Pensions must resist short-term temptations

Low yields on conventional Irish government bonds mean that pension funds should be cautious of plunging into sovereign annuities, writes David Kingston.

20th January, 2013

For a considerable time, Irish pension funds looked for sovereign annuities to be made available to help manage their increasing liabilities. So the decision last August by the National Treasury Management Agency (NTMA) to sell €1 billion of amortising bonds to back sovereign annuities understandably received an enthusiastic response from the pensions industry.

In the past week, it has emerged that Irish Life completed the first sale of a sovereign annuity as part of a...

Subscribe from just €1 for the first month!

Exclusive offers:

All Digital Access + eReader



Unlimited Access for 1 Month

Get basic

*New subscribers only

You can cancel any time.



€149 For the 1st Year

Unlimited Access for 1 Year

You can cancel any time.




90 Day Pass

You can cancel any time.

2 Yearly



Unlimited Access for 2 Years

You can cancel any time.

Team Pass

Get a Business Account for you and your team

Share this post

Related Stories

The year in review

Legacy Richie Oakley 1 year ago

Newsround: What Thursday’s papers say

Legacy Leanna Byrne 5 years ago

More cycle routes, expansion of Luas to Bray and new bus network proposed

Legacy Digital Desk 5 years ago