AIB scheme invests in toxic debt SPV

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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 ...

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