AIB scheme invests in toxic debt SPV

clock

IRELAND - Allied Irish Banks (AIB) has invested €12m ($16m) of pension scheme assets into a special purpose vehicle set up to recover toxic debt.

In a filling to the National Pensions Reserve Fund Commission, AIB said of the €17m invested in the National Asset Management Agency (NAMA) SPV, €12m has been taken from the AIB staff pension fund ...

To continue reading this article...

Join Professional Pensions

  • Unlimited access to real-time news, analysis and opinion from the industry
  • Receive our in-depth monthly magazine in either print or digital format
  • Access our Sustainable Investment Hub covering news and opinion from thought leaders in the ESG space
  • Receive important and breaking news stories selected by the Editors in our daily newsletter
  • Hear from industry experts and other forward-thinking leaders
  • Receive a monthly members-only newsletter with exclusive opinion pieces from leading industry experts and a feature from the magazine in advance of its release date

Join now

 

Already a Professional Pensions
member?

Login

More on Investment

Tribunal issues property remediation order against Railpen-owned Grey GR

Tribunal issues property remediation order against Railpen-owned Grey GR

No fault ‘reassurance’ order will ensure cladding remediation works are completed

Jonathan Stapleton
clock 10 May 2024 • 5 min read
 Stories of the week: Just Group; Pi Partnership; Standard Life

Stories of the week: Just Group; Pi Partnership; Standard Life

Just Group surpasses 400 bulk annuity transactions; Pi Partnership buys Align Pensions; Standard Life master trust provider for Siemens

Sarka Halas
clock 10 May 2024 • 1 min read
 Stories of the week: Gill Furniss resigns; PSIG consults; WTW on contributions

Stories of the week: Gill Furniss resigns; PSIG consults; WTW on contributions

Gill Furniss resigns; PSIG launches consultation; WTW says enrol workers at maximum contribution levels

Professional Pensions
clock 03 May 2024 • 1 min read
Trustpilot