Friday May 29, 2020

Pension board raises concerns over plans for airport fund

The assets of the crisis hit airport pension fund may be put into a new investment structure that includes riskier southern European bonds, €300 million in credit default swaps and a €115 million bond repo, the trustees of the scheme have proposed.

17th November, 2013

The assets of the crisis hit airport pension fund may be put into a new investment structure that includes riskier southern European bonds, €300 million in credit default swaps and €115 million bond repo, the trustees of the scheme have proposed.

Pensions Board chief executive Brendan Kennedy has written to the trustees raising serious concerns about the proposal, which the trustees have said may be the only alternative to winding up the pension fund, which...

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