Dáil Éireann - Volume 545 - 27 November, 2001
Written Answers. - National Pensions Reserve Fund.
Dr. Upton Dr. Upton
173. Dr. Upton asked the Minister for Finance the money set aside to the national pensions reserve fund; the amount of profit which has been made on investment of this money; and if he will make a statement on the matter. [29628/01]
Mr. McCreevy Mr. McCreevy
Minister for Finance (Mr. McCreevy): I am advised by the National Treasury Management Agency, in its capacity as manager of the national pensions reserve fund, that the current balance in the fund is some 7,687 million – £6,054 million. The following table sets out the constituent parts of this total.
The interest earned so far has been through the placing of moneys on deposit. This was an interim investment strategy pending the development and implementation of the National Pensions Reserve Fund Commission's investment strategy. The commission is currently in the process of arranging to outsource the management of much of the fund by appointing institutional investment managers. A total of 80% of the fund's assets are to be allocated to a diversified portfolio of international equities, and 20% to a diversified portfolio of international bonds.
Dáil Éireann 545 Written Answers. National Pensions Reserve Fund.