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!

Currency

What's Included

With any subscription you will have access to

  • 971569B3-2C5E-4C45-B798-CEADE16987A8

    Unlimited multi-device access to our iPad, iPhone and Android Apps

  • 099C8662-C57C-42F2-9426-F2F90DF17C8F

    Unlimited access to our eReader library

  • 198AE43B-B9CF-4892-8769-D63C2104BA08

    Exclusive daily insight and opinion seven days a week

  • D8F37B78-25E4-4E4A-A376-4F5789B1564A

    Create alerts to never miss a subject that matters to you

  • B15F2521-37CD-4E02-B898-730A20D39F7F

    Get access to exclusive offers for subscribers on gifts and experiences

  • A564FE02-1AB8-4579-AF9D-BA32A2E5ACA7

    Get content from Business Post, Business Post Magazines, Connected, Tatler and Food & Wine

Share this post

Related Stories

The year in review

Newsround: What Thursday’s papers say