IAPF Yearbook 2018 Going further together to broaden your investment opportunities. T With the acquisition of Pioneer Investments, Amundi provides you with an enhanced offering all around the world – including active, passive, and alternative strategies as well as real assets investments and a large range of tools and services. Our goal is to fi nd out what best suits your needs. Because that’s what you expect from a trusted partner. Let’s go further together.
amundi.com For professional investors only. Not intended for retail investors or for citizens or residents of the United States of America or any “U.S. Persons” as defi ned in the U.S. Securities Act of 1933. This material is not of a regulatory nature and does not constitute a recommendation, advice or an o er or invitation to purchase or sell any fund. The value of all investments can go down as well as up and investors could get back less than they originally invested. Pioneer Investment Management Limited, a member of the Amundi group, and Pioneer Global Investments Limited, a member of the Amundi group, are authorised and regulated by the Central Bank of Ireland. August 2017. |
CM_IRLANDE_PAN_EUROPE_Pommes_210x210+3.indd 1 29/08/2017 18:07 IAPF Yearbook 2018
Irish Association of Pension Funds Suite 2, Slane House, 25 Lower Mount Street, Dublin, D02 V029, Ireland +353 1 6612427 [email protected] www.iapf.ie @IAPF_info The IAPF 5 CONTENTS Chairperson’s Message 6 Mission and Goals 12 Council 14 Office 16 Past Chairpersons 18 Structure 20 Committees 20 Benefits Committee 22 Regulatory & Administration Working Group 24 Investment Committee 26 DC Committee 28 Large Funds Forum 30 Regional – Southern Branch 32
IAPF Member Services 35 Member Services 36 Benefits of Membership 37 Representation 38 Communication 40 Research, Submissions and Surveys 42 Events 44 Pensions Quality Standard 50
Membership Directory 53 IAPF Full Membership Directory 53 IAPF Membership Index 152
Advertisers Index 161 ISN’T IT TIME WE CHANGED THAT? Irish Life EMPOWER is a new approach to company pensions that helps change the way your employees think about their future.
To see how Irish Life could help empower your employees: Arrange a demo at IrishLifeEMPOWER.ie Call us on 01 704 1845 Talk to your pension consultant
We know Irish life. We are Irish Life.
All information sourced for Irish Life, June 2015. In the interest of customer service we may record and monitor calls.
Irish Life Assurance plc is regulated by the Central Bank of Ireland. IAPF YEARBOOK 6083cb 2018 (NPI 38-17)
6083 (NPI 8-17) EMPOWER Press Ad Resize (210x210) Option B.indd 1 19/09/2017 16:35 4 IAPF YEARBOOK 2018 Section 1 THE IAPF
IAPF YEARBOOK 2018 5 CHAIRPERSON’S MESSAGE
CHAIRPERSON’S MESSAGE
PETER FAHY At the end of 2016 we, together with the Society of Actuaries CHAIRPERSON in Ireland, wrote to the Minister for Social Protection and the Pensions Authority with some suggestions on the INTRODUCTION operation of the Funding Standard and Funding Proposals. We subsequently met with the Department and the Welcome to the 21st edition of Authority to discuss these proposals in greater detail. Our the IAPF Yearbook. We believe it intention was to prevent the wind-up of schemes that might is an essential reference guide for be viable on a longer-term basis. all those involved in pensions in Ireland and we hope you find it The Government subsequently signalled its intention useful during 2018. to introduce legislation which would prevent solvent employers from ceasing contributions to a DB scheme The IAPF is very much a membership organisation and our without ensuring the scheme is funded to the regulatory objective is to ensure the IAPF can help pension schemes Funding Standard level. At the time of writing, we are to navigate the current pension landscape. There continues awaiting amendments to the Social Protection, Pensions to be a growing number of issues that exercise the minds of and Civil Registration Bill which will contain the detail of trustees, employers and members of schemes. this proposed legislation. We welcome this development DEFINED BENEFIT as we have, since the financial crisis, advocated for some minimum level of protection for defined benefit pension The Defined Benefit space remains very challenging. scheme members. The prolonged period of very low yields resulting in low discount rates has led to very high valuations on the liability We also hope that such legislation can facilitate reform of side, although there has been some easing of this in 2017. the more negative aspects of the current Funding Standard. Many schemes have set out to de-risk over the course of the last few years, but negligible or negative bond yields have made the cost of doing so prohibitively expensive.
6 IAPF YEARBOOK 2018 TAILOR-MADE INVESTMENT SOLUTIONS At Irish Life Investment Managers (ILIM), we understand that a Our flexible approach to pensions and investments allows us to work with one-size-fits-all strategy does not work. Blending leading edge investment our clients to engineer bespoke solutions which will suit their individual risk strategies and expert engagement, we ensure that the needs of each client are and return profiles. It is this approach, with over €66 billion* in assets under fully matched. That’s why 8 of the 10 biggest Irish quoted companies choose management that has made us a leading fund manager. Irish Life to manage their pension funds.
*As at 30th September 2017. Investments may fall as well as rise.
To find out how we can help you, please contact: Eunice Dreelan, Director – Investment Development +353 1 704 2414 For more information see www.ilim.com
Irish Life Investment Managers Limited is regulated by the Central Bank of Ireland. Irish Life Assurance plc is regulated by the Central Bank of Ireland. IAPF YEARBOOK 2018 7 Irish Life Investment Managers and Irish Life is part of the Great-West Lifeco group of companies PENSIONS • INVESTMENTS • LIFE INSURANCE
ILA 9994 (REV 10-17) 210x210.indd 1 17/10/2017 07:42 CHAIRPERSON’S MESSAGE The knowledge to benefit your business Pension lawyers you can rely on DEFINED CONTRIBUTION REFORM & SIMPLIFICATION We continue to focus a lot of time on Defined Contribution It has been disappointing that there has been little progress issues. Our DC Committee has a particular focus on in this area in 2017. We still await detail of how an auto- At Eversheds Sutherland we take pension issues Sources remark that Peter Fahy is “client- off your hands and resolve them. Trust our team focused” and has an “extremely high level communications, and, specifically, how to manage member enrolment system might work. We believe it is needed to to provide the right advice in areas such as: of technical knowledge.” expectations. We will continue to highlight the adequacy increase pensions coverage, but that it also has to address – scheme governance – benefit restructuring issues prevalent in current DC savings and promote our the issue of pensions adequacy. It should enhance current Clients highlight Ian Devlin’s “availability Pensions Quality Standard for DC schemes. During 2017 good provision and not detract from it. It is also very – compliance – mergers and wind and pensions knowledge” as particular our DC Committee has been meeting with schemes and DC important that it is introduced in a way that simplifies – documentation ups assets and also describe him as “easy to providers in order to evaluate the areas in which we should rather than adds additional layers of complexity to the – funding – dispute resolution work with and quick to respond.” concentrate our research and analysis. One of the areas we existing system. It is clear that the current system needs a – investment – trustee training. Consultant Fiona Thornton “has a huge have been focusing on is the point of retirement and the radical overhaul. We should have simplified structures with understanding of the cogs and machinery duties trustees and employers have (or should have) to assist common tax rules applicable to them. This is an absolute For more information on how our pensions behind the pensions industry,” according members in making choices in how to access their benefits. imperative before any further changes are introduced. team can help you, please contact: to one client, who goes on to describe her We expect to do detailed research in this area in 2018. Peter Fahy as an “extremely solution-oriented, very EUROPE efficient and productive lawyer.” We also intend to bring forward guidance for both DC Head of Pensions +353 1 6644 206 and DB trustees on the new data protection regime which Our Chief Executive, Jerry Moriarty, continues to play a key [email protected] will come into force next May, under the General Data role representing the IAPF in PensionsEurope, the umbrella body for European Pension Associations. PensionsEurope is Protection Regulation (GDPR). Ian Devlin doing very important work in shaping the EU policy agenda Partner and addressing potential threats to the funded pension +353 1 6644 219 sector in Europe. [email protected]
It is important to understand that there are a number Fiona Thornton of policy making bodies in Europe that do not have the Consultant interests of funded occupational pension schemes at heart, +353 1 6644 326 and at the same time there are potentially positive new [email protected] developments in Europe, such as the proposed new Pan European Personal Pension product, which need the input of a body such as PensionsEurope to be made workable in practice.
PensionsEurope played a huge role, along with other key players such as Brian Hayes, MEP, in reshaping the IORPs II Directive to remove some of its more dangerous and impractical original elements, such as proposed Europe eversheds-sutherland.ie
8 IAPF YEARBOOK 2018
EDUB.1331 Pensions IAPF Yearbook Advert 2018 v2.indd 1 26/09/2017 18:02 CHAIRPERSON’S MESSAGE The knowledge to benefit your business Pension lawyers you can rely on
At Eversheds Sutherland we take pension issues Sources remark that Peter Fahy is “client- off your hands and resolve them. Trust our team focused” and has an “extremely high level to provide the right advice in areas such as: of technical knowledge.” – scheme governance – benefit restructuring Clients highlight Ian Devlin’s “availability – compliance – mergers and wind and pensions knowledge” as particular – documentation ups assets and also describe him as “easy to – funding – dispute resolution work with and quick to respond.” – investment – trustee training. Consultant Fiona Thornton “has a huge understanding of the cogs and machinery For more information on how our pensions behind the pensions industry,” according team can help you, please contact: to one client, who goes on to describe her Peter Fahy as an “extremely solution-oriented, very Head of Pensions efficient and productive lawyer.” +353 1 6644 206 [email protected]
Ian Devlin Partner +353 1 6644 219 [email protected]
Fiona Thornton Consultant +353 1 6644 326 [email protected]
eversheds-sutherland.ie
IAPF YEARBOOK 2018 9
EDUB.1331 Pensions IAPF Yearbook Advert 2018 v2.indd 1 26/09/2017 18:02 CHAIRPERSON’S MESSAGE wide solvency standards and unworkable member disclosure TRUSTEES requirements. I would like to acknowledge the hard work and diligence Currently PensionsEurope is working on a number of fronts, with which our member trustees apply themselves to including fighting to reduce the burden of the new reporting their roles. I want to reiterate the IAPF’s commitment to and stress testing requirements which EIOPA and the ECB supporting our members in their work, and to working for are proposing for pension schemes, and providing input improvements in the regulatory system to enable you fulfil into the proposed new requirements for pension schemes to your mandate. take account of environmental, social and governance (ESG) Finally, I would like to acknowledge the great work done, factors in making investment decisions. on a voluntary basis, by the members of Council and our These are all developments which will have a significant Committees. They give their time and expertise on behalf of downstream impact on Irish pension schemes, and the our members and work to ensure people in Ireland can have IAPF’s role within PensionsEurope is vital to ensure that pensions that are secure, fair and simple. the interests of Irish pension schemes are represented at a I would also like to acknowledge the work done by the staff European level. of the Association.
Make Your Scheme Stand Out
Apply Online Today www.iapf.ie/pqs IAPF MISSION AND GOALS STATEMENT
“Established in 1973, the SECURE FAIR IAPF is a non-profit, non- commercial organisation. Our members provide retirement security to over 260,000 employees, pay pensions to nearly 90,000 SIMPLE people, and are responsible for some €125.5 billion in retirement savings”
PURPOSE
The IAPF represents pension savers with the purpose of ensuring they can have pensions that are:
Secure, Fair and Simple
We provide our members with services that:
Educate, Represent and Inform
12 IAPF YEARBOOK 2018 EXPECT PENSIONS GROUP EXPERTISE
With Arthur Cox you can expect sound judgment and advice. You can expect in-depth sectoral expertise that will fi nd new solutions to secure your success. You can expect a total commitment to your business – a genuine partnership that gives you the confi dence to move forward and embrace new opportunities. With Arthur Cox you can always expect excellence.
To learn more, contact: PHILIP SMITH, PARTNER CATHERINE AUSTIN, PARTNER +353 1 920 1278 +353 1 920 1023
EXPECT DUBLIN • BELFAST • LONDON • NEW YORK • SILICON VALLEY www.arthurcox.com EXCELLENCE IAPF YEARBOOK 2018 13 IAPF COUNCIL
IAPF COUNCIL
IAPF Council comprises of 13 members who are all directors of the Association. Council generally meets once a month and it is tasked with developing Peter Fahy Colm Fortune Brian Buggy policy positions, the strategy of Chairperson Treasurer Secretary the Association and the oversight Partner Ex-Chair of Partner of operations and finance. Head of Pensions Trustee Group Head of the Eversheds Sutherland Microsoft Pensions Group Matheson
Alan Bigley Roz Briggs Eunice Dreelan Partner Senior Partner Director PwC Head of Mercer Cork Investment Development Mercer Irish Life Investment Managers
14 IAPF YEARBOOK 2018 IAPF COUNCIL
Jim Foley Peter Griffin John Griffith Amanda King Director Director Senior Vice President Pensions Manager Ireland Trustee Decisions Ltd Allied Pension Trustees Business Development & Kerry Group Client Services KBI Global Investors Ltd
Conor King Rickard Mills Ann Prendergast Consulting Actuary Trustee Head of State Street Willis Towers Watson Global Advisors Ireland State Street Global Advisors
IAPF YEARBOOK 2018 15 IAPF OFFICE
IAPF OFFICE
IAPF Suite 2 Slane House 25 Lower Mount Street Dublin Jerry Moriarty Lisa Downes D02 V029 Chief Executive Officer Design & ICT Officer Ireland [email protected] [email protected]
Telephone: + 353 1 6612427 Email: [email protected] Website: www.iapf.ie Join us: www.linkedin.com Follow us: @iapf_info
Deirdre Ross Amy Peat Kelley McMenamin Commercial Accounts & Events Director of Operations Manager Administrator Communications [email protected] [email protected] [email protected]
16 IAPF YEARBOOK 2018 IAPF OFFICE & STAFF
Creating a brighter tomorrow is at the heart of our business. CREATING We help you advance the Health, Wealth and Performance of A BRIGHTER your people. To find out more e-mail [email protected] TOMORROW or visit www.mercer.ie
Mercer (Ireland) Limited and Mercer Financial Services Limited, trading as Mercer, are regulated by the Central Bank of Ireland.
IAPF YEARBOOK 2018 17
Mercer IAPF Corporate Ad.indd 1 01/09/2017 00:10 PAST CHAIRS
PAST CHAIRPERSONS
The IAPF has 2015–2017 Jim Foley 1993–1995 Anne Maher maintained its prominent position 2013–2015 Rachael Ingle 1991–1993 Alan Broxson in the pensions’ community 2011–2013 Maurice Whyms 1989–1991 Patrick Gallagher with consistent leadership. We 2009–2011 Marie Collins 1987–1989 Eamonn P Heffernan thank them all for 2007–2009 Patrick Burke 1985–1987 Gerald F Colleary their contributions before, during and 2005–2007 Joe Byrne 1983–1985 Frank J Close after their tenure as Chairperson. 2003–2005 Gerry Ryan 1982–1983 Gerald P Langford
2001–2003 John Feely 1979–1982 Brian A Duncan
1999–2001 Tom Finlay 1976–1979 M Louis Slater (RIP)
1997–1999 Paul O’Faherty 1973–1976 John H Sedgwick (RIP)
1995–1997 Brian Aylward
18 IAPF YEARBOOK 2018 Matheson. The law firm of choice for internationally focused companies and financial institutions doing International Firm in the Americas business in and from Ireland. International Tax Review 2017 Winner, Seven Deals of the Year Brian Buggy and Deirdre Cummins lead a team of experienced Finance Dublin 2017 pensions and benefits lawyers advising on all areas of pension European Financial Services Tax Deal of the Year law. This includes the establishment of Revenue-approved pension International Tax Review 2017 schemes, employee benefit schemes, regulatory compliance and Number One Ranked Irish Funds Law Practice trustee issues, pension scheme reorganisations and wind-ups, and acting for 29% of Irish Domiciled Investment pensions-related litigation. Funds by AUM Monterey Insight Ireland Fund Survey 2016 Contact Brian Buggy, Partner, at [email protected], Matheson is ranked in the FT50 most Deirdre Cummins, Partner, at [email protected] innovative law firms in Europe or your usual contact at Matheson. Financial Times 2016
IAPF YEARBOOK 2018 19 Dublin London New York Palo Alto San Francisco www.matheson.com IAPF STRUCTURE
IAPF IAPF COUNCIL (PETER FAHY, CHAIRPERSON) STRUCTURE REPRESENTATION The IAPF is made up of a Council, PENSIONS EUROPE (JERRY MORIARTY, CEO) a number of Committees and Working Groups. These groups afford the IAPF their expertise and INVESTMENT BENEFITS DC FORUMS experience on a voluntary basis in (JOHN GRIFFITH) (PETER GRIFFIN) (COLM FORTUNE) order to feed into the policies and strategies of the association. REGULATORY & LARGE FUNDS ADMINISTRATION (TONY MURRAY) (TOM GILLIGAN)
IAPF OFFICE
The work of the IAPF relies Committee meetings generally IAPF heavily on the dedication and take place once a month, with commitment of our members Working Groups meeting as and COMMITTEES and their representatives who when important issues arise. voluntarily give up their time. The Committees and Working Groups are listed below:
AREA OF RESPONSIBILITY CHAIRPERSON PAGE
Benefits Committee Peter Griffin 22 Regulatory & Administration Working Group Tom Gilligan 24 Investment Committee John Griffith 26 DC Committee Colm Fortune 28 Large Funds Forum Tony Murray 30 Regional – Southern Branch John O’Callaghan 32
20 IAPF YEARBOOK 2018 IAPF COMMITTEES
Opening Doors in Ireland
Peggy Hughes We give clients a clear understanding of their options. This empowers them to Partner confidently make good, informed decisions. Head of Pensions +353 1 614 2458 We work collaboratively and openly, creating a shared perspective that builds trust, [email protected] allowing solutions be developed quickly. Our advice is grounded in wisdom gained by combined experience.
Stephen Gillick This approach is how we make a valuable and practical contribution to our clients’ Partner objectives. +353 1 614 2198 [email protected] To find out how we can help, visit MHC.ie/pensions
Dublin London New York San Francisco
IAPF YEARBOOK 2018 21
MHC IAPF Full Page advert - 2018 Yearbook (210 x 210).indd 1 29/09/2017 14:54:10 IAPF COMMITTEES
BENEFITS Objectives: COMMITTEE —— Policy issues: Helping the IAPF —— Practical issues: Providing to develop positions in relation practical information to IAPF to national pension issues such members covering issues such as pensions simplification, and as funding, governance and to communicate those issues on market trends. your behalf.
BENEFITS COMMITTEE MEMBERS TELEPHONE
Peter Griffin, Chair Allied Pension Trustees 01 2063010
Fiona Doherty Mercer 01 4118125 PETER GRIFFIN Independent Trustees Elma Fox 01 6148069 Limited Achievements 2017: Stephen Gillick Mason Hayes & Curran 01 6142198 “The Benefits Committee continued to provide on- David Main A&L Goodbody 01 6492602 going representation and analysis, substantiating the Peter McDonnell Willis Towers Watson 01 6396375 IAPF view on the Funding Standard and producing an Ross Mitchell elipsLife 085 1046036 analysis of the impact of the IORP II Directive.” Katherine Murphy Aon Hewitt 01 4189130
Brian Murray Joseph G Byrne & Sons 01 7642138
John O’Connell Trident Consulting 01 4853887
22 IAPF YEARBOOK 2018 PROFESSIONAL CERTIFICATE IN DC PENSION SCHEME TRUSTEESHIP (PTP)
Leading to the designation Pension Trustee Practitioner (PTP), this course will equip professional and lay Pension Trustees with the knowledge, competencies and skills required to carry out their roles effectively.
A specialist two-module course, the Professional Certificate DC Pension Scheme Trusteeship is quickly becoming a must have qualification to those with an interest in this area. www.lia.ie
“ I really enjoyed and learned from LIA’s PTP course. It focusses on the practical duties and responsibilities I need in my role as a Pension Scheme Trustee. I loved being able to study at a distance, from the comfort of my home/office and at times that suited me. I have been a Trustee of my work scheme for over 7 years and with my PTP qualification under my arm I can now confidently say that I know and understand my role and responsibilities”.
Liam Doab PTP, Kostal Ireland
Pat O’Sullivan Chief Executive, LIA
IAPF YEARBOOK 2018 23 IAPF COMMITTEES
REGULATORY & Objectives: ADMINISTRATION —— The Regulatory and and administrative issues Administration Working facing pension funds and WORKING GROUP Group assists the Benefits administrators. Committee and meets on an ad hoc basis to discuss regulatory developments
REGULATORY & ADMINISTRATION WORKING TELEPHONE GROUP MEMBERS
Tom Gilligan, Chair TG Consulting 087 2458938
TOM GILLIGAN Brian Buggy Matheson 01 2322239
Achievements 2017: Keith Burns Willis Towers Watson 01 6146803 “The Regulatory and Gary Colclough New Ireland/Bank of Ireland Life 01 6172347 Administration Working Group continued to address Ger Duggan Aon Hewitt 01 4705644 and resolve issues our members faced. In 2016, Joe Fitzpatrick Invesco 01 2947600 we commenced work on the draft ECB regulation on statistical reporting Frank Keating Aon Hewitt 021 4972628 requirements for pension funds and this work continued in 2017 with our response to the public consultation.”
24 IAPF YEARBOOK 2018 Providing Trustee Services for Irish Pension Schemes Our professional trustee services include: › Corporate Trusteeship › Chairman/Member › Member of the Trustee Board of Sub-Committees › Chairman of the Trustee Board › Governance reviews › Secretary to the Trustees › Trustee Training
To speak to a Trustee Keeping Representative, please contact: t: +353 1 407 4931 e: [email protected] things in w: www.trusteeprinciples.ie Trustee Principles Limited Elm Park, Merrion Road, tune Dublin 4 Trustee Principles Limited is part of the Willis Towers Watson Group.
TPL AD_10102015.indd 1 28/10/2015 17:14:03 A Standard of Performance
Rubrics Asset Management is an independent, specialist provider of global fixed income products. With a 13 year track record, our range of actively managed Irish UCITS funds aim to capture a variety of risk profiles and return generators in both developed and emerging markets.
To find out how you can join a growing number of select institutional, pension and private clients, just visit our website or contact us directly.
+44 (0) 207 186 9930 [email protected] www.rubricsam.com IAPF COMMITTEES
INVESTMENT Objectives: COMMITTEE —— To promote better standards —— To increase awareness of of investment governance investment matters as they among trustee groups – relate to retirement provision including preparation and and to pension funds and their publication of guidelines members. on investment matters.
INVESTMENT COMMITTEE MEMBERS TELEPHONE
John Griffith, Chair KBI Global Investors Ltd 01 4384456 JOHN GRIFFITH Paul Droop Bank of Ireland 076 6244734 Achievements 2017: Noel Friel ESB 01 7027886 “The Committee produced the comprehensive Pension Robert Hayden Mercer 01 6039816 Investment Survey and a series of “hot investment Craig Keane Aon Hewitt 01 4189130 topics” for trustees.” Paula McGauran An Post 01 7058088
Deirdre Muldowney Willis Towers Watson 01 6616448
Grainne Newman Mercer 01 6039725
Padraic Nolan Irish Life Investment Managers 01 8563939
John O’Donnell AIB 01 6411447
Liam Stack Aberdeen Standard Investments 01 6397654
26 IAPF YEARBOOK 2018 One of the most trusted names in pensions law
At A&L Goodbody our Pensions Group is consistently chosen by major pension schemes and leading domestic and international companies to advise on every aspect of occupational pension schemes and personal pension arrangements.
Our pensions specialists combine an expert understanding of pensions law with a practical and commercial approach to resolving issues.
For further information please contact:
David Main David Francis Partner Partner T: +353 1 649 2602 T: +353 1 649 2380 E: [email protected] E: [email protected]
IRISH LAW FIRM OF THE YEAR 2017
DUBLIN / BELFAST / LONDON / NEW YORK / SAN FRANCISCO / PALO ALTO www.algoodbody.com IAPF YEARBOOK 2018 27 IAPF COMMITTEES
DC COMMITTEE Objectives: —— Policy issues – helping the —— Practical issues – providing IAPF to develop positions in practical information to IAPF relation to DC issues and to members covering issues communicate those issues. around three key areas – communication, governance and investment.
DC COMMITTEE MEMBERS TELEPHONE
COLM FORTUNE Colm Fortune, Chair Microsoft 087 6183569
State Street Global John Campion 01 7763188 Achievements 2017: Advisors Ireland “The DC Committee Eleanor Cunningham McCann Fitzgerald 01 6071723 commenced a research project on DC retirement Ian Devlin Eversheds Sutherland 01 6644219 issues and a review of the PQS.” Paul Duignan ESB 01 7026211
New Ireland Assurance/ Brian Macdonald 01 6172760 Bank of Ireland Life
Tom McLoughlin New Ireland Assurance 086 8100564
Declan O’Brien Willis Towers Watson 01 6396380
John Redmond Mercer 01 6039877
Caroline Rowan Aon Hewitt 01 4705327
Thomas Synnott Zurich 01 2092196
28 IAPF YEARBOOK 2018 the primary provider of pensions education in Ireland for over 25 years
Law and Governance Diploma in Pensions Programme for Trustees Management and Policy the primary providerthe of primarythe provider primary of provider of the primary provider of the primary provider of This four day programmepensions educationis aimed inpensions Irelandat educationpensionslay ineducation Ireland Our in Irelandpart-time course deliveredpensions via educationclassroom in andIreland online pensions education in Ireland trustees, pension advisors, HR and finance professionals, lectures is suitable for those who want to pursue a career in a Irish Institute of PensionsIrish InstituteManagementIrish of InstitutePensions of Management Pensionsfor over Management 25 years for over 25Irishfor years Instituteover 25 ofyears Pensions Management Irish Institutefor over of Pensions25 years Management for over 25 years IIPMpension schemeIIPM secretariesIIPM and professional trustees. IIPMsenior pensions administration, advisoryIIPM or management role. Touching on the many aspects of DB and DC pension Graduates of the Diploma* will be awarded with the highly DiplomaDiplomaschemes, in Pensions Diplomathe programme in willPensions focusin onPensions the building blocksDiploma in recognisedPensions statusDiploma of Associate of thein IIPM Pensions (AIIPM). ManagementManagementfor implementingManagement and robust schemePolicy governanceand and Policy PolicyManagement andExitManagement award Policy upon completion of the and first Policy and risk management. five modules is Membership of the
The diploma is aimed at pensionThe“... diploma one professionals of istheThe aimed greatdiploma at benefitspension is aimed professionals ofat pensioncourse professionals The diploma is aimed at pension professionals TheIIPM diploma (MIIPM) is aimed atwhich pension professionalssatisfies the including trustees and thoseincludingparticipation involved trustees includingin HR.was and to those trustees meet involved with and likemindedthose in HR. involved in HR. including trustees and those involved in HR. includingminimum trustees competency and those involved requirements in HR. of The Diploma meets the minimumThetrustees... Diploma competency The meetsThe courseDiploma the minimum has meets married the competency minimum the competency The Diploma meets the minimum competency Thethe Diploma Central meets Bank the of minimum Ireland. competency code of the Central Bank codeof Ireland of the for Centralcode of Bank the ofCentral Ireland Bank for of Ireland for code of the Central Bank of Ireland for code of the Central Bank of Ireland for concepts of theory and practice well and the • Pensions • Pensions • Pensions • Pensions All • Pensionsmodules provide students with • Life Assurance approach• Life Assurance involves • Life Assurance a good deal of interaction • Life Assurance • Life Assurance • Savings and Investments. • Savings and • Investments. Savings and Investments. • Savings and Investments. the • Savings opportunity and Investments. of real life learning and class participation. The long term benefit experiences from their lecturers of undertaking this course is that I now have *A level 8 qualification provided*A level 8in qualification partnership*A level 8 qualificationprovided in partnership provided in partnership *A level 8 qualification provided in partnership and*A level peers. 8 qualification provided in partnership with National College of withaIreland. set National of guiding withCollege principlesNational of Ireland. College that I ofcan Ireland. bring with National College of Ireland. with National College of Ireland. to my role”. Declan Morris - lay trustee of the opening doors for openingtrustees,Veritas Company doors pensionopening Ltd. for Pension trustees,doors Scheme for pension trustees, pension opening doors for trustees, pension opening doors for trustees, pension and HR professionalsand HR professionalsand HR professionals and HR professionals and HR professionals
“Doing the IIPM Diploma“Doing in Pension the IIPM Management“Doing Diploma the IIPM in and Pension Diploma Policy Management in in NCI Pension gave meManagement and detailed Policy inknowledge andNCI gavePolicy“Doing me in detailedNCI the gave IIPM knowledge me Diploma detailed in knowledgePension Management “Doingand Policy the inIIPM NCI Diploma gave me in detailed Pension knowledge Management and Policy in NCI gave me detailed knowledge of all aspects of pensions.of The all aspects group projects of allpensions. aspects undertaken The of pensions. group were projects a The great group undertaken way projects of working were undertaken asa great a team, waywereof all of a aspects workinggreat way of as pensions. of a workingteam, The as group a team, projects undertakenof all aspects were a of great pensions. way of The working group as projects a team, undertaken were a great way of working as a team, sharing knowledge and sharingbuilding knowledge relationshipssharing and knowledge with building people andrelationships in thebuilding industry.” relationshipswith people in with the peopleindustry.”sharing in the industry.” knowledge and building relationships withsharing people knowledge in the industry.” and building relationships with people in the industry.” Designation: QPT (IIPM)* *Level 8 qualifications delivered in partnership with Paul Duignan, Pension ServicePaul Duignan, Manager,Paul Pension ESB Duignan, Service Pension Manager, Service ESB Manager, ESB Paul Duignan, Pension Service Manager, ESB Paul Duignan, Pension Service Manager,National College ESB of Ireland
Irish Institute of Pensions ManagementIrish Institute of IrishPensions Institute Management of Pensions Management Irish Institute of Pensions Management Irish Institute of Pensions Management National College of Ireland National CollegeNational of Ireland College of Ireland National College of Ireland National College of Ireland Mayor Street, IFSC, Dublin 1 Mayor Street, IFSC,Mayor Dublin Street, 1 IFSC, Dublin 1 Mayor Street, IFSC, Dublin 1 Mayor Street, IFSC, Dublin 1
Irish Institute of Pensions ManagementIrish Institute of PensionsIrish Institute Management of Pensions Management Email: [email protected] | Web: www.iipm.ieEmail: [email protected] InstituteEmail: of Pensions| [email protected]: www.iipm.ieManagement | Web: www.iipm.ie Irish Institute of PensionsEmail: Management [email protected] | Web: www.iipm.ie Email: [email protected] | Web: www.iipm.ie IIPM IIPMIIPM Tel: +353 (0)1 4498512 Tel: IIPM+353 (0)1 4498512Tel: +353 (0)1 4498512 IIPM Tel: +353 (0)1 4498512 Tel: +353 (0)1 4498512
36193 IIPM Pension Programmes Advert RH Page 210x210.indd 1 26/09/2017 16:12 IAPF COMMITTEES
LARGE FUNDS Objectives: FORUM —— To formulate and represent —— To discuss, debate and the views of pension fund promote issues of concern to sponsors on relevant matters. pension scheme managers.
NAME COMPANY PHONE
Tony Murray, Chair Coras Iompair Éireann 01 7032050
Fergal Booth An Post 01 7057258
Robert Callaghan Bank of Ireland 076 6244735 TONY MURRAY Emer Chapman RTÉ 01 2082318 Achievements 2017: Michelle Elliott Diageo Ireland 0044 131 5192100 “The Large Funds met and discussed a number Jim Foley Trustee Decisions Ltd 01 4410608 of key issues effecting large schemes including Keith Gore Allied Irish Banks plc 01 6414446 benefit structures, the funding standard and DC Construction Workers’ Anne Keogh 01 4977663 developments.” Pension Scheme
James O’Loughlin Electric Ireland 01 7026502
Dermot Roarty Aer Lingus 01 8862570
30 IAPF YEARBOOK 2018 IRISH PENSIONS TRUST LTD.
A dedicated provider of corporate trustee services
For over half a century, Irish Pensions Trust has acted as a Corporate Trustee for group pension schemes in Ireland. As an experienced Corporate Trustee we offer pension scheme members, sponsoring employers and co-trustees the security of knowing that their interests are in the hands of a professional trustee. Trust and Professionalism come first at IPT.
25-28 Adelaide Road, Dublin 2.
Tel: +353 (1) 604 8160 Fax: +353 (1) 604 8515 E-mail: [email protected] IAPF COMMITTEES WHEN DID YOUR TRUSTEES LAST REGIONAL IAPF — Objectives: SOUTHERN —— To promote the regional HAVE TRAINING? BRANCH presence of the Association.
REGIONAL SOUTHERN BRANCH SUB- TELEPHONE COMMITTEE MEMBERS
John O’Callaghan, Chair 021 4893118 FEEDBACK
John Cremin Aon Hewitt 021 4357880 “Very well presented and interesting” “A good approach to a heavy subject” Ian Geary Laya Healthcare 021 2022106 “Excellent presentations covering very extensive content” Elaine Hartnett Mercer 021 4910920 JOHN O’CALLAGHAN “Good insight overall. Content good & well delivered” Anthony Horgan Irish Life 021 4270779 Achievements 2017: “The Southern Branch held a Finian O’Driscoll Invesco 021 4808041 IAPF TRAINING COURSES FOR TRUSTEES number of successful events in Cork to help keep our Kevin Cruise O’Shea Musgrave Group 021 4522127 All new trustees now require training within 6 months of appointment. All trustees require training every 2 years. Failure to do this means the employer is breaking the law. members updated on IAPF policy and pension changes.” The Irish Association of Pension Funds provide Pensions Board approved Trustee Training suitable for all Trustees whether they are new or experienced Trustees who need to fulfill their legislative requirements and refresh their knowledge. The training courses are also suitable for those who work, at any level, on pension scheme such as scheme managers, HR staff or professional service providers. The Training is separated into DB and DC specific courses and we also offer a course designed to specifically educate Trustees on Investment Issues.
BENEFITS OF IAPF TRUSTEE TRAINING ■ Half day comprehensive course ■ Face to face interaction with trainers ■ Pension Board approved and certified ■ Completion of course enables Trustee to meet their legal requirements ■ Opportunity to meet & discuss issues with other Trustees ■ Scheme specific courses/in house training on request ■ Independently run
32 IAPF YEARBOOK 2018 Contact: [email protected] .:. +353 1 +6612427 .:. www.iapf.ie WHEN DID YOUR TRUSTEES LAST HAVE TRAINING?
FEEDBACK
“Very well presented and interesting”
“A good approach to a heavy subject”
“Excellent presentations covering very extensive content”
“Good insight overall. Content good & well delivered”
IAPF TRAINING COURSES FOR TRUSTEES All new trustees now require training within 6 months of appointment. All trustees require training every 2 years. Failure to do this means the employer is breaking the law.
The Irish Association of Pension Funds provide Pensions Board approved Trustee Training suitable for all Trustees whether they are new or experienced Trustees who need to fulfill their legislative requirements and refresh their knowledge. The training courses are also suitable for those who work, at any level, on pension scheme such as scheme managers, HR staff or professional service providers. The Training is separated into DB and DC specific courses and we also offer a course designed to specifically educate Trustees on Investment Issues.
BENEFITS OF IAPF TRUSTEE TRAINING ■ Half day comprehensive course ■ Face to face interaction with trainers ■ Pension Board approved and certified ■ Completion of course enables Trustee to meet their legal requirements ■ Opportunity to meet & discuss issues with other Trustees ■ Scheme specific courses/in house training on request ■ Independently run
Contact: [email protected] .:. +353 1 +6612427 .:. www.iapf.ieIAPF YEARBOOK 2018 33 34 IAPF YEARBOOK 2018 Section 2 IAPF MEMBER SERVICES
IAPF YEARBOOK 2018 35 IAPF MEMBER SERVICES
ABOUT YOU “I would highly recommend membership of the IAPF as AND US networking through the experience of others has served to enrich the learning outcomes for my HR team and also assisted in the technical design of our DC offering.“ Welcome to the IAPF, representing Irish pension savers and you. Being part of the IAPF community Barry Holmes, Director of HR, RCSI gives you the knowledge, support, network and IAPF Member since 2008; PQS winner 2015 growth to help you, your career and your pension scheme to grow.
About You Membership of our community of pension trustees, HR and retirement saving professionals helps you understand and learn more about Irish pensions, through best practice advice and extending your Irish pension network. Whatever your role in pensions, we’re here to support and encourage you.
About Us IAPF is Ireland’s only representative body for occupational pension schemes. We exist to provide a forum for our members to network and learn from the experience of others and to channel the power of our collective voice to lobby government to create a platform for secure, fair and simple retirement in Ireland. IAPF offers access to inspiring conferences and events, practical guides, regular surveys and research, and unrivalled networking opportunities - all designed to help you in today’s rapidly changing pension landscape.
36 IAPF YEARBOOK 2018 BENEFITS OF MEMBERSHIP
BENEFITS OF “The IAPF is a fantastic resource for anyone involved in Irish pensions. IAPF events provide great networking MEMBERSHIP opportunities and are the ideal platform to engage with and learn about the support the IAPF gives its members.” —— Regular Free Pension events: —— Four annual conferences Trustee, The Allianz Group Pension Schemes —— Discount rates to IAPF seminars IAPF Member since 1990; PQS winner 2012 —— Trustee Only Networking events —— Regional round-table events —— Regular policy updates Focused On Your Needs —— Free Irish Pensions magazine four times per year The IAPF is the authoritative voice of Irish pensions. We are your representative body. We successfully —— Free subscription to European Pensions Magazine channel the power of our members’ collective voices. worth €220 annually Being a part of influencing change, being —— Member only access to pension surveys, research, the difference and making your voice heard benchmarking studies and guidelines where it matters. —— Independent reduced rate Trustee Training —— Dedicated team within IAPF to answer queries and For further information contact the IAPF provide information Tel: (01) 6612427 —— Access to a network of pensions expertise drawn Email: [email protected] from our member organisations, saving you time www.iapf.ie/MemberServices/default.aspx and money Follow us: @iapf_info —— DC Trustee Packs
IAPF YEARBOOK 2018 37 IAPF REPRESENTATION
IAPF REPRESENTATION
We represent our members’ interests at all levels by —— American Chamber Of Commerce Ireland engaging with the Government, Opposition parties, —— Corporate Governance Association of Ireland the Pensions Authority, the Revenue Commissioners, the Social Partners and other relevant agencies and We continue to engage with the media in highlighting organisations. We actively publicise issues through issues and providing input on articles, discussions and the media. In 2017 we engaged with, amongst others: interviews in relation to the design, funding and tax —— Department of Finance treatment of pension schemes. —— Department of Employment Affairs and Social Protection “We seek to influence the —— Pensions Authority future direction of pensions —— Central Bank in Ireland for our members —— OECD and to strive for a secure, fair —— ICTU and simple pensions system” —— ECB —— CSO —— EIOPA —— Political Parties —— Society of Actuaries in Ireland —— LIA —— Insurance Ireland —— Sustainable Nation Ireland —— Law Society —— Irish Pro Share Association
38 IAPF YEARBOOK 2018 IAPF REPRESENTATION
EUROPEAN UPDATE
IAPF REPRESENTATIVE: JERRY MORIARTY
The IAPF represents your interests at European level directly through our membership of PensionsEurope. This allows us to track and assess legislation as it is being prepared at European level and feed into the process to ensure pension provision is not negatively impacted. Jerry Moriarty is Vice Chairman on the Board of PensionsEurope and also chairs the DC Committee and Brexit Working Group.
There are many other issues being worked on such as the impact of Brexit, EIOPA’s work on a pan-European DC Framework, EMIR, Fintech Consultation, the EU’s Capital Markets Union and PensionsEurope has 24 Members in 19 EU Member Financial Transaction Tax. States and three other countries and together they provide pensions for over 110 million European At the 2017 Annual Conference in Brussels, citizens and own assets of over €4 trillion. They are PensionsEurope’s DB and DC Committees published the only European federation that focuses exclusively two papers. The DB Committee’s paper is called on pensions. “Towards a New Design for Workplace Pensions”. The DC Committee published their third paper “Principles for Securing Good Outcomes for Members of DC Pension Plans throughout Europe”.
IAPF YEARBOOK 2018 39 COMMUNICATION
COMMUNICATION
MEDIA SOCIAL MEDIA
We continue to engage with the media approached to comment on changes Connect with us and keep up to date in highlighting issues and providing in legislation and proposed directions with all that is happening at the IAPF input on articles, discussions and of the future of pension provision in interviews in relation to the design, Ireland. Covering local and national Join us: www.linkedin.com funding and tax treatment of pension print and radio, interviews can be Follow us: @iapf_info schemes. Providing clarity to found on our website, alongside our journalists’ and the public’s pensions press releases. questions, the IAPF is regularly
IRISH PENSIONS MAGAZINE WWW.IAPF.IE
Irish Pensions Magazine is a quarterly Circulated to around 2,000 readers, The IAPF website has been redesigned publication for IAPF members. it is the ideal medium for services over the last year and remains one of Providing editorial comment and providers to promote their products to the best online resources for the Irish topical articles to the industry, we our extensive membership of Trustees, pensions’ community. Members have deliver an informed and interesting Pension Managers, Finance Directors, access to news and press releases, seasonal snapshot of Irish Pensions. Practitioners and HR Directors. an extensive information library, events, trustee training, access event webcasts and publications. Much of the information on the website is restricted to members only – which only adds to member benefits.
40 IAPF YEARBOOK 2018 COMMUNICATION
MEDIA
By issuing press releases, authoring These are some of the media outlets the IAPF received Press Coverage in over the articles, providing interviews and course of the year: commentary for television, print media and national and local radio, we engage with the media to represent our members. This can be on specific issues or providing general input. Copies of press releases and links to appearances are available in the Newsroom section of the IAPF website: www.iapf.ie
“The simple advice is ‘start early’, ideally with your very first pay cheque. If you never had it, you’ll never miss it.”
Jerry Moriarty IAPF CEO, Irish Independent, 12 January 2017
“The concept of a universal retirement savings system is something that we have been pushing for as coverage is going down.”
Peter Fahy IAPF Chairperson, Irish Examiner, 23 September 2017
IAPF YEARBOOK 2018 41 RESEARCH
RESEARCH, SUBMISSIONS AND SURVEYS We regularly make submissions to key bodies such as the Department of Finance, Department of Employment Affairs and Social Protection and the Pensions Authority. Copies are available at www.iapf.ie
November 2017 October 2017
Pension Fund Investment Survey 2016 IAPF Submission to the European Central —— The value of Irish pension savings grew by just Bank: The Regulation on Statistical Reporting over 8% in 2016 to €125.5bn, a rise of almost €10 Requirements for Pension Funds billion. This is the highest level of pension assets —— August 2017 recorded. Pension savings had fallen to €63.5 billion at the end of 2008 and have now almost IORP II Analysis doubled in the intervening period. FORESTRY INVESTMENT —— Savings in defined benefit schemes amount for Irish Pension Funds to just over €78 billion with those in defined December 2016 contribution schemes totalling €47.5 billion. IAPF and SAI (The Society of Actuaries in —— Defined benefit savings grew by 8.6%, while Forestry is a sustainable core Ireland) letter to The Pensions Authority and defined contribution savings grew by almost 8%. investment for Irish Pension Funds Minister for Social Protection re Pensions that has been characterised by —— 13.7% of defined benefit assets are now invested Funding Standard regime – Proposals to in alternative asset classes, an increase from Address Difficulties caused by Low Interest positive real long-term returns with 5.1% in 2012. Rates low volatility. Established in 1994, IForUT now October 2016 manages €300 million of fully asset- backed forestry investments both in IAPF Submission to the Pensions Authority Ireland and overseas. on Pension Reform IForUT continues to provide We responded to the Pensions Authority new opportunities for further Consultation on Pensions Reform and diversification on behalf of Irish Supplication Pension Funds and Charities in this established alternative asset.
Download the IAPF Pension Investment Survey 2016 from the Publications area Phone (01) 862 3440 of www.iapf.ie (member only area). Email [email protected] 42 IAPF YEARBOOK 2018 Web www.iforut.ie RESEARCH
IAPF GUIDES IAPF GUIDELINES IAPF INVESTMENT TOPICS PAPERS Each committee aims to publish We have produced a number new guides and review old ones of guidelines that will help our Your Investment Committee has that will assist our members in members administer their schemes. produced a number of short guides managing their pension scheme. AVC Access and interaction on specific investment topics that with PAYE. —— DC Guidelines – Members, should be useful to Trustees, in Trustees and Employers —— Early AVC Access Q&A particular, in discussions with their advisors. —— DC Pension Scheme Risk —— Pension Levy Register —— Infrastructure Investment —— Custody —— IAPF Defined Contribution —— Trustee Training Log —— Alternatives Guide – Planning for —— Trustee Conflicts of Interest —— Risk Matrix Retirement Log —— Currency Hedging —— Trustee Governance —— Statement of Reasonable —— ESG Investing —— IAPF Defined Contribution Projection – Requirements —— Smart Beta Investment Guidelines – —— Made Simple Articles for —— Illiquid Assets Guidance on Compliance Trustees —— Investing Post Retirement —— IAPF Defined Benefit —— Wind Up Checklist —— Investing in a Low Yield Investment Guidelines – —— IAPF Investment Guidelines Environment Guidance on Compliance —— Keeping in Contact with —— Consequences of Excessive —— Investment Topics Members Prudence —— Investment Guidelines —— Diversified Growth Funds Investment Guidelines 16pp A5.ART:1 22/05/2009 09:04 Page 1 —— The Impact of the passive- IAPF Investment Guidelines active decision Defined Benefit
Guidance on compliance IAPF Investment Guidelines Defined Contribution
Guidance on compliance
January 2010
IAPF YEARBOOK 2018 43 EVENTS
EVENTS
EVENTS IAPF KEY DATES FOR 2018
The IAPF produces the largest educational programme of pension related events in Ireland. Through a diverse 22 FEB IAPF Annual Dinner set of events such as Conferences, Breakfast Briefings, Trustee Networks and Social Events, Members can 22 MAR IAPF Investment Conference come together to share their knowledge and expertise and network with their peers. 26 APR IAPF Annual Golf Outing
03 MAY IAPF DC Conference
02 OCT IAPF Benefits Conference
29 NOV IAPF Governance Conference
*Dates are subject to change. Read about all of the IAPF Conferences since the publication of the IAPF Yearbook 2017 on the following pages.
44 IAPF YEARBOOK 2018 EVENTS
THANK YOU TO OUR 2017 EVENT SPONSORS
IAPF YEARBOOK 2018 45 EVENTS
IAPF COMMUNICATIONS & GOVERNANCE CONFERENCE
1st December 2016 Printworks, Dublin Castle 190 Attendees CPD: 4 Hours Sponsored by Trustee Decisions
2016 Topics —— Better Governance = Better Outcomes —— Anti Money Laundering - Cross Border Customer Due Diligence Challenges —— Lessons Trustees can learn from Corporate —— Pensions Scheme Governance - The Importance of Communication —— The Emergence of Financial Wellness
Feedback “Very well balanced overall.” “IAPF provide a superb service that is of enormous benefit to lay trustees.” “Generally an excellent conference. I liked the DC focus of many presentations (as DC trustee).” “Well done on the conference it was great and very informative. Look forward to attending events with you next year.” “I really enjoyed the Conference this week, many thanks.”
Sponsored by:
46 IAPF YEARBOOK 2018 EVENTS
IAPF INVESTMENT CONFERENCE
23rd March 2017 Printworks, Dublin Castle 300 Attendees CPD: 4 Hours Sponsored by AXA Investment Managers
2017 Topics —— Has the World Changed? —— Dispelling the Myths of Liability Driven Investing —— The Role of Fixed Income & the Missing Middle —— Global Pensions —— DGF’s / Multi Asset Strategies - Still a Solution? —— Investing for Retirement: New Choices; Big Decisions —— Weather Forecasting, Prediction in the Natural World
Feedback “Very interesting conference. Would love to attend next year.” “Well done again - keep up good work!” “Really enjoyed the variety of presentations. Great event, well done.” “Really liked the Conference Chair’s one-on-one with the speakers. Good questions.”
Sponsored by:
IAPF YEARBOOK 2018 47 EVENTS
IAPF DC CONFERENCE
11th May 2017 Printworks, Dublin Castle 250 Attendees CPD: 4 Hours Sponsored by Aberdeen Standard Investments
2017 Topics —— DC and the true cost of volatility —— GDPR for Pension Trustees —— NEST- Investing for 4m members —— Hi Alexa, how should I save for my pension? —— RetireSmart - ESB Case Study —— CPAS Case Study —— From good to great – Analytics in Action: The Vodafone Experience
Feedback “Very good content and speakers overall - congrats to all.” “Speakers and topics all very good - lively, passionate!” “This is probably the best IAPF Conference I have ever been to, topics all very thought provoking.” “V good today thanks, love all the case studies.” “Overall excellent conference. Particularly liked the case studies.” “Great event, great speakers, well chaired, great venue.”
Sponsored by:
48 IAPF YEARBOOK 2018 EVENTS
IAPF BENEFITS CONFERENCE
12th October 2017 Printworks, Dublin Castle 300 Attendees CPD: 4 Hours Sponsored by State Street Global Advisors
2017 Topics —— The Global Retirement Challenge - Case Study: The US Experience —— The “At Retirement” Process —— The Changing Retirement Landscape - an “Australian Fund’s Experience” —— The Trustee View - Panel Discussion —— Key Insights into Running an Enhanced Transfer Value Exercise —— Income Adequacy and Quality of Life in Older Age
Feedback “Australian segment was very enlightening. Great to get international perspective.” “Excellent choice of topic very appropriate.” “Excellent presentation, well-spoken presenters who were highly skilled at answering on the spot questions.” “Excellent!“
Sponsored by:
IAPF YEARBOOK 2018 49 THE PENSIONS QUALITY STANDARD (PQS)
Do you have a good quality DC scheme in place for your employees?
Do you want to be able to demonstrate this to your employees?
Highlight the value of your scheme and PENSIONS QUALITY apply for the PQS now! Master Trusts can also qualify! STANDARD
Why the PQS is invaluable PQS Roundtable: Having the PQS demonstrates to your employees that Recipients of the PQS are invited to a number of your pension scheme is operating at the best level for informal round table meetings where you can discuss them. It shows that you are successfully communicating issues in your scheme, learn from other experiences and the long term benefits of retirement saving to your keep abreast of developments in Defined Contribution members, recognising their contribution to your pension provision. business through your own qualitative contributions and through excellent governance of the scheme that you are meeting your obligations as an employer.
How does a scheme qualify? Applicants will have to ensure that they provide evidence that shows they meet the detailed criteria in each of the following areas:
—— Contributions (Overall minimum 10% of which the Employer contributes 6%) —— Governance —— Communications
The accreditation will last for three years. Further details can be obtained from www.iapf.ie/PQS
50 IAPF YEARBOOK 2018 THE PENSIONS QUALITY STANDARD (PQS)
PQS AND PQS WITH MERIT RECIPIENTS
IAPF YEARBOOK 2018 51 A
52 IAPF YEARBOOK 2018 A Section 3 MEMBERSHIP DIRECTORY
IAPF YEARBOOK 2018 53 Global Vision Local Focus
Invesco are Ireland's leading pension For more information please contact: & investment advisors.
Gary Morrissey We specialise in developing innovative Head of Business Development benefits solutions for companies and individuals in Ireland. T +353 1 294 7600
Our mission is to protect the future E [email protected] financial security of our clients and their employees. W www.invesco.ie
Dublin Cork
Invesco Limited is regulated by the Central Bank of Ireland. An analysis of Invesco’s activities between those that are regulated by the Central Bank of Ireland and those that are not is set out on the company’s website www.invesco.ie. A
A&L Goodbody AA Ireland Ltd Retirement AllianceBernstein Benefits Scheme A&L Goodbody is internationally recognised as one of Ireland’s leading AA Ireland is Ireland’s largest motoring law firms delivering the full range services organisation providing roadside of corporate legal services. With 88 assistance, legal & technical services and partners and a staff of over 700, we are travel services to its customers. It is an an “all-island” law firm, with offices in insurance intermediary providing motor, Dublin and Belfast. We also have a strong home and life insurance products. The AA international presence with offices in is also active in other areas such as hotel London, New York, San Francisco and grading, travel and traffic information, Palo Alto. motor industry consultancy services and garage inspections. It was established in AllianceBernstein is a leading investment- Our Pensions group is a market leader and Ireland in 1910 as a mutual association. management firm with €453 billion is one of the largest pensions practices in in client assets under management, as Ireland. Our specialist team advises Irish, of June 30, 2017. We provide forward- international, private and public sector Address looking perspective, independent research clients on every aspect of occupational 61a South William Street and investment discipline across asset pension schemes and personal pension Dublin 2 classes, from equities and fixed income arrangements ranging from routine Ireland to alternatives and multi-asset portfolios. day to day scheme matters to the most Tel: +353 1 6179411 Our worldwide clients—including high profile and complex Irish pensions Contacts institutional, high-net-worth and retail matters. Member Rep: Yvonne Smith investors—face new investment challenges HR: Yvonne Smith and opportunities every day. Through our Address Providers unique combination of expertise, research IFSC Investment Consultant: Lane Clark & and global reach, we apply collective North Wall Quay Peacock insights and leverage our extensive global Dublin D01 H104 Auditor: RSM Ireland footprint to help keep our clients at the Ireland Solicitors: A&L Goodbody forefront of change. Tel: +353 1 6492000 Administrator: Zurich www.algoodbody.com Address Numbers Categories 50 Berkeley Street Deferred Pensioners: 23 Irish Pension Scheme: Yes London W1J 8HA Active Members: 141 DB/DC: Multi United Kingdom Total Scheme Members: 164 Contributory/Non-Contributory: Tel: +44 207 9594948 Contributory Categories www.alliancebernstein.com Fund Range: 26-100M Integrated with State Scheme: No Have Member Trustees: No Irish Pension Scheme: Yes Corporate/Individual Tr/Both: Self Administered Scheme: No Corporate Body DB/DC: Defined Contribution Contributory/Non-Contributory:
Contributory Fund Range: 0-25M Corporate/Individual Tr/Both: Corporate Body IAPF YEARBOOK 2018 55 A
Abbey Capital Limited AbbVie Categories (“Abbey Capital”) Irish Pension Scheme: Yes A high Volume Solid Dosage Self Administered Scheme: Yes Abbey Capital is an alternative investment pharmaceutical manufacturing company DB/DC: Defined Contribution fund manager (“AIFM”) focused on with an efficient and effective workforce Contributory/Non-Contributory: managed futures and foreign exchange. with a passionate and proven ability Contributory Founded in 2000, Dublin–based Abbey to adapt to customer requirements Size of Fund: €7,387,119 Capital allocates to the Commodity with a compliant yet agile approach. Fund Range: 0-25M Trading Advisor (CTA) sector through its Work methods and processes dedicated Have Member Trustees: Yes multi-manager funds utilising managed to delivering perfect execution of Corporate/Individual Tr/Both: accounts. commercial manufacture and advancing Corporate Body the pipeline, ensuring remarkable impact Abbey Capital is a limited liability for our patients. company incorporated in Ireland Aberdeen Standard Investments (registration number 327102). Abbey Address Capital is regulated as an AIFM by the Fournier Laboratories Ireland Central Bank of Ireland. In the United Annagrove States of America, Abbey Capital is Carrigtwohill registered as a Commodity Pool Operator Cork and Commodity Trading Advisor Ireland with the Commodity Futures Trading Tel: +353 21 4881401 Commission (“CFTC”), is a member of www.abbvie.com Aberdeen Standard Investments is a the National Futures Association (“NFA”), leading global asset manager dedicated and is registered as an Investment Advisor Contacts to creating long-term value for clients. with the Securities Exchange Commission Member Rep: Pauline Morrison To achieve this, we offer a comprehensive (“SEC”). The SEC does not endorse, Trustee: Mairead Bowden, Mairead range of investment capabilities, as well as indemnify, or guarantee the member’s Dunne, Pauline Morrison the highest levels of service. business practices, selling methods, the HR: Pauline Morrison class or type of securities offered, or any Finance: Mairead Bowden Overall, we manage £583 billion* on specific security. Providers behalf of clients in 80 countries. In Auditor: EY managing these assets, we employ over Address Solicitors: Matheson 1,000 investment professionals and 1 - 2 Cavendish Row Administrator: Aon Hewitt provide client support from 50 client Dublin 1 Investment Manager: ILIM, HRMSL relationship offices globally. Ireland Numbers The Aberdeen Standard Investments Tel: +353 1 8280400 Total Number of Employees: 139 brand was created in connection with the www.abbeycapital.com Deferred Pensioners: 99 merger of Aberdeen Asset Management Numbers Pensioners: 1 PLC and Standard Life Plc on 14 August Total Number of Employees: 56 Active Members: 110 2017 to form Standard Life Aberdeen plc. Total Scheme Members: 210 *Standard Life AUM/AUA data as at 30 June 2017, Aberdeen Asset Management AUM data as at 31 March 2017, all other data as at 30 June 2017
56 IAPF YEARBOOK 2018 A
Address Have Member Trustees: Yes Numbers 90 St Stephens Green Corporate/Individual Tr/Both: Total Number of Employees: 1700 Dublin 2 Individual Trustee Deferred Pensioners: 780 Ireland Active Members: 717 Tel: +353 1 6397722 Total Scheme Members: 1497 www.aberdeenstandard.com Accenture Categories Contacts DB/DC: Defined Contribution Member Rep: Jennifer Richards Accenture plc is a multinational Contributory/Non-Contributory: Business Development Mgr: Ken Tooze management consulting, technology Contributory services, and outsourcing company. Its Size of Fund: €95,497,781 incorporated headquarters have been Fund Range: 26-100M Segregated/Unitised and Insured: ACC Loan Management DAC in Dublin, Ireland since September 1, 2009. It is the world’s largest consulting Unitised firm as measured by revenues and is a Corporate/Individual Tr/Both: Address Fortune Global 500 company. As of 2014, Corporate Body George’s Dock House the company reported net revenues of 2 George’s Dock $31.87 billion with approximately 336,000 IFSC employees, serving clients in more than Accuro Retirement Funding Dublin 1 200 cities in 120 countries. In 2012 Ireland Accenture had about 80,000 employees Tel: +353 1 4184000 in India, more than in any other country, Address about 40,000 in the US, and about 35,000 Brook House, Unit C4 Contacts in the Philippines. Accenture’s current Donnybrook Commercial Centre Member Rep: Mary Cassidy clients include 89 of the Fortune Global Douglas HR: Mary Cassidy 100 and more than three-quarters of the Cork Providers Fortune Global 500. Ireland Investment Consultant: Aon Hewitt Tel: +353 21 4350806 Actuary: Aon Hewitt (Ireland) Address www.accuro.ie Administrator: Aon Hewitt 1 Plantation Place Contacts Numbers 30 Fenchurch Street Member Rep: Clodagh Sheehan Total Number of Employees: 65 London EC3M 3BD Numbers Deferred Pensioners: 293 United Kingdom Total Number of Employees: 3 Pensioners: 279 Tel: +44 207 8448604 Active Members: 1 Active Members: 3 www.accenture.com Total Scheme Members: 1 Total Scheme Members: 575 Providers Categories Investment Consultant: Willis Integrated with State Scheme: Yes Towers Watson Irish Pension Scheme: Yes Accountant: KPMG Self Administered Scheme: No Solicitors: Arthur Cox DB/DC: Multi Administrator: Willis Towers Watson Contributory/Non-Contributory: Contributory
IAPF YEARBOOK 2018 57 A
ACT Venture Capital Ltd Acumen & Trust Acuvest Limited
Acumen & Trust provide full services Address administration, consultancy, investment 6 Richview Office Park and trusteeship services to DB, DC and Clonskeagh SSAPS schemes throughout Ireland. Dublin 14 Our Financial Planning colleagues Ireland provide personalised advice to individual Acuvest provides independent pensions Tel: +353 1 2600966 members at each step of their journey - advice and investment management Numbers pre, post and at retirement. services to a range of public and private Total Number of Employees: 10 sector organisations in Ireland. Since Active Members: 10 Address 2003 it has worked with some of the Total Scheme Members: 10 4 & 5, The Avenue biggest pension schemes and currently provides services to over 10 per cent of Categories Beacon Court private sector workers who hold a Defined Integrated with State Scheme: No Sandyford Contribution pension. Irish Pension Scheme: Yes Dublin 18 Ireland Self Administered Scheme: No Privately owned it employs a team Tel: +353 1 2936500 DB/DC: Defined Contribution of highly experienced finance and www.acumenandtrust.com Contributory/Non-Contributory: Both communications professionals in its Fund Range: 0-25M Contacts Dublin offices with external perspectives Segregated/Unitised and Insured: Member Rep: Ciaran Martin acquired through its Innovation Group Insured Director: Ciaran Martin consisting of some of Ireland’s most Have Member Trustees: Yes senior business people from across a Numbers Corporate/Individual Tr/Both: Both diverse range of industries. Total Number of Employees: 48
Deferred Pensioners: 6 Clients choose us because: Active Members: 38 Total Scheme Members: 44 • We are completely independent of Categories product providers and other third Integrated with State Scheme: No parties. Irish Pension Scheme: Yes • We avoid biased decisions. Self Administered Scheme: No • Our advice is focused on what is right DB/DC: Defined Contribution for you and your employees. Contributory/Non-Contributory: • We save you time by helping you focus Contributory on the right questions and providing Fund Range: 0-25M constant oversight. • We make your company pension scheme work harder for less.
Address 67 Merrion Square South Dublin D02 CK11 Ireland
58 IAPF YEARBOOK 2018 A
Tel: +353 1 6344510 AIG Europe Ltd Have Member Trustees: Yes www.acuvest.ie Corporate/Individual Tr/Both: Both Contacts Member Rep: John Tuohy CEO/Managing Director: John Tuohy Airbus Financial Services UC Marketing: Edel O’Leary Investment: Damian Cooper Address 5th Floor Non-life insurance 6 George’s Dock Aer Lingus IFSC Address Dublin 1 Ireland Address 30 North Wall Quay Tel: +353 1 7905514 Dublin Airport IFSC Dublin Dublin 1 Contacts Ireland Ireland Member Rep: Trevor Lydon Tel: +353 1 8862570 Tel: +353 1 2081400 Trustee: Liz Barry, Trevor Lydon www.aerlingus.com www.aig.ie Finance: Trevor Lydon Contacts Contacts Providers Member Rep: Dermot Roarty Member Rep: Owen Kelly Investment Manager: Irish Life Trustee: Marie Griffin, Andrew Moore Solicitors: Mason Hayes & Curran Numbers Finance: Owen Kelly Accountant: In House Total Number of Employees: 4000 Providers Investment Consultant: Lane Clark & Categories Independent Trustee: Independent Peacock Irish Pension Scheme: Yes Trustee Co. Ltd Auditor: KPMG DB/DC: Multi Auditor: PwC Administrator: APT Size of Fund: €3,000,000,000 Administrator: Willis Towers Watson Numbers Fund Range: > 500M Investment Manager: Zurich Total Number of Employees: 38 Segregated/Unitised and Insured: Deferred Pensioners: 12 Segregated, Unitised Numbers Active Members: 38 Have Member Trustees: Yes Total Number of Employees: 380 Total Scheme Members: 50 Corporate/Individual Tr/Both: Both Deferred Pensioners: 300 Pensioners: 10 Categories Active Members: 380 Integrated with State Scheme: No Total Scheme Members: 690 Irish Pension Scheme: Yes Categories Self Administered Scheme: No Irish Pension Scheme: Yes DB/DC: Defined Contribution DB/DC: Multi Contributory/Non-Contributory: Contributory/Non-Contributory: Both Non Contributory Size of Fund: €70,000,000 Have Member Trustees: Yes Fund Range: 26-100M Corporate/Individual Tr/Both: Segregated/Unitised and Insured: Corporate Body Unitised
IAPF YEARBOOK 2018 59 A
Alan Broxson Contacts Active Members: 971 Member Rep: Brian Flanagan Total Scheme Members: 2267 Independent Trustee Numbers Categories Total Number of Employees: 11 Irish Pension Scheme: Yes Address Deferred Pensioners: 4 DB/DC: Multi 192 Ardmore Park Active Members: 10 Contributory/Non-Contributory: Both Bray Total Scheme Members: 14 Fund Range: 0-25M Co Wicklow Corporate/Individual Tr/Both: Both Ireland Categories Tel: +353 87 2229138 Integrated with State Scheme: No Irish Pension Scheme: Yes Self Administered Scheme: No Allianz Global Investors DB/DC: Defined Contribution Alder Capital DAC Contributory/Non-Contributory: Allianz Global Investors is committed Contributory to helping its clients achieve their Fund Range: 0-25M investment goals by protecting and Have Member Trustees: No enhancing their wealth. We aim to Corporate/Individual Tr/Both: Both stand out as the investment partner our clients trust by listening closely to understand their challenges, before acting Alder Capital is a systematic investment Allergan Pharmaceuticals Ireland decisively to provide them with solutions manager established in 2000. Alder that meet their needs. Allianz Global applies a rigorous quantitative research Investors is committed to helping its process to identify persistent profit clients achieve their investment goals by opportunities in liquid financial protecting and enhancing their wealth. markets. Alder’s investment process is We aim to stand out as the investment built around its proprietary approach to partner our clients trust by listening risk forecasting; this risk management closely to understand their challenges, before acting decisively to provide them approach is applied to both of the two Address with solutions that meet their needs. Our core strategies that invest in currency Castlebar Road philosophy, how we look at the world and equity markets. Alder Capital’s Westport and how we behave, can be described in proprietary approach has provided Co Mayo two words: Understand. Act. institutional clients with access to Ireland diversified, risk management and liquid Tel: +353 98 25222 strategies for more than fifteen years. www.allergan.ie Address 5th Floor Contacts 199 Bishopsgate Address Member Rep: Ed Rose Behan House London EC2M 3TY Trustee: Siobhan Camplisson United Kingdom 10 Mount Street Lower HR: Ed Rose Dublin D02 HT71 Tel: +44 203 32467000 Ireland Numbers www.allianzglobalinvestors.co.uk Tel: +353 1 6147232 Total Number of Employees: 971 www.aldercapital.com Deferred Pensioners: 1184 Pensioners: 112
60 IAPF YEARBOOK 2018 A
Contacts Providers Ireland, Northern Ireland, Great Britain Member Rep: Corinne Crawford Investment Manager: ILIM, PIMCO, and the United States of America. Capital Investment: Matthew Chaldecott Stone Harbour, Permal Group, Invesco market operations worldwide. Director: Corinne Crawford Asset Management Limited Solicitors: Arthur Cox, Sacker & Partners Numbers Address Accountant: Mercer Total Number of Employees: 125 Bankcentre Custodian: Northern Trust Deferred Pensioners: 34 Ballsbridge Actuary: Mercer Active Members: 115 Dublin 4 Investment Consultant: Mercer Total Scheme Members: 149 Ireland Auditor: KPMG Tel: +353 1 6600311 Categories Administrator: Mercer www.aib.ie Irish Pension Scheme: Yes Numbers Irish Pension Scheme: No Contacts Deferred Pensioners: 570 Self Administered Scheme: No Member Rep: Keith Gore Pensioners: 412 DB/DC: Defined Contribution Pension Manager: Keith Gore Active Members: 450 Contributory/Non-Contributory: Total Scheme Members: 1432 Providers Non Contributory Custodian: BNY Mellon Asset Servicing Fund Range: 0-25M Categories Actuary: Mercer HR Consulting Ltd Have Member Trustees: No Integrated with State Scheme: Yes Solicitors: McCann FitzGerald Corporate/Individual Tr/Both: Irish Pension Scheme: Yes Administrator: Aon Hewitt Corporate Body Self Administered Scheme: No DB/DC: Multi Numbers Contributory/Non-Contributory: Both Total Number of Employees: 10000 Fund Range: 251-500M Deferred Pensioners: 5000 Allianz Group Pension Scheme Segregated/Unitised and Insured: Pensioners: 4000 Segregated, Unitised Active Members: 10000 Total Scheme Members: 19000 Address Have Member Trustees: Yes Allianz House Corporate/Individual Tr/Both: Categories Elmpark Individual Trustee Integrated with State Scheme: Yes Merrion Road Irish Pension Scheme: Yes Dublin 4 Self Administered Scheme: Yes Ireland Allied Irish Banks plc DB/DC: Multi Tel: +353 1 6133000 Contributory/Non-Contributory: Both www.allianz.ie Size of Fund: €5,000,000,000 Fund Range: > 500M Contacts Segregated/Unitised and Insured: Member Rep: Ursula Murphy Segregated Trustee: Audrey Benson, Ciaran Black, Have Member Trustees: Yes Kevin Collins, Marie Corry, Gertie Daly, Corporate/Individual Tr/Both: Avril Doyle, Daniel Manahan, Ursula Corporate Body Murphy Finance: Marie Corry International bank with retail and commercial operations in the Republic of
IAPF YEARBOOK 2018 61 A
Allied Pension Trustees ALPS Electric (Ireland) Limited hubs. Amundi offers its clients in Europe, Asia-Pacific, the Middle-East and the Americas a wealth of market expertise Address and a full range of capabilities across the Clara Road active, passive and real assets investment Millstreet Town universes. Headquartered in Paris, and Cork listed since November 2015, Amundi is Ireland the 1st asset manager in Europe by market Tel: +353 29 70677 capitalization and the 5th globally www.alps.ie Contacts Working closely alongside investment Pension & Investment Consultants, ARF Member Rep: Noreen Dineen consultants, we have been managing & PRSA providers Trustee: Noreen Dineen assets for UK & Ireland pension schemes and local authorities for over 15 years, Address Numbers and see ourselves as a fitting partner for Apex Centre, Blackthorn Rd. Total Number of Employees: 450 institutions seeking innovative investment Sandyford Deferred Pensioners: 56 approaches such as our smart beta, global Dublin 18 Active Members: 145 macro or low carbon strategies. Ireland Total Scheme Members: 201 Tel: +353 1 2063010 Categories Address www.alliedpensions.com Irish Pension Scheme: Yes 41 Lothbury Contacts Self Administered Scheme: Yes London EC2R 7HF Member Rep: Peter Griffin DB/DC: Defined Contribution United Kingdom Contributory/Non-Contributory: Tel: +44 207 0749335 Numbers Contributory www.amundi.com Total Number of Employees: 25 Fund Range: 0-25M Active Members: 24 Have Member Trustees: Yes Contacts Total Scheme Members: 24 Member Rep: Frederic Barthelemy Director: Frederic Barthelemy Categories Providers DB/DC: Defined Contribution Amundi Contributory/Non-Contributory: Investment Consultant: Mercer Contributory Investment Manager: Amundi Asset Size of Fund: €1,500,000 Management Fund Range: 0-25M Numbers Have Member Trustees: No Total Number of Employees: 429 Corporate/Individual Tr/Both: Deferred Pensioners: 227 Individual Trustee Active Members: 342 Total Scheme Members: 569 Amundi is Europe’s largest asset manager Categories by assets under management and ranks Integrated with State Scheme: No in the top 10 globally at June 2017. Thanks Irish Pension Scheme: Yes to the integration of Pioneer Investments, Self Administered Scheme: No it now manages 1.342 trillion euros DB/DC: Defined Contribution of assets across six main investment
62 IAPF YEARBOOK 2018 A
Global knowledge. Local delivery.
In today’s economy, you need advisors with a breadth of skills and expertise. With insights into your specifi c business issues. Who can work with you to develop the right solutions.
Willis Towers Watson off ers professional advice on a wide range of business issues. Serving clients ranging from small businesses to multinational corporations, our services and solutions cover pension scheme design and management, compensation and rewards, talent strategy, insurance broking and analytics.
Willis Towers Watson has 40,000 employees in more than 140 countries. In Ireland we have more than 560 employees across offi ces in Dublin, Cork, Belfast, Limerick and Galway.
For more information contact us at +353 1 661 6211 or visit willistowerswatson.com/en-IE.
willistowerswatson.com IAPF YEARBOOK 2018 63 A
Contributory/Non-Contributory: (4) Based on market capitalization as of An Post Superannuation Schemes Contributory April 30, 2017 Fund Range: 26-100M Segregated/Unitised and Insured: Address Address General Post Office Unitised Amundi Asset Management Have Member Trustees: Yes O’Connell Street Pioneer Global Investments Ltd, Pioneer Dublin DO1 F5P2 Corporate/Individual Tr/Both: Building Corporate Body Ireland 1 Georges Quay Plaza Tel: +353 1 7057258 Dublin 2 www.anpost.ie Ireland Contacts Amundi Asset Management Tel: +353 1 4802000 www.pioneerinvestments.com Member Rep: Fergal Booth Trustee: Patrick Gallagher, Anthony Contacts Harmon, Patrick Knight, Brian Member Rep: Michael Curran McCormick, Sean McDonagh, Niall Providers Phelan Investment Consultant: Mercer Numbers Investment Manager: Amundi Asset Deferred Pensioners: 2776 Management Pensioners: 5789 Amundi is Europe’s largest asset Numbers Active Members: 8978 manager by AUM and ranks in the top Total Number of Employees: 429 Categories 10 globally(1). Thanks to the integration Deferred Pensioners: 227 Integrated with State Scheme: Yes of Pioneer Investments, it now manages Active Members: 342 Irish Pension Scheme: Yes over €1.3 trillion(2) of assets across six Total Scheme Members: 569 Self Administered Scheme: Yes main investment hubs(3). Amundi offers DB/DC: Defined Benefit its clients in Europe, Asia-Pacific, the Categories Contributory/Non-Contributory: Both Middle-East and the Americas a wealth Integrated with State Scheme: No Size of Fund: €2,971,905,000 of market expertise and a full range of Irish Pension Scheme: Yes Fund Range: > 500M capabilities across the active, passive Self Administered Scheme: No Segregated/Unitised and Insured: and real assets investment universes. DB/DC: Defined Contribution Segregated Headquartered in Paris, and listed Contributory/Non-Contributory: Have Member Trustees: Yes since November 2015, Amundi is the Contributory Corporate/Individual Tr/Both: 1st asset manager in Europe by market Size of Fund: €41,000,000 Individual Trustee capitalization and the 5th globally(4). Fund Range: 26-100M Segregated/Unitised and Insured: (1) Source IPE “Top 400 asset managers” Unitised published in June 2017 and based on AUM Have Member Trustees: Yes as of end December 2016. Corporate/Individual Tr/Both: (2) Source: Pro forma Amundi and Individual Trustee Pioneer Investments combined figures as of end December 2016. (3) Boston, Dublin, London, Milan, Paris and Tokyo.
64 IAPF YEARBOOK 2018 A
Analog Devices International Anne Maher Contacts Member Rep: Rachael Ingle Analog Devices International is a US Trustee: Frances Kehoe, Oisin O’Gogain, Address Multinational company specialising in Mark O’Sullivan 4 Greenfield Crescent the design and manufacture of integrated CEO/Managing Director: Rachael Ingle Dublin D04 VON2 circuits. Analog Devices was set up in Ireland Ireland in 1976 with full manufacturing, Tel: +353 1 2691799 R+D and Marketing operations. The company exports 100% of the product. Contacts Appian Asset Management There are approx. 1100 employees at its Member Rep: Anne Maher Limerick facility and another 80 based in Categories Cork. DB/DC: Defined Benefit Contributory/Non-Contributory: Both Address Fund Range: 0-25M Raheen Business Park Corporate/Individual Tr/Both: Both Limerick Ireland Tel: +353 61 229011 Aon Hewitt Founded in 2003, Appian Asset Contacts Management is an Irish owned Member Rep: Jim O’Donoghue independent asset manager offering Numbers investment services to high net worth Total Number of Employees: 1200 individuals, occupational and self- Active Members: 1200 administered pension funds, charities Total Scheme Members: 2500 and affinity groups. We aim to deliver sustainable, risk adjusted, returns over Categories time. Irish Pension Scheme: Yes Self Administered Scheme: No Aon Hewitt is a specialist firm of HR, Put simply we preserve and grow our DB/DC: Defined Contribution Actuarial, Investment and Benefit clients’ capital through a conservative Contributory/Non-Contributory: Consultants with offices in Dublin and investment strategy, based on our clients’ Contributory Cork. Our Client Service is exceptional individual requirements. Have Member Trustees: Yes and is delivered by our committed and Corporate/Individual Tr/Both: Both proactive staff with the support of leading In our multi-asset funds, we take a edge technology. conservative attitude to risk across all the asset classes, namely cash, equities, bonds, property, alternatives and commodities. Address Our equity portfolios consist of Block D concentrated high conviction stocks with Iveagh Court solid quality characteristics Harcourt Road Dublin 2 Ireland Tel: +353 1 4189130 www.AonHewitt.com
IAPF YEARBOOK 2018 65 A
Address Contacts Arnotts DC Pension Fund 42 Fitzwilliam Place Member Rep: Barry O’Sullivan Dublin 2 Director: Barry O’Sullivan Ireland Address Tel: +353 1 6623001 Arnotts www.appianasset.ie 12 Henry Street Dublin 1 Contacts Arcadia Group Limited Ireland Member Rep: Eugene Kiernan Tel: +353 1 8050400 CEO/Managing Director: Patrick Lawless Address Investment: Eugene Kiernan Providers The Quorum Director: Kevin Menton Investment Manager: Irish Life 6th Floor Bond Street South Numbers Bristol BS1 3AE Total Number of Employees: 525 United Kingdom Deferred Pensioners: 10 Arachas Tel: +44 117 9420080 Pensioners: 4 Active Members: 235 Providers Total Scheme Members: 249 Actuary: Willis Towers Watson Accountant: PwC Categories Solicitors: McCann FitzGerald Integrated with State Scheme: No Administrator: In House Irish Pension Scheme: Yes Investment Manager: Irish Life Self Administered Scheme: No DB/DC: Defined Contribution Numbers “The Irish for insurance”. Arachas is Contributory/Non-Contributory: Total Number of Employees: 300 Ireland’s leading independently owned Contributory Deferred Pensioners: 58 insurance brokerage. We provide Segregated/Unitised and Insured: Pensioners: 3 truly independent employee benefits Segregated Total Scheme Members: 61 and financial planning advice to our Have Member Trustees: Yes international, SME and professional Categories Corporate/Individual Tr/Both: clients through our offices in Dublin, Integrated with State Scheme: No Corporate Body Cork and Waterford. Irish Pension Scheme: Yes Self Administered Scheme: Yes Financial planning for every stage of life. DB/DC: Defined Benefit
Address The Courtyard Carmanhall Road Sandyford Business Estate Dublin D18 X377 Ireland Tel: +353 1 2135000 www.arachasfs.ie
66 IAPF YEARBOOK 2018 A
Arthur Cox Aughinish Alumina Ltd Aviva Investors
Arthur Cox is one of Ireland’s leading and Aviva Investors is a global business Address most innovative law firms. Today, the firm dedicated to building investment Aughinish Island has over 350 lawyers, including almost solutions for clients and is wholly owned Askeaton 100 partners and a total staff of over 750. by Aviva plc, the UK’s largest insurer Co Limerick Arthur Cox is an “all-island” firm, with and one of Europe’s leading providers of Ireland offices in Dublin and Belfast. The firm life and general insurance. We employ Tel: +353 61 604328 also has offices in London, New York more than 1,000 people, including over and Silicon Valley. The firm’s practice Contacts 300 investment professionals in 15 encompasses all aspects of corporate and Member Rep: Timothy Mullane countries across Asia-Pacific, Europe, business law, providing a comprehensive Trustee: Declan Devenney, Mary the Americas and the UK and have over service to an international client base Monaghan, Timothy Mullane, John Ryan €279bn of funds under management. We ranging from established global leaders CEO/Managing Director: Sean Garland offer our clients in-depth local knowledge and multinational organisations to and understanding, while leveraging Providers government agencies and statutory the strength of our global presence and Solicitors: William Fry bodies, banks and financial institutions to infrastructure. Auditor: Deloitte new players in emerging industry sectors. Actuary: Mercer HR Consulting Ltd
Investment Manager: Mercer Investment Address The firm recently won Ireland Law Firm Management, State Street Global One Park Place of the Year 2017 at the Chambers Europe Advisors Ireland Hatch Street Awards and received three awards at the Dublin 2 Europe Women in Law Awards 2017. Numbers Ireland Total Number of Employees: 450 Tel: +44 207 8096809 Address Deferred Pensioners: 140 www.avivainvestors.ie Ten Earlsfort Terrace Active Members: 484 Contacts Dublin D02 T380 Total Scheme Members: 624 Member Rep: Rachel Green Ireland Categories Investment: Matthew Graham, Rachel Tel: +353 1 9201000 Integrated with State Scheme: Yes Green www.arthurcox.com Irish Pension Scheme: Yes Contacts Self Administered Scheme: Yes Member Rep: Catherine Austin DB/DC: Multi Contributory/Non-Contributory: Numbers Contributory Total Number of Employees: 800 Size of Fund: €122,451,000 Categories Fund Range: 101-250M Irish Pension Scheme: Yes Have Member Trustees: Yes Self Administered Scheme: Yes Corporate/Individual Tr/Both: Both DB/DC: Multi Contributory/Non-Contributory: Contributory Corporate/Individual Tr/Both: Corporate Body
IAPF YEARBOOK 2018 67 A—B
Aviva Ireland Staff AXA Investment Managers Address Pension Scheme 7 Newgate Street London EC1A 7NX We are Ireland’s leading composite United Kingdom insurer for life, pensions, general and Tel: +44 207 0031000 health insurance products. www.axa-im.com Contacts Member Rep: Rob Barrett Address AXA Investment Managers is a global One Park Place asset manager committed to designing Hatch Street real-world solutions to help achieve the Dublin financial goals of both institutional and Ireland Ball Beverage Packaging retail clients around the world. Ireland Ltd Tel: +353 1 8985574 www.aviva.ie Entrusted to manage institutional client Ball Beverage Packaging Ireland Ltd is assets for more than 20 years, we have Contacts a subsidiary of Rexam, a multi national developed a clear understanding of the Pension Manager: John Gethin leader in consumer packaging, quoted on specific issues facing private and public Trustee: Stephen Masterson, Pat the London stock exchange. sector pension schemes and proven McCormack expertise in building bespoke investment Investment: John Gethin Ball Beverage Packaging Ireland Ltd solutions to meet evolving needs over the was established in 1978 and has grown Providers long term, including: Actuary: Willis Towers Watson successfully since then and moved to a purpose built plant in 1990. At present Auditor: PwC • Effective diversification and risk Ball Beverage Packaging Ireland Ltd Solicitors: William Fry management produces approximately 28 million Investment Manager: Various • Superior returns and yield aluminium can tops every day, all of enhancement Categories which are exported to the U.K. and • Strong governance support and cost Irish Pension Scheme: Yes mainland Europe. DB/DC: Defined Contribution efficiency Contributory/Non-Contributory: • Active stewardship and responsible Address Contributory investment Industrial Park Segregated/Unitised and Insured: Cork Road Insured To cater for schemes of all sizes, we Waterford Have Member Trustees: Yes offer segregated and pooled solutions Ireland Corporate/Individual Tr/Both: Both covering fixed income, equities, real Tel: +353 51 359100 assets, structured finance and multi-asset www.rexam.com strategies. Our multi-expert investment Contacts model combines the skills and flexibility Member Rep: Tom Brennan of specialist teams with the strength and Trustee: Bernard Brannigan, Lindsay scalability of established global resources. Hawkins, Larry Mordaunt Pension Manager: Lindsay Hawkins Finance: Tom Brennan
68 IAPF YEARBOOK 2018 B
Providers Contacts It provides innovative services in M&A, Investment Manager: Irish Life Member Rep: Adrienne Bryan equity and debt capital raising, lending, Investment Managers trading, risk management, research, and Providers Solicitors: Arthur Cox liquidity and payments management. Solicitors: Hussey Accountant: PwC Auditor: PwC Actuary: Invesco Limited Bank of America Merrill Lynch serves Actuary: Rodney Smythe FIA AON Independent Trustee: ILP Pension clients in more than 150 countries and Investment Manager: State Street Global Trustees Ltd has relationships with 99 percent of the Advisors Ireland Auditor: PwC U.S. Fortune 500 companies and nearly 96 Administrator: Invesco Limited Numbers percent of the Fortune Global 500. Total Number of Employees: 974 Numbers Deferred Pensioners: 307 Total Number of Employees: 160 Address Pensioners: 32 Deferred Pensioners: 68 Two Park Place Active Members: 422 Pensioners: 36 Hatch Street Total Scheme Members: 761 Active Members: 153 Dublin 2 Total Scheme Members: 257 Categories Ireland DB/DC: Defined Benefit Tel: +353 1 2438500 Categories Contributory/Non-Contributory: Integrated with State Scheme: Yes Contacts Contributory Irish Pension Scheme: Yes Member Rep: Naomi Dey Size of Fund: €47,276,254 Self Administered Scheme: No Trustee: Niall Casement, Duncan Fund Range: 26-100M DB/DC: Multi Hollyman, Sarah McGuinness Corporate/Individual Tr/Both: Both Contributory/Non-Contributory: Providers Contributory Independent Trustee: Trustee Decisions Size of Fund: €20,200,000 Investment Consultant: Aon Hewitt Fund Range: 0-25M Bank of America Merrill Lynch Auditor: KPMG Segregated/Unitised and Insured: International Dublin Administrator: Invesco Limited Unitised Investment Manager: Irish Life, Aberdeen Have Member Trustees: Yes Bank of America Merrill Lynch is one of Standard Investments, Schroder Corporate/Individual Tr/Both: Both the world’s largest financial institutions, Investment Management, Blackrock, KBI serving individual consumers, small- Global Investors Ltd and middle-market businesses and large Numbers BAM Contractors Ltd corporations with a full range of banking, Total Number of Employees: 830 investing, asset management and other Deferred Pensioners: 243 financial and risk management products Active Members: 830 Address and services. Total Scheme Members: 1073 Kill Co Kildare The company’s corporate and investment Categories Ireland banking, and sales and trading businesses Integrated with State Scheme: No Tel: +353 45 886400 operate under the Bank of America Irish Pension Scheme: Yes www.bamcontractors.ie Merrill Lynch brand. Bank of America Self Administered Scheme: No Merrill Lynch focuses on middle-market DB/DC: Defined Contribution and large corporations, institutional Contributory/Non-Contributory: investors, financial institutions and Non Contributory government entities. Fund Range: 26-100M
IAPF YEARBOOK 2018 69 B
Have Member Trustees: Yes Baring Asset Management decision-making forum. The managers Corporate/Individual Tr/Both: are able to draw upon the full investment Corporate Body resources of the firm, encompassing equity, bond and third-party research teams. Bank of Ireland Group Address 155 Bishopsgate Address London EC2M 3XY 40 Mespil Road United Kingdom Dublin 4 Tel: +44 207 2141436 Ireland www.barings.com We are a specialist international Tel: +353 76 6244735 investment management company with Contacts www.bankofireland.ie assets under management of €33bn (as at Member Rep: Neil Godfrey Contacts 31st August 2015). We have been owned Head of Group Pensions: Robert by Massachusetts Mutual Life Insurance Callaghan Company (MassMutual) since March 2005. Barrys Tea Providers Investment Manager: State Street Global Investment Management is our only Ireland’s leading quality tea blenders and Advisors Ireland business. We provide asset management wholesalers since 1901. Property Adviser: Jones Lang LaSalle services in developed and emerging equity Solicitors: A&L Goodbody and bond markets, as well as multi asset Address Accountant: PwC solutions, on behalf of institutional and Kinsale Road Custodian: Northern Trust retail clients worldwide. We demonstrate Cork Actuary: Willis Towers Watson innovation with our ability to create Ireland Auditor: PwC client-focused solutions, a willingness Tel: +353 21 4915000 Administrator: Bank of Ireland to embrace uncommon investment www.barrystea.ie Categories perspectives, and a desire to offer client Contacts Size of Fund: €5,500,000,000 service that exceeds expectations. Member Rep: Aidan Dunlea Fund Range: > 500M Our large and well-resourced Multi Asset Managing Director: Tony Barry Segregated/Unitised and Insured: Team was established in 2002. The team Unitised Providers has a distinctive top down investment Have Member Trustees: Yes Investment Manager: State Street Global approach which combines long term Corporate/Individual Tr/Both: Advisors Ireland economic forecasts with an ability to take Individual Trustee Solicitors: RDJ advantage of short term positions. Accountant: KPMG Global investment views come from Actuary: Mercer HR Consulting Ltd Barings’ Strategic Policy Group, the Independent Trustee: IPT company’s global macro research and Auditor: KPMG asset allocation group, chaired by Marino Administrator: Mercer HR Consulting Valensise, Head of Global Multi Asset. Ltd The foundation of our approach is our Investment Consultant: Mercer HR research programme that feeds into the Consulting Ltd
70 IAPF YEARBOOK 2018 B
Numbers Numbers BCP Asset Management Total Number of Employees: 59 Total Number of Employees: 100 Pensioners: 3 Deferred Pensioners: 38 Founded in 1969 BCP is a specialist Active Members: 59 Active Members: 75 structured product provider of capital Total Scheme Members: 62 Total Scheme Members: 113 secure bonds for investments and Categories Categories pensions. BCP currently manage over Integrated with State Scheme: Yes Irish Pension Scheme: Yes €2.5bn in assets for personal, corporate Irish Pension Scheme: Yes DB/DC: Defined Contribution and pension investors. Self Administered Scheme: No Contributory/Non-Contributory: DB/DC: Defined Benefit Contributory Address Segregated/Unitised and Insured: Have Member Trustees: Yes 71 Upper Leeson Street Unitised Corporate/Individual Tr/Both: Dublin 4 Corporate/Individual Tr/Both: Individual Trustee Ireland Corporate Body Tel: +353 1 6684688 www.bcp.ie Bausch + Lomb Ireland Contacts BASF Ireland Limited Member Rep: Adrian Missen Bausch + Lomb is a multinational BASF Ireland Limited markets a wide corporation and world leader in eye care range of BASF products and supplies technology. BearingPoint Ireland leading manufacturing industries and the agricultural sector. Its biggest Address Management and Technology Consultants customers are pharmaceutical and Waterford Industrial Estate chemical manufacturers and companies Cork Road Address in the cosmetics, plastics, nutrition and Waterford Montague House speciality chemicals sectors. Ireland Adelaide Road Tel: +353 51 355001 Dublin D02 K039 Address www.bausch.com Ireland PO Box 4, Earl Road Contacts Tel: +353 1 4181111 Cheadle Hulme Member Rep: Paula Giles www.BearingPoint.com Cheadle Pension Manager: Paula Giles Cheshire SK8 6QG Contacts Finance: Mary Kennedy United Kingdom Member Rep: Kevin O’Reilly Tel: +44 161 4856222 Providers Trustee: Deirdre Hanley, Neil Kelly, Peter www.basf.com Auditor: PwC Minogue, Gary Mullane, Kevin O’Reilly HR: Deirdre Hanley Contacts Categories Finance: Kevin O’Reilly Member Rep: Alison Wilkins Irish Pension Scheme: Yes CEO/Managing Director: Peter Minogue Pension Manager: Alison Wilkins DB/DC: Defined Contribution Trustee: Alison Wilkins Fund Range: 0-25M Numbers Have Member Trustees: Yes Deferred Pensioners: 101 Active Members: 120 Total Scheme Members: 221
IAPF YEARBOOK 2018 71 B
Categories Address Providers DB/DC: Defined Contribution 16 Roden Place Investment Consultant: bfinance Contributory/Non-Contributory: Both Dundalk Numbers Fund Range: 0-25M Co Louth Total Number of Employees: 70 Segregated/Unitised and Insured: Ireland Unitised Tel: +353 818 432432 Categories Corporate/Individual Tr/Both: Both www.bespoketrustees.ie Have Member Trustees: No Contacts Member Rep: John McDonnell Bespoke Trustees Ltd BlackRock Investment Management (UK)Ltd bfinance Address bfinance provides highly customised 2 Ballsbridge Park investment implementation support to Ballsbridge pension funds and other institutional Dublin 4 asset owners. We seek to put power in Ireland investors’ hands through flexibility, Tel: +353 1 2467004 specialist expertise and a team that www.blackrock.com acts as an extension of our clients’ resources. With senior staff drawn from Contacts Member Rep: Adele Spillane Bespoke Trustees Ltd was set up in 2006 portfolio management, research and to facilitate the set up and on-going academia as well as consultancy, the Categories administration of self-administered firm combines practitioner experience DB/DC: Defined Benefit pension schemes (SAPS), self-directed with interdisciplinary capability. Contributory/Non-Contributory: Both personal retirement bonds (PRB), and Established in 1999, bfinance has worked Fund Range: 0-25M self-administered approved (minimum) for more than 300 institutional clients Have Member Trustees: No retirement funds (A(M)RF) for its clients. across 32 countries, operating out of six Corporate/Individual Tr/Both: Both We are a Revenue approved Pensioneer international offices. The firm has been Trustee, a Registered Administrator recognised with numerous industry approved by the Pensions Authority for awards for innovation and investment company pension schemes, and a trustee consultancy. of exempt unit trusts. We pride ourselves on our competitive pricing and strong Address customer service and focus. We work 36 Queen Street closely with financial advisors to ensure London EC4R 1BN clients are maximising the benefits United Kingdom available from their self-administered Tel: +44 20 77478602 pension vehicles. www.bfinance.com Contacts Member Rep: Paul Doyle Director: Paul Doyle
72 IAPF YEARBOOK 2018 B
BMO Global Asset Management BNY Mellon Investment Contacts Management EMEA Limited Member Rep: Ned Meaney BMO Global Asset Management is a global investment manager with offices in more than 25 cities in 14 countries, delivering service excellence to clients BOC Gases Ireland Ltd across five continents. We offer an established range of global investment Address capabilities and solutions including P.O. Box 201 Liability Driven Investment, Active Fixed Bluebell BNY Mellon is a global investments Income, Specialist Equity, Property, ESG, Dublin 12 company dedicated to helping its clients and Alternative strategies including Risk Ireland manage and service their financial assets Premia. Tel: +353 1 4091858 throughout the investment lifecycle. Our four major investment centres in Whether providing financial services for Contacts Toronto, Chicago, London and Hong institutions, corporations or individual Member Rep: Matt Carroll Kong are complemented by a network investors, BNY Mellon delivers informed Trustee: Matt Carroll, Gerry Donovan, of world-class boutique managers investment management and investment Bruce Doolan, John Feely, Bernard strategically located across the globe: services in 35 countries and more than Hudson, John Leonard BMO Real Estate Partners, LGM 100 markets. HR: Matt Carroll Investments, Pyrford International Ltd. Pension Manager: Matt Carroll and Taplin, Canida & Habacht, LLC. As of June 30, 2017, BNY Mellon had Director: Gerry Donovan $31.1 trillion in assets under custody and/ Finance: Bruce Doolan BMO Global Asset Management has or administration, and $1.8 trillion in CEO/Managing Director: Andreas £189.3 billion in assets under management assets under management. BNY Mellon Bieringer (as at 30 June 2017) and is a signatory of can act as a single point of contact for Providers the United Nations-supported Principles clients looking to create, trade, hold, Investment Manager: State Street Global for Responsible Investment initiative manage, service, distribute or restructure Advisors Ireland, Insight Investment, (UNPRI). investments. Irish Life Investment Managers, Stone BNY Mellon is the corporate brand of The Harbour Address Bank of New York Mellon Corporation Solicitors: McCann FitzGerald BMO Global Asset Management (NYSE: BK). Additional information is Accountant: Grant Thornton Exchange House available on www.bnymellon.com, or Actuary: Willis Towers Watson Primrose Street follow us on Twitter @BNYMellon. Auditor: Grant Thornton London EC2A 2NY Numbers United Kingdom Address Total Number of Employees: 295 Tel: +44 (0) 20 7011 5230 The Bank of New York Mellon Centre Deferred Pensioners: 133 www.bmogam.com 160 Queen Victoria Street Pensioners: 157 London EC4V 4LA Active Members: 175 Contacts United Kingdom Total Scheme Members: 465 Director - Institutional Business: Tel: +44 207 1632567 Categories Paul Myles www.bnymellonim.com Integrated with State Scheme: No Irish Pension Scheme: Yes
IAPF YEARBOOK 2018 73 B
Self Administered Scheme: Yes Boots Retail Ireland Numbers DB/DC: Multi Total Number of Employees: 1669 Contributory/Non-Contributory: Deferred Pensioners: 269 Contributory Address Pensioners: 1774 Fund Range: 26-100M Unit 2F Block 71A Active Members: 1401 Segregated/Unitised and Insured: Parkwest Business Park Total Scheme Members: 3444 Unitised Dublin 12 Categories Have Member Trustees: Yes Ireland Integrated with State Scheme: Yes Corporate/Individual Tr/Both: Tel: +353 1 7780000 Irish Pension Scheme: Yes Individual Trustee www.boots.ie Self Administered Scheme: No DB/DC: Defined Benefit Contributory/Non-Contributory: Boliden Tara Mines Designated Bord na Móna plc Contributory Activity Company Size of Fund: €300,000,000 Bord na Móna is a major international Fund Range: 251-500M supplier of goods and services based Mining Company in operation since 1977 Have Member Trustees: Yes on peat. It operates through four main producing zinc and lead concentrates for Corporate/Individual Tr/Both: subsidiary companies which produce peat export. Individual Trustee for electricity generation; manufacture, import and distribute a range of products Address for domestic heating; produce and Knockumber House export a range of horticultural growing Boston Scientific Ireland Ltd Knockumber Road media; produce a range of pollution Navan abatement systems and provide extensive Address Co Meath C15 NH63 laboratory and consultancy services for Ballybrit Business Park Ireland environmental protection. Galway Tel: +353 46 9082000 Ireland Parent Company: Boliden AB Address Tel: +353 91 756300 Contacts Financial Shared Service Centre www.bsci.com Member Rep: Tadg Farrell Main Street Contacts Trustee: Alan Broxson, Tadg Farrell, Newbridge Member Rep: Angela Burke Richard McGlew, Eoghan O’Neill Co Kildare HR: Angela Burke HR: Eoghan O’Neill Ireland Tel: +353 45 439000 Providers Numbers Auditor: EY Total Number of Employees: 690 Contacts Member Rep: Siobhán Caulfield Solicitors: McCann FitzGerald Categories Trustee: Joe Coleman Investment Manager: ILIM, State Street DB/DC: Multi HR: Siobhán Caulfield Global Advisors Ireland Contributory/Non-Contributory: Both Numbers Fund Range: 101-250M Providers Total Number of Employees: 2895 Have Member Trustees: Yes Actuary: Willis Towers Watson Deferred Pensioners: 590 Corporate/Individual Tr/Both: Auditor: Mazars Active Members: 2300 Individual Trustee Solicitors: Arthur Cox Investment Manager: State Street Global Total Scheme Members: 2890 Advisors Ireland 74 IAPF YEARBOOK 2018 B —C
Categories Tel: +353 87 7679131 Malahide Road Integrated with State Scheme: No www.candcgroupplc.com Coolock Irish Pension Scheme: Yes Dublin 5 Providers Self Administered Scheme: Yes Ireland Investment Manager: State Street Global DB/DC: Defined Contribution Tel: +353 1 8668301 Advisors Ireland, BMO Global Asset Contributory/Non-Contributory: www.mondelezinternational.ie Management, Principal Global Investors, Contributory Capital International, BNY Mellon Asset Contacts Size of Fund: €35,000,000 Management Ltd, PIMCO, Standard Life, Member Rep: Fintan O’Reilly Fund Range: 26-100M Insight Investment, Irish Life Investment Trustee: Michael Doran, Dan Ferrari, Segregated/Unitised and Insured: Managers, IPUT, Ruffer John Hynes, Thomas Maher, Gerard Unitised Solicitors: McCann FitzGerald OReilly, Allan Whalley, Harry Have Member Trustees: Yes Actuary: Mercer HR Consulting Ltd Worthington Corporate/Individual Tr/Both: Independent Trustee: Trustee Principles Pension Manager: Fintan O’Reilly Individual Trustee Auditor: EY Finance: Dan Ferrari Numbers Providers Total Number of Employees: 1579 Investment Manager: Legal & General, C&C Group plc Deferred Pensioners: 764 State Street Global Advisors Ireland, Pensioners: 465 G.S.A.M., M&G, Blackrock C&C Group plc is a leading manufacturer, Active Members: 75 Solicitors: A&L Goodbody marketer and distributor of branded Total Scheme Members: 1304 Investment Consultant: Mercer cider, beer, wine and soft drinks. C&C Investment Consulting Categories manufactures Bulmers, the leading Irish Custodian: Northern Trust Integrated with State Scheme: Yes cider brand, Magners, the premium Actuary: Willis Towers Watson Irish Pension Scheme: Yes international cider brand, the C&C Auditor: PwC Brands range of English ciders and the Self Administered Scheme: No Tennent’s beer brand. C&C also owns and DB/DC: Multi Numbers manufactures Woodchuck and Hornsby’s, Contributory/Non-Contributory: Total Number of Employees: 670 two leading craft cider brands in the Contributory Deferred Pensioners: 567 United States. The Group also distributes Size of Fund: €160,000,000 Pensioners: 1451 a number of beer brands in the Scottish, Fund Range: 101-250M Active Members: 538 Irish and Northern Irish markets, Segregated/Unitised and Insured: Total Scheme Members: 2556 Segregated, Unitised primarily for Anheuser-Busch Inbev and Categories Have Member Trustees: Yes owns Wallaces Express, a Scottish drinks Integrated with State Scheme: Yes Corporate/Individual Tr/Both: Both wholesaler. The Group’s Irish wholesaling Irish Pension Scheme: Yes subsidiary, Gleeson group, owns and Self Administered Scheme: Yes manufactures Tipperary Water and DB/DC: Defined Benefit Finches soft drinks. Cadbury Ireland Pension Trust Contributory/Non-Contributory: Company Ltd by Guarantee Contributory Address Size of Fund: €500 Annerville Fund Range: > 500M Clonmel Address Segregated/Unitised and Insured: Tipperary c/o Mondelez Europe Services GmbH - Segregated, Unitised Ireland Irish Branch Have Member Trustees: Yes
IAPF YEARBOOK 2018 75 C
Corporate/Individual Tr/Both: Providers Contacts Corporate Body Solicitors: A&L Goodbody Member Rep: Jacqueline Claffey Custodian: Northern Trust Custodial Trustee: Claire Morrison, Mary Tinney Services Ireland Ltd Director: Liam Silke Auditor: KPMG Providers CAE Parc Aviation Actuary: Willis Towers Watson Accountant: KPMG Investment Manager: State Street Global Administrator: Willis Towers Watson Advisors Ireland, KBI Global Investors Address Investment Manager: New Ireland Unit 2.1, Block 2 Ltd, Irish Life Numbers Woodford Business Park Numbers Total Number of Employees: 116 Santry Total Number of Employees: 29 Deferred Pensioners: 18 Dublin D17 E925 Deferred Pensioners: 35 Active Members: 98 Ireland Pensioners: 339 Total Scheme Members: 116 Tel: +353 1 8161777 Active Members: 29 www.caeparcaviation.com Total Scheme Members: 403 Categories Integrated with State Scheme: No Contacts Categories Irish Pension Scheme: Yes CEO/Managing Director: Frank Collins Integrated with State Scheme: Yes Self Administered Scheme: No Trustee: Frank Collins Irish Pension Scheme: Yes DB/DC: Defined Contribution Self Administered Scheme: No Numbers Contributory/Non-Contributory: Both DB/DC: Defined Benefit Total Number of Employees: 130 Size of Fund: €2,722,576 Contributory/Non-Contributory: Active Members: 50 Fund Range: 0-25M Contributory Total Scheme Members: 50 Segregated/Unitised and Insured: Size of Fund: €90,000,000 Segregated Categories Fund Range: 26-100M Have Member Trustees: Yes Irish Pension Scheme: Yes Segregated/Unitised and Insured: Corporate/Individual Tr/Both: DB/DC: Defined Contribution Segregated Corporate Body Contributory/Non-Contributory: Have Member Trustees: Yes Contributory Corporate/Individual Tr/Both: Corporate Body Cantor Fitzgerald Calor Teoranta Calor Teoranta DC Scheme Cantor Fitzgerald are a leading financial services company, combining Global Address presence and expertise with a local Long Mile Road Address understanding of the Irish market. Walkinstown Long Mile Road We provide investors with access to all Dublin 12 Walkinstown leading asset classes, along with offering Ireland Dublin D12 XP79 a range of investment products and truly Tel: +353 1 4505000 Ireland diversified portfolios to suit investors risk Contacts Tel: +353 1 4505000 profiles. Our services are available on both Member Rep: Cathal Murphy www.calorgas.ie an advisory and execution only basis to Trustee: Sean McCourt, Pat Motyer, cater for a full range of pension investors. Cathal Murphy, Liam Silke, Mary Tinney Finance: Liam Silke 76 IAPF YEARBOOK 2018 C
Address of portfolio managers - all contributing Providers 75 St. Stephens Green their highest conviction ideas and Auditor: EY Dublin 2 importantly providing diversification by Solicitors: Matheson Ireland complementing the other managers on the Investment Manager: KBI Global Tel: +353 1 6333829 team in terms of their coverage and style. Investors Ltd, Northern Trust www.cantorfitzgerald.ie Numbers Capital’s heritage is in the emerging Numbers Total Number of Employees: 160 markets where we offer equity, debt Total Number of Employees: 100 Pensioners: 8 and private equity strategies. In an Active Members: 33 Active Members: 131 environment of higher volatility our Total Scheme Members: 33 Total Scheme Members: 139 objective based, multi-asset strategies, which seek to deliver “lower risk without Categories compromising investment returns” are Integrated with State Scheme: No Capital International Ltd resonating with investors today. We also Irish Pension Scheme: Yes have particular expertise in high yielding Self Administered Scheme: No Capital International Limited (CIL) fixed income. DB/DC: Defined Benefit is a stable and privately owned asset Contributory/Non-Contributory: management firm, a wholly-owned Address Contributory subsidiary of the Capital Group 40 Grosvenor Place Have Member Trustees: Yes Companies, one of the most experienced London SW1X 7GG Corporate/Individual Tr/Both: and successful investment management United Kingdom Corporate Body firms in the world. Founded in Los Tel: +44 207 8645000 Angeles in 1931, Capital has grown www.capgroup.com to become a global presence in the Contacts CBRE Unlimited Company investment industry with 12 investment Member Rep: Emma Friend offices worldwide including London and Marketing: Chris Daley Geneva. Capital International Limited has managed assets on behalf of Irish institutions since 1993 and has since built up a broad base of pension fund clients. Carbery Group As at 30 June 2012, Capital managed in CBRE Group, Inc. (NYSE:CBG), a Fortune excess of EUR 81 bn of institutional assets 500 and S&P 500 company headquartered Address worldwide. in Los Angeles, is the world’s largest Ballineen commercial real estate services and Co Cork P47 YW77 Capital focuses on traditional long- investment firm (based on 2015 revenue). Ireland term investing, concentrating on The Company has more than 70,000 Tel: +353 23 8822200 company fundamentals, believing that employees (excluding affiliates), and www.carbery.com this approach is the most enduring serves real estate investors and occupiers way to add value and will benefit Contacts through more than 400 offices (excluding investment portfolios both in the Member Rep: Colm Leen affiliates) worldwide. CBRE offers a broad current environment and in the future. Finance: Colm Leen range of integrated services, including Our research is focused on industries Managing Director: Dan MacSweeney facilities, transaction and project globally, rather than specific countries management; property management; or regions. We also firmly believe that investment management; appraisal and portfolios should be managed by a team valuation; property leasing; strategic IAPF YEARBOOK 2018 77 C consulting; property sales; mortgage Central Bank of Ireland Numbers services and development services. Total Number of Employees: 111 Active Members: 105 In Ireland, with offices in Dublin and Address Total Scheme Members: 105 Belfast, CBRE is the country’s largest New Wapping Street commercial real estate services company, North Wall Quay Categories now employing over 165 employees and Dublin 1 Integrated with State Scheme: No offering a full range of property services Ireland Irish Pension Scheme: Yes including property sales and acquisitions; Tel: +353 1 2246857 Self Administered Scheme: No DB/DC: Defined Contribution leasing and management; investment; Contacts corporate services; debt advisory; project Contributory/Non-Contributory: Member Rep: Renee Behan Contributory management; consultancy; business rates HR: Renee Behan, Jacinta Whearty and compulsory purchase; valuations and Fund Range: 0-25M research. Please visit www.cbre.ie Have Member Trustees: Yes Corporate/Individual Tr/Both: Both Address Connaught House CHC Ireland Pension Scheme One Burlington Road Citibank Europe plc Dublin 4 CHC Ireland is contracted by the Irish Coast Guard to provide the helicopter Ireland Citi and its predecessors have had a Search and Rescue service in Ireland. Tel: +353 618 5500 presence in Ireland since 1965 and was Operating from bases in Dublin, www.cbre.ie one of the first foreign banks to open an Shannon, Sligo and Waterford with a fleet office in the country. Contacts of 5 Sikorsky S92A helicopters, we provide Member Rep: Eddie McNestry coverage of the Irish Sea, the busy south We offer a broad range of financial Trustee: Deirdre Bodley, Enda Luddy, coast and to a range of 200Nm into the services and products in Ireland. These Eddie McNestry Atlantic. CHC also provides helicopter include cash management, derivatives, Finance: Eddie McNestry support to Ireland’s offshore oil and gas investor products, corporate finance, industry. Providers trade services, custody, trustee services, Administrator: Zurich fund administration, transfer agency and Investment Manager: Zurich Address shareholder services. CHC Ireland Categories Search and Rescue Unit The businesses operating in Ireland Integrated with State Scheme: No Shannon Airport include treasury and trade solutions, Irish Pension Scheme: Yes Clare securities and fund services, corporate Self Administered Scheme: No Ireland and investment banking and capital DB/DC: Defined Contribution Tel: +353 61 771000 markets. Dublin also has a Citi Service Contributory/Non-Contributory: www.chcsar.com Centre, one of four in the EMEA region Contributory that services businesses in more than 52 Fund Range: 0-25M Contacts countries. The first Citi Innovation Lab Segregated/Unitised and Insured: Member Rep: Liam Hannon dedicated to research and development in Unitised Trustee: Liam Hannon the financial services industry is located Have Member Trustees: No in Dublin. Corporate/Individual Tr/Both: Individual Trustee
78 IAPF YEARBOOK 2018 C
Citibank Europe plc is an Irish-regulated City Life Limited Clarus Investment Solutions bank headquartered in Dublin and has a diversified product base covering 20 Clarus Investment Solutions offers a range global and regional products. The bank of investment-related services to pension operates branches in Poland, the Czech fund trustees and other fiduciaries/ Republic, Hungary, Slovakia, Romania advisors. The firm’s partners (Paul and Bulgaria. McCarville and Joe Mottley) are highly experienced investment professionals Address Established in 1971, City Life is a firm who are very familiar with the pensions 1 North Wall Quay of expert pension advisors, financial landscape. Dublin 1 planners and corporate scheme Ireland consultants. City Life provides advice and Address Tel: +353 1 6222000 management services for private clients, Suite 403 www.citigroup.com corporate clients and scheme members 22/23 Upper Pembroke Street alike and is an independent, family owned Dublin 2 Contacts Irish company. Member Rep: Martina Williamson Ireland Trustee: Catherine Brady, Colin Tel: +353 1 6310211 Moreland, Donal Murphy, Cecilia Ronan, Address www.clarus.ie Nore House Martina Williamson, Tony Woods Contacts Bessboro Road HR: Martina Williamson Member Rep: Paul McCarville CCO/CEO: Aidan Brady Blackrock Cork T12 XY7H Categories Numbers Ireland DB/DC: Defined Benefit Total Number of Employees: 2030 Tel: +353 21 4358533 Contributory/Non-Contributory: Both Categories www.citylife.ie Fund Range: 0-25M Corporate/Individual Tr/Both: Both Integrated with State Scheme: No Contacts Irish Pension Scheme: Yes Member Rep: Dermot O’Mahoney Self Administered Scheme: No Trustee: Dermot O’Mahoney DB/DC: Defined Contribution CEO/Managing Director: Eamon Dwyer Coillte CGA Contributory/Non-Contributory: Director: Stephen Barry Non Contributory Commercial semi-state. Have Member Trustees: No Providers Corporate/Individual Tr/Both: Auditor: EY Corporate Body Solicitors: Ronan Daly Jermyn Address Dublin Road Numbers Newtownmountkennedy Total Number of Employees: 13 Co. Wicklow Ireland Tel: +353 1 2011111 www.coillte.ie Contacts Member Rep: Serena Considine Trustee: Bill Stanley
IAPF YEARBOOK 2018 79 C
Providers Columbia Threadneedle United Kingdom Investment Manager: State Street Global Investments Tel: +44 207 4645000 Advisors Ireland, North American www.columbiathreadneedle.com Forestry Investment Trust, ILIM, Davy Contacts Stockbrokers, Standard Life Investments, Member Rep: Jon Dadswell Mercer Investment Management, Investment: Jon Dadswell Insight Investment, Newton Investment Management, Zurich Solicitors: A&L Goodbody Accountant: Willis Towers Watson Columbia Threadneedle Investments is a Actuary: Mercer leading global asset management group Commscope EMEA Limited Auditor: PwC that provides a broad range of actively- Administrator: Willis Towers Watson managed investment strategies and Address Numbers solutions for clients around the world. Corke Abbey Avenue Deferred Pensioners: 173 Bray Pensioners: 1419 With more than 2,000 people including Co Wicklow Active Members: 429 over 450 investment professionals based Ireland Total Scheme Members: 2021 in North America, Europe and Asia, we Tel: +353 1 2042085 manage €414 billion of assets (as www.commscope.com Categories at 30 June 2016) across developed and Integrated with State Scheme: Yes emerging market equities, fixed income, Contacts Irish Pension Scheme: Yes asset allocation solutions and alternatives. Member Rep: Niamh Hewitt Self Administered Scheme: Yes Director: Kevin O’Loughlin DB/DC: Defined Benefit We aim to deliver excellent investment CEO/Managing Director: Kevin Contributory/Non-Contributory: outcomes for our clients through a O’Loughlin Contributory team-based, performance-driven and HR: Niamh Hewitt Size of Fund: €258,000,000 risk-aware investment approach. Our Providers Fund Range: 251-500M culture is dynamic and interactive. By Accountant: Willis Towers Watson Segregated/Unitised and Insured: sharing our insights across asset classes Actuary: Willis Towers Watson Segregated and geographies we generate richer Have Member Trustees: Yes perspectives on global, regional and local Numbers Corporate/Individual Tr/Both: investment landscapes, resulting in better- Total Number of Employees: 149 Individual Trustee informed investment decisions for our Deferred Pensioners: 33 clients. Active Members: 121 Total Scheme Members: 154 As part of Ameriprise Financial, Inc., Categories a leading US-based financial services Integrated with State Scheme: Yes provider, we are supported by a large and Irish Pension Scheme: Yes well-capitalised parent company. Self Administered Scheme: No DB/DC: Defined Contribution Address Contributory/Non-Contributory: Cannon Place Contributory 78 Cannon Street Size of Fund: €13,668,252 London EC4N 6AG Fund Range: 101-250M
80 IAPF YEARBOOK 2018 C
Have Member Trustees: No Address Construction Workers’ Pension Corporate/Individual Tr/Both: Canal House Scheme Corporate Body Canal Road Dublin 6 The Construction Workers Pension Ireland Scheme (CWPS) is the industry-wide Tel: +353 1 4071430 Computershare Investor Services pension scheme for the construction www.cers.ie industry in Ireland. The Scheme, with (Ireland) Limited Contacts assets in excess of €1.1billion, provides Member Rep: Frances McNally members with financial security Address throughout their working lives and in Heron House Providers retirement, in an easy to understand and Corrig Road Investment Manager: ILIM, State Street cost effective manner. Sandyford Industrial Estate Global Advisors Ireland, Aberdeen Dublin 18 Standard Investments, F & C Ireland, The Scheme is governed by a Trustee Ireland KBI, BNY Mellon Asset Management Ltd, company, CWPS Trustees Ltd, consisting Tel: +353 (0)1 4475566 IPUT, Irish Forestry Unit Trust of five Employers and five Member (Trade www.computershare.com/ie Solicitors: Arthur Cox Union) Directors and the Chairman. The Investment Consultant: Appian Asset Scheme is administered by a dedicated Numbers Management pension administration company CPAS Total Number of Employees: 100 Actuary: Willis Towers Watson Ltd. Deferred Pensioners: 17 Auditor: Grant Thornton Pensioners: 3 Administrator: CIF Pension Address Active Members: 31 Administration Services Ltd Canal House Total Scheme Members: 51 Canal Road Categories Yes Numbers Dublin 6 DB/DC: Defined Contribution Total Number of Employees: 7 Ireland Contributory/Non-Contributory: Deferred Pensioners: 2115 Tel: +353 1 4977663 Contributory Pensioners: 1068 Active Members: 1757 www.cwps.ie Total Scheme Members: 4940 Contacts Categories Member Rep: Kevin Walsh Construction Executive Irish Pension Scheme: No Trustee: Conor Lynch, Jim Moore, Joseph Retirement Savings Self Administered Scheme: No O’Brien, Andrew O’Gorman, Tony DB/DC: Multi O’Leary, Brendan O’Sullivan, Billy Wall CERS (Construction Executive Contributory/Non-Contributory: Both Providers Retirement Savings) is an industry Size of Fund: €511,824,000 Investment Manager: State Street wide scheme, which provides pension Fund Range: > 500M Global Advisors Ireland, Irish Life, arrangements for core employees of Have Member Trustees: No KBI Global Investors Ltd, Aberdeen approx 200 companies in the construction Corporate/Individual Tr/Both: Standard Investments, Fusion Alternative and related industries. Corporate Body Investments, Principal Global Investors Property Adviser: Jones Lang LaSalle, CBRE Solicitors: Eversheds Sutherland Investment Consultant: Acuvest
IAPF YEARBOOK 2018 81 C
Investment Advisers Numbers Active Members: 8660 Custodian: BOI Security Services & Active Members: 14 Total Scheme Members: 16833 Northern Trust Total Scheme Members: 14 Categories Actuary: Willis Towers Watson Categories Integrated with State Scheme: No Auditor: Mazars Irish Pension Scheme: Yes Irish Pension Scheme: Yes Administrator: CIF Pension DB/DC: Defined Benefit Self Administered Scheme: Yes Administration Services Ltd Contributory/Non-Contributory: Both DB/DC: Defined Benefit Numbers Fund Range: 0-25M Contributory/Non-Contributory: Total Number of Employees: 40 Corporate/Individual Tr/Both: Both Contributory Deferred Pensioners: 287500 Size of Fund: €1,986,122,000 Pensioners: 7820 Fund Range: > 500M Active Members: 23000 Segregated/Unitised and Insured: Total Scheme Members: 318320 Coras Iompair Éireann Segregated Have Member Trustees: Yes Categories Provider of Transport Services Corporate/Individual Tr/Both: Integrated with State Scheme: No throughout the Republic of Ireland. Individual Trustee Irish Pension Scheme: Yes Self Administered Scheme: No Address DB/DC: Hybrid Heuston Station Contributory/Non-Contributory: Dublin D08 E2CV Cornmarket Group Financial Contributory Ireland Services Size of Fund: €1,200,000,000 Tel: +353 1 7032050 Fund Range: > 500M www.cie.ie Segregated/Unitised and Insured: Segregated, Unitised Contacts
Have Member Trustees: Yes Member Rep: Tony Murray Corporate/Individual Tr/Both: Trustee: Liam Darby, Geraldine Finucane, Corporate Body Andrea Keane Pension Manager: Tony Murray Cornmarket is a leading provider of financial services to members of affinity Providers groups. The Company specialises in Cope Foundation Custodian: JP Morgan the provision of life and risk insurance Auditor: Deloitte products, AVCs, motor, home and health Solicitors: CIE Solicitors insurance. Cornmarket is part of the Address Investment Manager: ILIM, Henderson, Great-West Lifeco group of companies. Bonnington Schroder Investment Management, Montenotte Wellington Management, KBI Global Address Cork Investors Ltd, Walter Scott, G.S.A.M., Liberties House Ireland Delta Partners, ACT Venture Capital, Christchurch Square Tel: +353 21 4643100 Insight Investment, JPMorgan www.cope-foundation.ie Dublin 8 Numbers Ireland Contacts Total Number of Employees: 10300 Tel: +353 1 4084000 Member Rep: Aine O’Callaghan Deferred Pensioners: 1950 www.cornmarket.ie Pensioners: 6223
82 IAPF YEARBOOK 2018 C—D
Contacts Contacts Contacts Member Rep: Mary-Jane Halpin Member Rep: Lynda Coyne Member Rep: Richard Kelly CEO/Group Managing Direct: Roddy Director: Lynda Coyne Pension Manager: Richard Kelly Murphy Numbers HR: Mary-Jane Halpin Total Number of Employees: 3316 Finance: Micheál Carroll Deferred Pensioners: 477 Providers daa plc Active Members: 2262 Auditor: KPMG Total Scheme Members: 2739 Actuary: Irish Life daa operates Dublin and Cork airports Categories Investment Manager: Irish Life in Ireland and has significant overseas Integrated with State Scheme: No businesses through its ARI and daa Numbers Irish Pension Scheme: Yes International subsidiaries. Total Number of Employees: 300 DB/DC: Defined Contribution Deferred Pensioners: 42 Dublin and Cork airports are the two Fund Range: 101-250M Pensioners: 7 largest airports in the Republic of Segregated/Unitised and Insured: Active Members: 217 Ireland, welcoming a combined 30.1 Unitised Total Scheme Members: 266 million passengers in 2016. ARI is a Have Member Trustees: Yes Categories leading international travel retailer, with Integrated with State Scheme: Yes operations in 10 countries and also hold Irish Pension Scheme: Yes the Group’s 20% stake in Düsseldorf Dairygold Co-Operative Airport. daa International is an airport Self Administered Scheme: No Society Ltd DB/DC: Multi management, aviation advisory services and training business. Contributory/Non-Contributory: Ireland’s Leading Farmer Owned Dairy Contributory The Group’s core purpose is to connect and Agri Co-Operative that Delivers Fund Range: 26-100M Sustainable Global Solutions. The Society Segregated/Unitised and Insured: Ireland with the world and its vision is to be an airport industry leader that will headquarters are located in Mitchelstown, Segregated, Unitised Co. Cork. We are a multipurpose Co- Have Member Trustees: Yes grow its business by delivering great service and value for airlines, passengers operative with three distinct businesses, Corporate/Individual Tr/Both: Dairy, Agri and Retail. Corporate Body and business partners. We have a strong commercial focus and work closely with our customers and stakeholders Address to help meet their needs in a dynamic Clonmel Road Coyne & Culloty Insurance & marketplace. Mitchelstown Financial Services P67 DD36 Address Co Cork Old Central Terminal Building Ireland Address Dublin Airport Tel: +353 25 44533 2 Main Street Dublin www.dairygold.ie Killarney Ireland Co Kerry Providers Tel: +353 1 8141111 Ireland Auditor: Deloitte www.daa.ie Tel: +353 64 6631274 Investment Consultant: Mercer HR www.coyneculloty.com Consulting Ltd Actuary: Mercer HR Consulting Ltd
IAPF YEARBOOK 2018 83 D
Independent Trustee: IPT Davy Asset Management Have Member Trustees: No Administrator: Mercer HR Consulting Corporate/Individual Tr/Both: Corporate Ltd Davy Asset Management manages Investment Manager: ILIM investments on behalf of our clients across equity, fixed income, multi-manager Categories Davy Real Estate Integrated with State Scheme: Yes and alternative investment strategies. Our investment solutions include Global Self Administered Scheme: No The Davy Irish Property Fund (“DIPF” Equity Income, Global Equity, Global DB/DC: Multi or “the Fund”) is a commercial property Small and Mid-Cap Equities, Global Contributory/Non-Contributory: Both fund invested 100% in Irish property and Ethical Equity, Global Brands and Global Have Member Trustees: Yes available for investment by Qualifying Bond. Corporate/Individual Tr/Both: Both Investors from Ireland and overseas. The Davy Asset Management is part of the Fund aims to provide investors with a Davy Group, one of Ireland’s leading long term investment in Irish commercial Danske Bank (Ireland) Pensions financial services firms, providing wealth property while providing quarterly income distributions. DAC management, asset management, capital markets and financial advisory services, to domestic and international clients for 90 Address Address years. The Davy Group manages assets on 49 Dawson Street International House behalf of Irish and international clients. Dublin 2 3 Harbourmaster Place Davy is a privately owned business, 100% Ireland IFSC owned by Davy management and staff. Tel: +353 87 7603030 Dublin D01 K8F1 www.davy.ie/real-estate/dipf Ireland Members Address Contacts Tel: +44 28 90048514 Davy House Member Rep: Simon MacKinnon Contacts 49 Dawson Street Investment: Simon MacKinnon Member Rep: Brett Armstrong Dublin 2 Categories Pension Manager: Brett Armstrong Ireland Size of Fund: €1,400,000,000 Trustee: Colin Cunningham Tel: +353 1 6148874 www.davyassetmanagement.com Fund Range: > 500M Providers Segregated/Unitised and Insured: Investment Manager: ILIM, Insight Contacts Unitised Investment Member Rep: Tim Kelly Corporate/Individual Tr/Both: Solicitors: Matheson Trustee: Peter Newman Corporate Body Investment Consultant: Mercer Finance: Peter Newman Actuary: Willis Towers Watson Numbers Auditor: KPMG Total Number of Employees: 600 Administrator: Equiniti Paymaster Categories Numbers Integrated with State Scheme: No Total Number of Employees: 60 Irish Pension Scheme: Yes Deferred Pensioners: 886 Self Administered Scheme: Yes Pensioners: 543 DB/DC: Defined Contribution Active Members: 30 Contributory/Non-Contributory: Total Scheme Members: 1459 Contributory
84 IAPF YEARBOOK 2018 D
DCC plc Dechert LLP Contacts Member Rep: Mark Browne Dechert is a global specialist law firm and a leading adviser to financial services firms, asset managers and investment funds, representing clients ranging Dell Computer Corporation from boutique operations to some of the largest financial institutions in the Address International sales, marketing and world. Our international team of lawyers Cherrywood Science & Technology Park support services group, headquartered in helps clients launch funds, raise capital, Cherrywood Dublin with operations in 15 countries. achieve tax efficiency and meet regulatory Dublin 18 requirements. We advise a comprehensive Dublin range of clients on the use of tailored Address Ireland international fund structures, including DCC House Tel: +353 1 2044910 open- and closed-end funds, exchange- Leopardstown Road www.dell.ie traded funds, insurance products, offshore Foxrock Contacts funds and hedge funds. Dublin 18 Member Rep: Kate Brady
Ireland HR: Kate Brady With approximately 180 financial services Tel: +353 1 2799400 lawyers working throughout 18 offices www.dcc.ie Numbers firmwide, Dechert is the only law firm Total Number of Employees: 1990 Contacts with offices in the key fund jurisdictions Deferred Pensioners: 2320 Member Rep: Gerard Whyte of London, Dublin and Luxembourg. We Active Members: 1633 Trustee: Gerard Whyte are consistently recognized as a top law Total Scheme Members: 3953 firm for investment funds by a number Providers Categories of publications in the U.S., Europe, Asia Auditor: PwC Irish Pension Scheme: Yes and the Middle East, including Chambers, Solicitors: William Fry DB/DC: Defined Contribution The Legal 500 and Best Lawyers. Dechert Administrator: Mercer HR Consulting has a team that focuses on European- Ltd domiciled fund clients and European- Categories domiciled promoters, investment advisers, Integrated with State Scheme: Yes distributors and other service providers Irish Pension Scheme: Yes to funds established in various European Self Administered Scheme: No and non-European jurisdictions. Dechert DB/DC: Multi is the firm of choice for many of the Contributory/Non-Contributory: Both world’s largest fund managers seeking Segregated/Unitised and Insured: comprehensive, cross-border service. Unitised Have Member Trustees: Yes Address Corporate/Individual Tr/Both: 3 George’s Dock Individual Trustee IFSC Dublin D01 X5X0 Ireland Tel: +353 1 4368511 www.dechert.com
IAPF YEARBOOK 2018 85 D
Deloitte Have Member Trustees: No Categories Corporate/Individual Tr/Both: Both Irish Pension Scheme: Yes DB/DC: Defined Contribution
Deutsche Asset Management Diageo Ireland Deloitte is one of the largest global With around €711 billion of assets under professional services and consulting management (June 2017), Deutsche Consumer goods company with portfolio networks. With over 220,000 professionals Asset Management is one of the world’s of world famous drinks brands. in more than 150 countries, we bring leading investment managers. Deutsche world-class capabilities and high-quality Asset Management offers individuals and Address services to our clients. In Ireland, Deloitte institutions traditional and alternative Diageo Pension Office has over 2,000 people providing audit, tax, investments across all major asset classes. Edinburgh Park consulting, and corporate finance services 5 Lochside Way to public and private clients spanning Not just a global firm, we are a truly Edinburgh, Lothian EH12 9DT multiple industries. Our people have the global organisation. Deutsche Asset United Kingdom leadership capabilities, experience, and Management is united in the pursuit Tel: +44 131 5192273 insight to collaborate with clients so they to deliver innovative solutions and www.mydiageopension.com can move forward with confidence. sustainable performance, no matter the product. With 60 years in Active, 40 Contacts Address years in Alternatives and over 10 years Member Rep: Michelle Elliott Deloitte & Touche House in Passives, we are leaders in our fields of Providers 29 Earlsfort Terrace investment. Investment Manager: Morgan Stanley Dublin 2 Investment Managers, Irish Property Ireland A big driver for the creation of innovative Unit Trust, Blackrock, Irish Life, Oakhill, Tel: +353 1 4172200 solutions, are our people and their fresh Unigestion, M&G thinking. Agility of minds is paired with Contacts Solicitors: William Fry diversity of our teams as we are convinced Member Rep: Niamh Mulvihill Custodian: Northern Trust that different perspectives lead to better Pension Manager: Niamh Mulvihill Actuary: Willis Towers Watson outcomes. Today, we combine creativity Finance: Kevin Sheehan Auditor: EY and intelligence with technology to Providers develop new ways of serving the financial Numbers Actuary: Mercer needs of our diverse clientele worldwide. Total Number of Employees: 828 Auditor: OKC Business Services Ltd Deferred Pensioners: 1075 Pensioners: 3563 Solicitors: Arthur Cox Address Active Members: 546 Administrator: Willis Towers Winchester House Total Scheme Members: 5184 Watson, Mercer 1 Great Winchester Street Categories London EC2N 2DB Categories Irish Pension Scheme: Yes United Kingdom Irish Pension Scheme: Yes DB/DC: Multi Tel: +44 207 5452755 Self Administered Scheme: Yes Contributory/Non-Contributory: www.deutscheam.com DB/DC: Defined Benefit Contributory/Non-Contributory: Both Contributory Contacts Size of Fund: €1,592,100,000 Fund Range: 26-100M Member Rep: Karl Tuck Fund Range: > 500M
86 IAPF YEARBOOK 2018 A
DUBLIN | LONDON | NEW YORK | SAN FRANCISCO | SILICON VALLEY
Unrivalled expertise
William Fry is a full service Irish law firm. We are dedicated to our clients’ needs and offer unrivalled legal and tax expertise and experience across all business sectors.
For further information, please contact:
Liam Connellan Head of Pensions +353 1 639 5110 [email protected]
Michael Wolfe Partner +353 1 639 5204 [email protected] williamfry.com
IAPF YEARBOOK 2018 87 D
Segregated/Unitised and Insured: Tel: +44 203 0333300 DTS Dedicated Trustee Segregated www.dfaeurope.com Services DAC Have Member Trustees: Yes Contacts Corporate/Individual Tr/Both: Member Rep: Chris Morgan Corporate Body Investment: Chris Morgan
Dimensional Doyle Pension & Insurance For more than 35 years, institutional Management investors have relied on Dimensional to address complex investment challenges. Address DTS is an independent, professional Guided by a strong belief in markets, 114 Pembroke Road trustee company providing trusteeship we offer strategies to help institutional Ballsbridge to Irish occupational pension schemes clients pursue higher expected returns. Dublin 4 on a sole or joint trusteeship basis. Our We have a long history of incorporating Ireland experience and expertise in the pension rigorous academic research into practical Tel: +353 1 6608141 and legal industries is extensive and investment strategies. www.doylepension.ie enables us to deliver trusteeship that is truly practical, relevant, cost effective Our clients include corporations, Contacts Member Rep: Stephen Doyle and independent. Appointing DTS as consultants, nonprofits, DB and DC trustee gives employers the peace of mind pension funds, sovereign wealth funds Numbers that their pension schemes are being and other institutions worldwide. Total Number of Employees: 7 overseen by an independent, professional The longevity of Dimensional’s client trustee with experience across all relevant relationships, many dating back decades, Categories Integrated with State Scheme: No disciplines – actuarial, legal, investment demonstrates our commitment to client and administration. service and the consistency of our Irish Pension Scheme: Yes investment approach. Self Administered Scheme: Yes DB/DC: Multi Address Our goal is to implement the great ideas Contributory/Non-Contributory: Both PO Box 129 in finance through portfolios that target Fund Range: 0-25M Killarney higher expected returns in a cost-effective Have Member Trustees: No Co Kerry manner. We consistently apply our Corporate/Individual Tr/Both: Both Ireland integrated, market-driven approach across Tel: +353 1 8355578 a full suite of global and regional equity www.dtstrustees.ie and fixed income strategies. Contacts Member Rep: Michael Hickey Address CEO/Managing Director: Michael Hickey 20 Triton Street Regent’s Place London Greater London NW1 3BF United Kingdom
88 IAPF YEARBOOK 2018 D—E
Dublin Simon Community Duignan Carthy O’Neill Contacts Member Rep: Dave Bradley Homeless Charity and Company with Duignan Carthy O’Neill are an Trustee: Jim Browne, Paul Callan, Brian over 40 years’ experience offering established firm of chartered accountants Duncan (Chairman), Jim Foley, Brian homeless solutions and housing to providing specialised audit, tax and Loughran, Gerry Nolan, Frank O’Brien, Homeless people in the Leinster region. financial advice to pension funds. Mick Scully Pension Manager: Brian McCann, Ciaran Naughton Address Address 5 Red Cow Lane Chartered Accountants Providers Smithfield 84 Northumberland Road Investment Manager: Irish Life Dublin 7 Dublin 4 Investment Managers, KBI Global Ireland Ireland Investors Ltd, PIMCO Europe, ACT Tel: +353 1 4722113 Tel: +353 1 6682404 Venture Capital, Delta Partners, Fountain www.dubsimon.ie www.dcon.ie Healthcare, Irish Forestry Unit Trust, Seroba Bio Ventures, Irish Property Unit Contacts Contacts Trust, Insight Investment Member Rep: Martin Hannigan Member Rep: Liam McQuaid Property Adviser: Bannon Commercial Finance: Tim Carthy, Liz Murphy Numbers Solicitors: Vincent & Beatty Total Number of Employees: 130 Numbers Custodian: Northern Trust Deferred Pensioners: 15 Total Number of Employees: 25 Actuary: Mercer Active Members: 35 Active Members: 25 Auditor: Duignan Carthy O’Neill Total Scheme Members: 50 Total Scheme Members: 25 Numbers Categories Categories Total Number of Employees: 2161 Integrated with State Scheme: No DB/DC: Defined Benefit Deferred Pensioners: 4746 Irish Pension Scheme: Yes Contributory/Non-Contributory: Both Pensioners: 9403 Self Administered Scheme: Yes Have Member Trustees: Yes Active Members: 2161 DB/DC: Defined Contribution Corporate/Individual Tr/Both: Both Total Scheme Members: 16310 Contributory/Non-Contributory: Categories Non Contributory Integrated with State Scheme: No Size of Fund: €3,175,315 Irish Pension Scheme: Yes Fund Range: 0-25M eircom Main Superannuation Self Administered Scheme: Yes Have Member Trustees: Yes Fund DB/DC: Defined Benefit Corporate/Individual Tr/Both: Both eircom Main Superannuation Fund Contributory/Non-Contributory: Contributory Size of Fund: €4,165,000,000 Address Fund Range: > 500M Leitrim House Segregated/Unitised and Insured: 67-68 Upper Stephen Street Segregated, Unitised Dublin 8 Have Member Trustees: Yes Dublin D08 RKW1 Corporate/Individual Tr/Both: Ireland Individual Trustee Tel: +353 1 7013916
IAPF YEARBOOK 2018 89 E eircom No. 2 Superannuation Fund Range: 251-500M Categories Fund Segregated/Unitised and Insured: Integrated with State Scheme: Yes Segregated, Unitised Irish Pension Scheme: Yes Corporate/Individual Tr/Both: Self Administered Scheme: Yes Address Individual Trustee DB/DC: Defined Benefit Leitrim House 67-68 Upper Stephen Street Dublin D08 RKW1 Ireland EirGrid Elan Corporation plc Tel: +353 1 7013916 Pension Schemes Since 2006, EirGrid has operated and Contacts developed the national high voltage Headquartered in Ireland, Perrigo Member Rep: Dave Bradley electricity grid in Ireland. EirGrid is Company plc is a leading global Trustee: Brendan Clahane, Kevin a state-owned company. EirGrid is healthcare supplier that develops, Conlon, Jim Foley, Ray Lawlor, Joe Maher independent from ESB. We operate the manufactures and distributes over- (Chairman), Frank O’Brien, Paul O’Rorke flow of power on the grid and plan for its the-counter and generic prescription Pension Manager: Brian McCann, Ciaran future, while ESB networks is responsible pharmaceuticals, infant formulas, Naughton for carrying out maintenance, repairs and nutritional products, animal Providers construction on the grid. The grid moves health, dietary supplements, active Investment Manager: Irish Life wholesale power around the country. We pharmaceutical ingredients and medical Investment Managers, PIMCO Europe bring energy from generation stations diagnostic products. Ltd, Delta Partners, Fidelity Investments, to heavy industry and high-tech users. Irish Forestry Unit Trust, Irish Property We also supply the distribution network Pursuant to the terms of a transaction Unit Trust, Pan European Property Ltd. operated by ESB Networks that powers agreement entered into on July 28, 2013, Partnership, Fountain Healthcare, Seroba every electricity customer in the country. between Elan Corporation plc and Perrigo Bio Ventures, Allianz Global Investors Company (a Michigan Corporation) on Solicitors: McCann FitzGerald Address December 18, 2013, Perrigo completed Custodian: Northern Trust The Oval its acquisition of the Elan group, formed Actuary: Mercer 160 Shelbourne Road as a new Irish parent company, Perrigo Auditor: Duignan Carthy O’Neill Ballsbridge Company plc. and listed on the New York and the Tel Aviv Stock Exchanges. Numbers Dublin D04 FW28 Ireland Total Number of Employees: 1735 At Perrigo, our mission is clear, “Quality Tel: +353 1 6771700 Deferred Pensioners: 3672 Affordable Healthcare Products®”. Pensioners: 9455 www.eirgridgroup.com Active Members: 1735 Contacts Please see www.perrigo.com for more Total Scheme Members: 14862 Member Rep: Tony Fleming information. Categories Numbers Address Integrated with State Scheme: No Total Number of Employees: 500 Perrigo Company plc Irish Pension Scheme: Yes Deferred Pensioners: 95 Treasury Building Self Administered Scheme: Yes Pensioners: 9 Lower Grand Canal Street DB/DC: Defined Benefit Active Members: 364 Dublin 2 Contributory/Non-Contributory: Total Scheme Members: 468 Ireland Contributory Tel: +353 1 7094000 Size of Fund: €300,000,000 www.perrigo.com
90 IAPF YEARBOOK 2018 E
Contacts EMC Corporation Address Member Rep: Annette Corcoran 4th Floor, Carrington House 126-130 Regent Street Categories Address London W1B 5SE Self Administered Scheme: No Ovens United Kingdom Cork Tel: +44 20 38793904 Ireland www.eipny.com Tel: +353 021 4281500 Eli Lilly SA Irish Branch www.ireland.emc.com Contacts Member Rep: Peter Curry Contacts Address Member Rep: Jennifer McSweeney Dunderrow HR: Jennifer McSweeney Kinsale Ervia Co Cork Categories Ireland DB/DC: Defined Contribution Tel: +353 21 4702264 Address 3rd Floor Contacts Webworks Member Rep: Lisa Carey Epoch Investment Partners Eglinton Street Providers Cork Auditor: EY Epoch is a global asset management firm Ireland Solicitors: McCann FitzGerald that provides U.S., non-U.S. and global Tel: +353 21 4239160 equity strategies for institutional clients. Numbers Epoch’s investment approach is based Contacts Total Number of Employees: 670 on fundamental research and seeks to Member Rep: Gillian Murray Deferred Pensioners: 159 invest in companies that can grow free Trustee: Sean Casey, Tom Considine, Ger Pensioners: 176 cash-flow and allocate it effectively for the Cowhig, Jimmy Jordan, Eugene Murphy, Active Members: 670 benefit of shareholders. Epoch’s culture Edwina Nyhan, Liam O’Riordan, Richard Total Scheme Members: 1005 is investment driven, collaborative and O’Sullivan Pension Manager: Gillian Murray Categories designed to help our clients achieve their Integrated with State Scheme: Yes investment objectives. Providers Irish Pension Scheme: Yes Auditor: Deloitte Self Administered Scheme: No Epoch was formed in 2004 and over Solicitors: Arthur Cox DB/DC: Defined Benefit the years has grown to over 100 Investment Manager: Aon Hewitt Contributory/Non-Contributory: employees, including 40 investment (Ireland) Ltd Contributory professionals who average over 20 years of investment experience. Epoch Numbers services approximately 150 client Deferred Pensioners: 583 relationships and has approximately €40 Pensioners: 519 billion AuM as of June 30, 2016. Epoch Active Members: 758 has enjoyed organisational stability Total Scheme Members: 1860 throughout its history. We have retained Categories key professionals, many of whom were Integrated with State Scheme: Yes instrumental in Epoch’s founding and Irish Pension Scheme: Yes subsequent growth, and are still active in Self Administered Scheme: No our management today.
IAPF YEARBOOK 2018 91 E
DB/DC: Defined Benefit Eugene F. Collins Solicitors global network which comprises of 55 Contributory/Non-Contributory: offices across 28 countries. Contributory Address Fund Range: 251-500M Address Segregated/Unitised and Insured: Temple Chambers 3 Burlington Road One Earlsfort Centre Segregated Earlsfort Terrace Have Member Trustees: Yes Dublin 4 Ireland Dublin 2 Corporate/Individual Tr/Both: Ireland Individual Trustee Tel: +353 1 2026400 www.efc.ie Tel: +353 1 6644200 www.eversheds.ie Contacts ESB Pensions Member Rep: Peter Fahy European Pensioneer Trustee Co. Partner: Ian Devlin Ltd Managing Director: Alan Murphy Address Finance: Mike Smith Two Gateway East Wall Road Address Providers Dublin 3 29 Windsor Place Investment Manager: Merrion Investment D03 A995 Dublin 2 Managers, Appian Wealth Management Ireland Numbers Tel: +353 1 6815290 Categories Total Number of Employees: 5880 DB/DC: Defined Contribution Deferred Pensioners: 1279 Numbers Contributory/Non-Contributory: Pensioners: 7583 Total Number of Employees: 6 Contributory Active Members: 5880 Fund Range: 0-25M Total Scheme Members: 14742 Have Member Trustees: Yes Corporate/Individual Tr/Both: Categories Eversheds Sutherland Individual Trustee Irish Pension Scheme: Yes DB/DC: Multi Contributory/Non-Contributory: Contributory EY Size of Fund: €4,671,326,000 (at 31/12/2016) Fund Range: > 500M Segregated/Unitised and Insured: Segregated, Unitised Have Member Trustees: Yes Eversheds Sutherland is a leading Corporate/Individual Tr/Both: Individual international law firm with a particular Trustee expertise in pension law. Based in Dublin, we advise trustees, employers and employee representatives on both private and public sector schemes. We benefit from the unrivalled expertise and We know that in today’s world, knowledge of the Eversheds Sutherland employers and pension schemes are
92 IAPF YEARBOOK 2018 E—F
facing unprecedented challenges. At EY, firm. The principal office is in Dublin with DB/DC: Multi we are helping sponsors and trustees regional offices in Cork, Limerick and Contributory/Non-Contributory: address these challenges, providing a Waterford. The Irish firm is a member Contributory fresh perspective and a truly independent Practice of EY Global, an organisation Fund Range: 26-100M viewpoint. Our breadth of experience and spanning over 150 countries and drawing Have Member Trustees: Yes service offering mean we can provide real on the skills and knowledge of in excess of Corporate/Individual Tr/Both: insight across the full range of pension 190,000 people. Individual Trustee and HR issues. Address Professional services include actuarial EY Building consultancy, pensions assurance, FBD Insurance Company plc Harcourt Centre HR consulting and reward, scheme Harcourt Street governance reviews, and tax services. FBD is one of the country’s largest Dublin 2 insurers with local sales offices Ireland nationwide. It provides protection for a Address Tel: +353 1 4750555 wide range of customer general insurance EY Building www.ey.com/ireland Harcourt Centre needs. Harcourt Street Contacts Dublin 2 Trustee: Niall Coveney, Dargan In the life assurance and pensions sector Ireland FitzGerald, Pat O’Brien, Declan O’Neill, it provides financial planning advisory Tel: +353 1 4750555 Catherine Vaughan services. www.ey.com/ireland Chairman: Declan O’Neill Pension Manager: Julianna Oladipo Contacts Address Member Rep: Christopher Bown Providers FBD House Investment Manager: Irish Life, Aberdeen Bluebell Standard Investments, Schroder Dublin 12 Investment Management Ireland EY Pension Schemes Solicitors: A&L Goodbody Tel: +353 1 4093799 Investment Consultant: Mercer www.fbd.ie Investment Consulting, Willis Contacts Towers Watson Member Rep: Sean Barnes Actuary: Willis Towers Watson Auditor: Grant Thornton Numbers Administrator: Willis Towers Watson Total Number of Employees: 957 Deferred Pensioners: 391 Numbers Pensioners: 97 Total Number of Employees: 1225 Active Members: 768 Deferred Pensioners: 777 Total Scheme Members: 1256 Pensioners: 27 Active Members: 579 Categories EY is one of the leading firms of Total Scheme Members: 1383 Integrated with State Scheme: Yes accountants and business advisors in the Irish Pension Scheme: Yes Categories country with a wide range of clients who Self Administered Scheme: Yes Integrated with State Scheme: Yes operate in all sectors of the Irish economy. DB/DC: Multi Irish Pension Scheme: Yes Over 1200 people are employed in the Contributory/Non-Contributory: Self Administered Scheme: No
IAPF YEARBOOK 2018 93 F
Contributory Address Sydney, Melbourne, Auckland, London, Size of Fund: €150,000,000 County House Edinburgh, Frankfurt, Paris, New York, Fund Range: 101-250M 14-15 Hatton Garden Louisville, Dubai, Hong Kong, Singapore, Segregated/Unitised and Insured: London EC1N 8AT Jakarta and Tokyo. Unitised United Kingdom Have Member Trustees: Yes Tel: +44 203 7725384 First State Investments has a range of Corporate/Individual Tr/Both: www.ferrierpearce.com product solutions for investors globally Corporate Body across a diverse range of asset classes. Contacts These include Australian equities, global Member Rep: Lesley Alexander equities, global emerging market equities, Numbers global resource equities, global property Ferrier Pearce Total Number of Employees: 38 securities, global listed infrastructure Active Members: 37 securities, global fixed interest and credit, Are your pensions communications Total Scheme Members: 37 emerging market debt and short term looking a bit tired and lifeless? Not sure investments. that your members appreciate and value Categories their benefits? DB/DC: Defined Benefit Contributory/Non-Contributory: Both Address At Ferrier Pearce we are dedicated Fund Range: 0-25M Finsbury Circus House to delivering excellent pensions Corporate/Individual Tr/Both: Both 15 Finsbury Circus communications for both the private and London EC2M 7EB public sectors. We are first and foremost United Kingdom a creative agency so you can be sure that Tel: +44 207 3326866 what you get from us will be attractive and First State Investments www.firststateinvestments.com engaging for pension scheme members. Contacts Member Rep: Frank Glennon We have expertise in marketing, corporate Investment: Frank Glennon, Alex branding, employee engagement, rewards Mackenzie Smith and benefits communications and, of Finance: Frank Glennon course, pensions. We can deliver an end- to-end service which includes branding, web design and build, digital tools and First State Investments forms part of the campaigns, video production, roadshows, consolidated asset management business exhibition graphics, employee research, of the Commonwealth Bank of Australia. personalised communications and This association gives us the strength copywriting. of capital required to bring innovative products to market. Our investment Each of our clients faces its own unique teams are structured so that they’re given challenges so we have created many a strong sense of portfolio ownership different communications for a range by way of team-focused incentives. We of well known global brands. We are believe this promotes commitment and currently working with HSBC, Taylor intellectual engagement, aligning our Wimpey, Centrica, Arup and Kellogg’s to interests and success with those of our name but a few. clients. We manage segregated mandates for clients globally and have offices in
94 IAPF YEARBOOK 2018 F
FMC International Frank Glennon (Life & Pensions) Dublin 18 Ltd Ireland Manufacture pharmaceutical excipients Tel: +353 1 6610600 (0) and food ingredients. Part of the Address Contacts Health and Nutrition division of FMC Member Rep: Simon Hoffman Corporation. Charlemont House Charlemont Place Trustee: Eugene Gibney, Simon Hoffman Dublin 2 Investment: Eugene Gibney Address Ireland Finance: Tom Browne Wallingstown Tel: +353 1 7075880 Providers Little Island www.glennons.ie Cork Investment Manager: F & C Ireland Ireland Contacts Solicitors: McCann FitzGerald Tel: +353 21 4517221 Member Rep: Jeffrey Lord Accountant: Tom Browne, FIA www.fmcbiopolymer.com Managing Director: David Glennon Actuary: Tom Browne, FIA Auditor: PwC Contacts Categories Administrator: Friends First Member Rep: Kieran Hannon Integrated with State Scheme: No Trustee: Kieran Hannon, Pat Higgins, Irish Pension Scheme: Yes Numbers Michael O’Connell Self Administered Scheme: No Total Number of Employees: 892 DB/DC: Defined Contribution Deferred Pensioners: 363 Providers Contributory/Non-Contributory: Pensioners: 68 Solicitors: Cawley & Co Contributory Active Members: 461 Auditor: KPMG Total Scheme Members: 892 Actuary: Aon Hewitt (Ireland) Investment Manager: State Street Global Categories Advisors Ireland Friends First Life Assurance Integrated with State Scheme: Yes Irish Pension Scheme: Yes Numbers Co Ltd Self Administered Scheme: No Total Number of Employees: 120 DB/DC: Defined Benefit Deferred Pensioners: 11 Contributory/Non-Contributory: Pensioners: 37 Contributory Active Members: 113 Segregated/Unitised and Insured: Total Scheme Members: 161 Segregated, Unitised Have Member Trustees: Yes Categories Corporate/Individual Tr/Both: Integrated with State Scheme: Yes Individual Trustee Irish Pension Scheme: Yes Friends First provides a full range of Self Administered Scheme: No pension and life assurance products DB/DC: Hybrid and services, which includes group life, Contributory/Non-Contributory: Both and income continuance and pensions Fund Range: 0-25M investment and administration. Have Member Trustees: Yes Corporate/Individual Tr/Both: Address Corporate Body Friends First House Cherrywood Business Park Loughlinstown
IAPF YEARBOOK 2018 95 G
Gallagher Communication Contacts Address Member Rep: Ryan Eves 20 King Street Gallagher Communication (formerly Director: Matt Frost London SW1Y 6QY United Kingdom SHILLING) is an employee Numbers Tel: +44 20 74939990 communication consultancy that Total Number of Employees: 30 www.gam.com specialises in pension and benefits. Active Members: 30 For 18 years we have been leading the Total Scheme Members: 30 Contacts Member Rep: Emmet Naughton way in pension communication and Categories our thought leadership continues to be DB/DC: Defined Benefit Numbers recognised by the industry in the UK & Contributory/Non-Contributory: Both Total Number of Employees: 900 Ireland. Fund Range: 0-25M Have Member Trustees: No We have a proven track-record in Corporate/Individual Tr/Both: Both developing and implementing bespoke Generali PanEurope communication strategies that achieve measurable engagement for Employers and Trustee Boards both in Ireland and GAM (UK) Limited the UK. At GAM, we value original thinking, Our specialist services include: swift decision making and a disciplined approach to investing. Our job is to put • Member/Employee research clients’ capital to work to help them • Communication strategies achieve their aspirations and make sense • Branding of the markets through our insights • Literature production and investment acumen. We manage Generali PanEurope is part of the • Benefit statements EUR120 billion in assets for institutions, Generali Group, one of the largest insurers • Personalised print financial advisers and private investors. in the world. Generali PanEurope was • Digital engagement Our investment professionals, with more established in 1999 and our head office is • Tools and modellers than 14 years of industry experience on located in Navan, Co. Meath. Over the last • Video and animation average, work with integrity, conviction 18 years, Generali PanEurope has become If you’d like to find out how we could and an entrepreneurial mind-set. For a leading provider of employee benefits help you boost engagement in your more than 30 years, we’ve been providing and wealth management solutions to both pension benefits and in doing so help active investment solutions across asset its Irish and European client base. In your members towards better retirement classes. With over 900 people in 13 Ireland, our main product offering centres outcomes please get in touch. countries, we are a truly global firm in around Group Risk and we provide scale and resources, yet small enough to Group Life, Group Income Protection remain nimble and flexible to meet clients’ and Group Critical Illness cover to many Address needs. Working with us means investing of the largest corporate companies in the Liss Mill in honest foresight and human rigour and country. Mill Road a fundamental belief in the potential of Liss capital. GAM: advancing potential. Hampshire GU33 7AG United Kingdom Tel: +44 1730 891212 www.gallaghercommunication.co.uk
96 IAPF YEARBOOK 2018 G
Address Providers Address Generali House Investment Manager: State Street Global 12 Riverwalk Navan Business Park Advisors Ireland, KBI Global Investors Citywest Business Campus Athlumney Ltd, ILIM, Principal, PIMCO, Aberdeen Citywest Co Meath Standard Investments, Wellington Dublin 24 C15 CCW8 Management, BNY Mellon Asset Ireland Ireland Management Ltd Tel: +353 1 4955000 Tel: +353 46 9099700 Solicitors: Matheson Contacts www.generalipaneurope.ie Accountant: PwC Member Rep: Declan Bailey Actuary: Willis Towers Watson Numbers Trustee: Declan Bailey, Des Burke, Nigel Auditor: PwC Total Number of Employees: 125 Corkery, Aidan Lynch Administrator: Glanbia plc HR: Declan Bailey Numbers Providers Total Number of Employees: 2450 Solicitors: McCann FitzGerald Glanbia plc Deferred Pensioners: 1339 Auditor: PwC Pensioners: 926 Actuary: Invesco Limited Glanbia plc is a global nutritional group, Active Members: 1116 Investment Manager: Legal & General headquartered in Ireland with operations Total Scheme Members: 3381 in 32 countries worldwide, with an annual Categories Categories turnover of over €3.7 billion and 6,200 Irish Pension Scheme: Yes Irish Pension Scheme: Yes employees. Glanbia’s major production Self Administered Scheme: No Self Administered Scheme: Yes facilities are located in Ireland, the US, DB/DC: Multi DB/DC: Multi the UK, Germany and China. Glanbia has Contributory/Non-Contributory: Contributory/Non-Contributory: two global growth platforms in Glanbia Contributory Contributory Performance Nutrition and Glanbia Fund Range: 251-500M Size of Fund: €522,000,000 Nutritionals. Glanbia Performance Have Member Trustees: Yes Fund Range: > 500M Nutrition is the global leader in the Corporate/Individual Tr/Both: Have Member Trustees: Yes performance nutrition business. Glanbia Individual Trustee Nutritionals is a provider of sophisticated Corporate/Individual Tr/Both: Both and innovative nutritional solutions and is the number one marketer of American- style cheddar cheese. Glanbia has a strong Goldman Sachs Asset GlaxoSmithKline (Ireland) Ltd heritage in Dairy Ireland and has key Management International strategic long term partnerships in its GlaxoSmithKline, one of the world’s Joint Ventures and Associates. leading pharmaceutical companies, Goldman Sachs Asset Management, has manufacturing facilities at Cork, (GSAM) is one of the leading global Address Dungarvan and Sligo. It manages its Irish investment managers, providing Glanbia House commercial business from offices at the institutional investors with investment Kilkenny Citywest Business Campus in Dublin. The and advisory solutions, with strategies Ireland GlaxoSmithKline companies in Ireland spanning asset classes, industries and Tel: +353 56 7772200 are Irish subsidiaries of GlaxoSmithKline geographies. Our investment solutions include fixed income, money markets, Contacts plc, one of the world’s leading public equity, commodities, hedge Member Rep: Michael Horan pharmaceutical companies. funds, private equity and real estate. Our Pension Manager: Nicholas Walsh
IAPF YEARBOOK 2018 97 G clients access these solutions through Goodbody Director: David Lowe our proprietary strategies, strategic Managing Director: Roy Barrett partnerships and our open architecture Pension Manager: Jim Connolly programs. Providers GSAM relationship and portfolio Auditor: Byrne Moreau & Connell managers visit Dublin on a regular basis Actuary: Invesco Limited and host investment seminars throughout Administrator: Invesco Limited the year. Over the years, we have Investment Manager: Goodbody Goodbody, part of the Fexco Group, is successfully partnered with a number Stockbrokers Ireland’s longest established stockbroking of high-profile institutional investors firm with roots dating back to 1874. Numbers where we have focused on delivering As well as being one of the leading Total Number of Employees: 250 highly tailored solutions and sharing our institutional brokers and corporate Active Members: 250 knowledge, expertise and best practices finance houses, we are one of the Total Scheme Members: 250 with the client. GSAM currently manages largest wealth management firms in €2bn* on behalf of Irish institutional Categories Ireland. Over the years, we have gained investors, including Irish pension plans, Irish Pension Scheme: Yes considerable knowledge and expertise and has strong relationships with various Self Administered Scheme: Yes in Irish and international investment Irish consultants, independent advisory DB/DC: Defined Contribution markets and established a reputation firms and corporates. Contributory/Non-Contributory: built on expertise, innovation and most Non Contributory *31st August 2017 AUM. importantly trust. As one of Ireland’s Fund Range: 26-100M most experienced stockbroking firms, we Segregated/Unitised and Insured: recognise that each client has individual Address Segregated goals and requirements. Depending on River Court Have Member Trustees: Yes those needs, we can offer clients a range 120 Fleet Street Corporate/Individual Tr/Both: Both of Wealth Management services from London EC4A 2BE financial planning, bespoke investment United Kingdom management to trading accounts for those Tel: +44 207 7743542 clients with a shorter term investment Governance Matters Limited www.gsam.com horizon. Contacts Governance Matters is an independent Member Rep: Chloe Goddard Address consultancy business providing services in the areas of Governance, Compliance Categories 2, Ballsbridge Park and Risk Management to the Pensions and DB/DC: Defined Benefit Ballsbridge Insurance industry. Contributory/Non-Contributory: Both Dublin 4 Fund Range: 0-25M Ireland Corporate/Individual Tr/Both: Both Tel: +353 1 6670400 Address www.goodbody.ie Tearmainn Dara Rathmore West Contacts Eadestown Member Rep: Martin O’Hora Kildare Trustee: Johnny Cleary, Finbarr Griffin, Ireland Kathryn Hannon, Martin O’Hora Tel: +353 45 862218 HR: Sarah Downing www.governancematters.ie Finance: Johnny Cleary
98 IAPF YEARBOOK 2018 G
Contacts Providers Contacts Member Rep: Seamus Hughes Custodian: Citibank, AIB NY Member Rep: Conor O’Leary CEO/Managing Director: Seamus Hughes Solicitors: Arthur Cox Pension Manager: Conor O’Leary Administrator: Willis Ltd HR: Conor O’Leary Investment Manager: F & C Ireland, Providers ILIM, New Ireland Grafton Group plc Solicitors: A&L Goodbody Numbers Auditor: BDO Simpson Xavier Total Number of Employees: 58 Actuary: Mercer HR Consulting Ltd Address Investment Manager: Irish Life 2 Wythall Green Way Categories Boundary House Integrated with State Scheme: No Numbers Wythall Irish Pension Scheme: Yes Deferred Pensioners: 61 Birmingham B47 6LW Self Administered Scheme: Yes Active Members: 50 United Kingdom DB/DC: Defined Contribution Total Scheme Members: 111 Contributory/Non-Contributory: Tel: +0044 01564 821612 Categories Contributory Integrated with State Scheme: No Contacts Size of Fund: €1,700,000 Irish Pension Scheme: Yes Member Rep: Helena Dumycz Fund Range: 0-25M Self Administered Scheme: No Pension Manager: Helena Dumycz Segregated/Unitised and Insured: DB/DC: Defined Contribution Segregated Numbers Contributory/Non-Contributory: Have Member Trustees: No Total Number of Employees: 1094 Contributory Corporate/Individual Tr/Both: Deferred Pensioners: 265 Size of Fund: €10,000,000 Corporate Body Active Members: 1094 Fund Range: 0-25M Total Scheme Members: 1359 Have Member Trustees: Yes Categories Corporate/Individual Tr/Both: Both DB/DC: Multi Greencore Group plc Contributory/Non-Contributory: Contributory Greenman Investments
Greenman is a sector specific real estate Grant Thornton investment fund manager, authorised by the Central Bank of Ireland as an Chartered Accountants Financial AIFM. Our focus is to provide investors Advisers with consistent income. We achieve this by acquiring one asset type - German Address Fachmarktzentren. Address No. 2 Northwood Avenue 24-26 City Quay Northwood Business Park We have 6 operational funds that own 53 Dublin 2 Santry German centres valued at c. €395m, with Ireland Dublin 9 a combined let area of c.224,427 sqm, let Tel: +353 1 6805742 Ireland to Germany’s largest food retailers. They Contacts Tel: +353 1 6051000 generate large income surpluses which are Member Rep: Conail Flynn www.greencore.com distributed to investors annually.
IAPF YEARBOOK 2018 99 G—H
As recognised Fachmarktzentren investment to meet client needs from the HC Financial Advisers Limited specialists we have the local knowledge, market, Harvest will develop an in-house market understanding and industry structure that brings the opportunity relationships to acquire centres that to our clients. Harvest is primarily can generate the returns needed to a fee-based advisory firm and cost consistently meet our funds’ targets. transparency is at the core of everything we do. Furthermore, wherever possible, Address Harvest involve the client directly in the FINANCIAL Crescent Hall investment process, ensuring that funds Mount Street Crescent only go where they want them to go.
Dublin D02 YF20 HC Financial Advisers Limited is the Our associate company, Harvest Trustees Ireland largest independent financial services Ltd, provides trustee services to a large Tel: +353 1 6471121 consultancy in the West of Ireland. We number and variety of Trusts. Harvest www.greenman.com provide comprehensive employee benefits Trustees Ltd. offers an impartial and consulting services to small, medium professional trustee service with the and large firms. We also offer individual board bringing over 50 years pensions and corporate trustee services to pension experience to the trustee table. Harvest Harvest Financial Services schemes depending on their needs. Trustees Ltd. are members of leading Limited Our employee engagement programme industry bodies including the Association is available to all multinational and of Pension Trustees of Ireland and the indigenous companies. We also have a IAPF. trustee company, HC Pensioneer Trustees DAC., which is a wholly owned subsidiary Address of HC Financial Advisers Limited. Block 3 The Oval Shelbourne Road Address Ballsbridge Oranmore Business Park Dublin D04 T8F2 Harvest Financial Services Ltd Oranmore Ireland (hereinafter known as Harvest) has Galway Tel: +353 1 2375500 grown to be one of Ireland’s leading Ireland www.harvestfinancial.ie independent financial advisory firms, Tel: +353 91 788000 providing pensions, investments and Contacts www.hcgroup.ie financial planning solutions to our clients. Pension Manager: Emer Kirk Wholly owned by its management, Contacts Harvest has been trading since 1993 and Member Rep: Brian Molloy now employs over 50 highly qualified Pension Manager: Mairead Feeney staff. We administer approximately €900 CEO/Managing Director: Gerry Cuddy million on behalf of pension funds, private individuals, corporations and charities. Non-aligned with any third party institution, Harvest can bring the whole world of investment opportunity to our clients. Occasionally, where Harvest can not source the appropriate
100 IAPF YEARBOOK 2018 H
Heinz H J Company (Ireland) Ltd Hewlett Packard Hollister ULC
Sales, Marketing & Distribution of Food Address Products in Ireland. Foxford Road Rehins Address Ballina Stradbrook House Co Mayo Stradbrook Road Ireland Blackrock Tel: +353 96 60600 Co Dublin Ireland Contacts Tel: +353 1 2805757 Address Finance: Lorraine McDermott Ballybrit Business Park Providers Contacts Ballybrit Auditor: Deloitte Member Rep: Alan Rochford Galway Solicitors: McCann FitzGerald Ireland Providers Investment Manager: State Street Global Tel: +353 91 754000 Auditor: PwC Advisors Solicitors: McCann FitzGerald Contacts Numbers Investment Manager: Irish Life Member Rep: Louise Hayes Total Number of Employees: 550 Investment Managers Trustee: Louise Hayes Deferred Pensioners: 50 Numbers Providers Pensioners: 50 Total Number of Employees: 17 Actuary: Mercer HR Consulting Ltd Active Members: 350 Deferred Pensioners: 49 Auditor: EY Total Scheme Members: 450 Pensioners: 2 Solicitors: A&L Goodbody Active Members: 12 Categories Total Scheme Members: 63 Numbers Integrated with State Scheme: Yes Deferred Pensioners: 656 Irish Pension Scheme: Yes Categories Pensioners: 312 Self Administered Scheme: No Integrated with State Scheme: Yes Active Members: 128 DB/DC: Defined Benefit Irish Pension Scheme: Yes Contributory/Non-Contributory: Categories Self Administered Scheme: Yes Contributory Integrated with State Scheme: No DB/DC: Defined Benefit Have Member Trustees: Yes Irish Pension Scheme: Yes Contributory/Non-Contributory: Corporate/Individual Tr/Both: Both Contributory Self Administered Scheme: No Size of Fund: €11,300,000 DB/DC: Defined Benefit Fund Range: 0-25M Contributory/Non-Contributory: Segregated/Unitised and Insured: Contributory Horse Racing Ireland Unitised Fund Range: 251-500M Have Member Trustees: Yes Have Member Trustees: Yes Address Corporate/Individual Tr/Both: Corporate/Individual Tr/Both: Ballymany Individual Trustee Individual Trustee The Curragh Co Kildare Ireland
IAPF YEARBOOK 2018 101 H—I
Tel: +353 45 455455 Fund Range: 0-25M specific conferences across the entire www.goracing.ie Segregated/Unitised and Insured: economy. Members can also tap into Unitised the scale of our employment law and Contacts Have Member Trustees: Yes HR practice to support with employee Member Rep: Claire Rudd Corporate/Individual Tr/Both: relations and HR policies and procedures HR: Carol Nolan Corporate Body Finance: Suzanne Eade Address 84-86 Lower Baggot Street Ibec Dublin 2 House of Fraser (Ireland) Pension Ireland Trust Ltd Tel: +353 1 6051500 www.ibec.ie
Address 27 Baker Street London W1U 8AH IBM Ireland Ltd United Kingdom Tel: +44 207 0034470 Supplier of computer products, software www.houseoffraser.co.uk and services. Established in Ireland in 1956. Part of the IBM Corporation. Also Contacts has a technology campus employing Member Rep: Suzanne Willshire 2,000+ in Mulhuddart, Co. Dublin and a Pension Manager: Suzanne Willshire Ibec is Ireland’s largest, most influential and best known business representation PC support and telemarketing centre in Providers organisation. Along with its 40+ industry Blanchardstown, employing 1,200. Actuary: Aon Hewitt (Ireland) sector associations, Ibec lead, shape and Auditor: RSM Ireland promote business conditions to drive Address Solicitors: Matheson economic growth and secure prosperity, IBM House Administrator: Capita Employee Benefits right across the country. Shelbourne Road Investment Manager: Legal & General, Ballsbridge Aberdeen Standard Investments Dublin 4 Ibec proudly represent a diverse Numbers Ireland membership of over 7,500 businesses; Deferred Pensioners: 46 Tel: +353 1 8154000 home grown, multinational, big and small, Pensioners: 7 spanning every sector of the economy. Contacts Active Members: 27 Ibec works with its members to develop Trustee: Edward Adams, Philip Cassidy, Total Scheme Members: 80 policy in key areas of interest - from Rosemaree Danaher, Mark Fox, Patrick Categories shaping an agile flexible labour market Grant, Rijk Griffioen, Bernadette Keating, Integrated with State Scheme: No to promoting ambitious investment Stuart McBean, Bernard Neeson, Eileen Irish Pension Scheme: Yes in critical public infrastructure and Shanahan Self Administered Scheme: Yes education systems. HR: Eileen Shanahan DB/DC: Defined Benefit Finance: Rosemaree Danaher Contributory/Non-Contributory: Members get unrivalled access to market Categories Contributory data, economic and legal briefings, Irish Pension Scheme: Yes Size of Fund: €1,426,250 executive networking events and sector- Self Administered Scheme: No
102 IAPF YEARBOOK 2018 I
DB/DC: Multi Segregated/Unitised and Insured: Independent Trustee Limited Contributory/Non-Contributory: Segregated Contributory Have Member Trustees: Yes Have Member Trustees: Yes Corporate/Individual Tr/Both: Corporate/Individual Tr/Both: Corporate Body Individual Trustee
IMPACT ICOS/DEA Pension Trustees Ltd
Address Independent Trustee Limited is an Plunkett House established provider of independent 84 Merrion Square professional trusteeship services to Dublin 2 occupational pension schemes and private IMPACT is a registered trade union and Ireland trusts. ITL is supported by a wealth of represents about 60,000 public and private Tel: +353 1 6764783 experienced professionals in the fields of sector workers. It is affiliated to the Irish trusteeship, pensions and law. Contacts Congress of Trade Unions. Member Rep: Gerry Armstrong Address ITL can act as either sole or joint trustee Pension Manager: Gerry Armstrong Nerney’s Court or through participation on a board of Finance: Brian O’Dowd Dublin D01 R2C5 a trustee company to suit the needs of Providers Ireland the scheme. The services and expertise Solicitors: Arthur Cox Tel: +353 1 8171500 we offer are of increasing importance in Auditor: Gerard P Reynolds & Assoc. www.impact.ie today’s environment of compliance & Actuary: Mercer HR Consulting Ltd governance. Contacts Investment Manager: State Street Global Member Rep: Matt Staunton Advisors, ILIM, Mercer Investment Address Management Numbers Harmony Court Total Number of Employees: 96 Harmony Row Numbers Deferred Pensioners: 17 Dublin 2 Total Number of Employees: 46 Pensioners: 27 Ireland Deferred Pensioners: 51 Active Members: 96 Tel: +353 1 6148079 Pensioners: 62 Total Scheme Members: 140 www.trustee.ie Active Members: 46 Total Scheme Members: 159 Categories Contacts Integrated with State Scheme: Yes Member Rep: Elma Fox Categories Irish Pension Scheme: Yes Integrated with State Scheme: No DB/DC: Defined Benefit Irish Pension Scheme: Yes Contributory/Non-Contributory: Both Self Administered Scheme: Yes Fund Range: 26-100M DB/DC: Defined Benefit Have Member Trustees: Yes Contributory/Non-Contributory: Corporate/Individual Tr/Both: Contributory Individual Trustee Fund Range: 26-100M
IAPF YEARBOOK 2018 103 I
Insight Investment Address Consultancy, providing comprehensive 160 Queen Victoria Street employee benefits, administration and London EC4V 4LA actuarial services to a wide range of United Kingdom multinational and indigenous companies. Tel: +44 207 3211547 www.insightinvestment.com We are unique in the Irish market place, in that we offer a single pension Contacts administration platform catering for Member Rep: Mark Ashley DC, DB and AVC schemes, allowing all members full 24/7 access to their pension Insight Investment is a leading global accounts. asset manager delivering bespoke risk Intel Ireland Ltd management solutions to a wide range of Address clients across liability driven investment 2 Sandyford Business Centre Address (LDI), active fixed income, multi-asset, Burtonhall Road Collinstown Industrial Estate liquidity solutions, absolute return, Sandyford Leixlip currency risk management and specialist Dublin 18 Co Kildare equity strategies. Ireland Ireland Tel: +353 1 2947600 Tel: +353 1 6067000 We aim to develop resilient portfolios to www.invesco.ie meet our clients’ specific requirements. www.intel.com Contacts Our investment strategies are designed Contacts Member Rep: Des McGarry to evolve dynamically to meet changing Member Rep: Denise Twomey HR: Niamh Moore needs and stay ahead of market Pension Manager: Denise Twomey developments. We remain at the forefront Managing Director: Des McGarry Categories of recognising the importance of liabilities Providers Integrated with State Scheme: Yes for pension schemes and are a pioneer Actuary: Frank Downey DB/DC: Multi of LDI which has been a significant Accountant: Hilary McCowen Contributory/Non-Contributory: contributor to protecting funding levels Auditor: Mazars Contributory over the past decade. Solicitors: Mangan O’Beirne Corporate/Individual Tr/Both: Both Located across the globe, our clients Investment Manager: Irish Life include pension schemes (both defined Numbers benefit and defined contribution), Total Number of Employees: 105 corporations, insurers, sovereign wealth Invesco Ltd Active Members: 80 funds, wealth managers, financial Total Scheme Members: 80 institutions, charities and private individuals. We have a significant Categories institutional client base in Ireland DB/DC: Defined Contribution who invest across a wide range of our Contributory/Non-Contributory: solutions. Contributory Fund Range: 0-25M Corporate/Individual Tr/Both: Corporate Body Invesco Limited is Ireland’s largest privately owned Employee Benefits
104 IAPF YEARBOOK 2018 I
Invesco Perpetual 1991, the firm has been built from start-up Ireland into an international business managing Tel: +353 1 6613499 Invesco Perpetual forms part of approximately US$124bn* on behalf of www.iput.com third party clients. We have grown from Invesco Ltd., one of the world’s Categories domestic roots in Southern Africa and leading independent global investment Irish Pension Scheme: No the UK to a position where we proudly management organisations. This allows Contributory/Non-Contributory: Both serve a growing international client us to offer our institutional clients Size of Fund: €2,300,000,000 base from the Americas, Europe, Asia, specialised investment expertise, Fund Range: > 500M Australia, the Middle East and Africa. We delivering diversified investment Corporate/Individual Tr/Both: employ over 184 investment professionals. strategies for asset classes ranging from Corporate Body equity, fixed income and multi asset, to The firm seeks to create a profitable other alternatives including real estate, partnership between clients, shareholders private equity and commodities. and employees, and to exceed clients’ performance and service expectations. Irish Aviation Authority Investec Asset Management is a Address significant component and independently 43 - 45 Portman Square managed entity within the Investec London W1H 6LY Group, which is listed in London and United Kingdom Johannesburg. Tel: +44 20 75433556 www.invescoperpetual.co.uk/institutional *as at end June 2017 Contacts Member Rep: Stephen Messenger Address The Irish Aviation Authority (IAA) Trustee: Stephen Messenger 25 Basinghall Street is Ireland’s civil aviation authority. It Investment: Stephen Messenger Woolgate Exchange manages air traffic in Irish controlled Numbers London EC2V 5HA airspace covering approximately 450,000 Total Number of Employees: 5800 United Kingdom square kilometers and regulates the Tel: +44 207 5972075 aviation safety standards with which Irish www.investecassetmanagement.com aviation operators must comply. These safety standards are set internationally. Contacts Approximately 90% of all air traffic Investec Asset Management Member Rep: Frank Doyle between Europe and North America currently use Irish controlled airspace.
IPUT plc The IAA is a commercial Semi-State company. Asset Management IPUT is the largest unlisted property vehicle in Ireland with an unrivalled track Address record in delivering superior income The Times Building Investec Asset Management is a specialist returns to shareholders. 11-12 D’Olier Street investment manager, providing a premier Dublin 2 range of products to institutional and Address Ireland individual investors. Employees are equity 2 Hume Street Tel: +353 1 6718655 stakeholders in the firm. Established in Dublin 2 www.iaa.ie
IAPF YEARBOOK 2018 105 I
Contacts Contacts Contacts Member Rep: Maeve Hogan Member Rep: Paul Kelly Member Rep: John Corbett Trustee: Maeve Hogan Trustee: John Crowley, Paul Kelly, Peter Trustee: John Corbett, Tom Healy, Eddie Finance: Maeve Hogan McDonnell, Noel Murphy, Jane O’Brien, McDonnell, Jack Slattery Nessan Rickard Providers Providers Solicitors: A&L Goodbody Numbers Auditor: EY Auditor: KPMG Total Number of Employees: 577 Actuary: Willis Towers Watson Actuary: Mercer HR Consulting Ltd Deferred Pensioners: 542 Administrator: Irish Cement Limited Administrator: Mercer HR Consulting Pensioners: 161 Investment Manager: Capital Ltd Active Members: 442 International, KBI Global Investors Ltd, Investment Manager: Mercer Total Scheme Members: 1145 Blackrock, Irish Life Numbers Categories Numbers Total Number of Employees: 652 Integrated with State Scheme: No Total Number of Employees: 231 Deferred Pensioners: 76 Irish Pension Scheme: Yes Deferred Pensioners: 213 Pensioners: 414 Self Administered Scheme: No Pensioners: 832 Active Members: 625 DB/DC: Defined Benefit Active Members: 191 Segregated/Unitised and Insured: Total Scheme Members: 1236 Categories Unitised Integrated with State Scheme: Yes Categories Have Member Trustees: Yes Irish Pension Scheme: Yes Integrated with State Scheme: Yes Corporate/Individual Tr/Both: Self Administered Scheme: No Irish Pension Scheme: Yes Individual Trustee DB/DC: Multi Self Administered Scheme: Yes Contributory/Non-Contributory: DB/DC: Defined Benefit Contributory Contributory/Non-Contributory: Size of Fund: €500,000,000 Irish Cement Ltd Contributory Fund Range: > 500M Size of Fund: €286,255,000 Segregated/Unitised and Insured: Fund Range: 251-500M Segregated Segregated/Unitised and Insured: Have Member Trustees: Yes Segregated Corporate/Individual Tr/Both: Both Have Member Trustees: Yes Corporate/Individual Tr/Both: Corporate Body Irish Blood Transfusion Service Irish Cement Limited, a company within the CRH Group, is a producer of cementitious materials for the Irish, Address Northern Ireland and overseas markets. National Blood Centre James’s Street Address Dublin 8 Platin Ireland Drogheda Tel: +353 1 4322800 Co Louth Ireland Tel: +353 41 9876000 www.irishcement.ie
106 IAPF YEARBOOK 2018 I
Irish Co-Operative Societies’ Irish Distillers Limited Providers Pension Scheme Investment Manager: State Street Global Advisors Ireland, Legal & General Solicitors: A&L Goodbody, Conor Lynch Address BL, Heissmann Consultants (Irl) Ltd Plunkett House Actuary: Derek McNamee FIA 84 Merrion Square Auditor: Mazars Dublin 2 Administrator: In House Ireland Tel: +353 1 6764783 Numbers Deferred Pensioners: 133 Contacts Irish Distillers distils and distributes Pensioners: 440 Member Rep: Gerry Armstrong internationally a range of famous Irish Active Members: 430 Finance: Brian O’Dowd whiskey, gin and vodka brands. Total Scheme Members: 1003
Providers Categories Our Irish Whiskeys include the Jameson Solicitors: Arthur Cox Integrated with State Scheme: Yes family, Powers, Paddy, and a range of Auditor: Gerard P Reynolds & Assoc. Irish Pension Scheme: Yes deluxe whiskeys including Midleton Actuary: Mercer HR Consulting Ltd Self Administered Scheme: No Very Rare and Redbreast. Along with our Investment Manager: State Street Global DB/DC: Defined Benefit whiskeys we have one Gin product: Cork Advisors Ireland, AllianceBernstein Contributory/Non-Contributory: Both Dry Gin, and in the Vodka category we Fund Range: 26-100M Numbers have ABSOLUT and Huzzar vodka. Segregated/Unitised and Insured: Deferred Pensioners: 1092 Segregated Pensioners: 1096 We also distribute a range of international Have Member Trustees: Yes Active Members: 1230 brands such as Havana Club, Malibu, Corporate/Individual Tr/Both: Total Scheme Members: 3418 Kahlua, Stolichnaya vodka and many Corporate Body more. Jameson, the world’s leading Irish Categories whiskey brand reached sales of two DB/DC: Defined Benefit million cases for the first time in early Contributory/Non-Contributory: 2006. Contributory Irish Ferries Ltd Fund Range: 101-250M Have Member Trustees: Yes Address Corporate/Individual Tr/Both: Simmonscourt House Individual Trustee Simmonscourt Road Ballsbridge Dublin 4 Ireland Tel: +353 1 2129000 www.pernod-ricard.com Irish Ferries is a wholly owned subsidiary Contacts of Irish Continental Group plc and is Member Rep: Claire Nolan Ireland’s largest passenger car ferry and Trustee: Tom Dunphy, Matt Lyons, Pat roll-on, roll-off freight ferry services Magee, Colm Maguire, Robert McDonald, operator. Michael Power Pension Manager: Claire Nolan
IAPF YEARBOOK 2018 107 I
Address Irish Flavours & Fragrances Ltd IForUT operates two separate funds P.O. Box 19 investing in Irish forestry and North Ferryport American forestry respectively. Alexandra Road Address Smamore Dublin 1 Address Ireland Ardee Co Louth Suite 5, Woodford Court Tel: +353 1 6075700 Woodford Business Park www.irishferries.com Ireland Tel: +353 87 2889167 Santry Contacts Dublin 17 Member Rep: John Gray Numbers Ireland Pension Manager: John Gray Total Number of Employees: 1 Tel: +353 1 8623440 Deferred Pensioners: 61 www.iforut.ie Providers Pensioners: 15 Solicitors: Matheson Active Members: 1 Contacts Auditor: Deloitte Total Scheme Members: 77 Member Rep: Brendan Lacey Actuary: Willis Towers Watson Providers Investment Manager: Legal & General Categories DB/DC: Defined Benefit Auditor: PwC Independent Trustee: Irish Ferries Solicitors: McCann FitzGerald Pension Trustee Limited Contributory/Non-Contributory: Contributory Categories Numbers Fund Range: 0-25M Size of Fund: €250,000,000 Deferred Pensioners: 583 Corporate/Individual Tr/Both: Fund Range: 251-500M Pensioners: 673 Individual Trustee Segregated/Unitised and Insured: Active Members: 116 Unitised Total Scheme Members: 1372 Categories Irish Forestry Unit Trust Integrated with State Scheme: Yes Irish Life Assurance Irish Pension Scheme: Yes Self Administered Scheme: Yes Irish Life is one of Ireland’s leading DB/DC: Multi financial institutions in life assurance, Contributory/Non-Contributory: pensions and investments for companies Contributory and individuals. The company has an Fund Range: 251-500M outstanding reputation for innovation and Have Member Trustees: Yes is committed to providing exceptional Corporate/Individual Tr/Both: Irish Forestry Unit Trust (IForUT), customer service throughout its Individual Trustee established in 1994, is a unit trust for operations. investment in forestry by Irish pension funds and charities. Its objective is to Irish Life is part of the Great-West Lifeco provide a competitive, long term real group of companies, one of the world’s rate of return with low risk and volatility leading life assurance organisations. through investment in, and management of, forest assets.
108 IAPF YEARBOOK 2018 I
Members Address Irish Life Corporate Business Irish Life Investment Managers Irish Life Centre Lower Abbey Street Irish Life Corporate Business is the Dublin 1 biggest provider of employee benefit Ireland solutions in Ireland. We work with Tel:+353 1 7042000 employers across the country, supporting www.irishlife.ie group pension and group insurance plans Contacts for their employees. Irish Life Investment Managers is the Member Rep: Anne Marie Madden Our mission is to help people provide a largest manager of Irish pension fund Trustee: William Delaney secure financial future for themselves and assets and offers a full range of investment Pension Manager: Rebecca Shanahan their families. options including LDI solutions, world Providers class indexation, quant strategies and Actuary: Mercer HR Consulting Ltd Irish Life EMPOWER is a new approach multi asset funds. ILIM’s Defined Auditor: Smith Williamson Freaney to company pensions that helps change Contribution team offer full sponsor, Solicitors: McCann FitzGerald, A&L the way employees think about their trustee and member support services Goodbody future. We want to ensure that employers together with an innovative range of Investment Manager: Irish Life have the best possible company pension investment solutions for DC members. plan. A great company pension plan Numbers can help get better outcomes, both for a Address Total Number of Employees: 3015 business and for its employees. Deferred Pensioners: 1598 Beresford Court Pensioners: 645 We constantly research, develop and Beresford Place Active Members: 1088 enhance our products and services. Our Dublin 1 Total Scheme Members: 3331 award winning innovation is backed Ireland by the highest standards of customer Tel: +353 1 7041200 Categories service. Since 2013 we also have the global www.ilim.com Integrated with State Scheme: No experience and expertise of the Great- Contacts Irish Pension Scheme: Yes West LifeCo group of companies. Self Administered Scheme: Yes Member Rep: Eunice Dreelan DB/DC: Defined Benefit Pension Manager: Eoin Keating Members Address Contributory/Non-Contributory: Numbers Irish Life Centre Contributory Total Number of Employees: 195 Size of Fund: €1,076,029,000 Lower Abbey Street Fund Range: > 500M Dublin 1 Categories Segregated/Unitised and Insured: Ireland Integrated with State Scheme: Yes Unitised Tel:+353 1 7042000 Irish Pension Scheme: Yes Have Member Trustees: Yes www.irishlifecorporatebusiness.ie Self Administered Scheme: Yes Corporate/Individual Tr/Both: DB/DC: Multi Individual Trustee Contributory/Non-Contributory: Contributory Segregated/Unitised and Insured: Unitised Have Member Trustees: Yes Corporate/Individual Tr/Both: Individual Trustee
IAPF YEARBOOK 2018 109 I—J
Irish Pensions Trust Limited ITM Limited Categories DB/DC: Defined Benefit Contributory/Non-Contributory: Both Address Fund Range: 0-25M 25 - 28 Adelaide Road Corporate/Individual Tr/Both: Both Dublin 2 Ireland Tel: +353 1 6048160 Contacts JLT Financial Planning Ltd Member Rep: Michael Walsh ITM is the leading independent specialist CEO/Managing Director: Michael Walsh provider of data, administration consulting and systems. We work with a variety of clients from a range of sectors Irish Shell Trust Dac including pensions, financial services and HR. Our services are unique. Our independence and expertise are key JLT is one of the world’s largest providers Address reasons why ITM is the provider of choice. Embassy House of insurance, re-insurance and employee Find out what makes us different and why benefits related advice, brokerage and Ballsbridge we are the fastest growing organisation Dublin 4 associated services. Our services in in our sector. Our services are provided Ireland include pension administration, Ireland either as a consulting project or under Tel: +353 97 89016 consultancy, health insurance and risk a longer term co-sourcing contract and benefit broking and trusteeship. www.shell.com include: - Data review & data cleanse - Contacts Benefit audits - Data migration - System Our clients range from one man Member Rep: Ruth Donohoe implementation - Administration self administered schemes to multi- Trustee: Elaine Arthurs, William Barry, consulting. Please contact us regarding national Defined Benefit and Defined Karina Carey, Ann Hamilton, David any of the above and to book a free Contribution Plans. Pyne, James Smith demonstration of our PenScope pension administration software and e-DAaRT HR: Elaine Arthurs Address data analysis software. Finance: Ann Hamilton Cherrywood House Pension Manager: Amanda Sharpe Cherrywood Business Park Address Loughlinstown 2nd Floor Dublin 18 Minster House Ireland 42 Mincing Lane Tel: +353 1 6362700 London EC3R 7AE www.lam.ie United Kingdom Tel: +44 207 6489990 Contacts www.itmlimited.com Member Rep: Michael Lacey Numbers Numbers Total Number of Employees: 120 Total Number of Employees: 43 Active Members: 60 Categories Total Scheme Members: 60 Integrated with State Scheme: No
110 IAPF YEARBOOK 2018 J
Fund Range: 0-25M Numbers Ireland Segregated/Unitised and Insured: Deferred Pensioners: 140 Tel: +353 87 6184690 Insured Pensioners: 255 Contacts Have Member Trustees: No Active Members: 82 Member Rep: John Feely Corporate/Individual Tr/Both: Total Scheme Members: 477 CEO/Managing Director: John Feely Corporate Body Categories Categories Integrated with State Scheme: Yes Irish Pension Scheme: Yes Irish Pension Scheme: Yes DB/DC: Multi John A. Wood Pension Trustees Self Administered Scheme: No Ltd DB/DC: Defined Benefit Contributory/Non-Contributory: The John A. Wood Pension Scheme is Contributory John Player & Sons one of a number of schemes operated for Fund Range: > 500M employees of CRH plc in Ireland - The Segregated/Unitised and Insured: Part of the Imperial Brands Group, John Building Materials Suppliers Group. Segregated Player Markets and distributes cigarettes, Have Member Trustees: Yes tobacco and Rizla papers to the trade in Its members are mainly employees Corporate/Individual Tr/Both: Both Ireland. The company also distributes the of heretofore John A. Wood Ltd now Marlboro range. Roadstone Ltd, CRH Group Services Ltd and ISAC-CRH Ltd. John Feely Address 21 Beckett Way It commenced in 1974. John A. Wood John Feely is an independent professional Park West Pension Trustees Ltd, the corporate pension trustee for a portfolio of large Nangor Road trustee of the scheme, has a number of pension fund clients. He is an actuary Dublin 12 directors elected by the members. with over 35 years’ experience in pensions Ireland management, investment management Tel: +353 1 2434800 Address and trusteeship. Contacts c/o Roadstone Ltd Member Rep: Deirdre Healy John is a past chairman of the Irish Fortunestown Trustee: Paddy Carr, Peter Daly, Monica Association of Pension Funds and has also Tallaght Doherty, Deirdre Healy, Stephen Walton Dublin 24 served as a director of PensionsEurope, Ireland the European representative body for Providers Tel: +353 1 4041200 pension funds. He is a Fellow of the Actuary: Willis Towers Watson Society of Actuaries in Ireland and the Auditor: PwC Contacts Irish Institute of Pensions Management, Solicitors: William Fry Member Rep: Frank McKeever and has an MBA from Henley Business Administrator: Mercer HR Consulting Pension Manager: Frank McKeever School. Ltd Providers Investment Manager: Irish Life, KBI Solicitors: Babbington Address Global Investors Ltd Auditor: EY Rathville House Numbers Actuary: Willis Towers Watson Kiltullagh Total Number of Employees: 54 Investment Manager: Irish Life Athenry Deferred Pensioners: 133 Investment Managers Galway H65 PF95 Pensioners: 445
IAPF YEARBOOK 2018 111 J
Active Members: 23 Categories • Governance Total Scheme Members: 601 Integrated with State Scheme: Yes • Annuity Buy-out and Buy-in Irish Pension Scheme: Yes • Personal Financial Planning Categories Self Administered Scheme: No • Wealth Management, Estate Planning DB/DC: Defined Benefit DB/DC: Multi Contributory/Non-Contributory: Contributory/Non-Contributory: Both Contributory Address Fund Range: 0-25M Size of Fund: €240,000,000 28 Dale Road Segregated/Unitised and Insured: Fund Range: 101-250M Kilmacud Insured Have Member Trustees: Yes Stillorgan Have Member Trustees: No Corporate/Individual Tr/Both: Co Dublin Corporate/Individual Tr/Both: Both Corporate Body Ireland Tel: +353 1 2881618 [email protected] Joseph G. Byrne & Sons Jones Lang LaSalle Limited Contacts Consulting Actuaries Ltd Member Rep: Joe Byrne CEO/Managing Director: John Byrne Address An Irish owned consulting firm that has Styne House provided actuarial advice for over 30 Numbers Upper Hatch Street years to both Companies, Trustees and Total Number of Employees: 14 Dublin 2 individuals. Categories Ireland DB/DC: Defined Contribution Tel: +353 1 6731600 Our team of long established professionals Contributory/Non-Contributory: www.jll.ie provides a wealth of experience, Contributory independent pro-active advice on Providers Fund Range: 0-25M complex issues and most importantly a Investment Manager: Northern Trust Corporate/Individual Tr/Both: personalised service tailored specifically Property Adviser: Jones Lang LaSalle Corporate Body Solicitors: William Fry for our clients’ needs. Accountant: KPMG Actuary: Joseph G Byrne FIA Our services include the following: Auditor: KPMG JP Morgan Asset Management • Corporate Pensions Consulting Investment Consultant: KBC AMAv • Pensions Restructuring and Plan Numbers Reviews Address Total Number of Employees: 95 • Scheme Actuary Work J.P. Morgan House Deferred Pensioners: 67 • Scheme Closure Management IFSC Pensioners: 14 • Defined Contribution Consulting Dublin 1 Total Scheme Members: 81 • Member Communications Ireland • Trustee Services Tel: +353 1 6123353 • Dispute Resolution www.jpmorganassetmanagement.com • Provider Evaluation Contacts • Public Sector and Commercial Semi- Member Rep: Kevin Coughlan state Consulting • Investment Consulting • Fiduciary Management Oversight
112 IAPF YEARBOOK 2018 J—K
Providers Address We have been managing assets since Solicitors: A&L Goodbody Sandwith Street 1980 and currently manage specialist Auditor: KPMG Dublin 2 equity strategies which are offered to Actuary: Mercer HR Consulting Ltd Ireland institutional investors. Investment Manager: Zurich Tel: +353 1 6646000 www.kbc.ie We believe that we were the first manager Categories to develop a diversified (all industries and Integrated with State Scheme: Yes Contacts regions) global equity strategy using a Irish Pension Scheme: Yes Member Rep: John Healy dividend payout based methodology. This Self Administered Scheme: No Trustee: Rickard Mills strategy has consistently outperformed DB/DC: Defined Contribution CEO/Managing Director: Wim the MSCI World Index since its 2003 Contributory/Non-Contributory: Verbraeken launch with less risk and volatility. Non Contributory Numbers Fund Range: 0-25M Our Natural Resource Strategies were Total Number of Employees: 1000 Segregated/Unitised and Insured: launched in 2000 – again we were one of Deferred Pensioners: 537 Unitised the first to market in identifying value- Pensioners: 27 Have Member Trustees: Yes adding themes of the future and building Active Members: 978 Corporate/Individual Tr/Both: Both a specialist capability to enable our clients Total Scheme Members: 1542 to gain investment exposure in these Categories areas. Integrated with State Scheme: Yes KBC Bank Ireland Irish Pension Scheme: Yes Each strategy is managed by specialist Self Administered Scheme: No teams with investment autonomy and KBC Bank Ireland plc (‘KBC’) is a bank, DB/DC: Defined Contribution operational independence. which has been operating in Ireland for 40 Contributory/Non-Contributory: Both years and has been a member of the KBC Size of Fund: €31,874,356 Address group since 1978. Fund Range: 26-100M 3rd Floor Have Member Trustees: Yes 2 Harbourmaster Place Our parent, KBC Bank NV is one of Corporate/Individual Tr/Both: IFSC Europe’s largest banks. KBC Bank NV Corporate Body Dublin 1 is a member of the KBC group. Here in Ireland Ireland, KBC provides banking services Tel: +353 1 4384456 to customers throughout Ireland. Our www.kbigi.com 1,000+ employees in Dublin, Cork, KBI Global Investors Ltd Limerick, Galway, Kilkenny, Waterford Contacts and Kildare are dedicated to working in Member Rep: John Griffith partnership with our customers to ensure Trustee: Eoin Fahy their financial needs are met. We are Providers committed to delivering responsible but Custodian: Northern Trust Custodial innovative banking that is grounded in Services Ireland Ltd customer and shareholder value. Auditor: EY KBIGI is an institutional asset manager Actuary: Mr. Michael Madden FSAI based in Dublin, managing approximately Administrator: Mercer HR Consulting €7.9bn (as at 30th June 2016) in assets for Ltd clients based in Ireland, the UK, Europe, Investment Manager: KBI North America and Asia. IAPF YEARBOOK 2018 113 K
Categories Categories Killarney Hotels Limited Segregated/Unitised and Insured: Integrated with State Scheme: Yes Unitised Irish Pension Scheme: Yes Have Member Trustees: Yes Self Administered Scheme: No Address Corporate/Individual Tr/Both: DB/DC: Multi The Europe Hotel & Resort Individual Trustee Contributory/Non-Contributory: Fossa Contributory Killarney Fund Range: 26-100M Kerry Segregated/Unitised and Insured: Ireland Kellogg Europe Trading Ltd Unitised Tel: +353 64 6671300 Have Member Trustees: Yes www.killarneyhotels.ie Address Corporate/Individual Tr/Both: Contacts c/o Kellogg Management Services Individual Trustee Trustee: Adrian Stehr The Kellogg Building HR: Denise Spillane Talbot Road Numbers Manchester M16 0PU Kerry Group plc Total Number of Employees: 125 United Kingdom Active Members: 46 Tel: +44 800 0854905 Kerry Group is global leader in Taste and Total Scheme Members: 46 www.kelloggs.com Nutrition serving the food, beverage and Categories Contacts pharmaceutical industries, and a leading Irish Pension Scheme: Yes Member Rep: Maria Baugh supplier of added value brands and Self Administered Scheme: No Pension Manager: Maria Baugh, Helen customer branded foods to the Irish, UK DB/DC: Defined Contribution Foster and selected international markets. Contributory/Non-Contributory: Providers Contributory Accountant: PwC Address Prince’s Street Numbers Tralee Total Number of Employees: 270 Co Kerry Deferred Pensioners: 198 Ireland Pensioners: 22 Tel: +353 45 930659 Active Members: 252 www.kerry.com Total Scheme Members: 472 Contacts Member Rep: Amanda King Pension Manager: Amanda King Finance: Patrick Randles
114 IAPF YEARBOOK 2018 K
Kingston Technology Kostal Ireland GmbH Corporate/Individual Tr/Both: International Ltd Individual Trustee Electronic manufacturers supplying to the international automotive markets. Address Snugborough KPMG Blanchardstown Address Dublin 15 Mountmahon Ireland Abbeyfeale Tel: +353 1 8128807 Co Limerick www.kingston.ie Ireland Tel: +353 68 31444 Contacts Member Rep: Nick Palmer Contacts KPMG is a leading global network of Trustee: Nick Palmer Member Rep: Paul Morris professional services firms providing HR: Nick Palmer Trustee: Pat Cronin, Liam Doab, John Mangan, Paul Morris Audit, Tax and Advisory services to HR: John Mangan clients ranging from dynamic and fast Finance: Paul Morris growing business start ups to large multinational organisations. With 86 Kintetsu World Express (Ireland) Providers Ltd partners and more than 2,500 staff in Auditor: PwC offices in Dublin, Belfast, Cork and Solicitors: Holmes O’Malley Sexton Galway, KPMG’s business advisers work Address Administrator: Aon Hewitt with major clients helping them to meet Unit 4, Horizon Logistics Park Investment Manager: State Street Global their complex business challenges. Harristown Advisors Ireland, F & C Ireland, ILIM, Aberdeen Standard Investments Ltd, Swords Address Co Dublin Northern Trust, Jefferies International Limited 1 Stokes Place Ireland St Stephen’s Green Tel: +353 1 8239600 Numbers Dublin 2 www.kwe.com Total Number of Employees: 997 Ireland Contacts Deferred Pensioners: 191 Tel: +353 1 4101000 Member Rep: Michael Roche Active Members: 840 www.kpmg.ie Total Scheme Members: 1031 Numbers Contacts Total Number of Employees: 33 Categories Member Rep: Alison Tierney Active Members: 20 Integrated with State Scheme: Yes HR: Alison Tierney Total Scheme Members: 20 Irish Pension Scheme: Yes Finance: Mark Mulqueen Self Administered Scheme: No Categories DB/DC: Defined Contribution Providers DB/DC: Defined Contribution Contributory/Non-Contributory: Investment Manager: Zurich, Standard Contributory/Non-Contributory: Both Contributory Life Investments Ltd, Schroder Fund Range: 0-25M Fund Range: 26-100M Investment Management Corporate/Individual Tr/Both: Both Segregated/Unitised and Insured: Solicitors: A&L Goodbody Unitised Actuary: Willis Towers Watson Have Member Trustees: Yes Independent Trustee: KPMG Staff Pension
IAPF YEARBOOK 2018 115 K—L
Schemes Trustee Limited Address Lane Clark & Peacock Ireland Ltd Administrator: Willis Towers Watson Killeshandra Co Cavan Numbers Ireland Total Number of Employees: 2500 Tel: +353 49 4364200 Deferred Pensioners: 516 Pensioners: 88 Contacts Active Members: 800 Member Rep: Tadhg O’Halloran Total Scheme Members: 1404 Trustee: Thomas Duffy, Michael Ryan HR: Chris Shiels Lane Clark & Peacock offer a wealth Categories of experience and expertise to Integrated with State Scheme: No Providers assist employers and trustees with Irish Pension Scheme: Yes Actuary: Willis Towers Watson the management of their pension Self Administered Scheme: No Auditor: O’Connor Leddy Holmes arrangements. DB/DC: Defined Contribution Solicitors: McCann FitzGerald Contributory/Non-Contributory: Investment Manager: State Street Global Contributory Advisors Ireland Address Size of Fund: €161,000,000 Office 2, Grand Canal Wharf Numbers Fund Range: 101-250M South Dock Road Total Number of Employees: 450 Segregated/Unitised and Insured: Dublin 4 Deferred Pensioners: 165 Unitised Ireland Pensioners: 109 Have Member Trustees: Yes Tel: +353 1 6144393 Active Members: 333 Corporate/Individual Tr/Both: www.lcpireland.com Total Scheme Members: 607 Corporate Body Contacts Categories Member Rep: Conor Daly Integrated with State Scheme: Yes Irish Pension Scheme: Yes Categories Lakeland Dairies Co-Op Society Self Administered Scheme: No Irish Pension Scheme: Yes DB/DC: Multi Fund Range: 0-25M Contributory/Non-Contributory: Corporate/Individual Tr/Both: Both Contributory Size of Fund: €58,000,000 Fund Range: 26-100M Law Society Segregated/Unitised and Insured: Segregated Have Member Trustees: Yes Address Lakeland Dairies is a Dairy co-operative Corporate/Individual Tr/Both: Both Blackhall Place in the Dairy, Food & Agricultural Dublin 7 business. Products include butter, casein, Ireland full cream milk powder, UHT products Tel: +353 1 6724800 and animal feeds. www.lawsociety.ie Contacts Trustee: Donna Lynch
116 IAPF YEARBOOK 2018 A
A true meeting of minds. That’s how we generate the best ideas for our clients.
We think that the most effective client relationships aren’t just based on mutual interest, they’re based on a genuinely shared agenda.
Take the example of a major UK pension scheme. The pension fund needed something that could give their members better returns while sheltering them from the long-term financial risks of climate change. Knowing LGIM’s values and working practices were aligned with their own they asked us to build a brand new fund to power their pension scheme. So we put our heads together with FTSE Russell and between us we developed the Future World Fund, a ground- breaking, multi-factor fund that tackles climate change risks head on.
By actively engaging with companies who hold the key to a low carbon future and selectively divesting companies that fail to meet the necessary standards, we have created a light bulb product that has the potential to provide thousands of scheme members with a future proofed pension. Why? Because, in all our heads, it’s the right thing to do.
Tom O’Gorman, Head of Distribution, Ireland • Tel: +353 1905 8520† • Email: tom.o’[email protected] Richard Kelly, Head of Client Business, Ireland • Tel: +353 1905 8522† • Email: [email protected]
This document should not be taken as an invitation to deal in Legal & General investments. The value of an investment and any income from it can go down as well as up, you may not get back the amount you originally invested. Issued by Legal & General Investment Management Limited. Registered in England No 02091894. Registered office: One Coleman Street, London EC2R 5AA. Authorised and regulated by the Financial Conduct Authority. †Call charges will vary. IAPF YEARBOOK 2018 117
LGIM0154_Minds_IAPF Yearbook_210x210_hi.indd 1 24/10/2017 15:58 L
Numbers Legal & General Investment Contacts Total Number of Employees: 125 Management Member Rep: Tom O’Gorman Pensioners: 75 Active Members: 50 Total Scheme Members: 125 LEO Pharma Categories Irish Pension Scheme: Yes LEO Pharma helps people achieve healthy Self Administered Scheme: Yes skin. By offering care solutions to patients DB/DC: Defined Benefit in more than 100 countries globally, LEO Pharma supports people in managing their skin conditions. Laya Healthcare Limited Legal & General Investment Management (LGIM) is one of Europe’s largest asset Founded in 1908 and owned by the LEO managers and a major global investor, Foundation, the healthcare company Address with total assets under management has devoted decades of research and Eastgate Road of €1,083.2 billion*. We work with a development to delivering products and Eastgate Business Park wide range of global clients, including solutions to people with skin conditions. Little Island pension schemes, sovereign wealth LEO Pharma is headquartered in Cork funds, fund distributors and retail Denmark and employs around 4,800 Ireland investors. Throughout the past 40 years people worldwide. Tel: +353 21 2022106 we have built our business through www.layahealthcare.ie understanding what matters most to our LEO Pharma (LEO Laboratories Ltd) was established in Ireland in 1958. Numbers clients and transforming this insight into Total Scheme Members: 600 valuable, accessible investment products and solutions. We provide investment Address Categories expertise across the full spectrum of asset Cashel Road Integrated with State Scheme: Yes classes including fixed income, equities, Dublin D12 E923 Irish Pension Scheme: Yes multi-asset, commercial property and Ireland Self Administered Scheme: Yes cash. Our capabilities range from index- Tel: +353 1 4908924 DB/DC: Multi tracking and active strategies to liquidity www.leo-pharma.ie Contributory/Non-Contributory: management and liability-based risk Contacts Contributory management solutions. Trustee: Neil Moore, Martin O’Brien, Fund Range: 26-100M John Stinson, Eamon Thornton, Peter *as at 30 June 2017, including derivative Young positions. These figures include assets CEO/Managing Director: Brendan managed by LGIMA, an SEC Registered Fitzpatrick Investment Advisor. HR: Yvonne O’Sullivan Finance: Rose Creegan Address One Coleman Street Providers London EC2R 5AA Investment Manager: Mercer Investment United Kingdom Management Tel: +44 203 1243000 Custodian: Northern Trust www.lgim.com Actuary: Mercer
118 IAPF YEARBOOK 2018 L—M
Independent Trustee: IPT LK Shields Solicitors Numbers Auditor: PwC Total Number of Employees: 115 Administrator: Invesco Limited Categories Categories Irish Pension Scheme: Yes Segregated/Unitised and Insured: Self Administered Scheme: No Segregated DB/DC: Defined Contribution Have Member Trustees: Yes Contributory/Non-Contributory: Corporate/Individual Tr/Both: Both LK Shields Solicitors is a full service Contributory commercial law firm. Fund Range: 0-25M Have Member Trustees: No Our pensions and benefits unit provides Corporate/Individual Tr/Both: LGT Bank Ltd, Dublin Branch specialist legal services and guidance Individual Trustee on all aspects of pensions law and Address regulatory issues including pension scheme implementation, amendment Fourth Floor M&G Investments 30 Herbert Street and reorganisation, funding issues, Dublin 2 employment issues affecting pension For more than 80 years in the fund Ireland benefits and their alteration or management industry, M&G has offered Tel: +353 1 4337400 discontinuance, equality laws, the role investors a range of innovative products www.lgt.com and responsibilities of trustees, disputes affecting pension funds and pensions and services that have been designed Contacts aspects of mergers and acquisitions. to meet their changing needs. This Member Rep: Jenna Goodwin dedication to their clients has helped them Legal: Jenna Goodwin The firm is consistently and highly become one of the largest investment recommended by independent companies in the UK. Providers publications including Chambers Global, Administrator: Irish Life Chambers Europe, The Legal 500 and PLC M&G believes in giving their fund Categories Which Lawyer? managers the freedom to act on their DB/DC: Defined Contribution convictions and supports them with in- Contributory/Non-Contributory: Both The priority at LK Shields is to provide depth research from their analysts. As a Fund Range: 0-25M first rate legal advice to our clients. We result, clients can benefit from a market- Corporate/Individual Tr/Both: Both see our role as that of a business partner leading institutional offering that covers rather than just a legal service provider. unconstrained equities, fixed income We add value by providing commercially (public and private debt), multi asset and focused advice, tailored to the specific real estate. needs of an organisation. Address Address Governors House 40 Upper Mount Street Laurence Pountney Hill Dublin 2 London EC4R 0HH Ireland United Kingdom Tel: +353 1 6610866 Tel: +44 20 37902623 www.lkshields.ie www.mandg.co.uk/institutions
IAPF YEARBOOK 2018 119 M
Contacts Contacts Matheson Member Rep: Grant Hadland Member Rep: Stephen Gillick CEO/Managing Director: Declan Black Finance: Des Murray Mason Hayes & Curran Providers Investment Consultant: Willis Towers Watson Auditor: BDO Administrator: Willis Towers Watson Investment Manager: State Street Global Advisors Ireland Matheson is the law firm of choice for internationally focused companies and Numbers financial institutions doing business in Total Number of Employees: 205 and from Ireland. Our clients include the Active Members: 97 majority of the Fortune 100 companies. Total Scheme Members: 97 We also advise 7 of the top 10 global technology brands and over half of the Mason Hayes & Curran is a business Categories world’s 50 largest banks. law firm with offices in Dublin, London, Integrated with State Scheme: No
New York and San Francisco. The firm Irish Pension Scheme: Yes Matheson’s Pensions Group focuses 100% employs 360 staff and provides a broad Self Administered Scheme: No on providing pensions law advice. Our range of services to business, institutional DB/DC: Defined Contribution team is built around pure pensions know- and government clients. Contributory/Non-Contributory: Both how. We are consistently chosen to advise Size of Fund: €589,923,658 on the most significant pensions matters. We advise employers and pension scheme Fund Range: > 500M This includes advising multinationals trustees on the establishment, operation Segregated/Unitised and Insured: and financial institutions on pensions law and impact of legislative change on Unitised matters around mergers and acquisitions, all types of pension schemes. We can Have Member Trustees: Yes the establishment of occupational pension advise and guide clients through the legal Corporate/Individual Tr/Both: schemes and employee benefit schemes, processes involved in restructuring or Individual Trustee the restructuring of schemes, and advising winding up their pension schemes. on contentious disputes.
We have in-depth experience in resolving pension disputes, and are fully equipped Address to advise clients through litigation should 70 Sir John Rogerson’s Quay it become necessary. Dublin 2 Ireland Tel: +353 1 2322000 Address www.matheson.com Barrow Street Dublin 4 Contacts Ireland Member Rep: Brian Buggy Tel: +353 1 6145000 Trustee: Brian Buggy www.mhc.ie Numbers Total Number of Employees: 600
120 IAPF YEARBOOK 2018 M
Categories Address McElvaney Consultants Irish Pension Scheme: Yes Block 3 Contributory/Non-Contributory: Harcourt Centre McElvaney Consultants provides the Contributory Harcourt Road full range of consultancy services for Corporate/Individual Tr/Both: Dublin 2 corporate pension schemes Corporate Body Ireland Tel: +353 1 4494411 Address www.mazars.ie 31 Newbridge Avenue Mazars Contacts Sandymount Member Rep: Bernard Barron Dublin 4 Partner: Bernard Barron Ireland Tel: +353 1 6697654 www.mcec.ie McCann FitzGerald Contacts Mazars is one of the largest audit, tax Member Rep: Joe McElvaney and consulting firms in Ireland and internationally. The firm specializes as Address pension scheme auditors and advisers Riverside One with vast experience in the provision of Sir John Rogerson’s Quay McKesson high quality services for pension schemes. Dublin 2 New technology, new services, and Our pension assurance services include: Ireland Tel: +353 1 8290000 new ideas are needed in the Healthcare • Independent assurance provided from www.mccannfitzgerald.ie sector to deliver improved outcomes for efficient and cost effective pension businesses and patients, and McKesson Contacts is at the forefront of this transformation. audit or review processes, meeting Member Rep: Maureen Dolan reporting deadlines set down under We work with health care organizations pension regulations and legislation Numbers of all types to strengthen the health of and by clients Total Number of Employees: 560 their business, helping them control • Independent review of quality of costs, develop efficiencies and improve Categories administrative, risk and control quality. We build essential connections Irish Pension Scheme: Yes procedures and systems that make health care smarter, creating Self Administered Scheme: No • Advising Trustees in relation to best intelligent networks that expand access, DB/DC: Defined Benefit practice and responsibilities reduce waste, and bring people and Contributory/Non-Contributory: • Provision of independent internal information closer together. We supply Non Contributory control reviews the industry with the resources, support Fund Range: 0-25M • Pensions accounting treatment review and technology it needs to create new Have Member Trustees: Yes and advice e.g. SORP/FRS/IFRS/US standards and a world of better health. Corporate/Individual Tr/Both: GAAP Corporate Body • Advising on changes in legislation and regulations
IAPF YEARBOOK 2018 121 M
Address Contributory fund management business within the Unit 3300 Fund Range: 101-250M Merrion Capital Group with funds under Cork Airport Business Park Segregated/Unitised and Insured: management of c. €1 billion. Cork Unitised Co Cork Have Member Trustees: Yes Address Ireland Corporate/Individual Tr/Both: 2nd Floor Tel: +353 21 4548272 Individual Trustee Heritage House www.mckesson.com 23 St Stephen’s Green Contacts Dublin 02 AR55 Member Rep: Jackie Carmody Merrion Investment Managers Ireland Tel: +353 1 6702500 www.merrion-investments.ie Merrion Investment Managers was Mercer established in 1986 and is Ireland’s Contacts leading independent investment manager. Member Rep: Seamus O’Donnchadha Our approach to active investment management has been extremely rewarding for our clients with our funds consistently outperforming both the Merrion Stockbrokers Ltd underlying markets and the returns of our Merrion Capital Group is Ireland’s leading Mercer is Ireland’s leading pensions, competitors over the long-term. This has independent stockbroking and corporate investments and employee benefits been achieved within a secure framework finance firm. Established in 1999, Merrion consulting firm. Our depth of resources that has been designed to ensure that has set itself apart through its creative and and expertise allow us to provide a full our clients’ assets are held completely dynamic approach to its services. On the range of solutions to meet all our clients’ independently of our own business. We stockbroking side, Merrion Stockbrokers needs and to deliver a responsive high manage investment portfolios on behalf Wealth Management division provides quality service. of pension schemes, corporate bodies, charities, religious orders and high net High Net Worth clients with high worth individuals. We offer a wide range quality investment advice and services Address of pension, savings and investment in equities, bonds, property and cash Charlotte House funds which include equity, bond, cash, management. We believe strongly in the Charlemont Street multi-asset and absolute return funds. value of personal contact and in building Dublin 2 The consistency and extent of Merrion strong and lasting client relationships and Ireland Investment Managers’ outperformance is our independence sets us apart from the Tel: +353 1 6039700 the result of a distinct investment process competition. Our objective is to provide www.mercer.ie that is not dependent on a particular superior returns on investments through Contacts investment style or market environment. active management of portfolios. We Member Rep: Audrey Baldwin Our focus is on obtaining the maximum have a highly skilled team of portfolio return available within the market, rather managers, each of whom has on average Categories than merely tracking the performance of over ten years of experience in funds Integrated with State Scheme: Yes indices or other investment managers. management and/or stockbroking. All Irish Pension Scheme: Yes There are three key inputs to our of our clients have a dedicated portfolio Self Administered Scheme: No investment process: macro-economic, manager. DB/DC: Multi valuation and technical analysis. Merrion Contributory/Non-Contributory: Investment Managers is an independent
122 IAPF YEARBOOK 2018 M
Address than $70 billion in currency risk overlay Contacts Guild House assets for institutional clients in North Member Rep: James Lindsay Guild Street America, UK, Europe, and Australia. Trustee: James Lindsay IFSC Investment: James Lindsay Dublin 1 Address Ireland Sackville House Tel: +353 1 2404259 40 Piccadilly Microsoft Ireland www.merrion-capital.com London W1J 0DR United Kingdom Contacts Microsoft first opened its doors in Ireland Tel: +44 207 8511724 Member Rep: Jean Masterson in 1985 with a small manufacturing www.mesirowfinancial.com Numbers facility employing just over one hundred Total Number of Employees: 60 Contacts people. Since that time, Microsoft Ireland Member Rep: Ian McFarlane has grown to encompass four distinct Categories Investment: Ian McFarlane operations at its campus in Sandyford in Irish Pension Scheme: Yes Dublin, employing over 1,500 full time Self Administered Scheme: Yes employees and 700 full-time contract DB/DC: Defined Contribution staff. Contributory/Non-Contributory: Both MFS Investment Management Corporate/Individual Tr/Both: Both Microsoft’s operations in Ireland include software development and testing, localisation, operations, finance, IT, HR and sales & marketing, both here in Mesirow Financial Currency Ireland and across Europe, Middle East Management and Africa.
Mesirow Financial Currency Management Address customizes solutions to suit specific At MFS, we take the long view, both in Building 3 client needs, ranging from passive to the way we invest for clients and the way Carmanhall Road active currency risk management. Our we run our business. It’s not about what Sandyford Industrial Estate innovative solutions are complimented by we can accomplish tomorrow, but what Dublin 18 a commitment to operational excellence will sustain us for the future. Our success Ireland and premium client service. With the lies in our ability to stay focused on the Tel: +353 1 850940940 expertise to provide objective, strategic horizon. It means hiring employees who www.microsoft.com/ireland/about advice, we partner with our institutional share our values, aligning with investors clients to implement best practice who share our long-term philosophy, and Contacts currency risk programs for their unique always acting in our clients’ best interests. Trustee: Noel Harnett, Paul Kinch, Maisie set of circumstances. Mooney, Martin Orsted Numbers As a private, employee owned firm, Address Total Number of Employees: 1572 Mesirow Financial is free from many 1 Carter Lane Deferred Pensioners: 1790 conflicts of interest associated with London EC4V 5ER Active Members: 1572 bank-affiliated organizations or publicly United Kingdom Total Scheme Members: 3362 held firms and is fully aligned with the Tel: +44 207 4297302 interests of our clients. We manage more www.mfs.com
IAPF YEARBOOK 2018 123 M
Categories Morgan Stanley Investment MSD Ireland Integrated with State Scheme: No Management Irish Pension Scheme: Yes Address DB/DC: Defined Contribution Morgan Stanley Investment Management Contributory/Non-Contributory: Red Oak North is one of the world’s largest active asset South County Business Park Contributory managers. We offer wealth management Have Member Trustees: Yes Leopardstown services to a diverse client base which Dublin 18 includes governments, co-operatives, Ireland corporate and public pension funds and Tel: +353 1 2998700 Misys Ireland Limited individuals. www.msd-ireland.com
Our investment strategies span the Contacts International Financial Software risk/return spectrum and include Member Rep: Robert J Ash Development Company equities, bonds, and alternatives in both Finance: Robert J Ash established and developing markets. Address First Floor, Block G Providers Address Eastpoint Business Park Investment Manager: Mercer 25 Cabot Square Clontarf Administrator: Mercer London E14 4QA Dublin 3 Independent Trustee: IPT United Kingdom Ireland Tel: +44 207 74253473 Numbers Tel: +353 1 6361000 www.morganstanley.com/im Total Number of Employees: 1400 www.misys.com Deferred Pensioners: 2452 Contacts Contacts Pensioners: 375 Member Rep: Peter Escott Member Rep: Anne Teggart Active Members: 1307 Finance: Peter Escott Trustee: Shay Curtin Total Scheme Members: 4134 Pension Manager: Anne Teggart Categories Categories HR: Anne Teggart Integrated with State Scheme: No Integrated with State Scheme: Yes Irish Pension Scheme: No Numbers Irish Pension Scheme: Yes Self Administered Scheme: No Total Number of Employees: 27 Self Administered Scheme: Yes DB/DC: Defined Contribution Deferred Pensioners: 97 DB/DC: Defined Benefit Contributory/Non-Contributory: Both Active Members: 24 Contributory/Non-Contributory: Have Member Trustees: No Total Scheme Members: 121 Contributory Size of Fund: €754,000,000 Categories Fund Range: > 500M Integrated with State Scheme: No Segregated/Unitised and Insured: Irish Pension Scheme: Yes Unitised Self Administered Scheme: No Have Member Trustees: Yes DB/DC: Defined Contribution Corporate/Individual Tr/Both: Contributory/Non-Contributory: Individual Trustee Contributory Segregated/Unitised and Insured: Segregated, Unitised, Insured Have Member Trustees: Yes
124 IAPF YEARBOOK 2018 M
Muiriosa Foundation Dublin 18 Contacts Ireland Member Rep: Kevin Cruise O’Shea Tel: +353 1 2063800 Pension Manager: Kevin Cruise O’Shea Address www.mundipharma.ie Trustee: Alan Cunningham, John Moore Abbey Dorney, Luke Hanlon, Gerry McDonogh, Contacts Monasterevin Paul Nimmo, Patrick O’Brien, Matt Member Rep: Tomas Morrissey Kildare O’Callaghan, Frank Walley Ireland Numbers Providers Tel: +353 45 525327 Total Number of Employees: 16 Auditor: PwC www.muiriosa.ie Deferred Pensioners: 2 Solicitors: Arthur Cox Active Members: 16 Contacts Investment Consultant: Mercer HR Total Scheme Members: 18 Member Rep: Paul Smyth Consulting Ltd Trustee: Paul Smyth Categories Actuary: Mercer HR Consulting Ltd Providers DB/DC: Defined Contribution Administrator: Mercer HR Actuary: Friends First Contributory/Non-Contributory: Consulting Ltd Administrator: Friends First Contributory Investment Manager: IPUT, Mercer Investment Manager: BMO Global Asset Numbers Management Ireland Total Number of Employees: 3200 Numbers Musgrave Group plc Deferred Pensioners: 2387 Total Number of Employees: 800 Pensioners: 217 Deferred Pensioners: 18 Total Scheme Members: 2604 Pensioners: 20 Categories Active Members: 29 Integrated with State Scheme: Yes Total Scheme Members: 67 Irish Pension Scheme: Yes Categories Self Administered Scheme: Yes Integrated with State Scheme: No DB/DC: Defined Benefit Irish Pension Scheme: Yes Contributory/Non-Contributory: DB/DC: Defined Benefit Our business started with a partnership Contributory Fund Range: 0-25M and partnership remains at the very heart Size of Fund: €280,500,000 of our company culture. Today we partner Fund Range: 251-500M entrepreneurial food retailers and food- Segregated/Unitised and Insured: service professionals in the Republic of Unitised Mundipharma Ireland, Northern Ireland and Spain. Have Member Trustees: Yes Pharmaceuticals Ltd Corporate/Individual Tr/Both: Address Individual Trustee The principal activity of the company is Ballycurreen Industrial Estate the sale, marketing and distribution of Ballycurreen pharmaceutical products. Airport Road Cork T12 TN99 Address Ireland Millbank House Tel: +353 21 4522222 Arkle Road www.musgrave.ie Sandyford
IAPF YEARBOOK 2018 125 N
National Federation of Voluntary It also assigns staff and provides business consultative approach based on listening Bodies Providing Services and support services and systems to the and understanding clients’ needs. It goes to People with Intellectual National Asset Management Agency and beyond products to create comprehensive the Strategic Banking Corporation of investment solutions for institutions, Disability Ireland. intermediaries and individuals and it’s an approach that helps clients around the National Umbrella Organisation, globe make the most of complex markets. representing service providers who Address Treasury Building provide services and supports to people *As of June 30, 2015, assets under with intellectual disability. Lower Grand Canal Street Dublin 2 management (AUM). Ireland ** Cerulli Quantitative Update: Global Address Tel: +353 1 6640800 Markets 2015 ranked Natixis Global Asset Oranmore Business Park www.ntma.ie Oranmore Management, S.A. as the 17th largest asset Galway Contacts manager in the world based on AUM as of Ireland Trustee: Ian Black, Brendan McDonagh, December 31, 2014. Tel: +353 91 792316 Adrian O’Donovan www.fedvol.ie Numbers Address Contacts Total Number of Employees: 782 1 Carter Lane Member Rep: Brian O’Donnell London EC4V 5ER Categories United Kingdom Numbers Corporate/Individual Tr/Both: Tel: +44 20 34052173 Deferred Pensioners: 960 Individual Trustee www.ngam.natixis.co.uk Active Members: 3361 Total Scheme Members: 4321 Contacts Member Rep: Euan MacLaren Categories Natixis Global Asset Director: Euan MacLaren DB/DC: Defined Contribution Management Size of Fund: €175,421,489 Categories Corporate/Individual Tr/Both: Both Fund Range: > 500M
National Treasury Management Agency
The National Treasury Management Natixis Global Asset Management (£575 Agency provides a range of asset billion AUM*) ranks as one of the 17 and liability management services to largest asset management firms in the Government. These services include world**, with more than 20 affiliates in borrowing on behalf of the Government the U.S., Europe and Asia. Natixis’ multi and management of the National Debt, affiliate structure provides a single point the State Claims Agency, NewERA, the of access to specialised professionals with Ireland Strategic Investment Fund and the unique insights and diverse approaches National Development Finance Agency. to investing. The firm’s hallmark is a
126 IAPF YEARBOOK 2018 N
New Ireland Assurance Contacts Northern Trust Company plc Trustee: Robert Wolfe Pension Manager: John Killeen, Brian Macdonald, James Skehan
Newcourt Pensioneer Trustees Limited Northern Trust operates at the forefront New Ireland Assurance Company is of the pensions industry, with services celebrating its centenary in 1918. Newcourt Pensioneer Trustees Limited (Newcourt) provide Corporate Trustee being led by a dedicated Retirement We are one of the leading life assurance services to Defined Contribution Pension Solutions Practice and underpinned by companies in the country, with over Schemes, Group Life Assurance and AVC our expertise, proven technology and 500,000 policy holders and in excess of Schemes. Newcourt is also approved as history of financial strength and stability. €17.5 billion in assets under management. a Pensioneer Trustee by the Revenue Our advantages also include: Commissioners and as a Registered • Dedicated pensions team supported by We pride ourselves on our commitment Administrator by the Pensions Authority. a global network and operating model to providing high quality, courteous and Currently we provide Corporate Pension • Comprehensive asset servicing efficient service to our customers. Trustee services to several hundred solutions ranging from global custody Pension Schemes, with membership The company’s strong customer focus has to specialist investment accounting, ranging from one member to several been externally validated by a number institutional governance services and hundred members. Newcourt Pensioneer of awards, including Pensions Scheme expertise in servicing alternatives Trustees Limited have over twenty five Administrator of the Year Awards in 2015 • Personalised asset management years’ experience acting as Trustees and 2016. solutions offering a range of global to Pension Schemes, which we believe equity solutions, cash and fixed enhances our ability to provide effective With over 50 funds on our platform, we income, alternatives and manager of and comprehensive Trustee services to offer choice and diversification in our manager capabilities our clients. fund offering. The funds we offer fit into • Two offices in Ireland supported a range of different risk classifications by offices in London, Amsterdam, from very low to very high risk. Many Address Luxembourg and Guernsey in addition of our investment funds are managed by Father Mathew Hall to our global network of expertise. For a carefully selected range of global and 131 Church Street more details contact Sandra Cooke domestic fund managers. New Ireland is a Dublin 7 on +353 1 542 2011 or via email at member of Bank of Ireland Group. Ireland [email protected] Tel: +353 1 8280070 www.newcourttrustees.ie Address Address 9-12 Dawson Street Contacts Georges Court Dublin 2 Member Rep: Lisa Burton 54 - 62 Townsend St Ireland Dublin 2 Tel: +353 1 6172000 Ireland www.newireland.ie Tel: +353 1 5422000 www.northerntrust.com
IAPF YEARBOOK 2018 127 O
O’Mahony Actuarial & Pension Additional cover can be secured to: Contacts Legal Services Ltd pursue third party providers, apply an Member Rep: Gerard McHale each claim basis (as opposed to an annual HR: Gerard McHale aggregate limit) and for court application Numbers Address costs. Sunglin Deferred Pensioners: 1972 Hainault Road OPDU cover stands in front of the Active Members: 1182 Foxrock various parties involved and can therefore Total Scheme Members: 3154 Dublin D18 W8C7 facilitate faster resolution than having to Ireland get them to accept liability. Tel: +353 1 2893103 We have 450 pension schemes and provide Ornua Co-op Ltd Contacts cover for 3,000 individual trustees and Member Rep: Michael O’Mahony have developed a policy specifically for the Ireland’s largest exporter of Irish dairy Trustee: Michael O’Mahony Ireland. Please see our website for further products, Ornua Co-operative Limited Investment: Michael O’Mahony details. owns the iconic Kerrygold brand which Actuary: Michael O’Mahony is synonymous the world over for quality Finance: Michael O’Mahony We provide a free advisory service for butter, cheese and milk powders, selling Pension Manager: Michael O’Mahony Members and operate on a mutual basis hundreds millions of packets of butter CEO/Managing Director: Michael with an Advisory Council and claims each year. Currently supplying dairy O’Mahony management. We cover: DB, DC, hybrid branded products and ingredients into Director: Michael O’Mahony and master trust arrangements. over 110 markets around the world, Ornua’s mission is to open and develop Categories valuable global markets for dairy products DB/DC: Defined Contribution Address 90 Fenchurch Street and in doing so, deliver strong returns to Contributory/Non-Contributory: Both the farmers it represents. Fund Range: 0-25M London EC3M 4ST Have Member Trustees: No United Kingdom Corporate/Individual Tr/Both: Tel: +44 207 2042432 Address Individual Trustee www.opdu.com Grattan House Mount Street Lower Contacts Dublin 2 Member Rep: Martin Kellaway Ireland CEO/Managing Director: Martin OPDU Ltd Tel: +353 1 6619599 Kellaway www.ornua.com OPDU protects pension trustees, sponsors and pension employees (including Categories directors) from losses suffered from errors Oracle Emea Ltd Integrated with State Scheme: Yes or wrongful acts. Irish Pension Scheme: Yes Address We provide cover for ongoing Self Administered Scheme: No East Point Business Park schemes (Pension Trustee Liability) DB/DC: Defined Benefit Fairview and for schemes that are wound up Contributory/Non-Contributory: Dublin 3 (Discontinuance). Contributory Ireland Fund Range: 26-100M Tel: +353 1 8039997 Have Member Trustees: Yes www.oracle.com Corporate/Individual Tr/Both: Both
128 IAPF YEARBOOK 2018 P
Paul O’Faherty Consultant Tel: +353 1 4546730 Cassidy, Sandra Manning-Organ, Adrian www.paulryan.ie O’Flynn HR: Brian Cassidy, Sandra Manning- Contacts Address Organ Member Rep: Alan Ryan 21 Hainault Park Finance: Catherine Brennan Foxrock Dublin 18 Providers Ireland Auditor: KPMG Tel: +353 87 2447685 Penfida Limited Solicitors: Matheson Investment Manager: Legal & Generral Contacts Independent provider of corporate finance Asset Management, Mercer Investment Member Rep: Paul O’Faherty advice to pension funds. Management Numbers Address Total Number of Employees: 813 1 Carey Lane Paul Ryan Independent Pensions Deferred Pensioners: 363 London EC2V 8AE & Financial Consultant Ltd Pensioners: 83 United Kingdom Active Members: 714 Tel: +44 207 3374100 Paul Ryan Independent Pensions and Total Scheme Members: 1160 www.penfida.co.uk Financial Services Limited was established Categories in 1997. We provide Financial Services, Contacts Integrated with State Scheme: Yes Retirement Planning and Pensioneer Member Rep: Trevor Civval Irish Pension Scheme: Yes Trusteeship services. Our comprehensive Numbers Self Administered Scheme: No range of financial services are tailored Total Number of Employees: 15 DB/DC: Multi towards each individual client. For Contributory/Non-Contributory: information please call 01-4546730 or Categories Contributory email us on [email protected]. With DB/DC: Defined Benefit Size of Fund: €118,000,000 over 100 years combined experience we Segregated/Unitised and Insured: believe we have the expertise to allow you Unitised the opportunity to identify investment Have Member Trustees: Yes choices best suited to “your” situation. By PepsiCo Ireland Corporate/Individual Tr/Both: using our knowledge we aim to design Individual Trustee an appropriate investment portfolio for Soft Drink Concentrate Manufacturing, you. Every person has a different goal or established 1974. objective and by devising an investment strategy that suits you, hopefully we can Address allow you to achieve your ultimate goals Little Island Business Park and objectives. Little Island Cork Address Co Cork 19 Greenmount House Ireland Greenmount Office Park Tel: +353 21 4523100 Harolds Cross Road Contacts Dublin 6W Member Rep: Sandra Manning-Organ Ireland Trustee: Catherine Brennan, Brian
IAPF YEARBOOK 2018 129 P permanent tsb Corporate/Individual Tr/Both: Pfizer Manufacturing Ireland Corporate Body permanent tsb plc, a Credit Institution Address licensed and regulated by the Central Operations Support Group Bank of Ireland, is a leading provider of P.O. Box 17 financial services in the Irish market. It Petroceltic Investments Limited Ringaskiddy targets mainstream Irish personal and Co Cork non-personal customers and offers a Address Ireland comprehensive range of retail banking 16 Fitzwilliam Place Tel: +353 21 4378701 products including Deposit Accounts, Dublin 2 Current Accounts, Mortgages and Ireland Contacts Consumer Finance (Personal Loans, Tel: +353 1 4218300 Member Rep: Teresa Coveney Credit Cards and Overdrafts) through www.petroceltic.com HR: Teresa Coveney multiple channels (National Branch Contacts Providers Network, Telephone, Online, Mobile). Member Rep: Ann O’Brien Auditor: KPMG Solicitors: McCann FitzGerald Numbers Address Investment Manager: Bridgewater Total Number of Employees: 160 56-59 St. Stephens Green Associates, Aberdeen Standard Active Members: 12 Dublin 2 Investments Ltd, Acadian, Lazard, Total Scheme Members: 12 Ireland Irish Life, G.S.A.M., State Street Global Tel: +353 1 6695394 Categories Advisors Ireland, Insight Investment www.permanenttsb.ie Irish Pension Scheme: Yes Numbers Self Administered Scheme: Yes Contacts Total Number of Employees: 1114 DB/DC: Defined Contribution Member Rep: Karen Hackett Deferred Pensioners: 2060 Contributory/Non-Contributory: HR: Caroline Clarke, Karen Hackett, Ger Pensioners: 567 Contributory Mitchell Active Members: 1114 Fund Range: 101-250M Total Scheme Members: 3741 Numbers Have Member Trustees: Yes Total Number of Employees: 2209 Corporate/Individual Tr/Both: Both Categories Deferred Pensioners: 714 Integrated with State Scheme: No Active Members: 2209 Irish Pension Scheme: Yes Total Scheme Members: 2923 Self Administered Scheme: No Categories DB/DC: Multi Integrated with State Scheme: No Contributory/Non-Contributory: Both Irish Pension Scheme: Yes Fund Range: > 500M Self Administered Scheme: No Segregated/Unitised and Insured: DB/DC: Defined Contribution Unitised Contributory/Non-Contributory: Have Member Trustees: Yes Contributory Corporate/Individual Tr/Both: Fund Range: 101-250M Individual Trustee Segregated/Unitised and Insured: Unitised Have Member Trustees: No
130 IAPF YEARBOOK 2018 P
PIMCO Europe Limited Address Numbers 11 Baker Street Total Number of Employees: 620 London W1U 3AH Deferred Pensioners: 29 United Kingdom Pensioners: 23 Tel: +44 203 6401402 Active Members: 430 www.pimco.com Total Scheme Members: 482 PIMCO is a global investment solutions Contacts Categories provider: Founded in 1971, PIMCO is Member Rep: Susan Chacko Integrated with State Scheme: Yes recognised as one of the world’s leading Irish Pension Scheme: Yes investment management companies and Self Administered Scheme: No is among the industry’s pre-eminent DB/DC: Multi thought leaders focused on a single PM Group Contributory/Non-Contributory: mission: to manage risks and deliver Contributory returns for our clients. Supported by more Size of Fund: €45,421,088 than 2,430 staff worldwide, including Fund Range: 26-100M 731 investment professionals, our broad Segregated/Unitised and Insured: range of clients, including public and Segregated private pension and retirement plans, have Have Member Trustees: Yes entrusted us to manage over €1.44 trillion Corporate/Individual Tr/Both: of assets globally (as of 30 June 2014). We Individual Trustee have 13 offices throughout Asia, Europe, North America and South America, Address including five in Europe where we have Killakee House been investing and servicing assets on Belgard Square Port of Cork Company behalf of clients since 1997. Tallaght Dublin 24 PIMCO focuses intensely on providing Ireland superior service: PIMCO offers a full Tel: +353 1 4040700 spectrum of core and alternative strategies www.pmgroup-global.com across a variety of asset classes in domestic, regional and global mandates. Contacts PIMCO has worked closely with clients to Member Rep: John Sheehan understand their particular investment Trustee: James Hall, Joe Leonard, Pat objectives and regulatory requirements McGrath, John Sheehan to develop innovative investment Finance: Larry Westman The Port of Cork Company is a commercial semi-state which operates, solutions to meet these needs. Today, Providers administers and promotes the Port of PIMCO’s expertise encompasses our Investment Manager: F & C Ireland, Cork which provides safe, efficient and recognized fixed income capabilities, Aberdeen Standard Investments, cost effective port facilities, services, equities, commodities and liability- Schroder Investment Management, accommodation and lands to meet the driven investment, tail-risk hedging, asset Irish Life Investment Managers needs of its customers. allocation, absolute return and inflation Solicitors: William Fry protection solutions. Investment Consultant: Aon Hewitt Actuary: Willis Towers Watson Auditor: KPMG Administrator: Willis Towers Watson
IAPF YEARBOOK 2018 131 P
Address Have Member Trustees: Yes Contributory Custom House Corporate/Individual Tr/Both: Segregated/Unitised and Insured: Custom House Street Individual Trustee Segregated Cork T12 CY88 Have Member Trustees: Yes Ireland Corporate/Individual Tr/Both: Tel: +353 21 4273125 Corporate Body www.portofcork.ie Primark Limited Contacts Member Rep: Donal Crowley Principal Global Investors Trustee: Tomás Ahern, Noel Cregan, (Europe) Ltd Donal Crowley, Brendan Keating, John Mullins, John Neville, Paul O’Herlihy HR: Tomás Ahern, Donal Crowley Address Finance: Donal Crowley Arthur Ryan House Managing Director: Brendan Keating 22 - 24 Parnell Street Director: Noel Cregan, John Mullins Dublin 1 Ireland Providers Tel: +353 1 8727788 Actuary: Mercer Ltd Principal Global Investors is a global, Auditor: Deloitte Contacts multi-boutique investment management Solicitors: Coakley Moloney Trustee: Breege O’Donoghue business, providing a single point of Investment Manager: State Street Pension Manager: Colin Hately access to 15 world-class investment boutiques with assets under management Global Advisors Ireland, ILIM, Insight Providers totalling $431.9 billion (as of 30 June Investment, Zurich, Aberdeen Standard Investment Manager: ILIM, Blackrock, 2017). Our London office offers Irish Investments, Bluebay Investment M&G pension schemes access to a broad suite Management Solicitors: Eversheds Sutherland of investment capabilities via segregated Investment Consultant: Willis Towers Numbers accounts or our Dublin-domiciled pooled Watson Total Number of Employees: 69 funds. Deferred Pensioners: 11 Actuary: Willis Towers Watson Pensioners: 131 Auditor: KPMG Because we have access to the independent Active Members: 69 Administrator: ABF Pensions Department knowledge of our boutiques, we’re able Total Scheme Members: 211 Number to create consistent, competitive, and tailored investment options that support Categories Total Number of Employees: 5943 investors’ need for income and yield. We Integrated with State Scheme: Yes Deferred Pensioners: 656 do this by offering quality-focused alpha Irish Pension Scheme: Yes Pensioners: 169 and beta strategies in both developed and Self Administered Scheme: No Active Members: 1721 emerging markets. DB/DC: Multi Total Scheme Members: 2546 Contributory/Non-Contributory: Categories We entered the Irish market in 2007 and Contributory Integrated with State Scheme: Yes have since been appointed to manage Size of Fund: €47,000,000 Irish Pension Scheme: Yes $316 million in tailored asset allocation Fund Range: 26-100M Self Administered Scheme: Yes solutions and across a range of active Segregated/Unitised and Insured: DB/DC: Multi equity, emerging market debt and high Segregated, Unitised, Insured Contributory/Non-Contributory: yield strategies.
132 IAPF YEARBOOK 2018 P—R
Address Address Rabobank Dublin 1 Wood Street One Spencer Dock London EC2V 7JB North Wall Quay United Kingdom Dublin 1 Address Tel: +44 207 7100220 Ireland George’s Dock House www.principalglobal.com Tel: +353 1 7926000 2 George’s Dock www.pwc.com/ie IFSC Contacts Dublin 1 Member Rep: Stephen Holt Contacts Tel: +353 1 4184000 Member Rep: Alan Bigley Pension Manager: Gillian Ward Numbers Deferred Pensioners: 275 PwC Providers Active Members: 266 Investment Manager: Northern Trust Total Scheme Members: 541 Solicitors: A&L Goodbody, McCann FitzGerald, William Fry Categories Accountant: Michael Sargent & Company Irish Pension Scheme: Yes Actuary: PwC, Willis Towers Watson, Self Administered Scheme: No Aon Hewitt (Ireland) DB/DC: Defined Contribution Auditor: Michael Sargent & Company Contributory/Non-Contributory: Administrator: PwC, Irish Life Contributory Numbers Total Number of Employees: 2450 PwC (www.pwc.ie) is Ireland’s largest Rabobank Ireland plc professional services firm providing Deferred Pensioners: 1000 market leading assurance, tax and Pensioners: 183 advisory services. PwC has some 2,450 Active Members: 931 Address people working in Dublin, Belfast, Cork, Categories George’s Dock House Galway, Kilkenny, Limerick, Waterford Integrated with State Scheme: Yes 2 George’s Dock and Wexford servicing Irish private Irish Pension Scheme: Yes IFSC business and multinational companies. Self Administered Scheme: Yes Dublin 1 PwC has a dedicated multidiscliplinary DB/DC: Multi Tel: +353 1 4184000 Pension team which comprises of highly Contributory/Non-Contributory: www.rabobank.com qualified and experienced professionals Contributory Numbers including actuaries, pension consultants, Fund Range: 26-100M Deferred Pensioners: 209 tax specialists, administration specialists, Segregated/Unitised and Insured: Active Members: 110 qualified financial advisors and wealth Unitised Total Scheme Members: 319 management consultants. Have Member Trustees: Yes Corporate/Individual Tr/Both: Categories Individual Trustee Irish Pension Scheme: Yes Self Administered Scheme: No DB/DC: Defined Contribution Contributory/Non-Contributory: Contributory
IAPF YEARBOOK 2018 133 R
RB plc Redbrucke Limited Contacts Member Rep: Eric Plunkett Managing Director: Eric Plunkett Address Dansom Lane Numbers Hull HU8 7DS Total Number of Employees: 2 United Kingdom Active Members: 2 Tel: +44 1482 582314 Total Scheme Members: 2 www.rb.com Categories Contacts REDBRUCKE Limited is a specialist Integrated with State Scheme: No Member Rep: Christopher Little pensions software consultancy founded Irish Pension Scheme: Yes Trustee: Brian Bentley, Paul Daly, Jim in 2002. Self Administered Scheme: No Harris, Christopher Little DB/DC: Defined Contribution Pension Manager: Christopher Little Redbrucke’s flagship product BENEDICT Contributory/Non-Contributory: is currently being used by three leading Contributory Providers Irish pension firms to administer over Have Member Trustees: No Investment Manager: KBI Global 170 defined benefit schemes, including Corporate/Individual Tr/Both: Investors Ltd, Legal & General some with very complex benefit structures Corporate Body Solicitors: McCann FitzGerald with demanding data and calculation Accountant: David Ebbs & Co requirements. Actuary: Willis Towers Watson
Auditor: Grant Thornton BENEDICT is specifically designed to Roadbridge Limited Administrator: Willis Towers Watson deal with commonly arising areas of Numbers complexity such as part-time service, Address Total Number of Employees: 40 career breaks, split accrual benefit Crossagala Deferred Pensioners: 30 structures, unusual shift hours and Ballysimon Road Active Members: 40 non-standard definitions of pensionable Limerick V94 X2E1 Total Scheme Members: 70 earnings. Ireland Tel: +353 61 414874 Categories BENEDICT’s modular design - www.roadbridge.ie Integrated with State Scheme: Yes customised for each client to be scheme Irish Pension Scheme: Yes Contacts and task specific - gives it the flexibility Self Administered Scheme: Yes Member Rep: Linda Mulcahy to cope easily with the changing DB/DC: Defined Contribution Trustee: Conor Gilligan, Morgan Sheehy requirements and complexities that are an Contributory/Non-Contributory: HR: Linda Mulcahy inevitable part of administering defined Contributory CEO/Managing Director: Conor Gilligan benefit schemes. Size of Fund: €67,500,000 Director: Morgan Sheehy Fund Range: 26-100M Numbers Segregated/Unitised and Insured: Address Total Number of Employees: 610 Segregated Shandon Lodge Active Members: 131 Have Member Trustees: Yes Crover Total Scheme Members: 131 Corporate/Individual Tr/Both: Mount Nugent Corporate Body Cavan Ireland Tel: +353 49 8540905 www.redbrucke.com
134 IAPF YEARBOOK 2018 R
Categories Numbers Address Irish Pension Scheme: Yes Total Number of Employees: 480 Level 25 DB/DC: Defined Contribution Deferred Pensioners: 543 The Leadenhall Building Contributory/Non-Contributory: Pensioners: 1019 122 Leadenhall Street Contributory Active Members: 480 London EC3V 4AB Total Scheme Members: 2042 United Kingdom Tel: +44 207 7705426 Categories www.rothesaylife.co.uk Roadstone Pension Trust Ltd Integrated with State Scheme: Yes Irish Pension Scheme: Yes Contacts The Roadstone Group Pension Scheme is Self Administered Scheme: Yes Member Rep: Sammy Cooper-Smith one of a number of schemes operated for DB/DC: Defined Benefit Business Dev: Guy Freeman Contributory/Non-Contributory: employees of CRH plc in Ireland - The Numbers Contributory Building Materials Supplier Group. Total Number of Employees: 48 Size of Fund: €478,000,000 It’s members are mainly employees of Fund Range: 251-500M Roadstone Ltd, CRH Group Services, Segregated/Unitised and Insured: CRH Finance and ISAC-CRH Ltd. It Segregated Rottapharm Ltd. commenced in 1967, Roadstone Pension Have Member Trustees: Yes Trust Ltd, the corporate trustee of the Corporate/Individual Tr/Both: Address scheme, has a number of Directors elected Corporate Body Damastown Industrial Estate by the members. Damastown Rd Dublin 15 Address Rothesay Life Plc. Ireland Fortunestown Tel: +353 1 8852705 Tallaght www.rottapharm.ie Dublin 24 Contacts Ireland Member Rep: Aisling Fowley Tel: +353 1 4041200 HR: Aisling Fowley Contacts Member Rep: Frank McKeever Rothesay Life was established in 2007 Pension Manager: Frank McKeever and has grown to be a leading life insurer specialising in bulk annuities and Royal College of Surgeons in Providers other de-risking solutions for defined Ireland Investment Manager: Capital benefit pension schemes and insurance International Ltd, MFS International, companies. State Street Global Advisors Ireland, Irish Address Life, Blackrock, GAM, JPMorgan We provide unique solutions for clients 121 St. Stephen’s Green Property Adviser: HOK seeking to mitigate financial and longevity Dublin 2 Solicitors: Arthur Cox risk, aiming to create structures that are Ireland Actuary: Mercer HR Consulting Ltd tailor-made to suit the needs of scheme Tel: +353 1 4022340 Auditor: EY members, trustees and corporates www.rcsi.ie
IAPF YEARBOOK 2018 135 R
Contacts Active Members: 22 RTÉ Member Rep: Barry Holmes Total Scheme Members: 54 Trustee: David Croke Categories Numbers Integrated with State Scheme: Yes Total Number of Employees: 939 Irish Pension Scheme: Yes Active Members: 320 Self Administered Scheme: No Total Scheme Members: 320 DB/DC: Defined Benefit Contributory/Non-Contributory: Contributory Address Fund Range: 0-25M Donnybrook Royal Irish Academy of Music Have Member Trustees: Yes Dublin 4 Corporate/Individual Tr/Both: Ireland Founded in 1848, the Royal Irish Corporate Body Academy of Music is a home of musical Tel: +353 1 2082547 excellence and dynamism, a place of www.rte.ie teaching and learning which consistently Contacts achieves its objective of transmitting RSM Ireland Member Rep: Emer Chapman and maintaining the highest standards of performance and appreciation in all Categories Address musical disciplines, providing music Integrated with State Scheme: No Trinity House education from beginner to postgraduate Irish Pension Scheme: Yes Charleston Road level. The Academy operates under the DB/DC: Multi Ranelagh Education Endowment (Ireland) Act of Contributory/Non-Contributory: Dublin D06 C8X4 1885 and has charitable status. Contributory Ireland Segregated/Unitised and Insured: Tel: +353 1 4965388 Segregated, Unitised Address www.rsm.global/ireland/ Have Member Trustees: Yes 36-38 Westland Row Corporate/Individual Tr/Both: Dublin 2 Contacts Individual Trustee Ireland Member Rep: Pat Keegan Tel: +353 1 6325300 Finance: Frisha Ishak, Pat Keegan www.riam.ie Numbers Contacts Total Number of Employees: 200 Member Rep: Kevin Kelleher Trustee: Kevin Kelleher Providers Accountant: Mercer HR Consulting Ltd Auditor: Deloitte Investment Manager: ILIM Numbers Total Number of Employees: 110 Deferred Pensioners: 16 Pensioners: 16
136 IAPF YEARBOOK 2018 R
Rubicon Investment Consulting Rubrics Asset Management Russell Investments Limited Rubicon Investment Consulting is an independent, Irish-owned firm Rubrics Asset Management is an offering a wide range of training, independent, boutique investment governance and investment consulting manager, specialising in providing services to pension scheme trustees. innovative fixed income strategies for We also work with employers, pension its clients. Our client base includes asset Russell Investments is a global financial scheme administrators and employee- managers, fund-of-funds, high net worth services firm providing multi-manager representative groups. We work with our individuals, charities, endowments and and multi-asset portfolios to investors in clients in a variety of areas, including: pensions. more than 40 countries.
• Investment Strategy We offer a range of diversified, actively Through a unique combination of wide- • Investment Manager Selection managed portfolios that aim to capture ranging and interlinked business, such • Performance Monitoring a variety of risk profiles and return as multi-manager funds, investment • Governance and Compliance generators. As our portfolios are not consultancy, implementation services and • Trustee Training constrained by benchmarks, our capital markets research, Russell delivers • Member Education investment team are able to focus on areas financial products, services and advice. • Member Communication of the market that offer the most attractive We have over €240 billion in assets under risk-adjusted returns. management globally (30/06/2017) and Address approximately €2 trillion in assets under 107 Castle Riada Avenue We utilise a number of strategies based advice (at 31/12/2016). Lucan around a focused, multi-factor, risk
Co Dublin budgeting process, targeting performance We combine each of these service lines in Ireland and risk management across multiple the provision of fiduciary management Tel: +353 1 6249706 market conditions. Our expertise and services and multi-asset portfolios to Irish www.rubiconic.ie experience allows us to offer clients a pension funds. blend of products that operate with a set Contacts of diverse risk and return characteristics. Member Rep: Fiona Daly Address Managing Director: Fiona Daly Rex House Address 10 Lower Regent Street 23rd Floor London SW1Y 4PE 20 Fenchurch Street United Kingdom London EC3M 3BY Tel: +44 20 70246378 United Kingdom www.russellinvestments.com/ie Tel: +44 207 1869930 www.rubricsam.com Contacts Member Rep: Colin Doyle Contacts Member Rep: James Galvin Categories Investment: Steven O’Hanlon, Caitriona Have Member Trustees: No O’Malley, Marcos Volich Corporate/Individual Tr/Both: Both
IAPF YEARBOOK 2018 137 S
Schroders Address Setanta Asset Management 31 Gresham Street Limited London EC2V 7QA United Kingdom Tel: +44 207 6587813 Address www.schroders.com Beresford Court Lower Abbey Street Contacts With over 60 years of experience in Dublin 1 Member Rep: James Montefiore Tel: +353 1 70420285 managing pension assets and liabilities, Investment: James Montefiore we understand the investment needs of www.setanta-asset.com Irish schemes and trustees. Through Contacts a combination of specialist investment Member Rep: Brendan Moran expertise, coupled with dedicated SEI Master Trust Portfolio and Investment Solutions capability, our priority is to always focus SEI is a publicly-traded diversified on assisting and partnering with our financial services firm and a leading Sicon Limited clients in achieving their end goal. global provider of investment management and investment technology Sicon Limited - The SISK Group Holding Our clients draw on a wide range of solutions. The company’s solutions Company - A large diverse Irish, privately Schroders investment capabilities, help non-profits corporations, financial owned holding company with operations including over €70 billion in multi-asset, institutions, financial advisors, and in Ireland, the U.K., Poland and the UAE. total return and diversified growth affluent families create and manage strategies, along with specialist expertise wealth. Address in global equities, fixed income, private Wilton Works markets, derivatives and downside risk The SEI Master Trust is a DC multi- Naas Road management. Our Solutions capability employer pension scheme that has been Clondalkin is dedicated to investment strategy operating since 2007 and is one of the Dublin 22 and working with clients and their few to have obtained the Master Trust Ireland advisors in structuring and designing Assurance. Tel: +353 1 4091600 outcome-orientated portfolios tailored to www.siskgroup.ie individual client needs. Address Contacts With over €135 billion in pension fund 14-18 Finsbury Square Member Rep: Bernard Power assets under management as at 30 June London EC2A 1BR Director: Bernard Power 2017, we offer size, breadth of capability, United Kingdom global reach and over 200 years of Tel: +44 203 8107596 Providers investment experience. www.seic.com Investment Manager: State Street Global Advisors Ireland, ILIM Contacts Solicitors: McCann FitzGerald Member Rep: Kris Shergold Investment Consultant: Mercer HR Director: Ian Love Consulting Ltd Independent Trustee: Independent Trustee Co. Ltd Auditor: PwC Administrator: APT
138 IAPF YEARBOOK 2018 S
Numbers Numbers Categories Deferred Pensioners: 401 Total Number of Employees: 305 Integrated with State Scheme: No Active Members: 366 Deferred Pensioners: 59 Irish Pension Scheme: Yes Pensioners: 288 Self Administered Scheme: No Categories Active Members: 305 DB/DC: Defined Benefit Integrated with State Scheme: No Total Scheme Members: 652 Contributory/Non-Contributory: Irish Pension Scheme: Yes Contributory Self Administered Scheme: Yes Categories Size of Fund: €190 DB/DC: Defined Contribution Integrated with State Scheme: No Fund Range: 101-250M Contributory/Non-Contributory: Irish Pension Scheme: Yes Segregated/Unitised and Insured: Contributory Self Administered Scheme: No Segregated, Unitised Fund Range: 26-100M DB/DC: Defined Benefit Have Member Trustees: Yes Segregated/Unitised and Insured: Contributory/Non-Contributory: Corporate/Individual Tr/Both: Unitised Contributory Corporate Body Have Member Trustees: No Fund Range: 101-250M Corporate/Individual Tr/Both: Have Member Trustees: Yes Corporate Body Corporate/Individual Tr/Both: Both State Street Global Advisors Ireland SIPTU Smurfit Kappa Group
SIPTU – Services, Industrial, Professional, Technical Union – Ireland’s largest Trade Union
Address Address As the investment management business Liberty Hall Beech Hill of State Street Corporation, State Street Dublin 1 Clonskeagh Global Advisors is one of the world’s Ireland Dublin 4 leading providers of investment solutions. Tel: +353 1 8586300 Ireland The business in Ireland has over 50 years’ www.siptu.ie Tel: +353 1 2027000 experience managing investments for pension funds, charities, intermediaries Contacts Contacts and corporates and is one of State Street Member Rep: Eamon Lawless Member Rep: Tom Gallagher Global Advisors 10 investment centres - Trustee: Jack Dempsey, Frank Fehilly, home to the Fundamental Value Equity Dave Morris, Joe O’Flynn, Michael Providers and Real Estate asset management teams, O’Sullivan, Owen Reidy, Rachael Ryan Auditor: Mazars which have long and successful track Finance: Eamon Lawless Solicitors: Eversheds Sutherland Investment Manager: F. Russell records. Providers Accountant: IPT Numbers Our range of investments includes passive Independent Trustee: IPT Total Number of Employees: 725 and active global equities and fixed Investment Manager: ILIM Deferred Pensioners: 839 income strategies, cash management, and Pensioners: 921 alternative investments such as absolute Active Members: 406 return, currency overlay and real estate. Total Scheme Members: 2166
IAPF YEARBOOK 2018 139 S—T
We attribute our success in Ireland Around the world, our medicines help T. Rowe Price International Ltd to strong investment performance, millions of people in their fight against innovative investment solutions, our such diseases as cancer, cardiovascular Founded in 1937, T. Rowe Price is an sophisticated investment technology disease, diabetes, hepatitis B, HIV/AIDS, independent global asset management and an insight and perspective into local rheumatoid arthritis and psychiatric firm that offers investors a combination of business practices which enables us disorders. investment management excellence, world provide optimal investment solutions to class service and trusted guidance. our clients. Address Watery Lane The group benefits from a strong financial Members Address Swords position, with no debt and a significant 78 Sir John Rogerson’s Quay Co Dublin cash position. The firm has offices in Dublin 2 Ireland Europe, North America and Asia. Tel: +353 1 8139000 Ireland The group follows a “client first” principle, www.bmsireland.ie Tel:+353 1 7763000 which requires a disciplined approach www.ssga.com Contacts to growth. Other hallmarks of the Contacts Member Rep: John Keogh firm include a collaborative culture, as CEO/Managing Director: Ann Trustee: Tom Coughlan, Philip Monaghan well as a commitment to fundamental Prendergast Managing Director: Susan Hynes research, which is undertaken by an extensive global network of investment Providers professionals. Independent Trustee: IPT Swords Laboratories Ltd Accountant: Mercer HR Consulting Ltd Today, the group manages assets on Auditor: PwC behalf of many of the world’s leading Bristol-Myers Squibb is a global Administrator: Willis Towers Watson corporations, pension funds, sovereign BioPharma company firmly focused on its Investment Manager: Axa Rosenberg, entities and financial institutions. Mission to discover, develop and deliver Irish Life innovative medicines that help patients Numbers Address prevail over serious diseases. Total Number of Employees: 580 60 Queen Victoria Street Deferred Pensioners: 281 London EC4N 4TZ BMS employs over 27,000 people Pensioners: 120 United Kingdom worldwide, and approximately 550 people Active Members: 540 Tel: +44 207 6518334 in Ireland in its Global Manufacturing Total Scheme Members: 941 www.troweprice.com and Supply (GMS) and Commercial operations. Categories Contacts Irish Pension Scheme: Yes Member Rep: Andrew Skeat BMS’ operations in Ireland include Self Administered Scheme: No two Active Pharmaceutical Ingredient DB/DC: Defined Benefit Manufacturing sites in Swords, Co. Contributory/Non-Contributory: Dublin and Cruiserath, Dublin 15 and the Non Contributory External Manufacturing division is based Fund Range: 0-25M in Cruiserath, Dublin 15 and Shannon, Have Member Trustees: Yes Co. Clare. Corporate/Individual Tr/Both: Individual Trustee BMS is a publicly traded company listed on the New York Stock exchange (BMY).
140 IAPF YEARBOOK 2018 T
Tech Group Europe Numbers Transport Infrastructure Ireland Total Number of Employees: 14500 Deferred Pensioners: 2302 Address Pensioners: 616 Address Damastown Industrial Estate Active Members: 2382 Parkgate Business Centre Mulhuddart Total Scheme Members: 5300 Parkgate Street Dublin 15 Dublin 8 Ireland Categories Ireland Tel: +353 1 8859700 Integrated with State Scheme: Yes Tel: +353 1 6463448 www.techgroup.com Irish Pension Scheme: Yes www.tii.ie Self Administered Scheme: Yes Contacts DB/DC: Defined Benefit Contacts Member Rep: Mike Ryan Contributory/Non-Contributory: Member Rep: Yvonne Angley Trustee: Catherine Sturgeon Numbers Contributory Deferred Pensioners: 93 Size of Fund: €195,700,000 Numbers Active Members: 283 Fund Range: 101-250M Total Number of Employees: 196 Total Scheme Members: 376 Segregated/Unitised and Insured: Deferred Pensioners: 111 Segregated Active Members: 180 Categories Have Member Trustees: Yes Total Scheme Members: 291 DB/DC: Defined Benefit Corporate/Individual Tr/Both: Contributory/Non-Contributory: Both Corporate Body Categories Fund Range: 0-25M Irish Pension Scheme: Yes Corporate/Individual Tr/Both: Both Self Administered Scheme: Yes DB/DC: Defined Contribution Total Produce Ireland Pension Contributory/Non-Contributory: Scheme Contributory Tesco Ireland Ltd Fund Range: 0-25M Have Member Trustees: Yes Address Address Corporate/Individual Tr/Both: Both The Ramparts Gresham House Dundalk Marine Road Co Louth Dún Laoghaire Ireland Trident Consulting Co Dublin Tel: +353 42 9335451 Ireland www.totalproduce.com Trident Consulting is an independent Tel: +353 1 2808441 pension and actuarial advisory firm Contacts Contacts - advising companies, trustees and Member Rep: Mary Clarke Member Rep: Dan McDonald individuals. Trident delivers a full Numbers range of advisory services including Providers Pensioners: 84 actuarial, benefit strategy, investment Auditor: Deloitte Active Members: 261 strategy, general consulting and member Actuary: Willis Towers Watson communications. Trident can either Investment Manager: State Street Global take the lead in delivering the services Advisors Ireland, Legal & General you require for the successful operation of your pension schemes or can work
IAPF YEARBOOK 2018 141 T
alongside your existing advisors if there advisor. We work as part of a team. We are Address are one or more issues which require happy to be appointed as sole trustee or as Fitzwilliam Hall an independent perspective. Trident a corporate trustee sitting alongside other Fitzwilliam Place also provides a trustee training course trustees. Dublin 2 which has been approved by the Pensions Ireland Authority. Trident does not directly Address Tel: +353 1 8062750 provide administration services but can 300A Cathedral Court www.trusteedecisions.com advise you with regard to the selection of New Street Contacts an administrator. Dublin D08 A7K7 Member Rep: James Kavanagh Ireland Trustee: Jim Foley Address Tel: +353 1 4853889 CEO/Managing Director: James 300A Cathedral Court www.tridenttrustees.ie Kavanagh New Street Contacts Director: Jim Foley, Alan Hardie, Paul Dublin DO8 A7K7 Member Rep: Paul Webb Kenny Ireland Director: Paul Webb, John O’Connell Tel: +353 1 4853885 Numbers www.tridentconsulting.ie and www. Categories Total Number of Employees: 10 pensionsolutions.ie Irish Pension Scheme: Yes Active Members: 1 Self Administered Scheme: No Total Scheme Members: 1 Contacts DB/DC: Multi Member Rep: John O’Connell Categories Integrated with State Scheme: No Categories Irish Pension Scheme: Yes DB/DC: Multi Trustee Decisions Ltd Self Administered Scheme: No DB/DC: Defined Contribution Contributory/Non-Contributory: Trident Pension Trustees Ltd Non Contributory Fund Range: 0-25M Corporate/Individual Tr/Both: Trident Pension Trustees Ltd acts as Corporate Body an independent professional trustee. Outsourcing the role of trustee takes a potentially significant headache away Trustee Decisions is a specialist company from client companies. Our clients providing impartial and independent range in size from small up to a group trusteeship as well as advice to private and scheme with just under 1,000 lives. In all public group pension schemes. Trustee cases, the registered administrators of Decisions supports trustees in carrying the schemes where we act as trustee are out their responsibilities in compliance well-established and reputable providers. with the best standard of pension scheme In all cases, there is a scheme advisor governance and pension laws as well appointed who can provide the relevant as providing trustee board evaluation parties with advice when required. With services. our experience, we actively contribute to the success of the schemes where we act as trustee, working constructively with each registered administrator and scheme
142 IAPF YEARBOOK 2018 T—U
Trustee Principles Limited Categories Ulster Bank Group Pension Irish Pension Scheme: Yes Scheme (ROI)
Address Tyco Ireland Ulster Bank Ireland Ltd c/o Shauna Mackin 3rd Floor, 1 Hardman Boulevard Address Manchester M3 3AQ One Albert Quay United Kingdom Trustee Principles, a subsidiary of Willis Albert Quay Tel: +44 7769 280173 Risk Services, provides independent Cork trustee services for DB and DC pension Ireland Contacts schemes. With an in-depth knowledge of Tel: +353 21 4235211 Member Rep: Sharon Midwinter the complex range of legislative, financial, www.tyco.com Trustee: Colin Clarke, Charles Coase, employee engagement, and administrative Jessica Geraghty, Stephen Masterson, Contacts issues that trustees have to consider, our Barry Murray, Olga Sheehan Member Rep: Nicola Barry trustee representatives bring a high level HR: Elliott Clark, Sharon Midwinter of experience to the role of trustee. Pension Manager: Nicola Barry Trustee: Nicola Barry Providers Actuary: Willis Towers Watson Address Providers Auditor: Deloitte Willis Towers Watson House Custodian: Zurich Solicitors: McCann FitzGerald, A&L Elm Park Investment Consultant: Mercer Goodbody Merrion Road Administrator: Mercer Dublin 4 D04 P231 Investment Manager: Zurich Numbers Ireland Total Number of Employees: 4200 Numbers Tel: +353 1 6326940 Deferred Pensioners: 4700 Total Number of Employees: 200 www.trusteeprinciples.ie Pensioners: 1100 Active Members: 200 Active Members: 2700 Contacts Total Scheme Members: 200 Total Scheme Members: 8500 Member Rep: Bruce Mullen Categories Categories Integrated with State Scheme: No Integrated with State Scheme: No Irish Pension Scheme: Yes Irish Pension Scheme: Yes Self Administered Scheme: No Tullow Oil Limited Self Administered Scheme: No DB/DC: Defined Contribution DB/DC: Multi Contributory/Non-Contributory: Contributory/Non-Contributory: Address Contributory Contributory Number 1 Size of Fund: €6,000,000 Fund Range: > 500M Central Park Fund Range: 0-25M Have Member Trustees: Yes Leopardstown Have Member Trustees: No Corporate/Individual Tr/Both: Dublin 18 Corporate/Individual Tr/Both: Corporate Body Ireland Corporate Body Tel: +353 1 2137300 www.tullowoil.com
IAPF YEARBOOK 2018 143 U—V
Unilever Pension Plan Segregated, Insured VHI Group Services DAC Have Member Trustees: Yes Unilever Ireland Ltd markets and Corporate/Individual Tr/Both: distributes a wide range of consumer Corporate Body goods primarily foods, detergents and personal products. Principal brands include HB Ice Cream, Knorr, Lyons Tea, Hellman’s, Flora, Persil, Dove and Lynx. Verus Advisory Ltd. The group has manufacturing sites at Cork. Vhi Healthcare is Ireland’s leading health insurance and healthcare company, Address providing for the healthcare needs of Unilever UK Pensions more than a million members. Unilever House Springfield Drive Verus is an independent Irish company Vhi Healthcare has been a part of the Leatherhead KT22 7GR providing oversight and consultancy on community for over 50 years, delivering United Kingdom Fiduciary Management when it is used by life-long affordable health insurance cover Tel: +44 1 2914000 Irish pension funds. for generations of Irish people. We are, Contacts by far, the most significant investor in Trustee: Liam Mulcahy This independent view is important for private healthcare provision in Ireland, trustees and sponsors when they delegate committing in excess of €1.3bn annually Providers the roles of investment management and in the provision of care for our members. Accountant: Mercer HR Consulting Ltd investment consulting to the same firm. With Vhi Swiftcare, Vhi HomeCare Auditor: EY and our Vhi Screening Centres we also Verus supervises both DB and DC plans, Actuary: Mercer HR Consulting Ltd directly provide for the healthcare needs comprising assets in excess of €2 billion. Administrator: Mercer HR Consulting of our customers and the community. Ltd Investment Manager: PIMCO, Univest Address Vhi Healthcare has a comprehensive Numbers Suite 403 product range offering the widest choice Deferred Pensioners: 841 22-23 Upper Pembroke Street for our customers, from insurance plans Pensioners: 882 Dublin D02 DH02 with the most comprehensive benefits to Active Members: 56 Ireland plans for those on a budget. In addition Total Scheme Members: 1779 Tel: +353 1 5310084 to domestic health plans, we offer dental www.verusadvisory.com insurance, international health plans and Categories travel insurance. Each year we add to our Integrated with State Scheme: Yes Contacts Member Rep: Ronan Smith range of products and services to deliver Irish Pension Scheme: Yes on the personal healthcare needs of our Self Administered Scheme: No Director: Jim Brophy, Paul McCarville, Joe Mottley, Ronan Smith members and their families as well as the DB/DC: Hybrid attendance and productivity requirements Contributory/Non-Contributory: of our corporate customers. Contributory Size of Fund: €356,551,737 “Vhi Healthcare. When you need us, we’re Fund Range: 251-500M there.” Segregated/Unitised and Insured:
144 IAPF YEARBOOK 2018 V
Address Vincent & Beatty Solicitors Viridian Power and Energy VHI House 20 Lower Abbey Street Viridian is the leading independent Address Dublin 1 energy company in the all-Ireland market. 67-68 Fitzwilliam Square Ireland Since 1999, Viridian has invested in Dublin 2 Tel: +353 1 6197448 thermal generation in the RoI through our Ireland www.vhi.ie power stations based in Huntstown North Tel: +353 1 6340000 Co Dublin, and through the provision of Contacts www.vblaw.ie Member Rep: Michael Owens Renewable energy we facilitate the supply Trustee: Patricia Kelly Contacts of circa 25% of Ireland’s total wind energy CEO/Managing Director: John O’Dwyer Member Rep: Peter Maguire generation, a considerable contribution Director: Michael Owens Trustee: Walter Beatty, Jnr, Peter Maguire towards Ireland’s green energy targets. Viridian Group has always been at the HR: Karina Dolan Categories forefront of innovation and was the first Integrated with State Scheme: No Providers independent energy company to enter the Irish Pension Scheme: Yes Auditor: Deloitte deregulated market to offer competitive Self Administered Scheme: No Solicitors: McCann FitzGerald electricity to Irish businesses in 1999. DB/DC: Defined Contribution Investment Consultant: Mercer The Viridian Group comprises of Energia Contributory/Non-Contributory: Investment Consulting Group and Power NI which is based in NI. Actuary: Mercer HR Consulting Ltd Contributory Independent Trustee: IPT Fund Range: 0-25M Corporate/Individual Tr/Both: Both Address Administrator: Vhi Healthcare Mill House Numbers Ashtown Gate Total Number of Employees: 1163 Navan Road Deferred Pensioners: 273 Dublin 15 Pensioners: 111 Ireland Active Members: 788 Tel: +353 1 8692000 Total Scheme Members: 1172 www.viridiangroup.co.uk Categories Contacts Integrated with State Scheme: Yes Member Rep: Grainne O’Brien Irish Pension Scheme: Yes Trustee: Kieran Adams Self Administered Scheme: Yes Categories DB/DC: Defined Benefit Integrated with State Scheme: Yes Contributory/Non-Contributory: Irish Pension Scheme: Yes Contributory Self Administered Scheme: No Size of Fund: €176,600,000 DB/DC: Defined Contribution Fund Range: 101-250M Contributory/Non-Contributory: Have Member Trustees: Yes Contributory Corporate/Individual Tr/Both: Both Have Member Trustees: Yes Corporate/Individual Tr/Both: Both
IAPF YEARBOOK 2018 145 V—W
VMware International Ltd Vodafone Ireland Wellington Management International Ltd VMware is the world leading Address virtualization software company, with Mountainview Wellington Management offers headquarters in Palo Alto, California. Leopardstown comprehensive investment management There is a total workforce of 850 Dublin 18 capabilities that span nearly all segments employees in Ireland covering Global Ireland of the global capital markets. Our Technical Support, Sales, Licensing, Deal www.vodafone.com investment solutions, tailored to the Desk, Order Management, Finance, HR unique return and risk objectives of and IT. VMware has been in Ballincollig Contacts institutional clients in more than 65 since 2005. Member Rep: Simon Hand countries, draw on a robust body of Head of Reward: Simon Hand proprietary research and a collaborative Address Numbers culture that encourages independent Behan House, Barrack Square Total Number of Employees: 1200 thought and healthy debate. As a private Main Street partnership, we believe our ownership Ballincollig Categories structure fosters a long-term view that Cork DB/DC: Defined Contribution aligns our perspectives with those of our Ireland clients. Tel: +353 21 4660234 www.vmware.com Clients are the reason we exist and are at Wellesley Investments & the heart of everything we do. That is why Contacts Pensions Ltd we seek to provide superior investment Member Rep: Andrew Mulcahy results, exceptional service, and multiple Trustee: Kieran Barry Murphy, John Wellesley Investments & Pensions is layers of risk management. Dolan, Ben Perry an independent financial advisory firm HR: Andrew Mulcahy specialising in the areas of investment Address Finance: Kieran Barry Murphy portfolio management, investment risk Cardinal Place Director: Anthony McCoy management, and retirement planning 80 Victoria Street and provisioning. We have particular Numbers London SW1E 5JL expertise in the provision of technical Total Number of Employees: 708 United Kingdom advice and analysis to pension schemes. Active Members: 453 Tel: +44 207 1266086 Total Scheme Members: 453 www.wellington.com Address Categories 4 Michael Street Contacts Integrated with State Scheme: No Limerick Member Rep: Tim Sutton Irish Pension Scheme: Yes Co Limerick Director: Garon Watkins Self Administered Scheme: No Ireland DB/DC: Defined Contribution Tel: +353 61 214214 Contributory/Non-Contributory: www.wellesley.ie Contributory Fund Range: 0-25M Contacts Have Member Trustees: Yes Member Rep: Ashley Mangan Corporate/Individual Tr/Both: Corporate Body
146 IAPF YEARBOOK 2018 W
Wellman International William Fry Contacts Member Rep: Michael Wolfe HR: Niamh Mangan Address Finance: Garry McNamara Mullagh Cavan Providers Co Cavan Actuary: Mercer HR Consulting Ltd Auditor: EY Ireland As one of Ireland’s largest law firms, Solicitors: William Fry Tel: +353 46 9280200 William Fry offers unrivalled legal and Investment Manager: Irish Life www.wellman-intl.com tax expertise across the full breadth of the Investment Managers Contacts business sector. CFO: Eamon Martyn Numbers Trustee: Eamon Martyn The Pensions Group is a full service Total Number of Employees: 450 pensions practice of specialist pensions Categories Numbers lawyers (rated Tier 1 by Legal 500 EMEA, Integrated with State Scheme: Yes Total Number of Employees: 348 2017 and Band 1 by Chambers Europe, Irish Pension Scheme: Yes Active Members: 248 2017) with long experience and a proven Self Administered Scheme: No Total Scheme Members: 248 track record. DB/DC: Multi
Categories Contributory/Non-Contributory: We represent clients in all sectors Irish Pension Scheme: Yes Contributory – sponsoring employers (Irish and Fund Range: 0-25M multinational plcs/private companies), Have Member Trustees: No scheme trustees and members/individuals. Corporate/Individual Tr/Both: We have a strong commitment to service Corporate Body and excellence in everything we do.
The Pensions Group provides both general and project specific pensions advice. We provide a range of publications on pensions, including “Pensions in Ireland” and news updates in our pensions e-zines and client bulletins. We also host pensions briefings, seminars and roundtable discussions for clients and pensions industry groups.
Address 2 Grand Canal Square Dublin 2 Ireland Tel: +353 1 6395000 www.williamfry.com
IAPF YEARBOOK 2018 147 W—X
Willis Towers Watson Numbers Xerox (Ireland) Limited Total Number of Employees: 560
Categories Address Integrated with State Scheme: Yes PO Box No. 7470 Irish Pension Scheme: Yes Ballycoolin Business Park Self Administered Scheme: No Willis Towers Watson (NASDAQ: Blanchardstown DB/DC: Multi WLTW) is a leading global advisory, Dublin 15 broking and solutions company that helps Ireland clients around the world turn risk into Tel: +353 1 6086000 a path for growth. With roots dating to Xafinity Contacts 1828, Willis Towers Watson has 40,000 Member Rep: Paul Hughes employees in more than 140 countries. Trustee: Paul Hughes, Brian Pender Willis Towers Watson currently has over 560 associates in Ireland with offices Providers in Dublin, Belfast, Cork, Galway and Solicitors: A&L Goodbody Limerick. Willis Towers Watson offers Accountant: David Ebbs & Co. professional advice on a wide range of Auditor: KPMG Actuary: Willis Towers Watson business issues. Serving clients ranging Xafinity Consulting is one of the UK’s Investment Manager: State Street Global from small businesses to multinational leading specialists in pensions and Advisors Ireland corporations, our services and solutions employee benefits and provides services cover pension scheme design and throughout the UK and Ireland. Our Categories management, compensation and rewards, expertise addresses the needs of both Integrated with State Scheme: Yes talent strategy, insurance broking and trustees and companies in pensions Irish Pension Scheme: Yes analytics. and actuarial services, flexible benefits, Self Administered Scheme: Yes healthcare and training. We are DB/DC: Multi A strong client focus, an emphasis on committed to working in partnership Contributory/Non-Contributory: teamwork, unwavering integrity, mutual with our clients, providing tailored Contributory respect and a constant striving for solutions to maximise the returns of their Segregated/Unitised and Insured: excellence are the values at the core of benefit strategies. Segregated, Unitised Willis Towers Watson’s rich history. Many Have Member Trustees: Yes of our clients have been with us from our Corporate/Individual Tr/Both: earliest days. Address Montgomery House Individual Trustee 29-31 Montogomery Street Address Belfast Willis Towers Watson House Co Antrim BT1 4NX Elm Park Tel: +44 289 5053153 Merrion Road www.xafinity.com Dublin D04 P231 Ireland Contacts Tel: +353 1 6616211 Member Rep: Nicola Magee www.willistowerswatson.com/en-IE Pension Manager: Nicola Magee Contacts Member Rep: Paul O’Brien
148 IAPF YEARBOOK 2018 Z
Zurich Life Assurance plc Providers Auditor: PwC Zurich Life Assurance plc is one of Solicitors: Arthur Cox Ireland’s most successful life insurance Accountant: In House companies, offering a full range of Actuary: Mercer HR Consulting Ltd Pension, Investment and Protection Administrator: In House products. We have been meeting our Investment Manager: In House CPD FOR 2017 customers’ needs in Ireland for over 30 Numbers Accredited IAPF Events years. Our investment team, based in Total Number of Employees: 1013 We are aware that our members are Blackrock, Co. Dublin, is responsible Deferred Pensioners: 1077 required to log their CPD hours for for funds under management of Pensioners: 261 the year. Continuous Professional approximately €21.5 billion, of which Active Members: 1013 pension assets amount to €9.7 billion (as Total Scheme Members: 2351 Development is an integral part at 30 June 2017). of our member’s careers not only Categories for Pension Professionals but also Zurich is committed to providing Integrated with State Scheme: Yes for Trustees who are required to leading defined contribution pension Irish Pension Scheme: Yes satisfy the Pensions Authority legal Self Administered Scheme: Yes propositions. At the most recent IBA requirements with regards to their DB/DC: Defined Benefit Service Excellence Awards, Zurich Life ongoing training. As part of our picked up 3 awards, including Best Contributory/Non-Contributory: overall services, the IAPF provide Investment Performance award for the 3rd Contributory seminars, training and conferences year in a row. Zurich was voted Pension Fund Range: > 500M Management Firm of the Year at the 2016 Segregated/Unitised and Insured: which are designed to help, inform Business & Finance Business2Business Unitised and educate members and can Awards; and in 2017, Zurich won the Have Member Trustees: Yes form part of appropriate training Longboat Analytics award for ‘Best Corporate/Individual Tr/Both: for CPD. Please navigate to our Innovation by a Life Assurance Company’ Corporate Body website to see the list of 2017 events for its Personalised GuidePath Investment in order to determine the exact Strategy. hours awarded for any events you have attended and the related codes Address from the appropriate external Zurich House awarding bodies. We hope that Frascati Road this is of help to you when you are Blackrock logging your appropriate training. Co Dublin If you have a query relating to CPD Ireland hours please contact the relevant Tel: +353 1 2831301 awarding body. www.zurichlife.ie 2017 Events: Contacts www.iapf.ie/Events/CPD Member Rep: Joe Creegan www.iapf.ie | [email protected] 01 661 2427 | @iapf_info
IAPF YEARBOOK 2018 149 APT INVESTMENT CONSULTING A MEMBERSHIP INDEX
IAPF YEARBOOK 2018 151 IAPF MEMBERSHIP INDEX
Company Name Last Name First Name Phone AA Ireland Ltd Retirement Benefits Scheme Smith Yvonne +353 1 6179411 AbbVie Morrison Pauline +353 21 4881481 Aberdeen Standard Investments Richards Jennifer +353 1 6397722 ACC Loan Management DAC Cassidy Mary +353 1 4184000 Accuro Retirement Funding Sheehan Clodagh +353 21 4350866 Acumen & Trust Martin Ciaran +353 1 2936500 Acuvest Limited Tuohy John +353 1 6344510 Aer Lingus Roarty Dermot +353 1 8862570 AIG Europe Ltd Kelly Owen +353 1 2084926 Airbus Financial Services UC Lydon Trevor +353 1 7905505 Alder Capital DAC Flanagan Brian +353 1 6147232 Allergan Pharmaceuticals Ireland Rose Ed +353 98 55308 Allianz Global Investors Crawford Corinne +44 207 0651474 Allianz Group Pension Scheme Murphy Ursula +353 1 6133000 Allied Irish Banks plc Gore Keith +353 1 6600311 Allied Pension Trustees Griffin Peter +353 1 2063010 ALPS Electric (Ireland) Limited Dineen Noreen +353 29 30275 Amundi Barthelemy Frederic +44 207 0749335 Amundi Asset Management Curran Michael +353 1 4802000 An Post Superannuation Schemes Booth Fergal +353 1 7057258 Analog Devices International O’Donoghue Jim +353 61 229011 Anne Maher Maher Anne +353 1 2691799 Aon Hewitt Ingle Rachael +353 1 4189130 Appian Asset Management Kiernan Eugene +353 1 6623001
152 IAPF YEARBOOK 2018 Company Name Last Name First Name Phone Arachas O’Sullivan Barry +353 1 2135000 Arthur Cox Austin Catherine +353 1 9201000 Aughinish Alumina Ltd Mullane Timothy +353 61 604000 Aviva Investors Green Rachel +44 207 8096809 AXA Investment Managers Barrett Rob +44 207 0031000 Ball Beverage Packaging Ireland Ltd Brennan Tom +353 51 359104 BAM Contractors Ltd Bryan Adrienne +353 45 886400 Bank of America Merrill Lynch International Dublin Dey Naomi +44 1244 574060 Baring Asset Management Godfrey Neil +44 203 2064576 Barrys Tea Dunlea Aidan +353 21 4915000 BASF Ireland Limited Wilkins Alison +44 161 4885470 Bausch + Lomb Ireland Giles Paula +353 51 355001 BCP Asset Management Missen Adrian +353 1 6684688 BearingPoint Ireland O’Reilly Kevin +353 1 4181111 Bespoke Trustees Ltd McDonnell John +353 818 432432 bfinance Doyle Paul +44 20 77478602 BlackRock Investment Management (UK) Ltd Spillane Adele +353 1 2467004 BNY Mellon Investment Management EMEA Limited Meaney Ned +44 207 1632567 BOC Gases Ireland Ltd Carroll Matt +353 1 4091858 Boliden Tara Mines Designated Activity Company Farrell Tadg +353 46 9082000 Bord na Móna plc Caulfield Siobhán +353 45 439000 Boston Scientific Ireland Ltd Burke Angela +353 91 756300 Cadbury Ireland Pension Trust Company Ltd by O’Reilly Fintan +353 1 8668301 Guarantee Calor Teoranta Murphy Cathal +353 1 4505000 Calor Teoranta DC Scheme Claffey Jacqueline +353 1 4505000 Capital International Ltd Friend Emma +44 207 8645000 Carbery Group Leen Colm +353 23 8822200
IAPF YEARBOOK 2018 153 Company Name Last Name First Name Phone CBRE Unlimited Company McNestry Eddie +353 1 6185500 Central Bank of Ireland Behan Renee +353 1 2246857 CHC Ireland Pension Scheme Hannon Liam +353 87 2211865 Citibank Europe plc Williamson Martina +353 1 6224093 City Life Limited O’Mahoney Dermot +353 21 4358533 Clarus Investment Solutions McCarville Paul +353 87 2835005 Coillte CGA Considine Serena +353 1 2011111 Columbia Threadneedle Investments Dadswell Jon +44 207 4645107 Commscope EMEA Limited Hewitt Niamh +353 1 2042000 Construction Executive Retirement Savings McNally Frances +353 1 4071434 Construction Workers’ Pension Scheme Walsh Kevin +353 1 4977663 Cope Foundation O’Callaghan Aine +353 21 4643216 Coras Iompair Éireann Murray Tony +353 1 7032050 Cornmarket Group Financial Services Halpin Mary-Jane +353 1 4084187 Coyne & Culloty Insurance & Financial Services Coyne Lynda +353 64 6631274 daa plc Kelly Richard +353 1 9440982 Danske Bank (Ireland) Pensions DAC Armstrong Brett +44 289 0048514 Davy Asset Management Kelly Tim +353 1 6148874 Davy Real Estate MacKinnon Simon +353 87 7603030 DCC plc Whyte Gerard +353 1 2799400 Dechert LLP Browne Mark +353 1 4368511 Dell Computer Corporation Brady Kate +353 1 2044910 Deloitte Mulvihill Niamh +353 1 4172200 Deutsche Asset Management Tuck Karl +44 207 5476984 Diageo Ireland Elliott Michelle +44 208 9782823 Dimensional Morgan Chris +44 203 0333342 Doyle Pension & Insurance Management Doyle Stephen +353 1 6608141 DTS Dedicated Trustee Services DAC Hickey Michael +353 1 8355578
154 IAPF YEARBOOK 2018 Company Name Last Name First Name Phone Dublin Simon Community Hannigan Martin +353 1 4722113 Duignan Carthy O’Neill McQuaid Liam +353 1 6682404 eircom Main Superannuation Fund Bradley Dave +353 1 7013923 eircom No. 2 Superannuation Fund Bradley Dave +353 1 7013903 EirGrid Fleming Tony +353 1 6771700 Elan Corporation plc Pension Schemes Corcoran Annette +353 1 7094000 Eli Lilly SA Irish Branch Carey Lisa +353 21 4702264 EMC Corporation McSweeney Jennifer +353 21 4238219 Epoch Investment Partners Curry Peter +44 203 8793904 Ervia Murray Gillian +353 21 4239160 Eversheds Sutherland Fahy Peter +353 1 6644200 EY Bown Christopher +353 1 2212498 FBD Insurance Company plc Barnes Sean +353 1 4093203 Ferrier Pearce Alexander Lesley +44 203 7725371 First State Investments Glennon Frank +44 207 3326866 FMC International Hannon Kieran +353 21 4517221 Frank Glennon (Life & Pensions) Ltd Lord Jeffrey +353 1 7075880 Friends First Life Assurance Co Ltd Hoffman Simon +353 1 6613488 Gallagher Communication Eves Ryan +44 173 0891212 GAM (UK) Limited Naughton Emmet +44 207 3938808 Glanbia plc Horan Michael +353 56 7772200 GlaxoSmithKline (Ireland) Ltd Bailey Declan +353 1 4955000 Goldman Sachs Asset Management International Goddard Chloe +44 207 7743542 Goodbody O’Hora Martin +353 1 6419104 Governance Matters Limited Hughes Seamus +353 45 862218 Grafton Group plc Dumycz Helena +44 152 2559004 Grant Thornton Flynn Conail +353 1 6805805 Greencore Group plc O’Leary Conor +353 1 6051000
IAPF YEARBOOK 2018 155 Company Name Last Name First Name Phone HC Financial Advisers Limited Molloy Brian +353 91 788000 Heinz H J Company (Ireland) Ltd Rochford Alan +353 1 2805757 Hewlett Packard Hayes Louise +353 91 754000 Horse Racing Ireland Rudd Claire +353 45 455467 House of Fraser (Ireland) Pension Trust Ltd Willshire Suzanne +44 207 0034470 ICOS/DEA Pension Trustees Ltd Armstrong Gerry +353 1 6764783 IMPACT Staunton Matt +353 1 8171500 Independent Trustee Limited Fox Elma +353 1 6148079 Insight Investment Ashley Mark +44 207 3211547 Intel Ireland Ltd Twomey Denise +353 1 6061462 Invesco Ltd McGarry Des +353 1 2947600 Invesco Perpetual Messenger Stephen +44 207 5433556 Investec Asset Management Doyle Frank +44 207 5972075 Irish Aviation Authority Hogan Maeve +353 1 6718655 Irish Blood Transfusion Service Kelly Paul +353 1 4322800 Irish Cement Ltd Corbett John +353 41 9876000 Irish Co-Operative Societies’ Pension Scheme Armstrong Gerry +353 1 6764783 Irish Distillers Limited Nolan Claire +353 1 2129000 Irish Ferries Ltd Gray John +353 1 6075543 Irish Forestry Unit Trust Lacey Brendan +353 1 8623440 Irish Life Assurance Madden Anne Marie +353 1 7041155 Irish Life Investment Managers Dreelan Eunice +353 1 7041200 Irish Pensions Trust Limited Walsh Michael +353 1 6048160 Irish Shell Trust Dac Donohoe Ruth +353 97 89016 JLT Financial Planning Ltd Lacey Michael +353 1 6362700 John A. Wood Pension Trustees Ltd McKeever Frank +353 1 4041200 John Feely Feely John +353 87 6184690 John Player & Sons Healy Deirdre +353 1 2434800
156 IAPF YEARBOOK 2018 Company Name Last Name First Name Phone Joseph G. Byrne & Sons Consulting Actuaries Ltd Byrne Joe +353 1 2881618 JP Morgan Asset Management Coughlan Kevin +353 1 6123111 KBC Bank Ireland Healy John +353 1 6646718 KBI Global Investors Ltd Griffith John +353 1 4384400 Kellogg Europe Trading Ltd Baugh Maria +44 800 0854905 Kerry Group plc King Amanda +353 45 930659 Kingston Technology International Ltd Palmer Nick +353 1 8128807 Kintetsu World Express (Ireland) Ltd Roche Michael +353 1 8239600 Kostal Ireland GmbH Morris Paul +353 68 51446 KPMG Tierney Alison +353 1 4101000 Lakeland Dairies Co-Op Society O’Halloran Tadhg +353 49 4364200 Lane Clark & Peacock Ireland Ltd Daly Conor +353 1 6620221 Legal & General Investment Management O’Gorman Tom +353 1 9058520 LGT Bank Ltd, Dublin Branch Goodwin Jenna +353 1 4337400 M&G Investments Hadland Grant +44 203 7902623 Mason Hayes & Curran Gillick Stephen +353 1 6145000 Matheson Buggy Brian +353 1 2322000 Mazars Barron Bernard +353 1 4494411 McCann FitzGerald Dolan Maureen +353 1 8290000 McElvaney Consultants McElvaney Joe +353 1 6697654 McKesson Carmody Jackie +353 21 4548272 Mercer Baldwin Audrey +353 1 6039700 Merrion Investment Managers O’Donnchadha Seamus +353 1 6702500 Merrion Stockbrokers Ltd Masterson Jean +353 1 2404259 Mesirow Financial Currency Management McFarlane Ian +33 675 848917 MFS Investment Management Lindsay James +44 207 4297302 Misys Ireland Limited Teggart Anne +44 203 3205563 Morgan Stanley Investment Management Escott Peter +44 207 4253473
IAPF YEARBOOK 2018 157 Company Name Last Name First Name Phone MSD Ireland Ash Robert J +353 1 2998700 Muiriosa Foundation Smyth Paul +353 45 532204 Mundipharma Pharmaceuticals Ltd Morrissey Tomas +353 1 2063800 Musgrave Group plc Cruise O’Shea Kevin +353 21 4522127 National Federation of Voluntary Bodies Providing O’Donnell Brian +353 91 792316 Services to People with Intellectual Disability Natixis Global Asset Management MacLaren Euan +44 203 4052173 Newcourt Pensioneer Trustees Limited Burton Lisa +353 1 8280070 O’Mahony Actuarial & Pension Legal Services Ltd O’Mahony Michael +353 1 2893103 OPDU Ltd Kellaway Martin +44 797 9704105 Oracle Emea Ltd McHale Gerard +353 1 8039997 Paul O’Faherty Consultant O’Faherty Paul +353 87 2447685 Paul Ryan Independent Pensions & Financial Ryan Alan +353 1 4546730 Consultant Ltd Penfida Limited Civval Trevor +44 207 3374100 PepsiCo Ireland Manning-Organ Sandra +353 21 4523107 permanent tsb Hackett Karen +353 1 6695394 Petroceltic Investments Limited O’Brien Ann +353 1 4218300 Pfizer Manufacturing Ireland Coveney Teresa +353 21 5008072 PIMCO Europe Limited Chacko Susan +44 203 6401402 PM Group Sheehan John +353 1 4040700 Port of Cork Company Crowley Donal +353 21 4273125 Principal Global Investors (Europe) Ltd Holt Stephen +44 207 7100255 PwC Bigley Alan +353 1 7926000 RB plc Little Christopher +44 148 2582314 Redbrucke Limited Plunkett Eric +353 49 8540905 Roadbridge Limited Mulcahy Linda +353 61 414874 Roadstone Pension Trust Ltd McKeever Frank +353 1 4041200 Rothesay Life Plc. Cooper-Smith Sammy +44 207 5574700
158 IAPF YEARBOOK 2018 Company Name Last Name First Name Phone Rottapharm Ltd. Fowley Aisling +353 1 8852705 Royal College of Surgeons in Ireland Holmes Barry +353 1 4022340 Royal Irish Academy of Music Kelleher Kevin +353 1 6325302 RSM Ireland Keegan Pat +353 1 4965388 RTÉ Chapman Emer +353 1 2082318 Rubicon Investment Consulting Daly Fiona +353 1 6249706 Rubrics Asset Management Limited Galvin James +44 207 1869930 Russell Investments Doyle Colin +44 207 0246378 Schroders Montefiore James +44 207 6582676 SEI Master Trust Shergold Kris +44 203 8107604 Setanta Asset Management Limited Moran Brendan +353 1 6124900 Sicon Limited Power Bernard +353 1 4091600 SIPTU Lawless Eamon +353 1 8586300 Smurfit Kappa Group Gallagher Tom +353 1 2027000 State Street Global Advisors Ireland Prendergast Ann +353 1 7763043 Swords Laboratories Ltd Keogh John +353 1 8139000 T. Rowe Price International Ltd Skeat Andrew +44 207 6518334 Tech Group Europe Ryan Mike +353 1 8859700 Tesco Ireland Ltd McDonald Dan +353 1 2808441 Total Produce Ireland Pension Scheme Clarke Mary +353 42 9335451 Transport Infrastructure Ireland Angley Yvonne +353 1 6463448 Trident Consulting O’Connell John +353 1 4850397 Trident Pension Trustees Ltd Webb Paul +353 1 4853889 Trustee Decisions Ltd Kavanagh James +353 1 8062750 Trustee Principles Limited Mullen Bruce +353 1 6326940 Tyco Ireland Barry Nicola +353 21 4235211 Ulster Bank Group Pension Scheme (ROI) Midwinter Sharon +44 131 626 6850 Verus Advisory Ltd. Smith Ronan +353 1 5310084
IAPF YEARBOOK 2018 159 Company Name Last Name First Name Phone VHI Group Services DAC Owens Michael +353 1 6197448 Vincent & Beatty Solicitors Maguire Peter +353 1 6340000 Viridian Power and Energy O’Brien Grainne +353 1 8692003 VMware International Ltd Mulcahy Andrew +353 21 4660000 Vodafone Ireland Hand Simon +353 87 4142283 Wellesley Investments & Pensions Ltd Mangan Ashley +353 61 214291 Wellington Management International Ltd Sutton Tim +44 207 1266086 William Fry Wolfe Michael +353 1 6395000 Willis Towers Watson O’Brien Paul +353 1 6616448 Xafinity Magee Nicola +44 289 0446330 Xerox (Ireland) Limited Hughes Paul +353 1 6086000 Zurich Life Assurance plc Creegan Joe +353 1 2831301
160 IAPF YEARBOOK 2018 ADVERTISERS INDEX
Company Page Company Page A&L Goodbody 27 Irish Institute Of Pensions Management 29 Allied Pension Trustees 150 Legal & General Investment Managers 117 Amundi Asset Management Inside Front Cover LIA 23 Aon Hewitt Inside Back Cover Mason Hayes & Curran 21 Arthur Cox 13 Matheson 19 Eversheds Sutherland 9 Mercer 17 Invesco 54 Rubrics 25 Irish Forestry Unit Trust 42 State Street Global Advisors Ireland Outside Back Cover Irish Life Corporate Business 3 Trustee Decisions 10 Irish Life Investment Managers 7 Trustee Principles 25 Irish Pensions Trust 31 William Fry 87 Irish Venture Capital Association 31 Willis Towers Watson 63
IAPF YEARBOOK 2018 161 NOTES Markets ebb and flow, A STABLE FRAMEWORK is crucial
Pension schemes are open to market forces and can change, sometimes dramatically, en route to their final destination.
That’s why having a stable framework in place is so important.
To find out how we can add value for employers, trustees and members, please contact your local Aon Hewitt office: Dublin: +353 1 418 9130 | Cork: +353 21 435 7880
Aon Hewitt is part of Aon plc. Aon Hewitt (Ireland) Limited trading as Aon Hewitt is regulated by the Central Bank of Ireland. IMPROVING RETIREMENT READINESS FOR DC MEMBERS In an investment landscape this complex, how do you help people in your DC plan achieve their hopes for retirement?
When you partner with State Street Global Advisors, you benefit from more than just the investment expertise we provide. We offer comprehensive support including thoughtful investment design and insightful DC research that aims to help your pension scheme achieve more.
It means your members can look forward to a more confident path to retirement.
Visit ssga.com/irelanddc to find out more.
State Street Global Advisors Ireland Limited is regulated by the Central Bank of Ireland. Registered in Ireland at 78 Sir John Rogerson’s Quay, Dublin 2. Registered number 145221. T: +353 (0)1 776 3000. Web:ssga.com. Investing involves risk including the risk of loss of principal. State Street Global Advisors is the investment management business of State Street Corporation (NYSE: STT), one of the world’s leading providers of financial services to institutional investors. © 2017 State Street Corporation – All rights reserved. ID10633 IREMKT-2085. Exp. 30/09/18.
ID10633-IREMKT-2085_IAPF Yearbook Advertisement_v2_SV.indd 1 30/10/2017 09:43