Irish DB trustees handed funding deadline reprieve
IRELAND – Trustees of defined benefit (DB) schemes have been given an extra five months to file funding proposals and applications to reduce benefits to enable them to take into account recent regulatory changes including the ability to raise retirement ages with immediate effect.
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News
Bank of Ireland changes may cut deficit by 50%
IRELAND – The Bank of Ireland has proposed changes to its defined benefit (DB) scheme that it claims could halve the €1.6bn accounting deficit in the scheme.
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News
Irish managed funds edge towards 6% in Q1
IRELAND - Irish managed pension funds returned an average of 5.8% in March, to produce an overall first quarter return of 5.9% on investments.
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News
NPRF may have to further subsidise AIB
IRELAND – The National Pension Reserve Fund (NPRF) may have to invest further capital into Allied Irish Bank (AIB) in the form of ordinary equity shares, the minister of finance has confirmed.
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News
Irish roundup: IBOA and Ulster Bank, Garda pension levy
IRELAND – The Irish Bank Officials Association (IBOA) is planning to take its fight against Ulster Bank’s decision to change pension accrual rates to further arbitration, following a breakdown in the mediation process.
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News
Irish funds recover January losses
IRELAND – Irish managed pension funds posted a return of around 1.4% in February, pulling back from a 1.1% loss the previous month, research from consultancy firms has revealed.
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News
AIB members accept changes to DB scheme
IRELAND/UK – IBOA, the finance trade union, said members working for AIB Group have voted to accept the proposed changes to the defined benefit (DB) and hybrid pension schemes, following a formal ballot.
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Country Report
Ireland: A long game in pensions
Christine Senior assesses the roller-coaster of Irish pensions legislation and regulation
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Country Report
Ireland: New model vital
Irish pension schemes must find new strategies to cope with effects of ageing population, says Conor Daly
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Country Report
Ireland: At a crossroads
Jerry Moriarty, director of policy at the Irish Association of Pension Funds, assesses the country’s pension challenges
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Country Report
Ireland: Short private pensions reprieve
Stephen Lalor and Amanda James on radical changes to public and private sector pensions
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Country Report
Ireland: More rivers to cross
Philip Shier of Hewitt Associates looks ahead to another difficult year for Irish pension funds
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Country Report
Ireland: Strategic and tactical
Nyree Stewart assesses the National Pension Reserve Fund’s strategic deployment to recapitalise two domestic banks, and its move towards more dynamic decision making
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Country Report
Ireland: On the road to diversity
The pummelling suffered by Irish pension funds in the recent financial crisis is encouraging them to review their investment risk strategies, writes Nina Röhrbein
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Country Report
Ireland: Subtle changes needed
The managed fund sector recovered some of its disastrous 2008 losses over the course of last year. Nina Röhrbein assesses the state of play
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News
Irish Ombudsman sees leap in fund value complaints
[16:45 CET 26-01] IRELAND – Complaints to the Pensions Ombudsman about pension fund values increased by 71% from 2008, and many of these were related to investor concerns about fund values.
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News
Bank of Ireland reviews DB scheme over €1.5bn deficit
[16:15 CET 22-01] IRELAND – The Bank of Ireland (BOI) – one of two banks benefiting from the recapitalisation by the National Pension Reserve Fund (NPRF) - has confirmed it is in the early stages of a review of its defined benefit (DB) pension scheme.
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News
Irish gov't gets final say on exclusion from PIPS
[16:50 CET 19-01] IRELAND – Pension schemes, businesses and employers that have "wilfully contributed" to a pension scheme deficit or insolvency could see the pension fund excluded from the new Pension Insolvency Payment Scheme (PIPS).
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News
Bank recapitalisation assets hold back Irish state fund returns
[16:50 CET 07-01] IRELAND – The National Pension Reserve Fund grew by almost 11.6% in the final quarter to €22.3bn, preliminary end of year figures from the National Management Treasury Agency (NTMA) have revealed.
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News
Irish managed funds rebound 20% in 2009
[16:35 CET 05-01] IRELAND – Irish managed pension funds clawed back some of the losses suffered in 2008 and produced a return of more than 20% in 2009, according to figures from consulting firms.