Sovereign Annuities/Bonds Breakfast briefing
11 January 2011 8:00
Herbert Park Hotel
Ballsbridge
Dublin 4
Ireland
The Government has recently announced that it will facilitate the introduction of Sovereign Annuities.
The National Treasury Management Agency (NTMA) will issue bonds which will assist with the creation of 'sovereign annuities'. The bonds and annuities will then be available for purchase by pension scheme trustees and other investors. The Statutory Minimum Funding Standard will be changed to allow schemes which invest in Sovereign Bonds or the new Sovereign Annuities to reflect these holdings in the valuation of their liabilities.
These are very significant developments which will need to be considered carefully by those involved in the management of defined benefit schemes. The implications of investing in Sovereign Bonds and the associated annuities need to be examined from both a funding and investment strategy perspective. In many cases fundamental changes will be made to the operation pension schemes.
This breakfast briefing will explain how these new sovereign bonds and annuities will work and the issues that employers and trustees will need to consider as they review their schemes.
Anthony Linehan from the NTMA will be the guest speaker.