ESB, Bord Na Mona, Coillte, Irish Water, EirGrid and Bord Gais ....these companies are advising investment and simultaneous getting government investment from our pensions reserve fund...called NewEra
http://nprf.ie/.../2013/NTMAAmendmentBillTechnicalNote.pdf The National Pensions Reserve fund will become the Ireland Strategic Investment Fund, facilitating a
redeployment of National Pensions Reserve Fund resources on a commercial basis to areas of
productive investment in the Irish economy in order to support economic activity and employment.
This means that NPRF money invested in the discretionary portfolio, which is valued at €6.4 billion,
will now become available to invest in Ireland as suitable investment opportunities arise and are
developed.
There will be a shift from the current focus of prefunding social welfare and public service pensions to
making commercial investment to support economic activity and employment. While the need for the
State to provide for social welfare and public service pensions obligations had not abated, fostering
economic activity and employment is currently a greater priority and this will in turn put the State in a
better position to meet its pensions obligations in the longer term.
The Ireland Strategic Investment Fund will move away from a strategy of investing in listed stocks and
bonds to investing in Ireland, building on the commitments made by the NPRF to date in the areas of
Irish infrastructure and SME financing. The fund will seek to leverage its resources and impact by
investing on commercial terms and seeking to attract private sector coâinvestment.
The Fund’s investment strategy will be consistent with Government’s policy objectives. The NTMA will
be responsible for the management of the Ireland Strategic Investment Fund and an Investment
Committee will be established that will have discretion to make investment and disposal decisions.
anne flynn
Posted on 19 May 2014 12:32 am
ESB, Bord Na Mona, Coillte, Irish Water, EirGrid and Bord Gais ....these companies are advising investment and simultaneous getting government investment from our pensions reserve fund...called NewEra
http://nprf.ie/.../2013/NTMAAmendmentBillTechnicalNote.pdf The National Pensions Reserve fund will become the Ireland Strategic Investment Fund, facilitating a
redeployment of National Pensions Reserve Fund resources on a commercial basis to areas of
productive investment in the Irish economy in order to support economic activity and employment.
This means that NPRF money invested in the discretionary portfolio, which is valued at €6.4 billion,
will now become available to invest in Ireland as suitable investment opportunities arise and are
developed.
There will be a shift from the current focus of prefunding social welfare and public service pensions to
making commercial investment to support economic activity and employment. While the need for the
State to provide for social welfare and public service pensions obligations had not abated, fostering
economic activity and employment is currently a greater priority and this will in turn put the State in a
better position to meet its pensions obligations in the longer term.
The Ireland Strategic Investment Fund will move away from a strategy of investing in listed stocks and
bonds to investing in Ireland, building on the commitments made by the NPRF to date in the areas of
Irish infrastructure and SME financing. The fund will seek to leverage its resources and impact by
investing on commercial terms and seeking to attract private sector coâinvestment.
The Fund’s investment strategy will be consistent with Government’s policy objectives. The NTMA will
be responsible for the management of the Ireland Strategic Investment Fund and an Investment
Committee will be established that will have discretion to make investment and disposal decisions.