National Pensions Reserve Fund

nationalpensionsreservefund 300x43 National Pensions Reserve Fund

Ireland US$ 30 Billion
Established: 2001
Transparency Rating: 10		 Origin: Non-Commodity
Firm Investment Style: Mixed
Entity Structure: Fund

 

Summary:
Established by a law in April 2001 to partly fund future pension liabilities. Its objective is to meet as much as possible of the costs of social welfare and public service pensions from 2025 onwards when these costs are projected to increase dramatically due to the ageing of the population. The Government of Ireland will set aside 1% of GNP each year to fund this vehicle. 		Strategy & Objectives:
The fund invests mostly in bonds and equities, utilizing external managers. The fund also invests in private equity and in real estate.

Governance:
The National Pensions Reserve Fund Commission comprises seven members appointed by the Minister for Finance. The Commission performs its functions through the National Treasury Management Agency, which is the Manager of the Fund.