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Sovereign Wealth Funds Briefing - Categorized | Fund Profile/New Launches

The National Pensions Reserve Fund: An obituary

Posted on 30 November 2010

From Irishtimes.com: The National Pensions Reserve Fund (NPRF), which has died aged nine from infanticide caused by multiple stab wounds, was born under the premise that it would prepare the Irish State for a pensions “time-bomb” due to explode in the decades ahead as Ireland’s population ages inexorably into an impoverished abyss.
It was the best of what would prove to be a series of generally good times for its creator, then Minister for Finance Charlie McCreevy, who legislated that at least 1 per cent of gross national product would be committed to its coffers each year, on top of the proceeds from the flotation of the much-loved Eircom……………………………………….Full Article: Source

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