IAPF Yearbook 2019 © 2018 State Street Corporation — All Rights Reserved

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 Yearbook 2019IAPF 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.

Marketing Communication. State Street Global Advisors Ireland Limited is regulated by the Central Bank of Ireland. Registered office address 78 Sir John Rogerson’s Quay, Dublin 2. Registered number 145221. T: +353 (0)1 776 3000. F: +353 (0)1 776 3300. Web: ssga.com. Investing involves risk including the risk of loss of principal. The information provided does not constitute investment advice as such term is defined under the Markets in Financial Instruments Directive (2014/65/EU) and it should not be relied on as such. 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. IAPF Yearbook 2019 © 2018 State Street Corporation — All rights reserved. ID14449 2241443.1.1.EMEA.INST Exp. 31/10/2019. IAPF YEARBOOK 2019 i

14449_INST_IAPF Yearbook Ad 2019_v3_sb.indd 1 10/16/2018 8:13:04 PM APT MASTER TRUST LET US DO THE HEAVY LIFTING

Bringing together the best of our DC, investment and member engagement expertise to drive better member outcomes. The APT Master Trust provides a APT Wealth Management Limited way for multiple employers to operate To find out more about The Aon Ireland MasterTrust, their deﬁned contribution pension plans under the please contact your local Aon office: umbrella of a single master trust, where we carry the Cork +353 21 435 7880 | Dublin +353 1 418 9130 burden of trusteeship and compliance.

APT Workplace Pensions Limited Aon Hewitt (Ireland) Limited trading as Aon is Apex Business Centre, regulated by the Central Bank of Ireland. Blackthorn Road, Sandyford, Dublin 18.

[email protected] www.aptworkplacepensions.com

APT Workplace Pensions Limited is registered by the Pensions Authority as a Registered Administrator.

Mastertrust_Ad_Sep_2018.indd 1 21/09/2018 21:32 APT MASTER TRUST LET US DO THE HEAVY LIFTING

Irish Association of Pension Funds APT Workplace Pensions Limited Suite 2,Aon Slane Hewitt House, (Ireland) 25 Limited Lower trading Mount as Aon isStreet, Apex Business Centre, regulatedDublin by the D02 Central V029, Bank Irelandof Ireland. Blackthorn Road, Sandyford, Dublin 18. +353 1 6612427 [email protected] www.iapf.ie @IAPF_info [email protected] www.aptworkplacepensions.com

APT Workplace Pensions Limited is registered by the Pensions Authority as a Registered Administrator.

Mastertrust_Ad_Sep_2018.indd 1 21/09/2018 21:32 46372 Willis Towers Watson IAPF Yearbook Full Page Ad.pdf 1 01/10/2018 10:20

CONTENTS See risk as a path to growth The IAPF 5 Chairperson’s Message 6 Mission and Goals Statement 12 Council 14 Office 16 Past Chairpersons 18 Structure 20 Committees 22 Benefits Committee 24 Regulatory & Administration Working Group 26 DC Committee 28 Investment Committee 30 Large Funds Forum 32 Regional – Southern Branch 34

IAPF Member Services 37 About You and Us 38 Global knowledge. Local delivery. Benefits of Membership 39 In today’s economy, you need advisors with a breadth of skills and expertise. With insights Representation 40 into your speciﬁc business issues. Who can work with you to develop the right solutions.

Communication 42 Willis Towers Watson is a leading global advisory, broking and solutions company that helps clients turn risk into a path for growth. We design and delivery solutions that manage risk, Submissions and Surveys 44 optimise beneﬁts, cultivate talent, and expand the power of capital to protect and strengthen Research 46 institutions and individuals.

Events 48 Willis Towers Watson oers professional advice on a wide range of business issues to clients ranging from small businesses to multinational corporations. Our services and Pension Quality Standard 54 solutions cover pension scheme design and management, compensation and reward, talent strategy, insurance broking, analytics and advice.

With roots dating back to 1828, Willis Towers Watson has 40,000 employees in more than Membership Directory 59 140 countries. In Ireland we have more than 600 employees across oces in Dublin, Cork IAPF Full Membership Directory 61 Belfast, Limerick and Galway. IAPF Membership Index 176 For more information contact us at +353 1 661 6211 or visit willistowerswatson.com/en-IE

willistowerswatson.com 46372 Willis Towers Watson IAPF Yearbook Full Page Ad.pdf 1 01/10/2018 10:20

See risk as a path to growth

Global knowledge. Local delivery. In today’s economy, you need advisors with a breadth of skills and expertise. With insights into your speciﬁc business issues. Who can work with you to develop the right solutions.

Willis Towers Watson is a leading global advisory, broking and solutions company that helps clients turn risk into a path for growth. We design and delivery solutions that manage risk, optimise beneﬁts, cultivate talent, and expand the power of capital to protect and strengthen institutions and individuals.

Willis Towers Watson oers professional advice on a wide range of business issues to clients ranging from small businesses to multinational corporations. Our services and solutions cover pension scheme design and management, compensation and reward, talent strategy, insurance broking, analytics and advice.

With roots dating back to 1828, Willis Towers Watson has 40,000 employees in more than 140 countries. In Ireland we have more than 600 employees across oces 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 2019 3 4 IAPF YEARBOOK 2019 Section 1 THE IAPF

IAPF YEARBOOK 2019 5 CHAIRPERSON’S MESSAGE

CHAIRPERSON’S MESSAGE

PETER FAHY REFORM CHAIRPERSON Last year, I lamented the lack of progress on the reform front. This year we have been bombarded with reform proposals.

In February, the Government published its Roadmap for Pensions INTRODUCTION Reform 2018 – 2023. The Department Welcome to the 22nd edition of the of Employment Affairs and Social IAPF Yearbook, the essential reference Protection subsequently published two guide for all those involved in pensions consultation documents in relation in Ireland. We hope you find it useful to the roadmap, one on reform of during 2019. the State pension system and the second a strawman for the automatic At the IAPF, our mission statement enrolment retirement savings system continues to be the delivery of secure, element of the roadmap, summarising fair and simple pensions in Ireland. indicative terms for the new auto- We seek to do so by advocating for enrolment system for comment. appropriate policy change, by research Separately, an interdepartmental and by informing and educating our pensions reform group published a Your partners in pensions law members on both current regulation comprehensive consultation paper on and on best practice. reform of current pension products, Leading domestic and international companies, financial harmonisation of tax rules, the current We benefit hugely from the expertise institutions and trustees operating in Ireland rely on the expertise tax relief system and approved and commitment of our Committee retirement funds. We have responded of A&L Goodbody’s Pensions Group for solutions to their most members, who contribute on a in depth to each of these consultation complex pension problems. voluntary basis, and from the strong papers, and we have also had extensive leadership shown by our Council formal and informal contacts with the members. We also benefit from a very relevant Departments regarding the For further information please contact your A&L Goodbody partners: capable executive team, led by our entire reform agenda, and continue to David Main David Francis Chris Comerford CEO, Jerry Moriarty. do so. +353 1 649 2602 +353 1 649 2380 +353 1 649 2923 [email protected] [email protected] [email protected] I want to thank both our staff and Our key aims in all of this are to our voluntary contributors for their support the introduction of an auto- hard work and dedication throughout enrolment system which enhances, www.algoodbody.com what has been a very busy year for the rather than disrupts or damages Association. DUBLIN / BELFAST / LONDON / NEW YORK / SAN FRANCISCO / PALO ALTO

6 IAPF YEARBOOK 2019 Your partners in pensions law

Leading domestic and international companies, financial institutions and trustees operating in Ireland rely on the expertise of A&L Goodbody’s Pensions Group for solutions to their most complex pension problems.

For further information please contact your A&L Goodbody partners:

David Main David Francis Chris Comerford +353 1 649 2602 +353 1 649 2380 +353 1 649 2923 [email protected] [email protected] [email protected] www.algoodbody.com

DUBLIN / BELFAST / LONDON / NEW YORK / SAN FRANCISCO / PALO ALTO

IAPF YEARBOOK 2019 7 CHAIRPERSON’S MESSAGE

the pension schemes sponsored and appropriate use of the ability under administered by our members, and the Directive to exempt schemes with to continue to press for reform and fewer than 100 members from some or simplification of the current tax and all of the Directive’s more onerous and regulatory system. We have had a very costly provisions, at least for a period. co-operative engagement with the The UK, which is due to leave the EU relevant Departments, and while we next year, published its transposing welcome this we do not underestimate regulations last month. Notably, the the challenges ahead. UK has exempted pension schemes We encourage you, as our members, of less than 100 members from many to continue to input to this dialogue, of the more onerous and costly as it is your voice as pension scheme compliance requirements of the sponsors and Trustees which the Directive, including the key function Government wishes to hear. and own risk assessment requirements.

REGULATION OF Once the Irish implementation regime becomes clearer, we will be TRUSTEES engaging in an extensive analysis and The Pensions Authority was also active education process to assist our Trustee in 2018, publishing its consultation members in grappling with the new paper on the regulation of master requirements of the Directive. trusts, and providing initial guidance There will also be additional reporting on how it proposes to regulate Trustees requirements for schemes in 2019, in the new, post-IORP II, world. with larger schemes (at a minimum) The IORP II or Second Pensions required to provide quarterly statistical Directive must be transposed into data to the European Central Bank. Irish law by 13 January 2019, and as We have met with the ECB and the of the time of writing the transposing Central Bank of Ireland to discuss the regulations or legislation have not requirements and made significant been published by the Government. progress in ensuring that they are The Directive will introduce a step proportionate. change in the governance and compliance obligations of Irish DEFINED BENEFIT pension Trustees, and significant lead REFORM time will be necessary for Trustees The legislation to impose certain to fully assimilate and implement its minimum funding obligations on requirements. sponsors of defined benefit schemes We have called on the Government and to reform the funding standard to publish the Irish transposing remains within the Government’s legislation as soon as possible. We have legislative programme but has not also asked the Government to make moved forward. We welcome further

8 IAPF YEARBOOK 2019 Opening Doors in Ireland

As legal and regulatory responsibilities become more complex, progressive organisations need measured advice to help realise their ambitions.

The expertise we bring is rooted in unrivalled knowledge of the pensions industry, so our advice is always set in its commercial context.

We empower our clients by giving focused recommendations and a clear understanding of their options.

We solve the issues you face today and anticipate the challenges you face tomorrow.

To find out how we can help, visit MHC.ie/pensions

Peggy Hughes Stephen Gillick Partner Partner Head of Pensions +353 1 614 2198 +353 1 614 2458 [email protected] [email protected]

Dublin London New York San Francisco

503 MHC IAPF Full Page advert - 2018 Yearbook (130mmx228mm).indd 1 18/10/2018 14:27:03 CHAIRPERSON’S MESSAGE The knowledge to progress in relation to this key piece of the vital role played by our members in benefit your business legislation, and will continue to engage providing retirement benefits to many with the Government in relation to it. thousands of Irish people. Pension lawyers you can rely on CONCLUSION Finally, I would like to again acknowledge the great work done, on Change is finally on the horizon, a voluntary basis, by the members of though regrettably it appears that the Council and our Committees. They compliance burden for Trustees is give their time and expertise on behalf going to increase before the benefits of of our members and work to ensure tax simplification, funding standard people in Ireland can have pensions reforms and the other more favourable that are secure, fair and simple. elements of the Government’s Roadmap have kicked in. I would also like to thank the staff of the Association for their excellent work The IAPF is committed to helping throughout what has been a very busy our members navigate through these year. challenging times, and to ensuring Peter Fahy that both the Government and the At Eversheds Sutherland we take pension issues off your Pensions Authority are reminded of Chairperson hands and resolve them. Trust our team to provide the right advice in areas such as: – scheme governance According to clients, Peter Fahy is “brilliant and very practical. While – compliance many lawyers get caught up in – documentation semantics, he comes up with clear solutions.” – funding Consultant Fiona Thornton “has – investment a huge understanding of the – benefit restructuring cogs and machinery behind the pensions industry,” according – mergers and wind ups to one client, who goes on to describe her as an “extremely – dispute resolution solution-oriented, very efficient – trustee training and productive lawyer.” FORESTRY INVESTMENT for Irish Pension Funds For more information on how our pensions team can help you, please contact: Forestry is a sustainable core investment for Irish Pension Funds that has Peter Fahy been characterised by positive real long-term returns with low volatility. Head of Pensions +353 1 6644 206 IForUT has managed Irish pension fund investments in forestry for the [email protected] past 25 years. We now hold over €320 million of asset backed forestry Fiona Thornton investments in the Irish bio-economy and overseas. Consultant +353 1 6644 326 Phone (01) 862 3440 [email protected] Email [email protected] Web www.iforut.ie eversheds-sutherland.ie

EVE.DUB.1992 Pensions IAPF Yearbook advert 2019 - resize v1.indd 1 16/10/2018 17:29 The knowledge to benefit your business Pension lawyers you can rely on

At Eversheds Sutherland we take pension issues off your hands and resolve them. Trust our team to provide the right advice in areas such as: – scheme governance According to clients, Peter Fahy is “brilliant and very practical. While – compliance many lawyers get caught up in – documentation semantics, he comes up with clear solutions.” – funding Consultant Fiona Thornton “has – investment a huge understanding of the – benefit restructuring cogs and machinery behind the pensions industry,” according – mergers and wind ups to one client, who goes on to describe her as an “extremely – dispute resolution solution-oriented, very efficient – trustee training and productive lawyer.”

For more information on how our pensions team can help you, please contact: Peter Fahy Head of Pensions +353 1 6644 206 [email protected] Fiona Thornton Consultant +353 1 6644 326 [email protected]

eversheds-sutherland.ie IAPF YEARBOOK 2019 11

EVE.DUB.1992 Pensions IAPF Yearbook advert 2019 - resize v1.indd 1 16/10/2018 17:29 IAPF MISSION AND GOALS STATEMENT Pension Trustee Practitioner “Established in 1973, the IAPF is a non- (PTP) SECURE FAIR profit, non-commercial organisation. Our members provide retirement security to over 185,000 employees, pay pensions to Leading to the designation Pension SIMPLE over 90,000 people, and are responsible for LeadingTrustee Practitionerto the designation (PTP), Pensionthis course some €147.6 billion in retirement savings” Trusteewill equip Practitioner Lay and Professional (PTP), this coursePension will Trustees equip professional with the knowledge, and lay PURPOSE Pensioncompetencies Trustees and with skills the required knowledge, to competenciescarry out their androles skills effectively. required to The IAPF represents pension savers We provide our members with carry out their roles effectively. with the purpose of ensuring they services that: A specialist two-module course, the can have pensions that are: AProfessional specialist two-module Certificate course,DC Pension the ProfessionalScheme Trusteeship Certificate is quickly DC Pension Secure, Fair and Simple Educate, Represent and Inform Schemebecoming Trusteeship the must have is quickly qualification becomingfor Trustees. a must have qualification to those with an interest in this area. www.lia.ie “ I really enjoyed and learned from LIA’s “PTP I really course. enjoyed It focusses and learned on the from practical LIA’s PTPduties course. and responsibilities It focusses on theI need practical in my dutiesrole as and a Pension responsibilities Scheme ITrustee. need in Imy loved rolebeing as able a Pension to study Scheme at a distance, Trustee. from I loved the beingcomfort able of tomy study home/office at a distance, and atfrom times the comfortthat suited of my me. home/office I have been aand Trustee at times of thatmy work suited scheme me. I have for over been 7 ayears Trustee and of mywith work my PTPscheme qualification for over 7 yearsunder andmy arm withI can my now PTP confidently qualification say thatunder I knowmy arm and Iunderstand can now confidently my role and say responsibilities”. that I know and understand my role and responsibilities”. Liam Doab PTP, LiamKostal Doab Ireland PTP, Kostal Ireland

Harry Crummy Harry Crummy QFA, SIA. CFP®, PTP QFA, SIA. CFP®, PTP

IAPF Advert 2018 v2.indd 1 19/10/2018 09:27:05 Pension Trustee Pension Trustee Practitioner (PTP)

Leading to thethe designationdesignation Pension Pension LeadingTrustee Practitionerto the designation (PTP),(PTP), Pensionthis this course Trusteecoursewill equip willPractitioner Lay equip and professional Professional (PTP), this and lay coursePension will Trustees equip professional withwith thethe knowledge, knowledge, and lay Pensioncompetencies Trustees andand with skillsskills the required required knowledge, to to competenciescarry out theirtheir and rolesroles skills effectively.effectively. required to carry out their roles effectively. A specialist two-moduletwo-module course, course, the the AProfessional specialist two-module CertificateCertificate course, DCDC PensionPension the ProfessionalScheme Trusteeship Certificate isis quickly quicklyDC Pension Schemebecoming Trusteeship thea must must have have is quickly qualification qualification to becomingthosefor Trustees. with a an must interest have inqualification this area. to those with an interest in this area. www.lia.ie “ I really enjoyedenjoyed andand learnedlearned from from LIA’s LIA’s “PTP I really course. enjoyed ItIt focussesfocusses and learned on on the the from practical practical LIA’s PTPduties course. and responsibilitiesresponsibilities It focusses on theI Ineed need practical in in my my duties and responsibilities I need in my role as a PensionPension SchemeScheme Trustee. Trustee. I Iloved loved role as a Pension Scheme Trustee. I loved being able toto studystudy atat aa distance, distance, from from the the being able to study at a distance, from the comfort of mymy home/officehome/office andand atat times times comfort of my home/office and at times that suited me.me. II havehave beenbeen a a Trustee Trustee of of that suited me. I have been a Trustee of my work scheme forfor overover 7 7 years years and and my work scheme for over 7 years and with my PTP qualificationqualification underunder mymy armarm with my PTP qualification under my arm I can now confidentlyconfidently saysay thatthat I I knowknow andand Iunderstand can now confidently my role and say responsibilities”. that I know and understand mymy role role and and responsibilities”. responsibilities”. Liam Doab PTP,PTP, LiamKostal Doab Ireland PTP, Kostal IrelandIreland

Harry Crummy HarryHarry Crummy Crummy QFA, SIA. CFP®, PTP QFA,QFA, SIA. SIA. CFP CFP®,® PTP, PTP

IAPF YEARBOOK 2019 13

IAPF Advert 2018 v2.indd 1 19/10/2018 09:27:05 IAPF Council

IAPF COUNCIL

Your IAPF Council comprises of 13 members who all act as directors of the Association. Council generally meets once a month and it is tasked with developing policy positions, the strategy of the Association and the oversight of operations and finance.

Peter Fahy Eunice Dreelan Brian Buggy Chairperson Vice-Chairperson Secretary Partner Director Strategy Partner Head of Pensions & Change Head of the Eversheds Sutherland Irish Life Financial Pensions Group Services Matheson

Colm Fortune Roz Briggs Kevin Cruise O’Shea Treasurer Ex-Chair of the Head of Client Head of Reward Trustee Group Relationship Management Musgrave Group plc Microsoft Mercer

14 IAPF YEARBOOK 2019 Tony Fleming Peter Griffin John Griffith Pension Fund Trustee Director Senior Business EirGrid APT Workplace Development Manager Pensions Limited & Client Services KBI Global Investors Ltd

Amanda King Conor King Rickard Mills Global Benefits & Consulting Actuary Trustee Wellness Manager Willis Towers Watson Kerry Group plc

Ann Prendergast Head of State Street Global Advisors Ireland State Street Global Advisors

IAPF YEARBOOK 2019 15 IAPF OFFICE

IAPF OFFICE

IAPF Telephone: + 353 1 6612427 Suite 2 Email: [email protected] Slane House Website: www.iapf.ie 25 Lower Mount Street Join us at: www.linkedin.com Dublin D02 V029 Follow us: @iapf_info Ireland EXPECT EXCELLENCE Jerry Moriarty Deirdre Ross Chief Executive Officer Commercial Operations Manager [email protected] [email protected]

Arthur Cox’s Pensions Group is a leading team in the Irish pensions sector.

The Group provides clear and pragmatic advice on all aspects of pensions law and governance to a wide range of pension scheme sponsors including companies, public sector employers and semi-state entities, industry bodies and trustees.

With Arthur Cox’s Pensions Group, you can always expect excellence.

To ﬁ nd out more, please contact:

Philip Smith, Partner Catherine Austin, and Head of Pensions Partner Amy Peat Kelley McMenamin +353 1 920 1278 +353 1 920 1023 [email protected] [email protected] Accounts & Events Administrator Director of Communications [email protected] [email protected]

www.arthurcox.com

16 IAPF YEARBOOK 2019 EXPECT EXCELLENCE

Arthur Cox’s Pensions Group is a leading team in the Irish pensions sector.

With Arthur Cox’s Pensions Group, you can always expect excellence.

To ﬁ nd out more, please contact:

Philip Smith, Partner Catherine Austin, and Head of Pensions Partner +353 1 920 1278 +353 1 920 1023 [email protected] [email protected]

www.arthurcox.com

IAPF YEARBOOK 2019 17 PAST CHAIRPERSONS

PAST CHAIRPERSONS

The IAPF has maintained its prominent position in the pensions community with consistent leadership from specialists. We thank them all for their contributions before, during and after their tenure as Chairperson.

2015 – 2017 Jim Foley 1993 – 1995 Anne Maher

2013 – 2015 Rachael Ingle 1991 – 1993 Alan Broxson

2011 – 2013 Maurice Whyms 1989 – 1991 Patrick Gallagher

2009 – 2011 Marie Collins 1987 – 1989 Eamonn P Heffernan

2007 – 2009 Patrick Burke 1985 – 1987 Gerald F Colleary

2005 – 2007 Joe Byrne 1983 – 1985 Frank J Close

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 Matheson. The law firm of choice for internationally focused companies and financial institutions doing business in and from Ireland.

reorganisations and wind-ups, and pensions-related litigation. ILO Client Choice Award Winner for Litigation in Ireland Contact Brian Buggy, Partner, [email protected], International Law Office Client Choice Awards 2018 Deirdre Cummins, Partner, [email protected] International Firm in the Americas or your usual contact at Matheson. International Tax Review 2017

18 IAPF YEARBOOK 2019 www.matheson.com Matheson. The law firm of choice for internationally focused companies and financial institutions doing business in and from Ireland.

Brian Buggy and Deirdre Cummins lead a team of experienced Ireland Transfer Pricing Firm of the Year International Tax Review 2018 pensions and benefits lawyers advising on all areas of Winner, Eight Deals of the Year, in M&A, pension law. This includes the establishment of Revenue- Equity Capital Markets, Debt Capital approved pension schemes, employee benefit schemes, Markets, Financial Services, Loans and Financing regulatory compliance and trustee issues, pension scheme Finance Dublin Awards 2018 reorganisations and wind-ups, and pensions-related litigation. ILO Client Choice Award Winner for Litigation in Ireland Contact Brian Buggy, Partner, [email protected], International Law Office Client Choice Awards 2018 Deirdre Cummins, Partner, [email protected] International Firm in the Americas or your usual contact at Matheson. International Tax Review 2017

www.matheson.com IAPF STRUCTURE

IAPF STRUCTURE

The IAPF is led by Council, who shape the strategies and policies of the Association. They are supported by a number of Committees who meet monthly, and Working Groups who meet on an ad hoc basis. Members volunteer their expertise and experience to the IAPF and we express our gratitude for their ongoing work and contribution to the Association.

IAPF COUNCIL (PETER FAHY, CHAIRPERSON)

REPRESENTATION PENSIONS EUROPE (JERRY MORIARTY, CEO)

REGIONAL – BENEFITS DC INVESTMENT FORUMS SOUTHERN (PETER GRIFFIN) (COLM FORTUNE) (JOHN GRIFFITH) (JOHN O’CALLAGHAN) TAILOR-MADE INVESTMENT SOLUTIONS

At Irish Life Investment Managers (ILIM), we Our flexible approach to pensions and investments allows usto understand that a one-size-fits-all strategy does not work. Blending work with our clients to engineer bespoke solutions which will suit leading edge investment strategies and expert engagement, we their individual risk and return profiles. It is this approach, with over ensure that the needs of each client are fully matched. That’s why 8 €73 billion* in assets under management that has made us a leading REGULATORY & LARGE FUNDS of the 10 biggest Irish quoted companies choose Irish Life to fund manager. ADMINISTRATION (TONY MURRAY) manage their pension funds. (TOM GILLIGAN)

*As at 31st August 2018. Investments may fall as well as rise.

To find out how we can help you, please contact: Eunice Dreelan, Director – Investment Development IAPF OFFICE +353 1 704 2414 (PAGE 16) 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. PENSIONS • INVESTMENTS • LIFE INSURANCE Irish Life Investment Managers and Irish Life is part of the Great-West Lifeco group of companies PENSIONS • INVESTMENTS • LIFE INSURANCE

20 IAPF YEARBOOK 2019

ILA 14348 (NPI 09-18) 150x245.indd 1 27/09/2018 12:03 TAILOR-MADE INVESTMENT SOLUTIONS

At Irish Life Investment Managers (ILIM), we Our flexible approach to pensions and investments allows usto understand that a one-size-fits-all strategy does not work. Blending work with our clients to engineer bespoke solutions which will suit leading edge investment strategies and expert engagement, we their individual risk and return profiles. It is this approach, with over ensure that the needs of each client are fully matched. That’s why 8 €73 billion* in assets under management that has made us a leading of the 10 biggest Irish quoted companies choose Irish Life to fund manager. manage their pension funds.

*As at 31st August 2018. 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

IAPF YEARBOOK 2019 21

ILA 14348 (NPI 09-18) 150x245.indd 1 27/09/2018 12:03 IAPF COMMITTEES WHEN DID YOUR IAPF COMMITTEES TRUSTEES LAST HAVE

The work of the IAPF relies heavily on the dedication TRAINING? and commitment of our members and their representatives who voluntarily give up their time.

Committee meetings generally take place once a month, with Working Groups meeting as and when important issues arise. The Committees and Working Groups are listed below: FEEDBACK

“Very well presented and interesting” AREA OF RESPONSIBILITY CHAIRPERSON PAGE “A good approach to a heavy subject”

Benefits Committee Peter Griffin 24 “Excellent presentations covering very extensive content” Regulatory & Administration Tom Gilligan 26 “Good insight overall. Content good & well delivered” Working Group

DC Committee Colm Fortune 28 IAPF TRAINING COURSES FOR TRUSTEES Investment Committee John Griffith 30 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 Large Funds Forum Tony Murray 32 the law.

Regional – Southern Branch John O’Callaghan 34 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.ie 22 IAPF YEARBOOK 2019 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.

Contact: [email protected] .:. +353 1 6612427 .:. www.iapf.ie IAPF YEARBOOK 2019 23 IAPF COMMITTEES

BENEFITS COMMITTEE

Objectives: —— Policy issues: Helping the IAPF to develop positions in relation to national pension issues such as pensions simplification, and PETER GRIFFIN to communicate those issues on your behalf. Achievements 2018: —— Practical issues: Providing “The Benefits Committee produced practical information to IAPF Trustee resource papers on managing members covering issues such both Conflicts of Interest and as funding, governance and Deferred Members. A DB Survey was market trends. also undertaken, the first in three years, which covered over €20bn in assets. All Committee outputs are available to download from the member area of the website.”

BENEFITS COMMITTEE MEMBERS TELEPHONE APT Workplace Pensions Peter Griffin, Chair 01 2063010 Limited Peter Burke Mercer 01 6039778 John Crampton Willis Towers Watson 01 6146876 Independent Trustee Elma Fox 01 6148069 Limited Stephen Gillick Mason Hayes & Curran 01 6142198 Irish Life Corporate Gillian Lynch 01 7041218 Business David Main A&L Goodbody 01 6492602 Ross Mitchell elipsLife 01 9601900 Katherine Murphy Aon 01 4705343 Brian Murray Joseph G Byrne & Sons 01 7642138 John O’Connell Trident Consulting 01 4853887

24 IAPF YEARBOOK 2019 CREATING CREATINGCREATING AA BRIGHTERBRIGHTER TOMORROWTOMORROW

Creating a brighter tomorrow Creating a brighter tomorrow isCreating at the heart a brighter of our tomorrow business. is at the heart of our business. Weis athelp the you heart advance of our the business. Health, We help you advance the Health, WealthWe help and you Performance advance the Health,of Wealth and Performance of yourWealth people. and Performance of youryour people. people. To find out more e-mail ToTo find find out out more more e-maile-mail [email protected] [email protected]@mercer.com or visit www.mercer.ie oror visit visit www.mercer.ie www.mercer.ie

MercerMercer (Ireland) (Ireland) Limited Limited and and Mercer Mercer Mercer (Ireland) Limited and Mercer FinancialFinancial Services Services Limited, Limited, trading trading as as MercerFinancialMercer are Servicesare registered registered Limited, in in Ireland. Ireland. trading as Mercer are registered in Ireland.

IAPF YEARBOOK 2019 25 IAPF COMMITTEES

REGULATORY & ADMINISTRATION WORKING GROUP

Objectives: —— This Group assists the Benefits Committee and meets on an ad hoc basis to discuss TOM GILLIGAN regulatory developments and administrative issues facing pension funds and administrators. Achievements 2018: in Regulation (EU) 2018/231 of “The Regulatory and Administration the European Central Bank on Working Group continued to address statistical reporting requirement for and resolve issues our members pension funds (ECB/2018/2). The faced. In 2016, we commenced work first reporting under the regulations on the draft ECB regulation on will occur in late 2019. We have been statistical reporting requirements working with the European Central for pension funds and this work Bank, Central Bank of Ireland, continued in 2017 with our response Pension Authority, PensionsEurope to the public consultation. In late on how the regulations will be 2017, we published an article in the implemented for pension funds Winter Edition of the IAPF Irish in Ireland. We have also been Pensions magazine to help explain monitoring developments by EIOPA the new reporting requirements to to collect statistical information Trustees and to raise awareness. from pension funds under the The new ECB statistical regulations IORPS directive, (EIOPA BoS/18 114 were passed on 26 January 2018 of 10 April 2018).”

REGULATORY & ADMINISTRATION TELEPHONE WORKING GROUP MEMBERS Tom Gilligan, Chair TG Consulting 087 2458938 Brian Buggy Matheson 01 2322000 Gary Colclough New Ireland 01 6172347 Ger Duggan Aon 01 4705644 Joe Fitzpatrick Invesco 01 2947667 Frank Keating Aon 021 4972628 Samantha McConnell Willis Towers Watson 01 7996542

26 IAPF YEARBOOK 2019 Striking the right note Providing Trustee Services for Irish Pension Schemes

Our professional trustee services include: n Corporate Trusteeship n Member of the Trustee Board n Chairman of the Trustee Board n Secretary to the Trustees n Chairman/Member of Sub-Committees To speak to a Trustee Representative, n Governance reviews please contact: t: +353 1 407 4931 n Trustee Training e: [email protected] w: www.trusteeprinciples.ie Trustee Principles Limited is part of the Trustee Principles Limited Willis Towers Watson Group. Elm Park, Merrion Road, Dublin 4

45972 Trustee Principles IAPF Yearbook Half Page Ad 130x112.indd 1 21/09/2018 12:50 Venture Capital Funds: An opportunity for pension funds to invest in an alternative asset

An investment in a venture capital fund provides: • Top quartile returns of 20%+ IRR; • Diversiﬁcation against volatility; • A long term asset to match long term liabilities; • Access to high growth markets and specialised sectors.

Irish VC managers, with over €1bn of AUM, invest primarily in companies located in Ireland, the UK, Europe and the US. They are managing larger funds with proven teams that have domain expertise with access to global networks.

The investment outlook is very positive driven by maturing technology sectors, experienced globally focused entrepreneurial teams and low entry valuations. Exit valuations are driving top returns.

t +353 1 276 4647 e [email protected] www.ivca.ie @IVCA_ie

Irish Venture Capital Association IAPF COMMITTEES

DC COMMITTEE

Objectives: —— Policy issues: helping the IAPF to develop positions in relation to DC issues and to communicate those issues. COLM FORTUNE —— Practical issues: providing practical information to IAPF Achievements 2018: members covering issues “The DC Committee responded around three key areas – to the Pensions Authority communication, governance consultation on Pension reform, and investment. enhanced the PQS (Pension Quality Standard) Award and produced a number of booklets and guidelines for our DC members.”

DC COMMITTEE MEMBERS TELEPHONE

Colm Fortune, Chair Microsoft 087 6183569 John Campion 083 4899821 Eleanor Cunningham McCann FitzGerald 01 6071723 Ian Devlin William Fry 01 6395064 Paul Duignan ESB 01 7026211 Newcourt Pensioneer Brian Macdonald 01 8280070 Trustees Limited Tom McLoughlin New Ireland 086 8100564 Declan O’Brien Willis Towers Watson 01 6396380 John Redmond Mercer 01 6039877 Caroline Rowan Aon 01 4705327 Thomas Synnott Zurich 01 2092196

28 IAPF YEARBOOK 2019 3116_Future_Ready_Ad_A4_IAPF (Customer Facing) PA 3120 0918.indd 1 28/09/2018 14:51 IAPF COMMITTEES

INVESTMENT COMMITTEE

Objectives: —— To promote better standards of investment governance among trustee groups – including preparation and JOHN GRIFFITH publication of guidelines on investment matters. Achievements 2018: —— To increase awareness “The Committee produced the of investment matters as annual Pension Investment Survey they relate to retirement and a series of “hot investment provision and to pension topics” for trustees including funds and their members. Fiduciary Management. We also undertook a Fiduciary Management survey with LCP Ireland and are considering topics such as ESG and Long Term Investing.”

INVESTMENT COMMITTEE MEMBERS TELEPHONE

John Griffith, Chair KBI Global Investors Ltd 01 4384456 Paul Droop Bank of Ireland 076 6244734 Noel Friel ESB 01 7027886 Grainne Newman Mercer 01 6039725 Irish Life Investment Padraic Nolan 01 8563939 Managers John O’Donnell AIB 01 6411447 Aberdeen Standard Liam Stack 01 5230908 Investments

30 IAPF YEARBOOK 2019 You can’t add real value to your client’s business unless you’re truly on their wavelength.

Legal & General Investment Management With a heritage dating back over 180 years, we have built our business through tuning in to what matters most to our clients. The more you listen, the more you understand. The more you understand the more value you can add. It’s a simple philosophy, but for us it has proved a remarkably successful one. It explains why our clients trust us with over €1,114 billion* of assets worldwide and more than 80% of our new business comes from our established clients. It’s how we’ve become one of the world’s largest asset managers.

Telephone: 00353 1 9058520† • [email protected] [email protected] • www.lgim.com

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 and Wales No. 02091894. Registered office: One Coleman Street, London EC2R 5AA. Authorised and regulated by the Financial Conduct Authority. *Source: LGIM internal data as at 30 June 2018. These figures include assets managed by LGIMA, an SEC Registered Investment Advisor. Data includes derivative positions. †Call charges will vary.

LGIM0272_Wavelength_IAPF_245x150.indd 1 04/10/2018 17:12 IAPF COMMITTEES

LARGE FUNDS FORUM

Objectives: —— To formulate and represent the views of pension fund sponsors on relevant matters. —— To discuss, debate and promote TONY MURRAY issues of concern to pension scheme managers. Achievements 2018: “The Large Funds met and discussed a number of key issues effecting large schemes including benefit structures, the funding standard, DC developments and the various Pension related papers issued by Government over the past twelve months.”

INVESTMENT COMMITTEE MEMBERS TELEPHONE

Tony Murray Coras Iompair Éireann 01 7032050 Fergal Booth An Post 01 7057258 Robert Callaghan Bank of Ireland 076 6244735 Emer Chapman RTÉ 01 2082318 Michelle Elliott Diageo Ireland 0044 7803 856336 Jim Foley Trustee Decisions Ltd 01 4410608 Keith Gore Allied Irish Banks plc 01 6414446 Construction Workers’ Anne Keogh 01 4977663 Pension Scheme James O’Loughlin Electric Ireland 01 7026502 Dermot Roarty Aer Lingus 01 8862570

32 IAPF YEARBOOK 2019 Dedicated Trustee Services

Phone: +353 1 835 5578 Email: [email protected] Web: www.dtstrustees.ie

Our Experience, Your Peace of Mind

DTS provides practical, relevant and cost effective trusteeship to DC pension schemes as sole trustee, joint trustee or as part of trustee boards bringing true independence and ensuring effective regulation and compliance leading to better member outcomes.

To find out more, just visit our website www.dtstrustees.ie, or to speak with a member of the team contact us by phone +353 1 835 5578, or email [email protected].

IIPM LAW & GOVERNANCE PROGRAMME FOR TRUSTEES

Law and Governance responsibilities imposed by I completed the IIPM Law & Programme for Trustees both legislation and social Governance for Trustees course in March/April 2018 and found the The IIPM Law and needs and it examines the presentations to be informative Governance Programme liabilities they face, compliance issues and and well delivered, the content to for Trustees offers both DB be challenging and entire course the need for proper risk and DC scheme trustees the to be very interesting, helpful management. Trustees insights and understanding and practical. I can honestly say required to carry out their will have a deeper that the IIPM Law & Governance roles effectively. Touching on understanding of how risks programme for Trustees is the best the many aspects of pension can be mitigated through course that I have been on since schemes, the programme the implementation of good leaving college; it is my privilege will focus on the building practices and procedures. to recommend it to anyone who is blocks for implementing Issues will be examined or is to become a pension scheme good scheme governance for both ongoing schemes trustee and to anyone who works with trustees. ” and risk management. and those in the process of wind-up. Graham L. Dawson M.A., F.C.A., Q.P.T. The programme covers the Chief Operations Officer core areas of trustees William Fry

For more details please contact: [email protected] or (01) 4498512 Irish Institute of Pensions Management (IIPM) www.iipm.ie

3117_IIPM Ad_1018.indd 1 16/10/2018 16:10 IAPF COMMITTEES

REGIONAL IAPF – SOUTHERN BRANCH

Objectives: —— To promote the regional presence of the Association. JOHN O’CALLAGHAN

Achievements 2018: “The Southern Branch held a number of successful events in Cork to help keep our members updated on IAPF policy and pension changes”

REGIONAL SOUTHERN BRANCH SUB- TELEPHONE COMMITTEE MEMBERS John O’Callaghan, Chair 021 4893118 Ray Clarke Aon 021 4357880 Kevin Cruise O’Shea Musgrave Group plc 021 4522127 Ian Geary BlackBee Investments 021 2061710 Elaine Hartnett Mercer 021 4910920 Anthony Horgan Irish Life 087 6295443 Finian O’Driscoll Invesco 087 8305692

34 IAPF YEARBOOK 2019 Committed to Excellence.

A forward thinking law firm.

Contact: Liam Connellan Partner and Head of Pensions Direct: +353 1 691 5251 Email: [email protected] www.byrnewallace.com

First top 10 Irish Law firm certified. First Irish Law firm certified.

Ireland Client Service Award - Chambers Europe 2017 | Excellence in Client Service - Irish Law Awards 2018 Deal of the Year Loans & Financing (SME Sector) - Finance Dublin 2018 | Top M&A Legal Adviser - Experian MarketIQ 2018

CPD FOR 2018 Accredited IAPF Events We are aware that our members are required to log their CPD hours for the year. Continuous Professional Development is an integral part of our member’s careers not only for Pension Professionals but also for Trustees who are required to satisfy the Pensions Authority legal requirements with regards to their ongoing training. As part of our overall services, the IAPF provide seminars, training and conferences which are designed to help, inform and educate members and can form part of appropriate training for CPD. Please navigate to our website to see the list of 2017 events in order to determine the exact hours awarded for any events you have attended and the related codes from the appropriate external awarding bodies. We hope that this is of help to you when you are logging your appropriate training. If you have a query relating to CPD hours please contact the relevant awarding body.

2018 Events: www.iapf.ie | [email protected] www.iapf.ie/Events/CPD 01 6612427 | @iapf_info 36 IAPF YEARBOOK 2019 Section 2 IAPF MEMBER SERVICES

IAPF YEARBOOK 2019 37 IAPF MEMBER SERVICES

ABOUT YOU “Membership of the IAPF is very important to our Trustees in that AND US it provides support and training on an ongoing basis. In addition, the Trustee seminars provide a platform The IAPF Yearbook 2019 gives for discussion on latest legislative you a concise overview of the connection the Association has and industry changes, supported by with you, our members. We help to expert opinion. We encourage our frame the Irish pension community Trustees to attend as many seminars by facilitating the support, network as possible, with a view to staying up and knowledge resources to help to date with the considerable changes you grow your career and your that occur in pensions legislation and pension scheme. compliance, annually.”

About You Fergal Booth Our community of comprises An Post of pension trustees, HR and retirement saving professionals. Our events and online library help About Us you understand and learn more Since 1973, the IAPF has about Irish pensions, through represented Irish pension savers extending your Irish pension and you. The Association is network and best practice advice. Ireland’s only representative body No matter what your role in the for occupational pension schemes. Irish pension community, we are By providing a forum for our here to encourage and support you. members to network and learn from the experience of others, we channel the power of our collective voice to lobby government to create a platform for secure, fair and simple retirement in Ireland. We host thought-provoking conferences and unrivalled networking opportunities, publish practical guides, surveys and research. We exist to help you navigate the modern and evolving Irish pension landscape.

38 IAPF YEARBOOK 2019 BENEFITS OF MEMBERSHIP

BENEFITS OF “Our membership to the IAPF has MEMBERSHIP been extremely valuable as it has provided us with direct access to a vast trustee network whereby we can —— Regular pension events: better understand the problems faced —— four annual conferences by trustees in order to find practical solutions. Membership to the IAPF —— discount rates to IAPF seminars is integral if you are truly committed —— Trustee Only to improving retirement provision in Networking events Ireland.’’ —— Regional round-table events —— Regular policy updates Ken Tooze Aberdeen Standard Investments —— Free “Irish Pensions” magazine four times per year

—— Free subscription to European —— Access to a network of pensions Pensions Magazine worth €220 expertise drawn from our member annually organisations —— Member only access to pension —— DC Trustee Packs surveys, research, benchmarking studies and guidelines Focused On Your Needs —— Independent, reduced rate The IAPF is the authoritative voice Trustee Training of Irish pensions. We are your representative body. We successfully —— Dedicated team within IAPF channel the power of our members’ to answer queries and provide collective voices. Be a part of information influencing change, be the difference and make your voice heard where it matters.

For further information contact the IAPF Tel: (01) 6612427 Email: [email protected] www.iapf.ie/MemberServices Follow us: @iapf_info

IAPF YEARBOOK 2019 39 IAPF REPRESENTATION

IAPF REPRESENTATION

We represent our members’ interests at all levels by engaging “We seek to with the Government, opposition parties, the Pensions Authority, the influence the future Revenue Commissioners and other direction of pensions relevant agencies and organisations. We actively publicise issues through in Ireland for our the media. In 2018 we engaged members and to with, amongst others: strive for a secure, —— Department of Finance —— Department of Employment fair and simple Affairs and Social Protection pensions system” —— Pensions Authority —— Central Bank —— OECD —— LIA —— ICTU —— Insurance Ireland —— ECB —— Sustainable Nation Ireland —— CSO —— Law Society —— EIOPA —— American Chamber of —— Political Parties Commerce Ireland —— Society of Actuaries in Ireland —— Corporate Governance Association of Ireland —— Sustainable & Responsible Investment Forum (SIF) Ireland

We continue to engage with the media in highlighting issues and providing input on articles, discussions and interviews in relation to the design, funding and tax treatment of pension schemes.

40 IAPF YEARBOOK 2019 IAPF REPRESENTATION

EUROPEAN UPDATE

IAPF REPRESENTATIVE: JERRY MORIARTY

The IAPF represents your interests at European level directly and 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 Chairperson on the Board of PensionsEurope and also chairs the DC Committee and Brexit Working Group. Jerry was also recently appointed to the European Insurance and Occupational Pensions Authority’s Stakeholder Group.

Much of our legislation originates PensionsEurope represents national in Europe and among the issues associations of pension funds and being worked on in 2018 were Brexit, similar institutions for workplace EIOPA’s work on a pan-European and other funded pensions. DC Framework, EMIR, the EU’s Capital Markets Union and Financial PensionsEurope has 23 member Transaction Tax, the implementation associations in 18 EU Member of the IORP II Directive, the States and 3 other European European Commission’s work on countries. a Pan-European Personal Pension produce and ESG issues. PensionsEurope member organisations cover different There was also a lot of work during types of workplace pensions the year on the new reporting for over 110 million people. requirements being introduced by Through its Member Associations both the European Central Bank PensionsEurope represents more and EIOPA in 2019. Through our than €4 trillion of assets managed involvement with PensionsEurope, for future pension payments. and directly, we were able to ensure that the impact of these requirements PensionsEurope also has will take into account the nature 30 Corporate and Supporter of the Irish pensions sector and Members which are various service significant changes were made to the providers and stakeholders that original proposals. work with IORPs. IAPF YEARBOOK 2019 41 COMMUNICATION

COMMUNICATION

MEDIA

Through interviews and writing articles, the IAPF continues to be a respected source of pension expertise. We are regularly approached to comment on changes in legislation and proposed directions of the future of pension provision in Ireland. Covering local and national print and radio, interviews can be found on our website, alongside our press releases. Log on to www.iapf.ie/ WWW.IAPF.IE news for further reading. The IAPF remains one of the best IRISH PENSIONS online resources for the Irish MAGAZINE pensions community. Members have access to news and press Irish Pensions Magazine is a releases, an extensive information quarterly publication for IAPF library, trustee guidelines, this members. Providing editorial Yearbook and other publications. comment and topical articles to the Much of the information on the industry, we deliver an informed website is restricted to the member- and interesting seasonal snapshot only area in order to be an exclusive of Irish Pensions. Circulated benefit of membership. to all members and kindred By issuing press releases, authoring organisations, it is the ideal articles, providing interviews medium for services providers and commentary for television, to promote their products to our print media and national and local extensive membership of Trustees, radio, we engage with the media Pension Managers, Finance to represent our members. This Directors, Practitioners and can be on specific issues or HR Directors. providing general input. Copies of press releases and links to appearances are available in the Newsroom section of the IAPF website www.iapf.ie/News

42 IAPF YEARBOOK 2019 COMMUNICATION

MEDIA COVERAGE FOR 2018

These are some of the media outlets the IAPF received Press Coverage in over the course of the year.

“The pensions community has been crying out for a simplification of pension and tax rules for some time. There are currently too many rules which confuse and frustrate those attempting to save for retirement,”

Jerry Moriarty Irish Examiner, 01 March 2018

SOCIAL MEDIA

Connect with us and keep up to date with all that is happening at the IAPF.

Join us: www.linkedin.com Follow us: @iapf_info

IAPF YEARBOOK 2019 43 SUBMISSIONS AND SURVEYS

SUBMISSIONS AND SURVEYS

We regularly make submissions to DEFINED BENEFIT key bodies such as the Department SURVEY 2018 of Employment Affairs and Social Protection, Department of Finance —— Approximately 74% of and the Pensions Authority. Copies participating companies have are available at www.iapf.ie legacy DB arrangements in place which are closed to new PENSION FUND members, with half of these INVESTMENT being closed to future accrual —— 44% of schemes have over 1000 SURVEY 2017 members, with 48% of schemes having less than 500 members —— The value of Irish pension savings grew to €147.6bn, a rise —— Almost one third of schemes of around €20 billion have assets in excess of €500m —— This is the highest level of —— Smaller schemes would appear pension assets recorded. Pension to be matching their pensioner savings had fallen to €63.5 liabilities to a greater extent than billion at the end of 2008 and larger schemes have now more than doubled in —— Defined contribution the intervening period schemes continue to be the —— Savings in Defined Benefit overwhelming choice for a schemes amount to just over €91 replacement scheme on the billion with those in Defined closure of a DB plan Contribution schemes totalling —— Level/fixed rate or matching over €56 billion contributions are the most —— Defined Benefit savings common DC contribution rate represent 61.8%, while Defined structures Contribution savings represent —— More than 60% of replacement 38.2% of total assets DC schemes had a minimum —— Almost €20 billion of Defined employer contribution rate of Benefit assets are now invested 6% or greater and maximum in alternative asset classes employer contribution rates exceed 10% in 50% of cases —— Approximately 40% of schemes provide higher employer contribution rates for former DB members in DC schemes 44 IAPF YEARBOOK 2019 SUBMISSIONS AND SURVEYS

—— DC default investment strategies October 2018 are now using a variety of The Pensions Authority on Pension different glidepaths at retirement Reform Consultation on Pensions —— 63% of schemes surveyed have on the Regulation of Defined de-risked their investment Contribution Master Trusts strategy The IAPF responded to this paper detailing an opinion of the —— ETV exercises are becoming consolidation of current Master more common with almost a Trust schemes, the role a Trustee third of schemes having already could play in multiple schemes implemented these or likely to and access to capital. do so —— Over 50% of schemes who pay October 2018 discretionary pension increases IDPRTG’ s Consultation on have not awarded any increases Supplementary Pensions Reform for over 8 years Under the umbrella of the Department of Finance, the The Department of Employment Interdepartmental Pensions Affairs and Social Protection Reform and Taxation Group issued their “Roadmap for Pensions issued a Consultation-Paper on Supplementary Pensions Reform. Reform 2018-2023” in the snow of The IAPF’s response included points Spring 2018. A number of other on simplification, ARFs, pension consultations were issued as a savings vehicles. result. The IAPF reached out to members asking for comments, November 2018 which formed the basis of our Consultation Paper: A summary responses. All submission are of the Automatic Enrolment (AE) available from our website proposal for employees into a on: www.iapf.ie/Publications/ retirement savings system Submissions As well as considering members’ inputs, each Committee examined the Roadmap in detail and submitted December 2017 suggestions. There were brought The Pensions Authority on together by Council to form our Pension Consultation on Key submission. This included our views Function Holders on the correct establishment of a Each of the Authority’s twenty Central Processing Authority (CPA), questions were answered in the the use of commercial providers, the IAPF submission. proposed thresholds and timeframes for workers being accepted into automatic enrolment and its interaction with current schemes.

IAPF YEARBOOK 2019 45 RESEARCH

RESEARCH

The following are available for IAPF GUIDELINES download from the IAPF website - www.iapf.ie We have produced a number of guidelines that will help IAPF GUIDES our members administer their schemes. Each committee aims to publish —— Management of Deferred new guides and review old ones Members that will assist our members in —— Conflicts of Interest on managing their pension scheme. Trustee Boards —— DC Guidelines – Members, —— Early AVC Access Q&A Trustees and Employers —— Pension Levy —— DC Pension Scheme Risk —— Infrastructure Investment Register —— Trustee Training Log —— IAPF Defined Contribution —— Trustee Conflicts of Interest Log Guide – Planning for Retirement —— Statement of Reasonable —— Trustee Governance Projection – Requirements —— IAPF Defined Contribution —— Made Simple Articles Investment Guidelines – for Trustees Guidance on Compliance —— Wind Up Checklist —— IAPF Defined Benefit —— IAPF Investment Guidelines Investment Guidelines – —— Keeping in Contact Guidance on Compliance with Members —— Investment Topics —— Investment Guidelines

IAPF InvestmentGuidelines

Defined Contribution

Guidance on compliance

January 2010

46 IAPF YEARBOOK 2019 RESEARCH

IAPF INVESTMENT TOPICS

Your Investment Committee has produced a number of short guides on specific investment topics that should be useful to Trustees, in particular, in discussions with their advisors.

—— Fiduciary Management —— Custody —— Alternative Investments —— Matrix of Pension Fund Risks —— Currency Hedging —— ESG Investing —— Smart Beta —— Illiquid Assets —— Investing Post Retirement —— Investing in a Low Yield Environment —— Consequences of Excessive Prudence —— Diversified Growth Funds —— The Impact of the passive- active decision

IAPF YEARBOOK 2019 47 EVENTS

EVENTS

EVENTS IAPF KEY DATES FOR 2019 The IAPF produces the largest educational programme of pension related events in Ireland. Through 28 FEB IAPF Annual Dinner a diverse set of events such as Conferences, Breakfast Briefings, 28 MAR IAPF Investment Trustee Networks and Social Events, Conference Members can come together to 11 APR IAPF Annual Golf share their knowledge and expertise Outing and network with their peers. 30 MAY IAPF DC Conference

03 OCT IAPF Benefits Conference

28 NOV IAPF Governance Conference

*Dates are subject to change

48 IAPF YEARBOOK 2019 EVENTS

THANK YOU TO OUR 2018 SPONSORS

IAPF YEARBOOK 2019 49 EVENTS

IAPF GOVERNANCE CONFERENCE

30 November 2017 Printworks, Dublin Castle 203 Attendees CPD: 4 Hours Sponsored by Trustee Decisions and Schroders

2017 Topics —— When Governance goes wrong... —— ESG – Why is it important and how does it make a difference? —— What’s coming next? The things trustees should be worrying about —— CMA review of investment consultancy and fiduciary management services

Feedback “As a Trustee I found this conference extremely on point. Not only did it scare me a little it also gave very good practical applications. Well done!” “Always useful to hear from the Regulator” “Excellent venue, excellent facilities” “Clear and useful”

Sponsored by:

50 IAPF YEARBOOK 2019 EVENTS

IAPF INVESTMENT CONFERENCE “INVESTING FOR THE FUTURE”

22 March 2018 Printworks, Dublin Castle 242 Attendees CPD: 4 Hours Sponsored by Aberdeen Standard Investments

2018 Topics —— Behavioural Economics & Pensions: Some Experimental Investigations —— Getting the DC Default Strategy right —— ESG – What is it? How does it impact trustees? —— Evolution & Growth in ESG Investment —— The Best Strategies for the Worst Crises

Feedback “Pete Lunn was excellent” “Overall - very good conference” “IAPF provides a superb service to members and trustees” “Well Done!”

Sponsored by:

IAPF YEARBOOK 2019 51 EVENTS

IAPF DC CONFERENCE

03 May 2018 Printworks, Dublin Castle 258 Attendees CPD: 4 Hours Sponsored by New Ireland Assurance

2018 Topics —— The Roadmap for Pensions Reform - An Overview —— Towards a New Pensions Settlement: The International Experience —— Customer Centricity in Pensions —— GDPR and Pensions —— A New Approach to Drawdown on Group DC Pensions —— The Need to Prepare: Pension Policy and Adequate Income in Older Age —— How Can We Change DC Retirement?

Feedback “GDPR: Tough topic to keep interesting but presented well” “Age Action was very appropriate” “Paul Duignan excellent!” “Very good event this year - with pertinent discussion topics. Really enjoyed it”

Sponsored by:

52 IAPF YEARBOOK 2019 EVENTS

IAPF BENEFITS CONERENCE

02 October 2018 Convention Centre Dublin (The CCD) 287 Attendees CPD: 4 Hours Sponsored by J.P.Morgan Asset Management

2018 Topics —— What is coming next? What Trustees should be planning for.... —— A New Approach to Supervision —— What does it all mean? Panel Discussion —— New ECB Statistical Reporting Requirements —— The Future of Fixed Income is anything but Fixed —— How can Trustees become “Qualified”?

Feedback “Good mix of relevant topics” “Panel discussion was a good session, good questions & lively” “All presenters performed very well in Q&A sessions” “Good balance of speakers/topics” “Excellent well organised”

Sponsored by:

IAPF YEARBOOK 2019 53 THE PENSIONS QUALITY STANDARD (PQS)

home pay. This is despite the fact that many employers dedicate significant time and resources to communicating the benefits of the DC pension they offer.

The IAPF promotes improved communication. If members do not understand or act appropriately PENSIONS at an early stage in their working lives this may result in unfulfilled pension expectations and extended QUALITY working lives. As a result, the IAPF believes that appropriate education STANDARD and information must be provided to ensure the reasonableness of The DC Committee worked member expectations. throughout 2018 to renew the PQS Awards. Previously we awarded While it is recognised that the “PQS and “PQS with Merit”. responsibility for providing this This will now be “PQS”, “PQS is shared by the State, employers, Merit” and “PQS Merit Plus” trustees, pension professionals, with the availability for Master representatives and individual Trusts to prove that participating members themselves, the IAPF schemes will meet governance and want to recognise those pension communications standards. schemes that attain a certain standard which reflects qualitative As Defined Contribution (DC) contribution, communication pension provision becomes and governance strategies for DC increasingly widespread there is Schemes. a growing need for individuals to develop a better understanding of The IAPF DC PQS offers key DC pensions, especially of the DC stakeholders in a DC scheme a pension offered by their employer. number of advantages:

Too often, employees have only —— The opportunity to promote the a vague idea of how much they scheme/employer to potential need to save and the amount their and existing employees. employer is willing to contribute. —— An additional tool to retain Moreover, many employers say or achieve a competitive edge that their employees have a poor against similar employers. understanding of the pension —— A means to help promote offered and tend to value pension better awareness of pension contributions less than take saving amongst employees and potential employees. 54 IAPF YEARBOOK 2019 THE PENSIONS QUALITY STANDARD (PQS)

—— An extra way of building and with the relevant PQS standard, enhancing the company’s the scheme will be provided with a reputation with the public certificate endorsing its attainment and consumers. of the PQS and this can be used on relevant employee communications An employer with or trustees of a and pension’s literature, including DC scheme can apply for the PQS job advertisements etc. The award provided the scheme meets a set will be valid for three years and of core standards. Eligibility for subject to reassessment at least the PQS is based on the pension every three years after initial scheme itself – not on the average accreditation. Further details can pension provision of the employer. be obtained from www.iapf.ie/PQS Once a scheme has been accredited

AWARD NON CONTRIBUTORY CONTRIBUTORY SCHEME STANDARD SCHEME

Minimum Minimum Minimum Employer Employer Employee contribution contribution contribution

20% or 15% 5%

15% or 10% 5%

10% or 6% 4%

MASTER TRUST SCHEMES / PROVIDERS

The Pension Quality Standard Ready (PQSR) is the standard that has been designed for Master Trusts. To qualify for PQSR, a Master Trust needs to meet the PQSR standards on governance and communications. Participating schemes within a Master Trust with the PQSR are eligible for the normal PQS depending on their level of contributions. IAPF YEARBOOK 2019 55 THE PENSIONS QUALITY STANDARD (PQS)

PQS AND PQS WITH MERIT RECIPIENTS

56 IAPF YEARBOOK 2019 THE PENSIONS QUALITY STANDARD (PQS)

PQS READY MASTER TRUSTS

IAPF YEARBOOK 2019 57

Section 3 MEMBERSHIP DIRECTORY We are the Pension & Investment Consultants

*Corporate Pensions Consulting

*Benefits Administration

*Actuarial & Investment Consulting

Dublin tel +353 1 294 7600 www.invesco.ie Cork tel +353 21 480 8041 [email protected]

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 A&L Goodbody is internationally Benefits Scheme recognised as one of Ireland’s leading law AA Ireland is Ireland’s largest motoring firms delivering the full range of corporate services organisation providing roadside legal services. With 88 partners and a staff assistance, legal and technical services of over 700, we are an “all-island” law firm, and travel services to its customers. It is an with offices in Dublin and Belfast. We also insurance intermediary providing motor, have a strong international presence with home and life insurance products. The AA offices in London, New York, San Francisco is also active in other areas such as hotel and Palo Alto. grading, travel and traffic information, motor industry consultancy services and Our Pensions group is a market leader and garage inspections. It was established in is one of the largest pensions practices in Ireland in 1910 as a mutual association. Ireland. Our specialist team advises Irish, international, private and public sector Address clients on every aspect of occupational 61a South William Street pension schemes and personal pension Dublin 2 arrangements ranging from routine day Ireland to day scheme matters to the most high Tel: +353 1 6179411 profile and complex Irish pensions matters. Contacts Address Member Rep: Yvonne Smith IFSC HR: Yvonne Smith North Wall Quay Providers Dublin D01 H104 Investment Consultant: Lane Ireland Clark & Peacock Tel: +353 1 6492000 Auditor: RSM Ireland www.algoodbody.com Solicitors: A&L Goodbody Categories Administrator: Zurich Irish Pension Scheme: Yes Numbers DB/DC: Multi Deferred Pensioners: 23 Contributory/Non-Contributory: Active Members: 141 Contributory Total Scheme Members: 164 Fund Range: 26-100M Categories Have Member Trustees: No Integrated with State Scheme: No Corporate/Individual Tr/Both: Irish Pension Scheme: Yes Corporate Body Self Administered Scheme: No DB/DC: Defined Contribution Contributory/Non-Contributory: Contributory Fund Range: 0-25M Corporate/Individual Tr/Both: Corporate Body

IAPF YEARBOOK 2019 61 A

Abbey Capital Limited AbbVie (“Abbey Capital”) A high Volume Solid Dosage Abbey Capital is an alternative pharmaceutical manufacturing investment fund manager (“AIFM”) company with an efficient and effective focused on managed futures and foreign workforce with a passionate and proven exchange. Founded in 2000, Dublin– ability to adapt to customer requirements based Abbey Capital allocates to the with a compliant yet agile approach. Commodity Trading Advisor (CTA) Work methods and processes dedicated sector through its multi-manager funds to delivering perfect execution of utilising managed accounts. commercial manufacture and advancing the pipeline, ensuring remarkable impact Abbey Capital is a private company for our patients. limited by shares incorporated in Ireland (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 with the Ireland Commodity Futures Trading Commission Tel: +353 21 4881401 (“CFTC”), is a member of the National www.abbvie.com Futures Association (“NFA”), and is Contacts registered as an Investment Advisor with Member Rep: Pauline Morrison the Securities Exchange Commission Trustee(s): Mairead Bowden, Mairead (“SEC”). The SEC does not endorse, Dunne, Pauline Morrison indemnify, or guarantee the member’s HR: Pauline Morrison business practices, selling methods, the Finance: Mairead Bowden class or type of securities offered, or any Providers specific security. Auditor: EY Solicitors: Matheson Address Administrator: Aon 1 - 2 Cavendish Row Investment Manager: ILIM, HRMSL Dublin 1 Ireland Numbers Tel: +353 1 8280400 Total Number of Employees: 139 www.abbeycapital.com Deferred Pensioners: 99 Pensioners: 1 Contacts Active Members: 110 Member Rep: Aodhagán Hurley Total Scheme Members: 210 Numbers Categories Total Number of Employees: 60 Irish Pension Scheme: Yes Self Administered Scheme: Yes DB/DC: Defined Contribution Contributory/Non-Contributory: Contributory Size of Fund: €7,387,119 Fund Range: 0-25M Have Member Trustees: Yes Corporate/Individual Tr/Both: Corporate Body

62 IAPF YEARBOOK 2019 A

Aberdeen Standard Investments Accenture Accenture plc is a multinational management consulting, technology services, and outsourcing company. Its incorporated headquarters have been in Dublin, Ireland since September 1, 2009. Aberdeen Standard Investments is a It is the world’s largest consulting firm as leading global asset manager dedicated measured by revenues and is a Fortune to creating long-term value for clients. Global 500 company. To achieve this, we offer a comprehensive As of 2017, the company reported net range of investment capabilities, as well as revenues of $34.9 billion with over 425,000 the highest levels of service. employees, serving clients in more than Overall, we manage £583 billion* on 200 cities in 120 countries. More than behalf of clients in 80 countries. In three-quarters of the Fortune Global 500 managing these assets, we employ over and 98 of our top 100 clients have worked 1,000 investment professionals and provide with us for over 10 years. client support from 50 client relationship offices globally. Address 1 Grand Canal Square The Aberdeen Standard Investments brand Grand Canal Dock was created in connection with the merger Dublin D02 FF61 of Aberdeen Asset Management PLC and Ireland Standard Life Plc on 14 August 2017 to Tel: +353 1 646200 form Standard Life Aberdeen plc. www.accenture.com Contacts *Standard Life AUM/AUA data as at 30 Member Rep: Maria Beaton June 2017, Aberdeen Asset Management AUM data as at 31 March 2017, all other Providers data as at 30 June 2017. Investment Consultant: Willis Towers Watson Address Accountant: KPMG 2-4 Merrion Row Solicitors: Arthur Cox Dublin D02 YN56 Administrator: Willis Towers Watson Ireland Numbers Tel: +353 1 5010900 Total Number of Employees: 3800 www.aberdeenstandard.com Deferred Pensioners: 1050 Contacts Active Members: 1582 Member Rep: Liam Stack Total Scheme Members: 2632 Trustee(s): Liam Stack Categories Business Development Mgr: Ken Tooze DB/DC: Defined Contribution Director: Jennifer Richards Contributory/Non-Contributory: Contributory Size of Fund: €162,000,000 Fund Range: 101-250M Segregated/Unitised and Insured: Unitised Corporate/Individual Tr/Both: Corporate Body

IAPF YEARBOOK 2019 63 A

Accuro Retirement Funding Acumen & Trust

Address Acumen & Trust provide full services Brook House, Unit C4 administration, consultancy, investment Donnybrook Commercial Centre and trusteeship services to DB, DC and Douglas SSAPS schemes throughout Ireland. Our Cork Financial Planning colleagues provide Ireland personalised advice to individual members Tel: +353 21 4350806 at each step of their journey, most www.accuro.ie importantly at retirement. Contacts Address Member Rep: Clodagh Sheehan 4 & 5, The Avenue Numbers Beacon Court Total Number of Employees: 3 Sandyford Active Members: 1 Dublin 18 Total Scheme Members: 1 Ireland Tel: +353 1 2936500 www.acumenandtrust.com ACT Venture Capital Ltd Contacts Address Member Rep: Ciaran Martin 6 Richview Office Park Director: Ciaran Martin Clonskeagh Numbers Dublin 14 Total Number of Employees: 48 Ireland Deferred Pensioners: 6 Tel: +353 1 2600966 Active Members: 38 Numbers Total Scheme Members: 44 Total Number of Employees: 10 Categories Active Members: 10 Integrated with State Scheme: No Total Scheme Members: 10 Irish Pension Scheme: Yes Categories Self Administered Scheme: No Integrated with State Scheme: No DB/DC: Defined Contribution Irish Pension Scheme: Yes Contributory/Non-Contributory: Self Administered Scheme: No Contributory DB/DC: Defined Contribution Fund Range: 0-25M Contributory/Non-Contributory: Both Fund Range: 0-25M Segregated/Unitised and Insured: Insured Have Member Trustees: Yes Corporate/Individual Tr/Both: Both

64 IAPF YEARBOOK 2019 A

Acuvest Limited Aer Lingus

Address Dublin Airport Dublin Ireland Tel: +353 1 8862570 Acuvest provides independent pensions www.aerlingus.com advice and investment management services to a range of public and private Contacts sector organisations in Ireland. Since Member Rep: Dermot Roarty 2003 it has worked with some of the Numbers biggest pension schemes and currently Total Number of Employees: 4000 provides services to over 10 per cent of Categories private sector workers who hold a Defined Irish Pension Scheme: Yes Contribution pension. DB/DC: Multi Size of Fund: €3,000,000,000 Privately owned it employs a team of highly Fund Range: > 500M experienced finance and communications Segregated/Unitised and Insured: professionals in its Dublin offices with Segregated, Unitised external perspectives acquired through its Have Member Trustees: Yes Innovation Group consisting of some of Corporate/Individual Tr/Both: Both Ireland’s most senior business people from across a diverse range of industries.

Clients choose us because: AIG Europe Ltd

• We are completely independent of product Providers and other third parties • We avoid biased decisions • Our advice is focused on what is right for you and your employees • We save you time by helping you focus Non-life insurance on the right questions and providing constant oversight Address • We make your company pension 30 North Wall Quay scheme work harder for less IFSC Address Dublin 1 67 Merrion Square South Ireland Dublin 2 Tel: +353 1 2081400 D02 CK11 www.aig.ie Ireland Contacts Tel: +353 1 6344510 Member Rep: Owen Kelly www.acuvest.ie Trustee(s): Marie Griffin, Andrew Moore Contacts Finance: Owen Kelly Member Rep: John Tuohy CEO/Managing Director: John Tuohy Investment: Rebekah Brady, Damian Cooper

IAPF YEARBOOK 2019 65 A

Providers Numbers Independent Trustee: Total Number of Employees: 46 Independent Trustee Co. Ltd Deferred Pensioners: 21 Auditor: PwC Active Members: 46 Administrator: Willis Towers Watson Total Scheme Members: 67 Investment Manager: Zurich Categories Numbers Integrated with State Scheme: No Total Number of Employees: 380 Irish Pension Scheme: Yes Deferred Pensioners: 300 Self Administered Scheme: No Pensioners: 10 DB/DC: Defined Contribution Active Members: 380 Contributory/Non-Contributory: Non Total Scheme Members: 690 Contributory Categories Fund Range: 0-25M Irish Pension Scheme: Yes Have Member Trustees: Yes DB/DC: Multi Corporate/Individual Tr/Both: Contributory/Non-Contributory: Both Corporate Body Size of Fund: €70,000,000 Fund Range: 26-100M Segregated/Unitised and Insured: Unitised Alan Broxson Have Member Trustees: Yes Independent Trustee Corporate/Individual Tr/Both: Both DB & DC Expert Witness

Airbus Financial Services Ltd Address 192 Ardmore Park Address Bray 5th Floor Co Wicklow A98 CK61 6 George’s Dock Ireland IFSC Tel: +353 87 2229138 Dublin 1 Ireland Contacts Tel: +353 1 7905514 Member Rep: Alan Broxson Trustee(s): Alan Broxson Contacts Member Rep: Trevor Lydon Trustee(s): Liz Barry, Trevor Lydon Director: Trevor Lydon Finance: Trevor Lydon Providers Investment Manager: Irish Life Solicitors: Mason Hayes & Curran Accountant: In House Investment Consultant: Lane Clark & Peacock Auditor: KPMG Administrator: APT Workplace Pensions

66 IAPF YEARBOOK 2019 A

Alder Capital DAC Allergan Pharmaceuticals Ireland

Alder Capital is a systematic investment Address manager established in 2000. Alder applies Castlebar Road a rigorous quantitative research process Westport to identify persistent profit opportunities Co Mayo in liquid financial markets. Alder’s Ireland investment process is built around its Tel: +353 98 25222 proprietary approach to risk forecasting; www.allergan.ie this risk management approach is applied Contacts to both of the two core strategies that Member Rep: Ed Rose invest in currency and equity markets. Trustee(s): Siobhan Camplisson Alder Capital’s proprietary approach has HR: Ed Rose provided institutional clients with access to diversified, risk management and liquid Numbers strategies for more than eighteen years. Total Number of Employees: 971 Deferred Pensioners: 1184 Address Pensioners: 112 Behan House Active Members: 971 10 Mount Street Lower Total Scheme Members: 2267 Dublin D02 HT71 Categories Ireland Irish Pension Scheme: Yes Tel: +353 1 6147232 DB/DC: Multi www.aldercapital.com Contributory/Non-Contributory: Both Contacts Fund Range: 0-25M Member Rep: Brian Flanagan CAIA Corporate/Individual Tr/Both: Both Numbers Total Number of Employees: 10 Deferred Pensioners: 4 Active Members: 10 Total Scheme Members: 14 Categories Integrated with State Scheme: No Irish Pension Scheme: Yes Self Administered Scheme: No DB/DC: Defined Contribution Contributory/Non-Contributory: Contributory Fund Range: 0-25M Have Member Trustees: No Corporate/Individual Tr/Both: Both

IAPF YEARBOOK 2019 67 A

AllianceBernstein Allianz Group Pension Scheme

Address Allianz House Elmpark Merrion Road Dublin 4 Ireland Tel: +353 1 6133000 www.allianz.ie AllianceBernstein is a leading investment- Contacts management firm with €453 billion Member Rep: Ursula Murphy in client assets under management, as Trustee(s): Audrey Benson, Ciaran Black, of June 30, 2017. We provide forward- Kevin Collins, Marie Corry, Gertie Daly, looking perspective, independent research Avril Doyle, Daniel Manahan, Ursula and investment discipline across asset Murphy classes, from equities and fixed income Finance: Marie Corry to alternatives and multi-asset portfolios. Our worldwide clients—including Providers institutional, high-net-worth and retail Investment Manager: ILIM, PIMCO, Stone investors—face new investment challenges Harbour, Permal Group, Invesco Asset and opportunities every day. Through our Management Limited unique combination of expertise, research Solicitors: Arthur Cox, Sacker & Partners and global reach, we apply collective Accountant: Mercer insights and leverage our extensive global Custodian: Northern Trust footprint to help keep our clients at the Actuary: Mercer forefront of change. Investment Consultant: Mercer Auditor: KPMG Address Administrator: Mercer 50 Berkeley Street Numbers London W1J 8HA Deferred Pensioners: 570 United Kingdom Pensioners: 412 Tel: +44 207 9594948 Active Members: 450 www.abglobal.com/institutional Total Scheme Members: 1432 Categories Integrated with State Scheme: Yes Irish Pension Scheme: Yes Self Administered Scheme: No DB/DC: Multi Contributory/Non-Contributory: Both Fund Range: 251-500M Segregated/Unitised and Insured: Segregated, Unitised Have Member Trustees: Yes Corporate/Individual Tr/Both: Individual Trustee

68 IAPF YEARBOOK 2019 A

Allied Irish Banks plc ALPS Electric (Ireland) Limited

Address Clara Road Millstreet Town Cork P51 XC56 Ireland Tel: +353 29 30275 www.alps.ie

International bank with retail and Contacts commercial operations in the Republic of Member Rep: Noreen Dineen Ireland, Northern Ireland, Great Britain Trustee(s): Noreen Dineen and the United States of America. Capital Numbers market operations worldwide. Total Number of Employees: 450 Deferred Pensioners: 58 Address Active Members: 168 Bankcentre Total Scheme Members: 226 Ballsbridge Categories Dublin 4 Irish Pension Scheme: Yes Ireland Self Administered Scheme: Yes Tel: +353 1 6600311 DB/DC: Defined Contribution www.aib.ie Contributory/Non-Contributory: Contacts Contributory Member Rep: Keith Gore Fund Range: 0-25M Pension Managers: Tony Doyle, Keith Gore Have Member Trustees: Yes Providers Custodian: BNY Mellon Asset Servicing Actuary: Mercer Amundi Asset Management Solicitors: McCann FitzGerald Administrator: Aon Numbers Total Number of Employees: 10000 Deferred Pensioners: 5000 Pensioners: 4000 Active Members: 10000 Total Scheme Members: 19000 Amundi is Europe’s largest asset manager by AUM and ranks in the top 10 globally(1). Categories It manages over €1.46 trillion(2) of assets Integrated with State Scheme: Yes across six main investment hubs, of which Irish Pension Scheme: Yes Dublin is one. Amundi offers its clients a Self Administered Scheme: Yes wealth of market expertise and a full range DB/DC: Multi of capabilities across the active, passive Contributory/Non-Contributory: Both and real assets investment universes. Size of Fund: €5,000,000,000 Headquartered in Paris, Amundi is the Fund Range: > 500M 1st asset manager in Europe by market Segregated/Unitised and Insured: capitalization(3). Segregated Have Member Trustees: Yes Corporate/Individual Tr/Both: Corporate Body

IAPF YEARBOOK 2019 69 A

Thanks to its unique research capabilities An Post Superannuation Schemes and the skills of close to 4,500 team members and market experts based in 37 Address countries, Amundi provides institutional General Post Office and corporate clients with innovative O’Connell Street investment strategies and solutions tailored Dublin DO1 F5P2 to their needs, targeted outcomes and risk Ireland profiles. Tel: +353 1 7057258 www.anpost.ie (1) Source IPE “Top 400 asset managers” Contacts published in June 2018 and based on AUM Member Rep: Fergal Booth as of end December 2017. Trustee(s): Patrick Gallagher, Anthony (2) Source Amundi as of June 30, 2018. Harmon, Patrick Knight, Brian McCormick, Sean McDonagh, Niall Phelan (3) As of June 30, 2018. Numbers Deferred Pensioners: 2776 Members Address Pensioners: 5789 1 Georges Quay Plaza Active Members: 8978 Dublin 2 Categories Ireland Integrated with State Scheme: Yes Tel: +353 1 4802000 Irish Pension Scheme: Yes www.amundi.com Self Administered Scheme: Yes Contacts DB/DC: Defined Benefit Member Rep: Michael Curran Contributory/Non-Contributory: Both Providers Size of Fund: €2,971,905,000 Investment Consultant: Mercer Fund Range: > 500M Investment Manager: Amundi Asset Segregated/Unitised and Insured: Management, State Street Global Advisors, Segregated Irish Life Investment Managers, JPMorgan, Have Member Trustees: Yes Insight Investment Corporate/Individual Tr/Both: Numbers Individual Trustee Total Number of Employees: 394 Deferred Pensioners: 481 Active Members: 390 Total Scheme Members: 871 Categories Integrated with State Scheme: No Irish Pension Scheme: Yes Self Administered Scheme: No DB/DC: Defined Contribution Contributory/Non-Contributory: Contributory Size of Fund: €86,870,000 Fund Range: 26-100M Segregated/Unitised and Insured: Unitised Have Member Trustees: Yes Corporate/Individual Tr/Both: Individual Trustee

70 IAPF YEARBOOK 2019 A

Analog Devices International Aon Analog Devices International is a US Multinational company specialising in the design and manufacture of integrated circuits. Analog Devices was set up in Ireland in 1976 with full manufacturing, R+D and Marketing operations. The company exports 100% of the product. There are approx. 1100 Aon is a specialist firm of HR, Actuarial, employees at its Limerick facility and Investment and Benefit Consultants with another 80 based in Cork. offices in Dublin and Cork. Our Client Service is exceptional and is delivered by Address our committed and proactive staff with the Raheen Business Park support of leading edge technology. Limerick Ireland Address Tel: +353 61 229011 Block D Contacts Iveagh Court Member Rep: Jim O’Donoghue Harcourt Road Numbers Dublin 2 Total Number of Employees: 1200 Ireland Active Members: 1200 Tel: +353 1 4189130 Total Scheme Members: 2500 www.aon.com Categories Contacts Irish Pension Scheme: Yes Member Rep: Martin Condon Self Administered Scheme: No Trustee(s): Frances Kehoe DB/DC: Defined Contribution CEO/Managing Director: Rachael Ingle Contributory/Non-Contributory: Contributory Have Member Trustees: Yes Appian Asset Management Corporate/Individual Tr/Both: Both

Anne Maher

Address 4 Greenfield Crescent Dublin D04 VON2 Founded in 2003, Appian Asset Ireland Management is an Irish owned Tel: +353 1 2691799 independent asset manager offering Contacts investment services to high net worth Member Rep: Anne Maher individuals, occupational and self- administered pension funds, charities Categories and affinity groups. We aim to deliver Contributory/Non-Contributory: Both sustainable, risk adjusted, returns Fund Range: > 500M over time. Corporate/Individual Tr/Both: Both

IAPF YEARBOOK 2019 71 A

Put simply we preserve and grow our - APT Online and our award-winning clients’ capital through a conservative communications services. investment strategy, based on our clients’ individual requirements. The APT Master Trust eases the burden of governance and compliance for your In our multi-asset funds, we take a defined contribution scheme by passing conservative attitude to risk across all the complete regulatory responsibility to asset classes, namely cash, equities, bonds, the Master Trust Trustee. Better value is property, alternatives and commodities. achieved for members by the economies of scale associated with larger groups. Our equity portfolios consist of concentrated high conviction stocks with Address solid quality characteristics. Apex Business Centre Blackthorn Road, Sandyford Address Dublin 18 42 Fitzwilliam Place Ireland Dublin 2 Tel: +353 1 2063010 Ireland www.aptworkplacepensions.com Tel: +353 1 6623001 Contacts www.appianasset.ie Member Rep: Peter Griffin Contacts Numbers Member Rep: Eugene Kiernan Total Number of Employees: 37 CEO/Managing Director: Patrick Lawless Active Members: 35 Investment: Eugene Kiernan Total Scheme Members: 39 Director: Kevin Menton Categories DB/DC: Defined Contribution APT Workplace Pensions Contributory/Non-Contributory: Contributory Size of Fund: €1,500,000 Fund Range: 0-25M Have Member Trustees: No Corporate/Individual Tr/Both: Individual Trustee

At APT we specialise in the management of workplace pensions. Arachas Our systems and infrastructure are designed to meet the ever-changing needs of our clients. We provide a robust and reliable pensions administration service, to members, trustees and plan sponsors alike. This complemented by our leading- “The Irish for insurance”. Arachas edge tailored investment solutions ensures is Ireland’s leading independently optimal member outcomes at retirement. owned insurance brokerage. We provide Our commitment to heightening truly independent employee benefits employee awareness is demonstrated and financial planning advice to our in our state-of-the-art online facility international, SME and professional

72 IAPF YEARBOOK 2019 A clients through our offices in Dublin, Arnotts DC Pension Fund Cork and Waterford. Address Financial planning for every stage of life. Arnotts 12 Henry Street Address Dublin 1 The Courtyard Ireland Carmanhall Road Tel: +353 1 8050400 Sandyford Business Estate Contacts Dublin D18 X377 Pension Manager: Mark Gernon Ireland Tel: +353 1 2135000 Providers www.arachasfs.ie Investment Manager: Irish Life Contacts Member Rep: Susan Lawless Numbers Total Number of Employees: 525 Deferred Pensioners: 10 Arcadia Group Limited Pensioners: 4 Active Members: 235 Address Total Scheme Members: 249 The Quorum Categories 6th Floor Integrated with State Scheme: No Bond Street South Irish Pension Scheme: Yes Bristol BS1 3AE Self Administered Scheme: No United Kingdom DB/DC: Defined Contribution Tel: +44 117 9420080 Contributory/Non-Contributory: Contacts Contributory Member Rep: Margaret Hannell Segregated/Unitised and Insured: Pension Manager: Margaret Hannell Segregated Providers Have Member Trustees: Yes Actuary: Willis Towers Watson Corporate/Individual Tr/Both: Accountant: PwC Corporate Body Solicitors: McCann FitzGerald Administrator: In House Investment Manager: Irish Life Arthur Cox Numbers Arthur Cox is one of Ireland’s leading Total Number of Employees: 300 and most innovative law firms. Today, Deferred Pensioners: 58 the firm has over 350 lawyers, including Pensioners: 3 almost 100 partners and a total staff of Total Scheme Members: 61 over 750. Arthur Cox is an “all-island” Categories firm, with offices in Dublin and Belfast. Integrated with State Scheme: No The firm also has offices in London, New Irish Pension Scheme: Yes York and Silicon Valley. The firm’s practice Self Administered Scheme: Yes encompasses all aspects of corporate and DB/DC: Defined Benefit business law, providing a comprehensive service to an international client base ranging from established global leaders and multinational organisations to government agencies and statutory bodies,

IAPF YEARBOOK 2019 73 A

banks and financial institutions to new Numbers players in emerging industry sectors. Total Number of Employees: 450 Deferred Pensioners: 140 The firm recently won Ireland Law Firm Active Members: 484 of the Year 2017 at the Chambers Europe Total Scheme Members: 624 Awards and received three awards at the Categories Europe Women in Law Awards 2017. Integrated with State Scheme: Yes Irish Pension Scheme: Yes Address Self Administered Scheme: Yes Ten Earlsfort Terrace DB/DC: Multi Dublin D02 T380 Contributory/Non-Contributory: Ireland Contributory Tel: +353 1 9201000 Size of Fund: €122,451,000 www.arthurcox.com Fund Range: 101-250M Contacts Have Member Trustees: Yes Member Rep: Catherine Austin Corporate/Individual Tr/Both: Both Numbers Total Number of Employees: 800 Aviva Investors Categories Aviva Investors is a global business Irish Pension Scheme: Yes dedicated to building investment Self Administered Scheme: Yes solutions for clients and is wholly DB/DC: Multi owned by Aviva plc, the UK’s largest Contributory/Non-Contributory: insurer and one of Europe’s leading Contributory providers of life and general insurance. Corporate/Individual Tr/Both: We employ more than 1,000 people, Corporate Body including over 300 investment professionals in 15 countries across Asia- Pacific, Europe, the Americas and the Aughinish Alumina Ltd UK and have over €279bn of funds under management. We offer our clients in- Address depth local knowledge and understanding, Aughinish Island while leveraging the strength of our global Askeaton presence and infrastructure. Co Limerick Ireland Address Tel: +353 61 604328 One Park Place Contacts Hatch Street Member Rep: Michael McDermott Dublin 2 Trustee(s): John Geoghegan, Rory Liddane, Ireland Mary Monaghan, John Ryan Tel: +44 207 8096809 HR: Nelius Kennedy www.avivainvestors.ie Finance: Rory Liddane Contacts Providers Member Rep: Rachel Green Solicitors: William Fry Investment: Matthew Graham, Auditor: Deloitte Rachel Green Actuary: Mercer Investment Manager: Mercer, State Street Global Advisors

74 IAPF YEARBOOK 2019 A—BB

Aviva Ireland Staff clear understanding of the issues facing Pension Scheme European pension funds, and proven expertise in building bespoke solutions to We are Ireland’s leading composite meet their evolving needs over the long insurer for life, pensions, general and term. Features of our solution health insurance products. design include:

Address • Effective diversification and risk One Park Place management Hatch Street • Superior returns and yield Dublin 2 enhancement Ireland • Active stewardship and responsible Tel: +353 1 8985574 investment www.aviva.ie • Transparency and cost efficiency Contacts • Strong governance support Trustee(s): Stephen Masterson, Pat From equities, fixed income and real assets McCormack to alternatives and multi-asset, we marry Providers innovation and risk management in a bid Actuary: Willis Towers Watson to deliver long-term, value for clients. Auditor: PwC Solicitors: William Fry Investing together today for a better Investment Manager: Various tomorrow. Categories Irish Pension Scheme: Yes Address DB/DC: Defined Contribution 7 Newgate Street Contributory/Non-Contributory: London EC1A 7NX Contributory United Kingdom Segregated/Unitised and Insured: Insured Tel: +44 207 0031000 Have Member Trustees: Yes www.axa-im.com Corporate/Individual Tr/Both: Both Contacts Member Rep: Mary Zerner Investment: Andrew Douglas, AXA Investment Managers Herschel Pant

Ball Beverage Packaging Ireland Ltd Ball Beverage Packaging Ireland Ltd is a subsidiary of Ball Corp, a multi national AXA Investment Managers is an active, leader in consumer packaging, quoted on long-term, global, multi-asset investor. the London stock exchange. We work with clients today to provide the investment solutions they need to Ball Beverage Packaging Ireland Ltd help build a better tomorrow for their was established in 1978 and has grown investments, while creating a positive successfully since then and moved to a change for the world in which we all live. purpose built plant in 1990. At present Ball Beverage Packaging Ireland Ltd produces Partnering with institutional clients for approximately 28 million aluminium can more than 20 years, we have developed a tops every day, all of which are exported to

IAPF YEARBOOK 2019 75 B the U.K. and mainland Europe. BAM Contractors Ltd

Address Address Industrial Park Kill Cork Road Co Kildare Waterford Ireland Ireland Tel: +353 45 886400 Tel: +353 51 359100 www.bamcontractors.ie www.ball.com Contacts Contacts Member Rep: Adrienne Bryan Member Rep: Tom Brennan Providers Trustee(s): Bernard Brannigan Solicitors: Hussey Finance: Tom Brennan Auditor: PwC Providers Actuary: Aon Investment Manager: Irish Life Investment Investment Manager: State Street Managers Global Advisors Solicitors: Arthur Cox Numbers Accountant: PwC Total Number of Employees: 974 Actuary: Invesco Limited Deferred Pensioners: 307 Independent Trustee: ILP Pension Pensioners: 32 Trustees Ltd Active Members: 422 Auditor: PwC Total Scheme Members: 761 Administrator: Invesco Limited Categories Numbers DB/DC: Defined Benefit Total Number of Employees: 160 Contributory/Non-Contributory: Deferred Pensioners: 68 Contributory Pensioners: 36 Size of Fund: €47,276,254 Active Members: 153 Fund Range: 26-100M Total Scheme Members: 257 Corporate/Individual Tr/Both: Both Categories Integrated with State Scheme: Yes Irish Pension Scheme: Yes Bank of America Merrill Lynch Self Administered Scheme: No International Dublin DB/DC: Multi Bank of America Merrill Lynch is one of Contributory/Non-Contributory: the world’s largest financial institutions, Contributory serving individual consumers, small- Size of Fund: €35,000,000 and middle-market businesses and large Fund Range: 26-100M corporations with a full range of banking, Segregated/Unitised and Insured: Unitised investing, asset management and other Have Member Trustees: Yes financial and risk management products Corporate/Individual Tr/Both: Both and services.

The company’s corporate and investment banking, and sales and trading businesses operate under the Bank of America Merrill Lynch brand. Bank of America Merrill Lynch focuses on middle-market and large corporations, institutional investors,

76 IAPF YEARBOOK 2019 B financial institutions and government Bank of Ireland Group entities. Address It provides innovative services in M&A, 40 Mespil Road equity and debt capital raising, lending, Dublin 4 trading, risk management, research, and Ireland liquidity and payments management. Tel: +353 76 6244735 www.bankofireland.ie Bank of America Merrill Lynch serves clients in more than 150 countries and Contacts has relationships with 99 percent of the Head of Group Pensions: Robert Callaghan U.S. Fortune 500 companies and nearly 96 Providers percent of the Fortune Global 500. Investment Manager: State Street Global Advisors Address Property Adviser: Jones Lang LaSalle Two Park Place Solicitors: A&L Goodbody Hatch Street Accountant: PwC Dublin 2 Custodian: Northern Trust Ireland Actuary: Willis Towers Watson Tel: +353 1 2438500 Auditor: PwC Contacts Administrator: Bank of Ireland Member Rep: Naomi Dey Categories Trustee(s): Ray Balmaine, Niall Casement, Size of Fund: €5,500,000,000 Andrew Hackling, Fiona Mahon, Ailish Fund Range: > 500M Winters Segregated/Unitised and Insured: Unitised Providers Have Member Trustees: Yes Independent Trustee: Trustee Decisions Corporate/Individual Tr/Both: Investment Consultant: Aon Individual Trustee Auditor: Grant Thornton Administrator: Invesco Limited Investment Manager: Irish Life, Barings Standard Life, Schroders, BlackRock, KBI Global Investors Numbers Total Number of Employees: 616 Deferred Pensioners: 523 Active Members: 616 Barings is a $306+ billion global asset Total Scheme Members: 1139 management firm dedicated to meeting the Categories evolving investment and capital needs of Integrated with State Scheme: No our clients. We build lasting partnerships Irish Pension Scheme: Yes that leverage our distinctive expertise Self Administered Scheme: No across traditional and alternative asset DB/DC: Defined Contribution classes to deliver innovative solutions and Contributory/Non-Contributory: Non exceptional service. Contributory Part of MassMutual, Barings maintains Fund Range: 26-100M a strong global presence with over 1,800 Have Member Trustees: Yes associates and offices in 16 countries. Corporate/Individual Tr/Both: Corporate Body Learn more, at www.barings.com

IAPF YEARBOOK 2019 77 B

Address BASF Ireland Limited 61 Aldwych BASF Ireland Limited markets a wide London WC2B 4AE range of BASF products and supplies United Kingdom leading manufacturing industries and the Tel: +44 203 2064500 agricultural sector. Its biggest customers www.barings.com are pharmaceutical and chemical Contacts manufacturers and companies in the Member Rep: Neil Godfrey cosmetics, plastics, nutrition and speciality chemicals sectors.

Barrys Tea Address Ireland’s leading quality tea blenders and Inchera Industrial Estate wholesalers since 1901. Inchera Little Island Address Cork T45 XY62 Kinsale Road Ireland Cork Tel: +44 161 4885470 Ireland www.basf.com Tel: +353 21 4915000 Contacts www.barrystea.ie Member Rep: Alison Wilkins Contacts Pension Manager: Alison Wilkins Member Rep: Aidan Dunlea Trustee(s): Alison Wilkins Managing Director: Tony Barry Numbers Providers Total Number of Employees: 100 Investment Manager: State Street Deferred Pensioners: 38 Global Advisors Active Members: 75 Solicitors: RDJ Total Scheme Members: 113 Accountant: KPMG Categories Actuary: Mercer Irish Pension Scheme: Yes Independent Trustee: IPT DB/DC: Defined Contribution Auditor: KPMG Contributory/Non-Contributory: Administrator: Mercer Contributory Investment Consultant: Mercer Have Member Trustees: Yes Numbers Corporate/Individual Tr/Both: Total Number of Employees: 59 Individual Trustee Pensioners: 3 Active Members: 59 Total Scheme Members: 62 Categories Integrated with State Scheme: Yes Irish Pension Scheme: Yes Self Administered Scheme: No DB/DC: Defined Benefit Segregated/Unitised and Insured: Unitised Corporate/Individual Tr/Both: Corporate Body

78 IAPF YEARBOOK 2019 B

Bausch + Lomb Ireland BearingPoint Ireland Bausch + Lomb is a multinational corporation and world leader in eye care technology.

Address Waterford Industrial Estate Management and Technology Consultants Cork Road Waterford Address Ireland Montague House Tel: +353 51 355001 Adelaide Road www.bausch.com Dublin D02 K039 Ireland Contacts Tel: +353 1 4181111 Member Rep: Paula Giles www.BearingPoint.com Pension Manager: Paula Giles Finance: Mary Kennedy Contacts Member Rep: Kevin O’Reilly Providers CEO/Managing Director: Eric Conway Auditor: PwC Trustee(s): Deirdre Hanley, Neil Kelly, Categories Gary Mullane, Kevin O’Reilly Irish Pension Scheme: Yes HR: Deirdre Hanley DB/DC: Defined Contribution Finance: Kevin O’Reilly Fund Range: 0-25M Numbers Have Member Trustees: Yes Deferred Pensioners: 109 Active Members: 126 Total Scheme Members: 235 BCP Asset Management Categories Founded in 1969 BCP is a specialist DB/DC: Defined Contribution structured product provider of capital Contributory/Non-Contributory: Both secure bonds for investments and Fund Range: 0-25M pensions. BCP currently manage over Segregated/Unitised and Insured: Unitised €2.5bn in assets for personal, corporate Corporate/Individual Tr/Both: Both and pension investors.

Address 71 Upper Leeson Street Dublin 4 Ireland Tel: +353 1 6684688 www.bcp.ie Contacts Member Rep: Adrian Missen

IAPF YEARBOOK 2019 79 B

Bespoke Trustees Ltd bfinance bfinance provides highly customised investment implementation support to pension funds and other institutional asset owners. We seek to put power in investors’ hands through flexibility, specialist expertise and a team that acts as an extension of our clients’ resources. With senior staff drawn from portfolio management, research and academia as well as consultancy, the firm Bespoke Trustees Ltd was set up in 2006 combines practitioner experience with to facilitate the set up and on-going interdisciplinary capability. Established administration of self-administered in 1999, bfinance has worked for more pension schemes (SAPS), self-directed than 300 institutional clients across 34 personal retirement bonds (PRB), and countries, operating out of 8 international self-administered approved (minimum) offices. The firm has been recognised with retirement funds (A(M)RF) for its clients. numerous industry awards for innovation We are a Revenue approved Pensioneer and investment consultancy and has Trustee, a Registered Administrator recently again won the Global Investor approved by the Pensions Authority for Award for Investment Consultant of company pension schemes, and a trustee the year. 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

Address Contacts 16 Roden Place Member Rep: Paul Doyle Dundalk Director: Paul Doyle Co Louth Ireland Providers Tel: +353 818 432432 Investment Consultant: bfinance www.bespoketrustees.ie Numbers Contacts Total Number of Employees: 70 Member Rep: John McDonnell Categories Have Member Trustees: No

80 IAPF YEARBOOK 2019 B

BlackRock Investment Address Management (UK) Ltd Exchange House Primrose Street Address London EC2A 2NY 2 Ballsbridge Park United Kingdom Ballsbridge Tel: +00 44 207 0115230 Dublin 4 www.bmogam.com/uk/institutional/ Ireland Contacts Tel: +353 1 2467004 Member Rep: Paul Myles www.blackrock.com Director: Paul Myles Contacts Member Rep: Adele Spillane Categories BNY Mellon Investment DB/DC: Defined Benefit Management EMEA Limited Contributory/Non-Contributory: Both Fund Range: 0-25M Have Member Trustees: No Corporate/Individual Tr/Both: Both

BMO Global Asset Management BNY Mellon is a global investments BMO Global Asset Management is a company dedicated to helping its clients worldwide investment manager with a manage and service their financial assets focus on understanding and meeting our throughout the investment lifecycle. clients’ needs and objectives. Whether providing financial services for institutions, corporations or individual Today, we offer an established range of investors, BNY Mellon delivers informed global investment capabilities and solutions investment management and investment including Liability Driven Investment, services in 35 countries. Active Fixed Income, Specialist Equity, Property, ESG, and Alternative strategies As of June 30, 2018, BNY Mellon had $33.6 including Risk Premia. To this we add trillion in assets under custody and/or the defined expertise of three investment administration, and $1.8 trillion in assets boutiques: BMO Real Estate Partners, LGM under management. BNY Mellon can act as and Pyrford International. a single point of contact for clients looking to create, trade, hold, manage, service, BMO Global Asset Management has over distribute or restructure investments. €213.4 billion in assets and is a signatory of the United Nations-supported Principles BNY Mellon is the corporate brand of The for Responsible Investment initiative Bank of New York Mellon Corporation (UNPRI). We have four investment centres (NYSE: BK). Additional information is in London, Chicago, Toronto and Hong available on www.bnymellon.com, or Kong, and more than 20 offices in 14 follow us on Twitter @BNYMellon. countries worldwide (30 April 2018).

IAPF YEARBOOK 2019 81 B

Address Contributory The Bank of New York Mellon Centre Fund Range: 26-100M 160 Queen Victoria Street Segregated/Unitised and Insured: Unitised London EC4V 4LA Have Member Trustees: Yes United Kingdom Corporate/Individual Tr/Both: Tel: +44 207 1632567 Individual Trustee www.bnymellonim.com Contacts Member Rep: Ned Meaney Boliden Tara Mines Designated Activity Company Mining Company in operation since BOC Gases Ireland Ltd 1977 producing zinc and lead concentrates Address for export. P.O. Box 201 Bluebell Address Dublin 12 Knockumber House Ireland Knockumber Road Tel: +353 1 4091858 Navan Co Meath C15 NH63 Contacts Ireland Member Rep: Carol Ryan Tel: +353 46 9082000 Trustee(s): Gerry Donovan, Bruce Doolan, Parent Company: Boliden AB John Feely, Bernard Hudson, John Leonard HR: Carol Ryan Contacts Finance: Bruce Doolan Member Rep: Tadg Farrell CEO/Managing Director: Trustee(s): Alan Broxson, Tadg Farrell, Andreas Bieringer Richard McGlew, Eoghan O’Neill Director: Gerry Donovan HR: Eoghan O’Neill Providers Numbers Investment Manager: State Street Global Total Number of Employees: 690 Advisors, Insight Investment, Irish Life Categories Investment Managers, Stone Harbour DB/DC: Multi Solicitors: McCann FitzGerald Contributory/Non-Contributory: Both Accountant: Grant Thornton Fund Range: 101-250M Actuary: Willis Towers Watson Have Member Trustees: Yes Auditor: Grant Thornton Corporate/Individual Tr/Both: Numbers Individual Trustee Total Number of Employees: 295 Deferred Pensioners: 133 Pensioners: 157 Boots Retail Ireland Active Members: 175 Address Total Scheme Members: 465 Unit 2F Block 71A Categories Parkwest Business Park Integrated with State Scheme: No Dublin 12 Irish Pension Scheme: Yes Ireland Self Administered Scheme: Yes Tel: +353 1 7780000 DB/DC: Multi www.boots.ie Contributory/Non-Contributory:

82 IAPF YEARBOOK 2019 B—CC

Boston Scientific Ireland Ltd distributes a number of beer brands in the Scottish, Irish and Northern Irish markets, Address primarily for Anheuser-Busch InBev and Ballybrit Business Park owns Wallaces Express, a Scottish drinks Galway wholesaler. The Group’s Irish wholesaling Ireland subsidiary, Gleeson group, owns and Tel: +353 91 756300 manufactures Tipperary Water and www.bsci.com Finches soft drinks. Contacts Member Rep: Angela Burke Address HR: Angela Burke Annerville Providers Clonmel Auditor: EY Tipperary Solicitors: McCann FitzGerald Ireland Investment Manager: ILIM, State Street Tel: +353 87 7679131 Global Advisors www.candcgroupplc.com Numbers Providers Total Number of Employees: 2895 Investment Manager: State Street Deferred Pensioners: 590 Global Advisors, BMO Global Asset Active Members: 2300 Management, Principal Global Investors, Total Scheme Members: 2890 Capital International, BNY Mellon Asset Management Ltd, PIMCO, Standard Life, Categories Insight Investment, Irish Life Investment Integrated with State Scheme: No Managers, IPUT, Ruffer Irish Pension Scheme: Yes Solicitors: McCann FitzGerald Self Administered Scheme: Yes Actuary: Mercer DB/DC: Defined Contribution Independent Trustee: Trustee Principles Contributory/Non-Contributory: Auditor: EY Contributory Size of Fund: €35,000,000 Numbers Fund Range: 26-100M Total Number of Employees: 1579 Segregated/Unitised and Insured: Unitised Deferred Pensioners: 764 Have Member Trustees: Yes Pensioners: 465 Corporate/Individual Tr/Both: Active Members: 75 Individual Trustee Total Scheme Members: 1304 Categories Integrated with State Scheme: Yes C&C Group plc Irish Pension Scheme: Yes Self Administered Scheme: No C&C Group plc is a leading manufacturer, DB/DC: Multi marketer and distributor of branded Contributory/Non-Contributory: cider, beer, wine and soft drinks. C&C Contributory manufactures Bulmers, the leading Irish Size of Fund: €160,000,000 cider brand, Magners, the premium Fund Range: 101-250M international cider brand, the C&C Segregated/Unitised and Insured: Brands range of English ciders and the Segregated, Unitised Tennent’s beer brand. C&C also owns Have Member Trustees: Yes and manufactures Woodchuck and Corporate/Individual Tr/Both: Both Hornsby’s, two leading craft cider brands in the United States. The Group also

IAPF YEARBOOK 2019 83 C

Cadbury Ireland Pension Trust Actuary: Willis Towers Watson Company Ltd by Guarantee Auditor: PwC Numbers Mondelez Ireland is a subsidiary of Total Number of Employees: 630 Mondelez International, Inc., an American Deferred Pensioners: 747 multinational confectionery, food, and Pensioners: 1515 beverage company, which is HQ in Active Members: 513 Chicago. It consists of the global snack Total Scheme Members: 2775 and food brands of the former Kraft Foods Inc. after the October 2012 spin-off of Categories its North American grocery operations Integrated with State Scheme: Yes which followed the takeover of Cadbury Irish Pension Scheme: Yes in 2010. The company manufactures Self Administered Scheme: Yes chocolate, cookies, gum, confectionery, DB/DC: Defined Benefit and powdered beverages and our portfolio Contributory/Non-Contributory: includes several billion-dollar brands such Contributory as Belvita, Chips Ahoy!, Nabisco, Oreo, Size of Fund: €670 Ritz, TUC, Triscuit, LU, Barni, Milka, Fund Range: > 500M Toblerone, Cadbury...... Segregated/Unitised and Insured: Segregated, Unitised We’re a big company. But we believe, Have Member Trustees: Yes above all, in one thing – something that’s Corporate/Individual Tr/Both: Both unique to us – and that’s the power of big and small. Yes, we have the scale and resources of a global powerhouse. But also Calor Teoranta the speed, creativity and agility of a fresh new start-up. Address Long Mile Road Address Walkinstown c/o Mondelez Europe Services GmbH - Dublin 12 Irish Branch Ireland Malahide Road Tel: +353 1 4505000 Coolock Contacts Dublin 5 Member Rep: Cathal Murphy Ireland Trustee(s): Sean McCourt, Pat Motyer, Tel: +353 1 8668301 Cathal Murphy, Liam Silke, Mary Tinney eu.mondelezinternational.com/ Finance: Liam Silke Contacts Providers Member Rep: Fintan O’Reilly Solicitors: A&L Goodbody Trustee(s): Michael Doran, Dan Custodian: Northern Trust Custodial Ferrari, John Hynes, Thomas Maher, Services Ireland Ltd Gerard OReilly, Allan Whalley, Harry Auditor: KPMG Worthington Actuary: Willis Towers Watson Pension Manager: Fintan O’Reilly Investment Manager: State Street Global Providers Advisors, KBI Global Investors, Irish Life Investment Manager: Legal & General, Investment Managers G.S.A.M., M&G, BlackRock, BMO Global Numbers Asset Management Total Number of Employees: 29 Solicitors: A&L Goodbody Deferred Pensioners: 35 Investment Consultant: Mercer Pensioners: 339

84 IAPF YEARBOOK 2019 C

Active Members: 29 Segregated/Unitised and Insured: Total Scheme Members: 403 Segregated Have Member Trustees: Yes Corporate/Individual Tr/Both: Categories Corporate Body Integrated with State Scheme: Yes Irish Pension Scheme: Yes Self Administered Scheme: No DB/DC: Defined Benefit Cantor Fitzgerald Contributory/Non-Contributory: Cantor Fitzgerald are a leading financial Contributory services company, combining Global Size of Fund: €90,000,000 presence and expertise with a local Fund Range: 26-100M understanding of the Irish market. We Segregated/Unitised and Insured: provide investors with access to all leading Segregated asset classes, along with offering a range of Have Member Trustees: Yes investment products and truly diversified Corporate/Individual Tr/Both: portfolios to suit investors risk profiles. Corporate Body Our services are available on an advisory, discretionary and execution only basis to cater for a full range of pension investors. Calor Teoranta DC Scheme Address Address 75 St. Stephens Green Long Mile Road Dublin 2 Walkinstown Ireland Dublin D12 XP79 Tel: +353 1 6333864 Ireland www.cantorfitzgerald.ie Tel: +353 1 4505000 Contacts www.calorgas.ie Member Rep: Laura Reidy Contacts Numbers Member Rep: Jacqueline Claffey Total Number of Employees: 100 Trustee(s): Claire Morrison, Mary Tinney Active Members: 33 Director: Liam Silke Total Scheme Members: 33 Providers Accountant: KPMG Administrator: Willis Towers Watson Capital International Ltd Investment Manager: New Ireland Capital International Limited (CIL) Numbers is a stable and privately owned asset Total Number of Employees: 116 management firm, a wholly-owned Deferred Pensioners: 18 subsidiary of the Capital Group Active Members: 98 Companies, one of the most experienced Total Scheme Members: 116 and successful investment management Categories firms in the world. Founded in Los Angeles Integrated with State Scheme: No in 1931, Capital has grown to become a Irish Pension Scheme: Yes global presence in the investment industry Self Administered Scheme: No with 12 investment offices worldwide DB/DC: Defined Contribution including London and Geneva. Capital Contributory/Non-Contributory: Both International Limited has managed assets Size of Fund: €2,722,576 on behalf of Irish institutions since 1993 Fund Range: 0-25M and has since built up a broad base of

IAPF YEARBOOK 2019 85 C

pension fund clients. As at 30 June 2012, Contacts Capital managed in excess of EUR 81 Member Rep: Colm Leen bn of institutional assets worldwide. Finance: Colm Leen Managing Director: Dan MacSweeney Capital focuses on traditional long-term Providers investing, concentrating on company Auditor: EY fundamentals, believing that this approach Solicitors: Matheson is the most enduring way to add value and Investment Manager: KBI Global Investors, will benefit investment portfolios both in Northern Trust the current environment and in the future. Our research is focused on industries Numbers globally, rather than specific countries Total Number of Employees: 160 or regions. We also firmly believe that Pensioners: 8 portfolios should be managed by a team Active Members: 131 of portfolio managers - all contributing Total Scheme Members: 139 their highest conviction ideas and Categories importantly providing diversification by Integrated with State Scheme: No complementing the other managers on the Irish Pension Scheme: Yes team in terms of their coverage and style. Self Administered Scheme: No DB/DC: Defined Benefit Capital’s heritage is in the emerging Contributory/Non-Contributory: markets where we offer equity, debt Contributory and private equity strategies. In an Have Member Trustees: Yes environment of higher volatility our Corporate/Individual Tr/Both: objective based, multi-asset strategies, Corporate Body which seek to deliver “lower risk without compromising investment returns” are resonating with investors today. We also Carillon Tower Advisers have particular expertise in high yielding fixed income. Address Raymond James Financial International Address Broadwalk House, 5 Appold Street 40 Grosvenor Place London EC2A 2AG London SW1X 7GG United Kingdom United Kingdom Tel: +44 203 7985635 Tel: +44 207 8645000 www.carillontower.com www.capgroup.com Contacts Contacts Member Rep: David O’Keeffe Member Rep: Emma Friend Marketing: Chris Daley CBRE Unlimited Company

Carbery Group CBRE Group, Inc. (NYSE:CBG), a Fortune 500 and S&P 500 company headquartered Address in Los Angeles, is the world’s largest Ballineen commercial real estate services and Co Cork P47 YW77 investment firm (based on 2015 revenue). Ireland The Company has more than 70,000 Tel: +353 23 8822200 employees (excluding affiliates), and serves www.carbery.com real estate investors and occupiers through more than 400 offices (excluding affiliates)

86 IAPF YEARBOOK 2019 C

worldwide. CBRE offers a broad range of Corporate/Individual Tr/Both: Individual integrated services, including facilities, Trustee transaction and project management; property management; investment management; appraisal and valuation; Central Bank of Ireland property leasing; strategic consulting; property sales; mortgage services and Address development services. New Wapping Street North Wall Quay In Ireland, with offices in Dublin and Dublin 1 Belfast, CBRE is the country’s largest Ireland commercial real estate services company, Tel: +353 1 2246857 now employing over 165 employees and Contacts offering a full range of property services Member Rep: Renee Behan including property sales and acquisitions; HR: Renee Behan, Jacinta Whearty leasing and management; investment; corporate services; debt advisory; project management; consultancy; business rates CHC Ireland Pension Scheme and compulsory purchase; valuations and research. Please visit www.cbre.ie CHC Ireland is contracted by the Irish Coast Guard to provide the helicopter Address Search and Rescue service in Ireland. Connaught House Operating from bases in Dublin, Shannon, One Burlington Road Sligo and Waterford with a fleet of 5 Dublin 4 Sikorsky S92A helicopters, we provide Ireland coverage of the Irish Sea, the busy south Tel: +353 1 6185500 coast and to a range of 200Nm into the www.cbre.ie Atlantic. CHC also provides helicopter Contacts support to Ireland’s offshore oil and gas Member Rep: Eddie McNestry industry. Trustee(s): Deirdre Bodley, Eddie Address McNestry CHC Ireland Finance: Eddie McNestry Search and Rescue Unit Providers Shannon Airport Administrator: Zurich Clare Investment Manager: Zurich Ireland Numbers Tel: +353 61 771000 Total Number of Employees: 110 www.chcsar.com Active Members: 36 Contacts Total Scheme Members: 36 Member Rep: Liam Hannon Categories Trustee(s): Liam Hannon Integrated with State Scheme: No Numbers Irish Pension Scheme: Yes Total Number of Employees: 111 Self Administered Scheme: No Active Members: 105 DB/DC: Defined Contribution Total Scheme Members: 105 Contributory/Non-Contributory: Categories Contributory Integrated with State Scheme: No Segregated/Unitised and Insured: Unitised Irish Pension Scheme: Yes Have Member Trustees: No

IAPF YEARBOOK 2019 87 C

Self Administered Scheme: No Moreland, Donal Murphy, Cecilia Ronan, DB/DC: Defined Contribution Martina Williamson, Tony Woods Contributory/Non-Contributory: HR: Martina Williamson Contributory CCO/CEO: Aidan Brady Fund Range: 0-25M Have Member Trustees: Yes Numbers Corporate/Individual Tr/Both: Both Total Number of Employees: 2030 Categories Citibank Europe plc Integrated with State Scheme: No Irish Pension Scheme: Yes Citi and its predecessors have had a Self Administered Scheme: No presence in Ireland since 1965 and was one DB/DC: Defined Contribution of the first foreign banks to open an office Contributory/Non-Contributory: Non in the country. Contributory Have Member Trustees: No We offer a broad range of financial Corporate/Individual Tr/Both: services and products in Ireland. These Corporate Body include cash management, derivatives, investor products, corporate finance, trade services, custody, trustee services, City Life Limited fund administration, transfer agency and shareholder services.

The businesses operating in Ireland include treasury and trade solutions, securities and fund services, corporate and investment banking and capital markets. Dublin also has a Citi Service Centre, one of four in Established in 1971, City Life is a firm of the EMEA region that services businesses expert pension advisors, financial planners in more than 52 countries. The first Citi and corporate scheme consultants. City Innovation Lab dedicated to research Life provides advice and management and development in the financial services services for private clients, corporate industry is located in Dublin. clients and scheme members alike and is an independent, family owned Irish company. Citibank Europe plc is an Irish-regulated bank headquartered in Dublin and has a Address diversified product base covering 20 global Nore House and regional products. The bank operates Bessboro Road branches in Poland, the Czech Republic, Blackrock Hungary, Slovakia, Romania and Bulgaria. Cork T12 XY7H Ireland Address Tel: +353 21 4358533 1 North Wall Quay www.citylife.ie Dublin 1 Contacts Ireland Member Rep: Dermot O’Mahoney Tel: +353 1 6222000 Trustee(s): Dermot O’Mahoney www.citigroup.com CEO/Managing Director: Eamon Dwyer Contacts Director: Stephen Barry Member Rep: Martina Williamson Providers Trustee(s): Catherine Brady, Colin

88 IAPF YEARBOOK 2019 C

Auditor: EY Advisors Ireland, North American Solicitors: Ronan Daly Jermyn Forestry Investment Trust, ILIM, Davy Numbers Stockbrokers, Aberdeen Standard Total Number of Employees: 13 Investments, Mercer, Insight Investment, Newton Investment Management, Zurich, ACT Venture Capital Clarus Investment Solutions Solicitors: A&L Goodbody Actuary: Mercer Clarus Investment Solutions offers a range Auditor: PwC of investment-related services to pension Administrator: Willis Towers Watson fund trustees and other fiduciaries/ Numbers advisors. The firm’s partners Deferred Pensioners: 199 (Paul McCarville and Joe Mottley) Pensioners: 1428 are highly experienced investment Active Members: 372 professionals who are very familiar Total Scheme Members: 1999 with the pensions landscape. Categories Address Integrated with State Scheme: Yes Suite 403 Irish Pension Scheme: Yes 22/23 Upper Pembroke Street Self Administered Scheme: Yes Dublin 2 DB/DC: Defined Benefit Ireland Contributory/Non-Contributory: Tel: +353 1 6310211 Contributory www.clarus.ie Size of Fund: €271,086,000 Fund Range: 251-500M Contacts Segregated/Unitised and Insured: Member Rep: Paul McCarville Segregated Categories Have Member Trustees: Yes DB/DC: Defined Benefit Corporate/Individual Tr/Both: Contributory/Non-Contributory: Both Individual Trustee Fund Range: 0-25M Corporate/Individual Tr/Both: Both Columbia Threadneedle Investments Coillte CGA Commercial semi-state.

Address Dublin Road Newtownmountkennedy Co Wicklow Columbia Threadneedle Investments is a Ireland leading global asset management group Tel: +353 1 2011111 that provides a broad range of actively- www.coillte.ie managed investment strategies and Contacts solutions for clients around the world. Member Rep: Serena Considine With more than 2,000 people including Trustee(s): Bill Stanley over 450 investment professionals based Providers in North America, Europe and Asia, we Investment Manager: State Street Global manage €414 billion of assets (as at 30

IAPF YEARBOOK 2019 89 C

June 2016) across developed and emerging Actuary: Willis Towers Watson market equities, fixed income, asset Numbers allocation solutions and alternatives. Total Number of Employees: 149 Deferred Pensioners: 33 We aim to deliver excellent investment Active Members: 121 outcomes for our clients through a Total Scheme Members: 154 team-based, performance-driven and risk-aware investment approach. Our Categories culture is dynamic and interactive. By Integrated with State Scheme: Yes sharing our insights across asset classes Irish Pension Scheme: Yes and geographies we generate richer Self Administered Scheme: No perspectives on global, regional and DB/DC: Defined Contribution local investment landscapes, resulting Contributory/Non-Contributory: in better-informed investment decisions Contributory for our clients. Size of Fund: €13,668,252 Fund Range: 101-250M As part of Ameriprise Financial, Inc., Have Member Trustees: No a leading US-based financial services Corporate/Individual Tr/Both: provider, we are supported by a large and Corporate Body well-capitalised parent company.

Address Construction Executive Cannon Place Retirement Savings 78 Cannon Street London EC4N 6AG CERS (Construction Executive Retirement United Kingdom Savings) is an industry wide scheme, which Tel: +44 207 4645000 provides pension arrangements for core www.columbiathreadneedle.com employees of approx 200 companies in the construction and related industries. Contacts Member Rep: Jon Dadswell Address Investment: Jon Dadswell Canal House Canal Road Dublin 6 Commscope EMEA Limited Ireland Address Tel: +353 1 4071430 Corke Abbey Avenue www.cers.ie Bray Contacts Co Wicklow Member Rep: Frances McNally Ireland Providers Tel: +353 1 2042085 Investment Manager: ILIM, State www.commscope.com Street Global Advisors, Standard Life, Contacts F & C Ireland, KBI, BNY Mellon Asset Member Rep: Niamh Hewitt Management Ltd, IPUT, Irish Forestry Director: Kevin O’Loughlin Unit Trust CEO/Managing Director: Kevin Solicitors: Arthur Cox O’Loughlin Investment Consultant: Mercer HR: Niamh Hewitt Actuary: Willis Towers Watson Providers Auditor: Grant Thornton Accountant: Willis Towers Watson Administrator: CIF Pension

90 IAPF YEARBOOK 2019 C

Administration Services Ltd Andrew O’Gorman, Tony O’Leary, Numbers Brendan O’Sullivan, Billy Wall Total Number of Employees: 7 Providers Deferred Pensioners: 2115 Investment Manager: State Street Global Pensioners: 1068 Advisors, Irish Life, KBI Global Investors, Active Members: 1757 Standard Life, Fusion Alternative Total Scheme Members: 4940 Investments, Principal Global Investors Categories Property Adviser: Jones Lang LaSalle, Irish Pension Scheme: Yes CBRE Self Administered Scheme: No Solicitors: Eversheds Sutherland DB/DC: Multi Investment Consultant: Acuvest Contributory/Non-Contributory: Both Investment Advisers Size of Fund: €511,824,000 Custodian: BOI Security Services & Fund Range: > 500M Northern Trust Have Member Trustees: No Actuary: Willis Towers Watson Corporate/Individual Tr/Both: Auditor: Mazars Corporate Body Administrator: CIF Pension Administration Services Ltd Numbers Construction Workers’ Total Number of Employees: 40 Pension Scheme Deferred Pensioners: 287500 Pensioners: 7820 The Construction Workers’ Pension Active Members: 23000 Scheme (CWPS) is the industry-wide Total Scheme Members: 318320 pension scheme for the construction Categories industry in Ireland. The Scheme, with Integrated with State Scheme: No assets in excess of €1.1billion, provides Irish Pension Scheme: Yes members with financial security Self Administered Scheme: No throughout their working lives and in DB/DC: Hybrid retirement, in an easy to understand Contributory/Non-Contributory: and cost effective manner. Contributory The Scheme is governed by a Size of Fund: €1,200,000,000 Trustee company, CWPS Trustees Ltd, Fund Range: > 500M consisting of five Employers and five Segregated/Unitised and Insured: Member (Trade Union) Directors and the Segregated, Unitised Chairman. The Scheme is administered Have Member Trustees: Yes by a dedicated pension administration Corporate/Individual Tr/Both: company CPAS Ltd. Corporate Body

Address Canal House Cope Foundation Canal Road Dublin 6 Address Ireland Bonnington Tel: +353 1 4977663 Montenotte www.cwps.ie Cork Ireland Contacts Tel: +353 21 4643100 Member Rep: Kevin Walsh www.cope-foundation.ie Trustee(s): Conor Lynch, Joseph O’Brien,

IAPF YEARBOOK 2019 91 C

Contacts DB/DC: Defined Benefit Member Rep: Aine O’Callaghan Contributory/Non-Contributory: Numbers Contributory Active Members: 14 Size of Fund: €2,091,700,000 Total Scheme Members: 14 Fund Range: > 500M Segregated/Unitised and Insured: Categories Segregated Irish Pension Scheme: Yes Have Member Trustees: Yes DB/DC: Defined Benefit Corporate/Individual Tr/Both: Contributory/Non-Contributory: Both Individual Trustee Fund Range: 0-25M Corporate/Individual Tr/Both: Both Cornmarket Group Coras Iompair Éireann Financial Services Provider of Transport Services throughout the Republic of Ireland.

Address Heuston Station Dublin D08 E2CV Cornmarket is a leading provider of Ireland financial services to members of affinity Tel: +353 1 7032050 groups. The Company specialises in www.cie.ie the provision of life and risk insurance Contacts products, AVCs, motor, home and health Member Rep: Tony Murray insurance. Cornmarket is part of the Great- Trustee(s): Liam Darby, Geraldine West Lifeco group of companies. Finucane, Andrea Keane Pension Manager: Tony Murray Address Liberties House Providers Christchurch Square Custodian: JP Morgan Dublin 8 Auditor: Deloitte Ireland Solicitors: CIE Solicitors Tel: +353 1 4084000 Investment Manager: ILIM, Henderson, www.cornmarket.ie Schroders, Wellington Management, KBI Global Investors, Walter Scott, G.S.A.M., Contacts Delta Partners, ACT Venture Capital, Member Rep: Mary-Jane Halpin Insight Investment, J.P. Morgan, Antin CEO/Group Managing Direct: Infrastructure Partners, IFM Investors Roddy Murphy HR: Mary-Jane Halpin Numbers Finance: Micheál Carroll Total Number of Employees: 10300 Deferred Pensioners: 2006 Providers Pensioners: 6202 Auditor: KPMG Active Members: 8571 Actuary: Irish Life Total Scheme Members: 16779 Investment Manager: Irish Life Categories Numbers Integrated with State Scheme: No Total Number of Employees: 300 Irish Pension Scheme: Yes Deferred Pensioners: 42 Self Administered Scheme: Yes Pensioners: 7

92 IAPF YEARBOOK 2019 C—DD

Active Members: 217 value for airlines, passengers and business Total Scheme Members: 266 partners. Categories daa turnover in 2017 was €855 million, Integrated with State Scheme: Yes up 8% on 2016, and driven by growing Irish Pension Scheme: Yes passenger numbers, improved commercial Self Administered Scheme: No income, and the impact of new overseas DB/DC: Multi businesses. Group profit after tax, Contributory/Non-Contributory: excluding exceptional items, was €125 Contributory million. Fund Range: 26-100M Segregated/Unitised and Insured: The Group employs 3,500 people at its Segregated, Unitised Irish airports and has a further 800 people Have Member Trustees: Yes working for its international businesses. Corporate/Individual Tr/Both: Corporate Body Address Old Central Terminal Building Dublin Airport Coyne & Culloty Insurance & Dublin Financial Services Ireland Tel: +353 1 8141111 Address www.daa.ie 2 Main Street Contacts Killarney Member Rep: Richard Kelly Co Kerry Pension Manager: Richard Kelly Ireland Tel: +353 64 6631274 Providers www.coyneculloty.com Investment Consultant: Acuvest Investment Advisers Contacts Auditor: Deloitte Member Rep: Lynda Coyne Solicitors: Arthur Cox Director: Lynda Coyne Administrator: Invesco Limited Investment Manager: Legal & General Asset Management daa plc Numbers daa operates Dublin and Cork airports Total Number of Employees: 3458 in Ireland and has significant overseas Deferred Pensioners: 482 businesses through its ARI and daa Active Members: 2554 International subsidiaries in addition to Total Scheme Members: 3036 the Dublin Airport Central development at Categories Dublin Airport. Integrated with State Scheme: No Dublin and Cork airports are the two Irish Pension Scheme: Yes largest airports in the Republic of Ireland, DB/DC: Defined Contribution welcoming a combined 31.9 million Fund Range: 101-250M passengers in 2017. Segregated/Unitised and Insured: Unitised Have Member Trustees: Yes The Group’s core purpose is to connect Ireland with the world and its vision is to be an airport industry leader that will grow its business by delivering great service and

IAPF YEARBOOK 2019 93 D

Dairygold Co-Operative Providers Society Ltd Investment Manager: ILIM Solicitors: Matheson Ireland’s Leading Farmer Owned Dairy Investment Consultant: Mercer and Agri Co-Operative that Delivers Actuary: Willis Towers Watson Sustainable Global Solutions. The Society Auditor: KPMG headquarters are located in Mitchelstown, Administrator: Equiniti Paymaster Co. Cork. We are a multipurpose Co- Numbers operative with three distinct businesses, Total Number of Employees: 52 Dairy, Agri and Retail. Deferred Pensioners: 863 Pensioners: 565 Address Active Members: 26 Clonmel Road Total Scheme Members: 1454 Mitchelstown P67 DD36 Co Cork Ireland Davy Asset Management Tel: +353 25 44533 At Davy Asset Management we are active www.dairygold.ie bottom up Quantamental (Quantitative Providers and Fundamental) investors who believe Auditor: Deloitte that high quality companies outperform Investment Consultant: Mercer over the long run. We manage a range of Actuary: Mercer asset classes on behalf of our clients. Our Independent Trustee: IPT investment solutions include Global Equity Administrator: Mercer Income, Global Equity, Global Smaller Investment Manager: ILIM Companies, Global ESG Equity, Global ESG Ex Fossil Fuels, Global Brands and Categories Global Bond. Integrated with State Scheme: Yes Self Administered Scheme: No Davy Asset Management is part of the DB/DC: Multi Davy Group, one of Ireland’s leading Contributory/Non-Contributory: Both financial services firms, providing wealth Have Member Trustees: Yes management, asset management, capital Corporate/Individual Tr/Both: Both markets and financial advisory services, to domestic and international clients for 90 years. The Davy Group manages assets on Danske Bank (Ireland) behalf of Irish and international clients. Pensions DAC Davy is a privately owned business, 100% owned by Davy management and staff. Address International House Address 3 Harbourmaster Place Davy House IFSC 49 Dawson Street Dublin D01 K8F1 Dublin 2 Ireland Ireland Tel: +44 28 90048514 Tel: +353 1 6148874 Contacts www.davyassetmanagement.com Member Rep: Brett Armstrong Contacts Pension Manager: Brett Armstrong Member Rep: Tim Kelly Trustee(s): David Douglas

94 IAPF YEARBOOK 2019 D

Davy Real Estate Contacts Member Rep: Gerard Whyte The Davy Irish Property Fund (“DIPF” Trustee(s): Gerard Whyte or “the Fund”) is a commercial property fund invested 100% in Irish property and Providers available for investment by Qualifying Auditor: PwC Investors from Ireland and overseas. The Solicitors: William Fry Fund aims to provide investors with a Administrator: Mercer long term investment in Irish commercial Categories property while providing quarterly income Integrated with State Scheme: Yes distributions. Irish Pension Scheme: Yes Self Administered Scheme: No Address DB/DC: Multi 49 Dawson Street Contributory/Non-Contributory: Both Dublin 2 Segregated/Unitised and Insured: Unitised Ireland Have Member Trustees: Yes Tel: +353 87 7603030 Corporate/Individual Tr/Both: www.davy.ie/real-estate/dipf Individual Trustee Contacts Member Rep: Simon MacKinnon Investment: Simon MacKinnon Dean Wetton Advisory Categories DWA was founded in 2009 to provide Size of Fund: €1,400,000,000 Defined Benefit and Defined Contribution Fund Range: > 500M pension schemes with a fresh approach Segregated/Unitised and Insured: Unitised to delivering investment advice. Our Corporate/Individual Tr/Both: approach is based on plain talking, Corporate Body pragmatic advice delivered by experts in manager evaluation and selection.

DCC plc Dean Wetton spoke at the IAPF Investment Conference 2018 about investment in multi-employer DC schemes.

Address Office 29, Clifton House Fitzwilliam St Lower International sales, marketing and support Dublin 2 services group, headquartered in Dublin Ireland with operations in 15 countries. Tel: +44 203 4225000 www.deanwettonadvisory.com Address Contacts DCC House Member Rep: Dean Wetton Leopardstown Road CEO/Managing Director: Dean Wetton Foxrock Dublin 18 Ireland Tel: +353 1 2799400 www.dcc.ie

IAPF YEARBOOK 2019 95 D

Deloitte Deutsche Asset Management With around €711 billion of assets under management (June 2017), Deutsche Asset Management is one of the world’s leading investment managers. Deutsche Asset Management offers individuals and Deloitte is one of the largest global institutions traditional and alternative professional services and consulting investments across all major asset classes. networks. With over 220,000 professionals in more than 150 countries, we bring Not just a global firm, we are a truly global world-class capabilities and high-quality organisation. Deutsche Asset Management services to our clients. In Ireland, Deloitte is united in the pursuit to deliver has over 2,000 people providing audit, tax, innovative solutions and sustainable consulting, and corporate finance services performance, no matter the product. With to public and private clients spanning 60 years in Active, 40 years in Alternatives multiple industries. Our people have the and over 10 years in Passives, we are leadership capabilities, experience, and leaders in our fields of investment. insight to collaborate with clients so they can move forward with confidence. A big driver for the creation of innovative solutions, are our people and their fresh Address thinking. Agility of minds is paired with Deloitte & Touche House diversity of our teams as we are convinced 29 Earlsfort Terrace that different perspectives lead to better Dublin 2 outcomes. Today, we combine creativity Ireland and intelligence with technology to develop Tel: +353 1 4172200 new ways of serving the financial needs of Contacts our diverse clientele worldwide. Member Rep: Niamh Mulvihill Pension Manager: Niamh Mulvihill Address Finance: Kevin Sheehan Winchester House 1 Great Winchester Street Providers London EC2N 2DB Actuary: Mercer United Kingdom Auditor: OKC Business Services Ltd Tel: +44 207 5452755 Solicitors: Arthur Cox www.deutscheam.com Administrator: Willis Towers Watson, Mercer Contacts Member Rep: Karl Tuck Categories Irish Pension Scheme: Yes Categories DB/DC: Multi Irish Pension Scheme: Yes Contributory/Non-Contributory: DB/DC: Defined Contribution Contributory Fund Range: 26-100M Have Member Trustees: No Corporate/Individual Tr/Both: Both

96 IAPF YEARBOOK 2019 D

Diageo Ireland Dimensional Consumer goods company with portfolio For more than 35 years, institutional of world famous drinks brands. investors have relied on Dimensional to address complex investment challenges. Address Diageo Pension Office Guided by a strong belief in markets, Edinburgh Park we offer strategies to help institutional 5 Lochside Way clients pursue higher expected returns. Edinburgh, Lothian EH12 9DT We have a long history of incorporating United Kingdom rigorous academic research into practical Tel: +44 208 9786000 investment strategies. www.mydiageopension.com Our clients include corporations, Contacts consultants, nonprofits, DB and DC Member Rep: Michelle Elliott pension funds, sovereign wealth funds and Providers other institutions worldwide. The longevity Investment Manager: Morgan Stanley of Dimensional’s client relationships, Investment Managers, Irish Property many dating back decades, demonstrates Unit Trust, Blackrock, Irish Life, Oakhill, our commitment to client service and the Unigestion, M&G consistency of our investment approach. Solicitors: William Fry Custodian: Northern Trust Our goal is to implement the great ideas Actuary: Willis Towers Watson in finance through portfolios that target Auditor: EY higher expected returns in a cost-effective manner. We consistently apply our Numbers integrated, market-driven approach across Total Number of Employees: 828 a full suite of global and regional equity Deferred Pensioners: 1075 and fixed income strategies. Pensioners: 3563 Active Members: 546 Address Total Scheme Members: 5184 20 Triton Street Categories Regent’s Place Irish Pension Scheme: Yes London Self Administered Scheme: Yes Greater London NW1 3BF DB/DC: Defined Benefit United Kingdom Contributory/Non-Contributory: Both Tel: +44 203 0333300 Size of Fund: €1,592,100,000 www.dfaeurope.com Fund Range: > 500M Contacts Segregated/Unitised and Insured: Member Rep: Chris Morgan Segregated Investment: Chris Morgan Have Member Trustees: Yes Corporate/Individual Tr/Both: Corporate Body

IAPF YEARBOOK 2019 97 D

Doyle Pension & all relevant disciplines – actuarial, legal, Insurance Management investment and administration bringing true independence and ensuring effective Address regulation and compliance leading to 114 Pembroke Road better member outcomes. Ballsbridge Dublin 4 Address Ireland PO Box 129 Tel: +353 1 6608141 Killarney www.doylepension.ie Co Kerry Contacts Ireland Member Rep: Stephen Doyle Tel: +353 1 8355578 www.dtstrustees.ie Numbers Total Number of Employees: 7 Contacts Member Rep: Michael Hickey Categories CEO/Managing Director: Michael Hickey Integrated with State Scheme: No Irish Pension Scheme: Yes Self Administered Scheme: Yes Dublin Simon Community DB/DC: Multi Contributory/Non-Contributory: Both Homeless Charity and Company with over Fund Range: 0-25M 40 years’ experience offering homeless Have Member Trustees: No solutions and housing to Homeless people Corporate/Individual Tr/Both: Both in the Leinster region.

Address DTS Dedicated Trustee 5 Red Cow Lane Services DAC Smithfield Dublin 7 Ireland Tel: +353 1 4722113 www.dubsimon.ie Contacts Member Rep: Martin Hannigan Numbers Total Number of Employees: 130 Deferred Pensioners: 15 DTS is an independent, professional Active Members: 35 trustee company providing trusteeship Total Scheme Members: 50 to Irish occupational pension schemes as sole trustee, joint trustee or as part Categories of trustee boards. Our experience Integrated with State Scheme: No and expertise in the pension and legal Irish Pension Scheme: Yes industries is extensive and enables Self Administered Scheme: Yes us to deliver trusteeship that is truly DB/DC: Defined Contribution practical, relevant, cost effective and Contributory/Non-Contributory: Non independent. Appointing DTS as trustee Contributory gives employers the peace of mind that Size of Fund: €3,175,315 their pension / risk benefits schemes Fund Range: 0-25M are being overseen by an independent, Have Member Trustees: Yes professional trustee with experience across Corporate/Individual Tr/Both: Both

98 IAPF YEARBOOK 2019 D—ED

Duignan Carthy O’Neill Managers, PIMCO Europe Ltd, Delta Partners, Fidelity Investments, Irish Duignan Carthy O’Neill are an established Forestry Unit Trust, Irish Property Unit firm of chartered accountants providing Trust, Fountain Healthcare, Seroba Bio specialised audit, tax and financial advice Ventures to pension funds. Solicitors: McCann FitzGerald Custodian: Northern Trust Address Actuary: Mercer Chartered Accountants & Registered Auditor: Duignan Carthy O’Neill Auditors 84 Northumberland Road Numbers Dublin 4 Total Number of Employees: 2750 Ireland Deferred Pensioners: 3300 Tel: +353 1 6682404 Pensioners: 10000 www.dcon.ie Active Members: 1400 Total Scheme Members: 14700 Contacts Member Rep: Liz Murphy Categories Finance: Tim Carthy, Liz Murphy Integrated with State Scheme: No Irish Pension Scheme: Yes Numbers Self Administered Scheme: Yes Total Number of Employees: 25 DB/DC: Defined Benefit Active Members: 25 Contributory/Non-Contributory: Total Scheme Members: 25 Contributory Categories Size of Fund: €200,000,000 DB/DC: Defined Benefit Fund Range: 101-250M Contributory/Non-Contributory: Both Segregated/Unitised and Insured: Have Member Trustees: Yes Segregated, Unitised Corporate/Individual Tr/Both: Both Corporate/Individual Tr/Both: Individual Trustee eircom No. 2 Superannuation Fund eircom Superannuation Fund

Members Address Members Address Leitrim House Leitrim House 67-68 Upper Stephen Street 67-68 Upper Stephen Street Dublin D08 RKW1 Dublin D08 RKW1 Ireland Ireland Tel: +353 1 7013916 Tel:+353 1 7013923 Contacts Contacts Member Rep: Dave Bradley Member Rep: Dave Bradley Trustee(s): Brendan Clahane, Kevin Trustee(s): Jim Browne, Paul Callan, Conlon, Jim Foley, Ray Lawlor, Joe Maher Brian Duncan (Chairman), Jim Foley, (Chairman), Michael McKeown, Frank Brian Loughran, Gerry Nolan, Frank O’Brien, Paul O’Rorke O’Brien, Mick Scully Pension Manager: Brian McCann, Pension Manager: Brian McCann, Ciaran Naughton Ciaran Naughton Providers Investment Manager: Irish Life Investment

IAPF YEARBOOK 2019 99 D

Providers operated by ESB Networks that powers Investment Manager: Irish Life Investment every electricity customer in the country. Managers, KBI Global Investors Ltd, PIMCO Europe, Delta Partners, Fountain Address Healthcare, Irish Forestry Unit Trust, The Oval Seroba Bio Ventures, Irish Property Unit 160 Shelbourne Road Trust, Insight Investment Ballsbridge Property Adviser: Bannon Commercial Dublin D04 FW28 Solicitors: Vincent & Beatty Ireland Custodian: Northern Trust Tel: +353 1 6771700 Actuary: Mercer www.eirgridgroup.com Auditor: Duignan Carthy O’Neill Contacts Numbers Member Rep: Tony Fleming Total Number of Employees: 2750 Numbers Deferred Pensioners: 4400 Total Number of Employees: 410 Pensioners: 10000 Deferred Pensioners: 175 Active Members: 1750 Pensioners: 17 Total Scheme Members: 16150 Active Members: 360 Categories Total Scheme Members: 552 Integrated with State Scheme: No Categories Irish Pension Scheme: Yes Integrated with State Scheme: Yes Self Administered Scheme: Yes Irish Pension Scheme: Yes DB/DC: Defined Benefit Self Administered Scheme: Yes Contributory/Non-Contributory: DB/DC: Defined Benefit Contributory Size of Fund: €112,000,000 Size of Fund: €4,275,000,000 Fund Range: 101-250M Fund Range: > 500M Have Member Trustees: Yes Segregated/Unitised and Insured: Corporate/Individual Tr/Both: Both Segregated, Unitised Have Member Trustees: Yes Corporate/Individual Tr/Both: Elan Corporation plc Individual Trustee Pension Schemes Headquartered in Ireland, Perrigo EirGrid Company plc is a leading global healthcare supplier that develops, manufactures Since 2006, EirGrid has operated and and distributes over-the-counter and developed the national high voltage generic prescription pharmaceuticals, electricity grid in Ireland. EirGrid is infant formulas, nutritional products, a state-owned company. EirGrid is animal health, dietary supplements, active independent from ESB. We operate the pharmaceutical ingredients and medical flow of power on the grid and plan for its diagnostic products. future, while ESB networks is responsible for carrying out maintenance, repairs and Pursuant to the terms of a transaction construction on the grid. The grid moves agreement entered into on July 28, 2013, wholesale power around the country. We between Elan Corporation plc and Perrigo bring energy from generation stations Company (a Michigan Corporation) on to heavy industry and high-tech users. December 18, 2013, Perrigo completed We also supply the distribution network its acquisition of the Elan group, formed

100 IAPF YEARBOOK 2019 E as a new Irish parent company, Perrigo elipsLife Company plc. and listed on the New York elipsLife is part of the Swiss Re group, the and the Tel Aviv Stock Exchanges. world’s leading life and health reinsurer. At Perrigo, our mission is clear, “Quality elipsLife is a life insurance company that Affordable Healthcare Products®”. focuses on the corporate customer business (B2B). It offers all the insurance products Please see www.perrigo.com for that cover the financial consequences of more information. sickness and accidents. The focus falls on group life and long-term disability Address insurance for Trustees and Employers. Perrigo Company plc Treasury Building Address Lower Grand Canal Street 3rd Floor, College Park House Dublin 2 20 Nassau Street Ireland Dublin D02 VY46 Tel: +353 1 7094000 Ireland www.perrigo.com Tel: +353 85 1046036 Contacts www.elipsLife.com Member Rep: Annette Corcoran Contacts Categories Member Rep: Ross Mitchell Self Administered Scheme: No

EMC Corporation Eli Lilly Kinsale Limited Address Address Ovens Dunderrow Cork Kinsale Ireland Co Cork Tel: +353 021 4281500 Ireland www.ireland.emc.com Tel: +353 21 4706122 Contacts Contacts Member Rep: Jennifer McSweeney Member Rep: Chris Kirkby HR: Jennifer McSweeney Providers Categories Auditor: EY DB/DC: Defined Contribution Solicitors: McCann FitzGerald Numbers Total Number of Employees: 670 Deferred Pensioners: 159 Pensioners: 176 Active Members: 670 Total Scheme Members: 1005 Categories Integrated with State Scheme: Yes Irish Pension Scheme: Yes Self Administered Scheme: No DB/DC: Defined Benefit Contributory/Non-Contributory: Contributory

IAPF YEARBOOK 2019 101 E

Epoch Investment Partners Ervia

Address 3rd Floor Webworks Eglinton Street Cork Epoch is a global asset management Ireland firm that provides U.S., non-U.S. and Tel: +353 21 4239160 global equity strategies for institutional clients. Epoch’s investment approach is Contacts based on fundamental research and seeks Member Rep: Gillian Murray to invest in companies that can grow free Pension Manager: Gillian Murray cash-flow and allocate it effectively for the Providers benefit of shareholders. Epoch’s culture Auditor: Deloitte is investment driven, collaborative and Solicitors: Arthur Cox designed to help our clients achieve their Investment Manager: Aon, Mercer investment objectives. Numbers Deferred Pensioners: 698 Epoch was formed in 2004 and over the Pensioners: 573 years has grown to over 100 employees, Active Members: 1740 including 50 investment professionals who Total Scheme Members: 3011 average 23 years of investment experience. Epoch services approximately 150 client Categories relationships and has approximately €38 Integrated with State Scheme: Yes billion AuM as of June 30, 2018. Epoch Irish Pension Scheme: Yes has enjoyed organisational stability Self Administered Scheme: No throughout its history. We have retained DB/DC: Multi key professionals, many of whom were Contributory/Non-Contributory: instrumental in Epoch’s founding and Contributory subsequent growth, and are still active in Fund Range: 251-500M our management today. Segregated/Unitised and Insured: Segregated Address Have Member Trustees: Yes 4th Floor, Carrington House Corporate/Individual Tr/Both: Both 126-130 Regent Street London W1B 5SE United Kingdom ESB Pensions Tel: +44 203 8793904 Address www.eipny.com Two Gateway Contacts East Wall Road Member Rep: Peter Curry Dublin D03 A995 Ireland Tel: +353 1 7027886 www.esb.ie Contacts Pension Manager: James O’Loughlin

102 IAPF YEARBOOK 2019 E

Numbers Eversheds Sutherland Total Number of Employees: 5995 Deferred Pensioners: 2037 Pensioners: 7619 Active Members: 5995 Total Scheme Members: 15651 Categories Irish Pension Scheme: Yes DB/DC: Multi Eversheds Sutherland is a leading Contributory/Non-Contributory: international law firm with a particular Contributory expertise in pension law. Based in Dublin Size of Fund: €5,155,414,206 and Belfast we advise trustees, employers Fund Range: > 500M and employee representatives on both Segregated/Unitised and Insured: private and public sector schemes. We Segregated, Unitised benefit from the unrivalled expertise and Have Member Trustees: Yes knowledge of the Eversheds Sutherland Corporate/Individual Tr/Both: global reach which comprises of 66 offices Individual Trustee across 32 jurisdictions.

Address Eugene F. Collins Solicitors One Earlsfort Centre Address Earlsfort Terrace Temple Chambers Dublin 2 3 Burlington Road Ireland Dublin 4 Tel: +353 1 6644200 Ireland www.eversheds-sutherland.ie Tel: +353 1 2026400 Contacts www.efc.ie Member Rep: Peter Fahy CEO/Managing Director: Alan Murphy Finance: Mike Smith European Pensioneer Trustee Providers Co. Ltd Investment Manager: Merrion Investment Managers, Appian Wealth Management Address Categories 29 Windsor Place DB/DC: Defined Contribution Dublin 2 Contributory/Non-Contributory: Ireland Contributory Tel: +353 1 6815290 Fund Range: 0-25M Numbers Have Member Trustees: Yes Total Number of Employees: 6 Corporate/Individual Tr/Both: Individual Trustee

IAPF YEARBOOK 2019 103 E

EY EY Pension Schemes

We know that in today’s world, employers EY is one of the leading firms of and pension schemes are facing accountants and business advisors in the unprecedented challenges. At EY, we are country with a wide range of clients who helping sponsors and trustees address these operate in all sectors of the Irish economy. challenges, providing a fresh perspective Over 1200 people are employed in the and a truly independent viewpoint. Our firm. The principal office is in Dublin with breadth of experience and service offering regional offices in Cork, Limerick and mean we can provide real insight across the Waterford. The Irish firm is a member full range of pension and HR issues. Practice of EY Global, an organisation spanning over 150 countries and drawing Professional services include actuarial on the skills and knowledge of in excess of consultancy, pensions assurance, HR 190,000 people. consulting and reward, scheme governance reviews, and tax services. Address Ernst & Young Building Address Harcourt Centre Ernst & Young Building Harcourt Street Harcourt Centre Dublin 2 Harcourt Street Ireland Dublin 2 Tel: +353 1 4750555 Ireland www.ey.com/ireland Tel: +353 1 4750555 Contacts www.ey.com/ireland Pension Manager: Julianna Oladipo Contacts Chairman: Declan O’Neill Member Rep: Christopher Bown Trustee(s): Niall Coveney, Dargan FitzGerald, Pat O’Brien, Declan O’Neill, Catherine Vaughan Providers Investment Manager: Irish Life, Aberdeen Standard Investments, Schroders Solicitors: A&L Goodbody Investment Consultant: Mercer Investment Consulting, Willis Towers Watson Actuary: Willis Towers Watson Auditor: Grant Thornton Administrator: Willis Towers Watson

104 IAPF YEARBOOK 2019 E—F

Numbers DB/DC: Multi Total Number of Employees: 1225 Contributory/Non-Contributory: Deferred Pensioners: 777 Contributory Pensioners: 27 Size of Fund: €150,000,000 Active Members: 579 Fund Range: 101-250M Total Scheme Members: 1383 Segregated/Unitised and Insured: Unitised Categories Have Member Trustees: Yes Integrated with State Scheme: Yes Corporate/Individual Tr/Both: Irish Pension Scheme: Yes Corporate Body Self Administered Scheme: No DB/DC: Multi Contributory/Non-Contributory: Finastra Ireland Limited Contributory International Financial Software Fund Range: 26-100M Development Company Have Member Trustees: Yes Corporate/Individual Tr/Both: Address Individual Trustee First Floor, Block G Eastpoint Business Park Clontarf FBD Insurance Group Ltd. Dublin 3 FBD is one of the country’s largest insurers Ireland with local sales offices nationwide. It Tel: +353 1 6361000 provides protection for a wide range of www.finastra.com customer general insurance needs. Contacts Member Rep: Anne Teggart In the life assurance and pensions Trustee(s): Patricia Malin, Kieran O’Dowd sector it provides financial planning Pension Manager: Anne Teggart advisory services. HR: Anne Teggart Categories Address Integrated with State Scheme: No FBD House Irish Pension Scheme: Yes Bluebell Self Administered Scheme: No Dublin 12 DB/DC: Defined Contribution Ireland Contributory/Non-Contributory: Tel: +353 1 4282344 Contributory www.fbd.ie Segregated/Unitised and Insured: Contacts Segregated, Unitised, Insured Member Rep: Sean Barnes Have Member Trustees: Yes Numbers Total Number of Employees: 957 Deferred Pensioners: 391 Pensioners: 97 Active Members: 768 Total Scheme Members: 1256 Categories Integrated with State Scheme: Yes Irish Pension Scheme: Yes Self Administered Scheme: Yes

IAPF YEARBOOK 2019 105 F

First State Investments FMC International Manufacture pharmaceutical excipients and food ingredients. Part of the Health and Nutrition division of FMC Corporation.

Address First State Investments forms part of the Wallingstown consolidated asset management business Little Island of the Commonwealth Bank of Australia. Cork This association gives us the strength Ireland of capital required to bring innovative Tel: +353 21 4517221 products to market. Our investment http://www.fmcbiopolymer.com/ teams are structured so that they’re given a strong sense of portfolio ownership Contacts by way of team-focused incentives. We Member Rep: Kieran Hannon believe this promotes commitment and Trustee(s): Kieran Hannon, Pat Higgins, intellectual engagement, aligning our Michael O’Connell interests and success with those of our Providers clients. We manage segregated mandates Solicitors: Cawley & Co for clients globally and have offices in Auditor: KPMG Sydney, Melbourne, Auckland, London, Actuary: Aon Edinburgh, Frankfurt, Paris, New York, Investment Manager: State Street Global Louisville, Dubai, Hong Kong, Singapore, Advisors Jakarta and Tokyo. Numbers Total Number of Employees: 120 First State Investments has a range Deferred Pensioners: 11 of product solutions for investors Pensioners: 37 globally across a diverse range of asset Active Members: 113 classes. These include Australian equities, Total Scheme Members: 161 global equities, global emerging market equities, global resource equities, Categories global property securities, global listed Integrated with State Scheme: Yes infrastructure securities, global fixed Irish Pension Scheme: Yes interest and credit, emerging market debt Self Administered Scheme: No and short term investments. DB/DC: Hybrid Contributory/Non-Contributory: Both Address Fund Range: 0-25M Finsbury Circus House Have Member Trustees: Yes 15 Finsbury Circus Corporate/Individual Tr/Both: London EC2M 7EB Corporate Body United Kingdom Tel: +44 207 3326866 www.firststateinvestments.com Contacts Member Rep: Frank Glennon Investment: Frank Glennon, Alex Mackenzie Smith Finance: Frank Glennon

106 IAPF YEARBOOK 2019 F

Fórsa Categories Integrated with State Scheme: No Irish Pension Scheme: Yes Self Administered Scheme: No DB/DC: Defined Contribution Contributory/Non-Contributory: Contributory Have Member Trustees: Yes Corporate/Individual Tr/Both: Fórsa is a registered trade union and Corporate Body represents 80,000 public and private sector workers. It is affiliated to the Irish Congress of Trade Unions. Friends First Life Assurance Address Co Ltd Nerney’s Court Dublin D01 R2C5 Ireland Tel: +353 1 8171500 www.forsa.ie Contacts Member Rep: Matt Staunton Friends First provides a full range of Trustee(s): Geraldine O’Brien pension and life assurance products Numbers and services, which includes group life, Total Number of Employees: 125 and income continuance and pensions Categories investment and administration. Irish Pension Scheme: Yes Have Member Trustees: Yes Address Corporate/Individual Tr/Both: Friends First House Individual Trustee Cherrywood Business Park Loughlinstown Dublin 18 Frank Glennon (Life & Ireland Pensions) Ltd Tel: +353 1 6610600(0) Contacts Address Member Rep: Simon Hoffman Charlemont House Trustee(s): Eugene Gibney, Simon Hoffman Charlemont Place Investment: Eugene Gibney Dublin D02 XR80 Finance: Tom Browne Ireland Providers Tel: +353 1 7075880 Investment Manager: F & C Ireland www.glennons.ie Solicitors: McCann FitzGerald Contacts Accountant: Tom Browne, FIA Member Rep: Jeffrey Lord Actuary: Tom Browne, FIA Managing Director: David Glennon Auditor: PwC Numbers Administrator: Friends First Total Number of Employees: 106

IAPF YEARBOOK 2019 107 F—G

Numbers If you’d like to find out how we could help Total Number of Employees: 892 you boost engagement in your pension Deferred Pensioners: 363 benefits and in doing so help your members Pensioners: 68 towards better retirement outcomes please Active Members: 461 get in touch. Total Scheme Members: 892 Categories Address Integrated with State Scheme: Yes Liss Mill Irish Pension Scheme: Yes Mill Road Self Administered Scheme: No Liss DB/DC: Defined Benefit Hampshire GU33 7BD Contributory/Non-Contributory: United Kingdom Contributory Tel: +44 173 0891212 Segregated/Unitised and Insured: www.gallaghercommunication.com Segregated, Unitised Contacts Have Member Trustees: Yes Member Rep: Ryan Eves Corporate/Individual Tr/Both: Director: Matt Frost Individual Trustee

GAM Investments Gallagher Communication At GAM, we value original thinking, Gallagher Communication (formerly swift decision making and a disciplined SHILLING) is an employee communication approach to investing. Our job is to consultancy that specialises in pension put clients’ capital to work to help and benefits. them achieve their aspirations and make sense of the markets through our For 19 years we have been leading insights and investment acumen. We the way in pension communication manage EUR120 billion in assets for and our thought leadership continues to institutions, financial advisers and private be recognised by the industry in the UK investors. Our investment professionals & Ireland. work with integrity, conviction and an entrepreneurial mind-set. For more than We have a proven track-record in 30 years, we’ve been providing active developing and implementing bespoke investment solutions across asset classes. communication strategies that achieve With over 900 people in 13 countries, measurable engagement for Employers we are a truly global firm in scale and and Trustee Boards both in Ireland and resources, yet small enough to remain the UK. nimble and flexible to meet clients’ needs. Our specialist services include: Working with us means investing in honest foresight and human rigour and • Member/Employee research a fundamental belief in the potential of • Communication strategies capital. GAM: advancing potential. • Branding • Literature production Address • Benefit statements 20 King Street • Personalised print London SW1Y 6QY • Digital engagement United Kingdom • Tools and modellers Tel: +44 207 4939990 • Video and animation www.gam.com

108 IAPF YEARBOOK 2019 G

Contacts Total Scheme Members: 3381 Member Rep: Emmet Naughton Categories Numbers Irish Pension Scheme: Yes Total Number of Employees: 900 Self Administered Scheme: Yes DB/DC: Multi Contributory/Non-Contributory: Glanbia plc Contributory Size of Fund: €522,000,000 Glanbia plc is a global nutritional group, Fund Range: > 500M headquartered in Ireland with operations Have Member Trustees: Yes in 32 countries worldwide, with an annual Corporate/Individual Tr/Both: Both turnover of over €3.7 billion and 6,200 employees. Glanbia’s major production facilities are located in Ireland, the US, GlaxoSmithKline (Ireland) Ltd the UK, Germany and China. Glanbia has two global growth platforms in Glanbia GlaxoSmithKline, one of the world’s Performance Nutrition and Glanbia leading pharmaceutical companies, Nutritionals. Glanbia Performance has manufacturing facilities at Cork, Nutrition is the global leader in the Dungarvan and Sligo. It manages its Irish performance nutrition business. Glanbia commercial business from offices at the Nutritionals is a provider of sophisticated Citywest Business Campus in Dublin. and innovative nutritional solutions and The GlaxoSmithKline companies is the number one marketer of American- in Ireland are Irish subsidiaries of style cheddar cheese. Glanbia has a strong GlaxoSmithKline plc, one of the world’s heritage in Dairy Ireland and has key leading pharmaceutical companies. strategic long term partnerships in its Joint Ventures and Associates. Address 12 Riverwalk Address Citywest Business Campus Glanbia House Citywest Kilkenny Dublin 24 Ireland Ireland Tel: +353 56 7772200 Tel: +353 1 4955000 Providers Contacts Investment Manager: State Street Global Member Rep: Declan Bailey Advisors, KBI Global Investors, ILIM, Trustee(s): Declan Bailey, Des Burke, Principal, PIMCO, Standard Life, Nigel Corkery, Aidan Lynch Wellington Management, BNY Mellon HR: Declan Bailey Asset Management Ltd Providers Solicitors: Matheson Solicitors: McCann FitzGerald Accountant: PwC Auditor: PwC Actuary: Willis Towers Watson Actuary: Invesco Limited Auditor: PwC Investment Manager: Legal & General Administrator: Glanbia plc Categories Numbers Irish Pension Scheme: Yes Total Number of Employees: 2450 Self Administered Scheme: No Deferred Pensioners: 1339 DB/DC: Multi Pensioners: 926 Contributory/Non-Contributory: Active Members: 1116 Contributory

IAPF YEARBOOK 2019 109 G

Fund Range: 251-500M Contacts Have Member Trustees: Yes Member Rep: Chloe Goddard Corporate/Individual Tr/Both: Categories Individual Trustee DB/DC: Defined Benefit Contributory/Non-Contributory: Both Fund Range: 0-25M Goldman Sachs Asset Corporate/Individual Tr/Both: Both Management International Goldman Sachs Asset Management, (GSAM) is one of the leading global Goodbody investment managers, providing institutional investors with investment and advisory solutions, with strategies spanning asset classes, industries and geographies. Our investment solutions include fixed income, money markets, public equity, commodities, hedge Goodbody, part of the Fexco Group, is funds, private equity and real estate. Ireland’s longest established stockbroking Our clients access these solutions firm with roots dating back to 1874. As well through our proprietary strategies, as being one of the leading institutional strategic partnerships and our open brokers and corporate finance houses, we architecture programs. are one of the largest wealth management firms in Ireland. Over the years, we GSAM relationship and portfolio managers have gained considerable knowledge visit Dublin on a regular basis and host and expertise in Irish and international investment seminars throughout the investment markets and established a year. Over the years, we have successfully reputation built on expertise, innovation partnered with a number of high-profile and most importantly trust. As one of institutional investors where we have Ireland’s most experienced stockbroking focused on delivering highly tailored firms, we recognise that each client solutions and sharing our knowledge, has individual goals and requirements. expertise and best practices with the Depending on those needs, we can offer client. GSAM currently manages €2bn* clients a range of Wealth Management on behalf of Irish institutional investors, services from financial planning, bespoke including Irish pension plans, and has investment management to trading strong relationships with various Irish accounts for those clients with a shorter consultants, independent advisory firms term investment horizon. and corporates. Address *31st August 2017 AUM. 2, Ballsbridge Park Ballsbridge Address Dublin 4 River Court Ireland 120 Fleet Street Tel: +353 1 6670400 London EC4A 2BE www.goodbody.ie United Kingdom Contacts Tel: +44 20 77743542 Member Rep: Jim Connolly www.gsam.com Trustee(s): Johnny Cleary, Finbarr Griffin,

110 IAPF YEARBOOK 2019 G

Kathryn Hannon, Martin O’Hora HR: Sarah Downing Director: David Lowe Managing Director: Roy Barrett Finance: Johnny Cleary Grafton Group plc Pension Manager: Jim Connolly Providers Address Auditor: Byrne Moreau & Connell 2 Wythall Green Way Actuary: Invesco Limited Boundary House Administrator: Invesco Limited Wythall Investment Manager: Goodbody Birmingham B47 6LW Stockbrokers United Kingdom Numbers Tel: +44 156 4821612 Total Number of Employees: 250 Contacts Active Members: 250 Member Rep: Robin Glaze Total Scheme Members: 250 Pension Manager: Robin Glaze Categories Numbers Irish Pension Scheme: Yes Total Number of Employees: 1094 Self Administered Scheme: Yes Deferred Pensioners: 265 DB/DC: Defined Contribution Active Members: 1094 Contributory/Non-Contributory: Non Total Scheme Members: 1359 Contributory Categories Fund Range: 26-100M DB/DC: Multi Segregated/Unitised and Insured: Contributory/Non-Contributory: Segregated Contributory Have Member Trustees: Yes Corporate/Individual Tr/Both: Both Grant Thornton

Governance Matters Limited Chartered Accountants Financial Advisers

Governance Matters is an independent Address consultancy business providing services 24-26 City Quay in the areas of Governance, Compliance Dublin 2 and Risk Management to the Pensions and Ireland Insurance industry. Tel: +353 1 6805742 Contacts Address Member Rep: Conail Flynn Tearmainn Dara Providers Rathmore West Custodian: Citibank, AIB NY Eadestown Solicitors: Arthur Cox Kildare Administrator: Willis Ltd Ireland Investment Manager: F & C Ireland, ILIM, Tel: +353 45 862218 New Ireland www.governancematters.ie Numbers Contacts Total Number of Employees: 58 Member Rep: Seamus Hughes CEO/Managing Director: Seamus Hughes Categories Integrated with State Scheme: No

IAPF YEARBOOK 2019 111 G

Irish Pension Scheme: Yes Categories Self Administered Scheme: Yes Integrated with State Scheme: No DB/DC: Defined Contribution Irish Pension Scheme: Yes Contributory/Non-Contributory: Self Administered Scheme: No Contributory DB/DC: Defined Contribution Size of Fund: €1,700,000 Contributory/Non-Contributory: Fund Range: 0-25M Contributory Segregated/Unitised and Insured: Size of Fund: €10,000,000 Segregated Fund Range: 0-25M Have Member Trustees: No Have Member Trustees: Yes Corporate/Individual Tr/Both: Corporate/Individual Tr/Both: Both Corporate Body

Greenman Investments Greencore Group plc Greenman is a sector specific real estate investment fund manager, authorised by the Central Bank of Ireland as an AIFM. Our focus is to provide investors with consistent income. We achieve this by acquiring one asset type - German Fachmarktzentren.

We have 6 operational funds that own 53 Address German centres valued at c. €395m, with No. 2 Northwood Avenue a combined let area of c.224,427 sqm, let Northwood Business Park to Germany’s largest food retailers. They Santry generate large income surpluses which are Dublin 9 distributed to investors annually. Ireland Tel: +353 1 6051000 As recognised Fachmarktzentren www.greencore.com specialists we have the local knowledge, market understanding and industry Contacts relationships to acquire centres that can Member Rep: Conor O’Leary generate the returns needed to consistently Pension Manager: Conor O’Leary meet our funds’ targets. HR: Conor O’Leary Providers Address Solicitors: A&L Goodbody Crescent Hall Auditor: BDO Simpson Xavier Mount Street Crescent Actuary: Mercer Dublin D02 YF20 Investment Manager: Irish Life Ireland Numbers Tel: +353 1 6471121 Deferred Pensioners: 61 www.greenman.com Active Members: 50 Total Scheme Members: 111

112 IAPF YEARBOOK 2019 H

Harvest Financial HC Financial Services Limited Advisers Limited

FINANCIAL

Harvest Financial Services Ltd (Harvest) HC Financial Advisers Limited is the has grown to be one of Ireland’s leading largest independent financial services financial advisory firms, providing consultancy in the West of Ireland. We pensions, investments and financial provide comprehensive employee benefits planning solutions to our clients. Wholly consulting services to small, medium owned by its management, Harvest and large firms. We also offer individual has been trading since 1993 and now and corporate trustee services to pension employs over 50 highly qualified staff. schemes depending on their needs. We administer approximately €1 billion Our employee engagement programme assets on behalf of pension funds, private is available to all multinational and individuals, corporations and charities. indigenous companies. We also have a Non-aligned with any third party trustee company, HC Pensioneer Trustees institution, Harvest can bring the whole DAC., which is a wholly owned subsidiary world of investment opportunity to our of HC Financial Advisers Limited. clients. Occasionally, where Harvest can not source the appropriate investment to Address meet client needs from the market, Harvest Oranmore Business Park will develop an in-house structure that Oranmore brings the opportunity to our clients. Galway Harvest is primarily a fee-based advisory Ireland firm and cost transparency is at the core of Tel: +353 91 788000 everything we do. Furthermore, wherever www.hcgroup.ie possible, Harvest involve the client directly Contacts in the investment process, ensuring that Member Rep: Brian Molloy funds only go where they want them to go. Pension Manager: Mairead Feeney CEO/Managing Director: Gerry Cuddy Address Block 3 The Oval Shelbourne Road Ballsbridge Dublin D04 T8F2 Ireland Tel: +353 1 2375500 www.harvestfinancial.ie Contacts Member Rep: Emer Kirk Pension Manager: Emer Kirk

IAPF YEARBOOK 2019 113 H

Heinz H J Company (Ireland) Ltd Providers Auditor: PwC Sales, Marketing & Distribution of Food Solicitors: McCann FitzGerald Products in Ireland. Custodian: Northern Trust Independent Trustee: Trustee Principles Address Administrator: Mercer Stradbrook House Investment Manager: Insight Investment Stradbrook Road Blackrock Numbers Co Dublin Total Number of Employees: 34 Ireland Deferred Pensioners: 33 Tel: +353 1 2805757 Pensioners: 212 Active Members: 28 Providers Total Scheme Members: 273 Auditor: PwC Solicitors: McCann FitzGerald Categories Investment Manager: Irish Life Integrated with State Scheme: No Investment Managers Irish Pension Scheme: Yes Self Administered Scheme: No Numbers DB/DC: Defined Benefit Total Number of Employees: 17 Contributory/Non-Contributory: Deferred Pensioners: 49 Contributory Pensioners: 2 Size of Fund: €94,000,000 Active Members: 12 Fund Range: 26-100M Total Scheme Members: 63 Segregated/Unitised and Insured: Categories Segregated Integrated with State Scheme: Yes Have Member Trustees: No Irish Pension Scheme: Yes Corporate/Individual Tr/Both: Individual Self Administered Scheme: Yes Trustee DB/DC: Defined Benefit Contributory/Non-Contributory: Contributory Hewlett Packard Size of Fund: €11,300,000 Fund Range: 0-25M Segregated/Unitised and Insured: Unitised Have Member Trustees: Yes Corporate/Individual Tr/Both: Individual Trustee

Henry Ford and Sons Ltd Motor Vehicle Wholesale Distribution. Address Ballybrit Business Park Address Ballybrit Elm Court Galway Boreenmanna Road Ireland Cork T12 HHW2 Tel: +353 91 754000 Ireland Contacts Tel: +353 21 4329277 Member Rep: Louise Hayes www.ford.ie Trustee(s): Louise Hayes

114 IAPF YEARBOOK 2019 H

Providers Self Administered Scheme: No Actuary: Mercer DB/DC: Defined Benefit Auditor: EY Contributory/Non-Contributory: Solicitors: A&L Goodbody Contributory Numbers Have Member Trustees: Yes Deferred Pensioners: 656 Corporate/Individual Tr/Both: Both Pensioners: 312 Active Members: 128 Categories Horse Racing Ireland Integrated with State Scheme: No Address Irish Pension Scheme: Yes Ballymany Self Administered Scheme: No The Curragh DB/DC: Defined Benefit Co Kildare Contributory/Non-Contributory: Ireland Contributory Tel: +353 45 455455 Fund Range: 251-500M www.goracing.ie Have Member Trustees: Yes Contacts Corporate/Individual Tr/Both: Member Rep: Claire Rudd Individual Trustee HR: Carol Nolan Finance: Suzanne Eade, Claire Rudd Hollister ULC

Address House of Fraser (Ireland) Foxford Road Pension Trust Ltd Rehins Ballina Address Co Mayo 27 Baker Street Ireland London W1U 8AH Tel: +353 96 60600 United Kingdom Tel: +44 207 0034470 Contacts www.houseoffraser.co.uk Member Rep: Tom Horkan Finance: Lorraine McDermott Contacts HR: Tom Horkan Member Rep: Suzanne Willshire Pension Manager: Suzanne Willshire Providers Auditor: Deloitte Providers Solicitors: McCann FitzGerald Investment Manager: Legal & General Investment Manager: State Street Global Solicitors: Matheson Advisors Investment Consultant: Aon Actuary: Aon Numbers Auditor: RSM Ireland Total Number of Employees: 550 Administrator: Equiniti Paymaster Deferred Pensioners: 50 Pensioners: 50 Numbers Active Members: 350 Deferred Pensioners: 46 Total Scheme Members: 450 Pensioners: 7 Active Members: 27 Categories Total Scheme Members: 80 Integrated with State Scheme: Yes Irish Pension Scheme: Yes

IAPF YEARBOOK 2019 115 H—I

Categories Members get unrivalled access to market Integrated with State Scheme: No data, economic and legal briefings, Irish Pension Scheme: Yes executive networking events and sector- Self Administered Scheme: Yes specific conferences across the entire DB/DC: Defined Benefit economy. Members can also tap into the Contributory/Non-Contributory: scale of our employment law and HR Contributory practice to support with employee relations Size of Fund: €1,426,250 and HR policies and procedures. Fund Range: 0-25M Segregated/Unitised and Insured: Unitised Address Have Member Trustees: Yes 84-86 Lower Baggot Street Corporate/Individual Tr/Both: Dublin 2 Corporate Body Ireland Tel: +353 1 6051500 www.ibec.ie Ibec

IBM Ireland Ltd Supplier of computer products, software and services. Established in Ireland in 1956. Part of the IBM Corporation. Also has a technology campus employing 2,000+ in Mulhuddart, Co. Dublin and a PC support and telemarketing centre in Blanchardstown, employing 1,200.

Address IBM House Ibec is Ireland’s largest, most influential Shelbourne Road and best known business representation Ballsbridge organisation. Along with its 40+ industry Dublin 4 sector associations, Ibec lead, shape and Ireland promote business conditions to drive Tel: +353 1 8154000 economic growth and secure prosperity, right across the country. Contacts Trustee(s): Edward Adams, Philip Cassidy, Ibec proudly represent a diverse Rosemaree Danaher, Mark Fox, Patrick membership of over 7,500 businesses; Grant, Rijk Griffioen, Bernadette Keating, home grown, multinational, big and small, Bernard Neeson, Eileen Shanahan spanning every sector of the economy. Ibec HR: Eileen Shanahan works with its members to develop policy Finance: Rosemaree Danaher in key areas of interest - from shaping an Categories agile flexible labour market to promoting Irish Pension Scheme: Yes ambitious investment in critical public Self Administered Scheme: No infrastructure and education systems. DB/DC: Multi Contributory/Non-Contributory: Contributory Have Member Trustees: Yes Corporate/Individual Tr/Both: Individual Trustee

116 IAPF YEARBOOK 2019 I

ICOS/DEA Pension Trustees Ltd Independent Trustee Limited

Address Plunkett House 84 Merrion Square Dublin 2 Ireland Tel: +353 1 6764783 Contacts Member Rep: Gerry Armstrong Pension Manager: Gerry Armstrong Independent Trustee Limited is an Finance: Brian O’Dowd established provider of independent professional trusteeship services to Providers occupational pension schemes, private Solicitors: Arthur Cox trusts and share schemes. ITL is supported Auditor: Gerard P Reynolds & Assoc. by a wealth of experienced professionals in Actuary: Mercer the fields of trusteeship, pensions and law. Investment Manager: State Street Global ITL can act as either sole or joint trustee Advisors, ILIM, Mercer or through participation on a board of a Numbers trustee company to suit the needs of the Total Number of Employees: 46 scheme. The services and expertise we offer Deferred Pensioners: 51 are of increasing importance in today’s Pensioners: 62 environment of changing compliance and Active Members: 46 governance requirement. Total Scheme Members: 159 Categories Address Integrated with State Scheme: No Harmony Court Irish Pension Scheme: Yes Harmony Row Self Administered Scheme: Yes Dublin 2 DB/DC: Defined Benefit Ireland Contributory/Non-Contributory: Tel: +353 1 6148079 Contributory www.trustee.ie Fund Range: 26-100M Contacts Segregated/Unitised and Insured: Member Rep: Elma Fox Segregated Trustee(s): Elma Fox Have Member Trustees: Yes Director: Elma Fox Corporate/Individual Tr/Both: Corporate Body

IAPF YEARBOOK 2019 117 I

Insight Investment Intel Ireland Ltd

Address Collinstown Industrial Estate Leixlip Co Kildare Ireland Tel: +353 1 6067000 www.intel.com Insight Investment is a leading global Contacts asset manager delivering bespoke risk Member Rep: Denise Twomey management solutions to a wide range of Pension Manager: Denise Twomey clients across liability driven investment Categories (LDI), active fixed income, multi-asset, Integrated with State Scheme: Yes liquidity solutions, absolute return, DB/DC: Multi currency risk management and specialist Contributory/Non-Contributory: equity strategies. Contributory Corporate/Individual Tr/Both: Both We aim to develop resilient portfolios to meet our clients’ specific requirements. Our investment strategies are designed to Invesco Ltd evolve dynamically to meet changing needs and stay ahead of market developments. We remain at the forefront of recognising the importance of liabilities for pension schemes and are a pioneer of LDI which has been a significant contributor to protecting funding levels over the past decade. Invesco Limited is Ireland’s largest privately owned Employee Benefits Located across the globe, our clients Consultancy, providing comprehensive include pension schemes (both defined employee benefits, administration and benefit and defined contribution), actuarial services to a wide range of corporations, insurers, sovereign wealth multinational and indigenous companies. funds, wealth managers, financial institutions, charities and private We are unique in the Irish market individuals. We have a significant place, in that we offer a single pension institutional client base in Ireland who administration platform catering for invest across a wide range of our solutions. DC, DB and AVC schemes, allowing all members full 24/7 access to their Address pension accounts. 160 Queen Victoria Street London EC4V 4LA Address United Kingdom 2 Sandyford Business Centre Tel: +44 207 3211547 Burtonhall Road www.insightinvestment.com Sandyford Contacts Dublin 18 Member Rep: Mark Ashley Ireland Tel: +353 1 2947600 www.invesco.ie

118 IAPF YEARBOOK 2019 I

Contacts Investec Asset Management Member Rep: Des McGarry HR: Niamh Moore Managing Director: Des McGarry Providers Actuary: Frank Downey Asset Management Accountant: Hilary McCowen Auditor: Mazars Solicitors: Mangan O’Beirne Investec Asset Management is a specialist Investment Manager: Irish Life investment manager, providing a premier range of products to institutional and Numbers individual investors. Employees are equity Total Number of Employees: 105 stakeholders in the firm. Established in Active Members: 80 1991, the firm has been built from start-up Total Scheme Members: 80 into an international business managing Categories approximately US$124bn* on behalf of DB/DC: Defined Contribution third party clients. We have grown from Contributory/Non-Contributory: domestic roots in Southern Africa and Contributory the UK to a position where we proudly Fund Range: 0-25M serve a growing international client Corporate/Individual Tr/Both: base from the Americas, Europe, Asia, Corporate Body Australia, the Middle East and Africa. We employ over 184 investment professionals. The firm seeks to create a profitable Invesco Perpetual partnership between clients, shareholders Invesco Perpetual forms part of and employees, and to exceed clients’ Invesco Ltd., one of the world’s performance and service expectations. leading independent global investment Investec Asset Management is a significant management organisations. This component and independently managed allows us to offer our institutional entity within the Investec Group, which is clients specialised investment expertise, listed in London and Johannesburg. delivering diversified investment strategies *as at end June 2017 for asset classes ranging from equity, fixed income and multi asset, to other Address alternatives including real estate, private 25 Basinghall Street equity and commodities. Woolgate Exchange London EC2V 5HA Address United Kingdom 43 - 45 Portman Square Tel: +44 207 5972101 London W1H 6LY www.investecassetmanagement.com United Kingdom Tel: +44 207 5433556 Contacts www.invescoperpetual.co.uk/institutional Member Rep: Ethan Allen Contacts Member Rep: Stephen Messenger Trustee(s): Stephen Messenger Investment: Stephen Messenger Numbers Total Number of Employees: 5800

IAPF YEARBOOK 2019 119 I

IPUT plc Address The Times Building IPUT is the largest unlisted property 11-12 D’Olier Street vehicle in Ireland with an unrivalled track Dublin 2 record in delivering superior income Ireland returns to shareholders. Tel: +353 1 6718655 www.iaa.ie Address 47/49 St. Stephen’s Green Contacts Dublin 2 Member Rep: Maeve Hogan Ireland Trustee(s): Maeve Hogan Tel: +353 1 6613499 Finance: Maeve Hogan www.iput.com Providers Contacts Solicitors: Eversheds Sutherland Member Rep: Pat McGinley Auditor: KPMG Finance: Pat McGinley Actuary: Mercer Administrator: Mercer Categories Investment Manager: Mercer Irish Pension Scheme: No Contributory/Non-Contributory: Both Numbers Size of Fund: €2,400,000,000 Total Number of Employees: 660 Fund Range: > 500M Deferred Pensioners: 88 Corporate/Individual Tr/Both: Pensioners: 423 Corporate Body Active Members: 636 Categories Integrated with State Scheme: Yes Irish Aviation Authority Irish Pension Scheme: Yes Self Administered Scheme: No DB/DC: Multi Contributory/Non-Contributory: Contributory Size of Fund: €540,000,000 Fund Range: > 500M Segregated/Unitised and Insured: Segregated The Irish Aviation Authority (IAA) Have Member Trustees: Yes is Ireland’s civil aviation authority. It Corporate/Individual Tr/Both: Both manages air traffic in Irish controlled airspace covering approximately 450,000 square kilometers and regulates the Irish Blood Transfusion Service aviation safety standards with which Irish Address aviation operators must comply. These National Blood Centre safety standards are set internationally. James’s Street Approximately 90% of all air traffic Dublin 8 between Europe and North America Ireland currently use Irish controlled airspace. Tel: +353 1 4322800 The IAA is a commercial Semi-State Contacts company. Member Rep: Paul Kelly Trustee(s): John Crowley, Paul Kelly, Peter McDonnell, Noel Murphy, Jane O’Brien

120 IAPF YEARBOOK 2019 I

Mullins, Nessan Rickard Deferred Pensioners: 213 Numbers Pensioners: 832 Total Number of Employees: 577 Active Members: 191 Deferred Pensioners: 542 Total Scheme Members: 1236 Pensioners: 161 Categories Active Members: 442 Integrated with State Scheme: Yes Total Scheme Members: 1145 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: Self Administered Scheme: No Contributory DB/DC: Defined Benefit Size of Fund: €286,255,000 Segregated/Unitised and Insured: Unitised Fund Range: 251-500M Have Member Trustees: Yes Segregated/Unitised and Insured: Corporate/Individual Tr/Both: Segregated Individual Trustee Have Member Trustees: Yes Corporate/Individual Tr/Both: Corporate Body Irish Cement Ltd Irish Co-Operative Societies’ Pension Scheme

Address Plunkett House 84 Merrion Square Irish Cement Limited, a company Dublin 2 within the CRH Group, is a producer Ireland of cementitious materials for the Irish, Tel: +353 1 6764783 Northern Ireland and overseas markets. Contacts Address Member Rep: Gerry Armstrong Platin Finance: Brian O’Dowd Drogheda Providers Co Louth Solicitors: Arthur Cox Ireland Auditor: Gerard P Reynolds & Assoc. Tel: +353 41 9876000 Actuary: Mercer www.irishcement.ie Investment Manager: State Street Global Contacts Advisors, AllianceBernstein Member Rep: John Corbett Numbers Trustee(s): John Corbett, Tom Healy, Eddie Deferred Pensioners: 1092 McDonnell, Jack Slattery Pensioners: 1096 Providers Active Members: 1230 Auditor: EY Total Scheme Members: 3418 Actuary: Willis Towers Watson Categories Administrator: Irish Cement Limited DB/DC: Defined Benefit Investment Manager: Capital International, Contributory/Non-Contributory: KBI Global Investors, BlackRock, Irish Life Contributory Numbers Fund Range: 101-250M Total Number of Employees: 231 Have Member Trustees: Yes

IAPF YEARBOOK 2019 121 I

Corporate/Individual Tr/Both: BL, Heissmann Consultants (Irl) Ltd Individual Trustee Actuary: Derek McNamee FIA Auditor: Mazars Administrator: In House Irish Distillers Limited Numbers Deferred Pensioners: 133 Pensioners: 440 Active Members: 430 Total Scheme Members: 1003 Categories Integrated with State Scheme: Yes Irish Pension Scheme: Yes Irish Distillers distils and distributes Self Administered Scheme: No internationally a range of famous Irish DB/DC: Defined Benefit whiskey, gin and vodka brands. Contributory/Non-Contributory: Both Our Irish Whiskeys include the Jameson Fund Range: 26-100M family, Powers, Paddy, and a range of Segregated/Unitised and Insured: deluxe whiskeys including Midleton Segregated Very Rare and Redbreast. Along with our Have Member Trustees: Yes whiskeys we have one Gin product: Cork Corporate/Individual Tr/Both: Dry Gin, and in the Vodka category we Corporate Body have ABSOLUT and Huzzar vodka.

We also distribute a range of international Irish Ferries Ltd brands such as Havana Club, Malibu, Kahlua, Stolichnaya vodka and many more. Jameson, the world’s leading Irish whiskey brand reached sales of two million cases for the first time in early 2006.

Address Simmonscourt House Simmonscourt Road Irish Ferries is a wholly owned Ballsbridge subsidiary of Irish Continental Group Dublin 4 plc and is Ireland’s largest passenger car Ireland ferry and roll-on, roll-off freight ferry Tel: +353 1 2129000 services operator. www.pernod-ricard.com Address Contacts P.O. Box 19 Member Rep: Claire Nolan Ferryport Trustee(s): Tom Dunphy, Matt Lyons, Pat Alexandra Road Magee, Colm Maguire, Robert McDonald, Dublin D01 W2F5 Michael Power Ireland Pension Manager: Claire Nolan Tel: +353 1 6075700 Providers www.irishferries.com Investment Manager: State Street Global Contacts Advisors, Legal & General Member Rep: John Gray Solicitors: A&L Goodbody, Conor Lynch Pension Manager: John Gray

122 IAPF YEARBOOK 2019 I

Providers Irish Forestry Unit Trust Solicitors: Matheson Auditor: Deloitte Actuary: Willis Towers Watson Investment Manager: Legal & General Independent Trustee: Irish Ferries Pension Trustee Limited Numbers Deferred Pensioners: 525 Irish Forestry Unit Trust (IForUT), Pensioners: 685 established in 1994, is a unit trust for Active Members: 101 investment in forestry by Irish pension Total Scheme Members: 1311 funds and charities. Its objective is to Categories provide a competitive, long term real Integrated with State Scheme: Yes rate of return with low risk and volatility Irish Pension Scheme: Yes through investment in, and management Self Administered Scheme: Yes of, forest assets. DB/DC: Multi IForUT operates two separate funds Contributory/Non-Contributory: investing in Irish forestry and North Contributory American forestry respectively. Fund Range: 101-250M Have Member Trustees: Yes Address Corporate/Individual Tr/Both: Suite 5, Woodford Court Individual Trustee Woodford Business Park Santry Dublin 17 Irish Flavours & Fragrances Ltd Ireland Tel: +353 1 8623440 Address www.iforut.ie Smamore Ardee Contacts Co Louth Member Rep: Brendan Lacey Ireland Providers Tel: +353 87 2889167 Auditor: PwC Contacts Solicitors: McCann FitzGerald Member Rep: John Byrne Categories Trustee(s): John Byrne Size of Fund: €320,000,000 Numbers Fund Range: 251-500M Total Number of Employees: 1 Segregated/Unitised and Insured: Unitised Deferred Pensioners: 61 Pensioners: 15 Active Members: 1 Total Scheme Members: 77 Categories DB/DC: Defined Benefit Contributory/Non-Contributory: Contributory Fund Range: 0-25M Corporate/Individual Tr/Both: Individual Trustee

IAPF YEARBOOK 2019 123 I

Irish Life Assurance Irish Life Corporate Business Irish Life is one of Ireland’s leading financial institutions in life assurance, pensions and investments for companies and individuals. The company has an outstanding reputation for innovation and is committed to providing exceptional Irish Life Corporate Business is the biggest customer service throughout its operations. provider of employee benefit solutions in Ireland. We work with employers across Irish Life is part of the Great-West Lifeco the country, supporting group pension and group of companies, one of the world’s group insurance plans for their employees. leading life assurance organisations. Our mission is to help people provide a Address secure financial future for themselves and Irish Life Centre their families. Lower Abbey Street Dublin 1 Irish Life EMPOWER is a new approach to Ireland company pensions that helps change the Tel: +353 1 7042000 way employees think about their future. www.irishlife.ie We want to ensure that employers have Contacts the best possible company pension plan. A Member Rep: Anne Marie Madden great company pension plan can help get Pension Manager: Anne Marie Madden better outcomes, both for a business and for its employees. Providers Solicitors: A&L Goodbody We constantly research, develop and Auditor: Smith Williamson Freaney enhance our products and services. Our Actuary: Mercer award winning innovation is backed Investment Manager: Irish Life by the highest standards of customer Numbers service. Since 2013 we also have the global Total Number of Employees: 2963 experience and expertise of the Great-West Deferred Pensioners: 2436 LifeCo group of companies. Pensioners: 775 Active Members: 2728 Address Total Scheme Members: 5939 Irish Life Centre Lower Abbey Street Categories Dublin 1 Integrated with State Scheme: Yes Ireland Irish Pension Scheme: Yes Tel: +353 1 7042000 Self Administered Scheme: Yes Irish Life EMPOWER is a new approach to company www.irishlifecorporatebusiness.ie pensions that helps change the way your employee s think DB/DC: Multi about their future. Contributory/Non-Contributory: Contacts To see how Irish Life could help empower your employees: Contributory Member Rep: Sean Egan Size of Fund: €1,364,586,000 Arrange a mo at IrishLife.i Fund Range: > 500M Call us on Segregated/Unitised and Insured: Unitised Talk to your io col Have Member Trustees: Yes Corporate/Individual Tr/Both: ow i li. i i. Individual Trustee

All information sourced for Irish Life, November 2017. In the interest of customer service we may record and monitor calls.

Irish Life Assurance plc is regulated by the Central Bank of Ireland. 6597cb (NPI 10-18) 124 IAPF YEARBOOK 2019 I

Irish Life EMPOWER is a new approach to company pensions that helps change the way your employee s think about their future. To see how Irish Life could help empower your employees:

Arrange a mo at IrishLife.i Call us on Talk to your io col ow i li. i i.

All information sourced for Irish Life, November 2017. In the interest of customer service we may record and monitor calls.

Irish Life Assurance plc is regulated by the Central Bank of Ireland. 6597cb (NPI 10-18) IAPF YEARBOOK 2019 125 I

Irish Life Investment Managers Irish Pensions Trust Limited

Address 25 - 28 Adelaide Road Dublin 2 Ireland Tel: +353 1 6048160 Irish Life Investment Managers is the Contacts largest manager of Irish pension fund Member Rep: Michael Walsh assets and offers a full range of investment CEO/Managing Director: Michael Walsh options including LDI solutions, world class indexation, quant strategies and multi asset funds. ILIM’s Defined Contribution ITM Limited team offer full sponsor, trustee and member support services together with an innovative range of investment solutions for DC members.

Address Beresford Court Beresford Place ITM is the leading independent specialist Dublin 1 provider of data, administration consulting Ireland and systems. We work with a variety of Tel: +353 1 7041200 clients from a range of sectors including www.ilim.com pensions, financial services and HR. Our Contacts services are unique. Our independence and Member Rep: Eunice Dreelan expertise are key reasons why ITM is the Pension Manager: Eoin Keating provider of choice. Find out what makes Numbers us different and why we are the fastest Total Number of Employees: 200 growing organisation in our sector. Our Categories services are provided either as a consulting Integrated with State Scheme: Yes project or under a longer term co-sourcing Irish Pension Scheme: Yes contract and include: - Data review & data Self Administered Scheme: Yes cleanse - Benefit audits - Data migration - DB/DC: Multi System implementation - Administration Contributory/Non-Contributory: consulting. Please contact us regarding Contributory any of the above and to book a free Segregated/Unitised and Insured: Unitised demonstration of our PenScope pension Have Member Trustees: Yes administration software and e-DAaRT Corporate/Individual Tr/Both: data analysis software. Individual Trustee Address 2nd Floor Minster House 42 Mincing Lane London EC3R 7AE United Kingdom Tel: +44 207 6489990 www.itmlimited.com

126 IAPF YEARBOOK 2019 I—J

Numbers Address Total Number of Employees: 120 Cherrywood House Active Members: 60 Cherrywood Business Park Total Scheme Members: 60 Loughlinstown Categories Dublin 18 DB/DC: Defined Benefit Ireland Contributory/Non-Contributory: Both Tel: +353 1 6362700 Fund Range: 0-25M www.lam.ie Corporate/Individual Tr/Both: Both Contacts Member Rep: Michael Lacey Trustee(s): Michael Lacey Janus Henderson Investors Numbers Address Total Number of Employees: 43 201 Bishopsgate London EC3M 3AE Categories United Kingdom Integrated with State Scheme: No Tel: +44 207 8181818 Fund Range: 0-25M www.janushenderson.com/ukii Segregated/Unitised and Insured: Insured Have Member Trustees: No Contacts Corporate/Individual Tr/Both: Member Rep: Mark Fulwood Corporate Body

JLT Financial Planning Ltd John A. Wood Pension Trustees Ltd The John A. Wood Pension Scheme is one of a number of schemes operated for employees of CRH plc in Ireland - The Building Materials Suppliers Group. JLT is one of the world’s largest providers of insurance, re-insurance and employee Its members are mainly employees benefits related advice, brokerage and of heretofore John A. Wood Ltd now associated services. Our services in Roadstone Ltd, CRH Group Services Ltd Ireland include pension administration, and ISAC-CRH Ltd. consultancy, health insurance and risk benefit broking and trusteeship. It commenced in 1974. John A. Wood Pension Trustees Ltd, the corporate trustee Our clients range from one man of the scheme, has a number of directors self administered schemes to multi- elected by the members. national Defined Benefit and Defined Contribution Plans. Address c/o Roadstone Ltd Fortunestown Tallaght Dublin 24 Ireland Tel: +353 1 4041200

IAPF YEARBOOK 2019 127 J

Contacts Address Member Rep: Frank McKeever Rathville House Pension Manager: Frank McKeever Kiltullagh Providers Athenry Solicitors: Babbington Galway H65 PF95 Auditor: EY Ireland Actuary: Willis Towers Watson Tel: +353 87 6184690 Investment Manager: Irish Life Investment Contacts Managers Member Rep: John Feely Numbers CEO/Managing Director: John Feely Deferred Pensioners: 135 Categories Pensioners: 253 Irish Pension Scheme: Yes Active Members: 80 DB/DC: Multi Total Scheme Members: 468 Categories Integrated with State Scheme: Yes Jones Lang LaSalle Limited Irish Pension Scheme: Yes Address Self Administered Scheme: No Styne House DB/DC: Defined Benefit Upper Hatch Street Contributory/Non-Contributory: Dublin 2 Contributory Ireland Fund Range: 101-250M Tel: +353 1 6731600 Segregated/Unitised and Insured: www.jll.ie Segregated Have Member Trustees: Yes Providers Corporate/Individual Tr/Both: Both Investment Manager: Northern Trust Property Adviser: Jones Lang LaSalle Solicitors: William Fry John Feely Accountant: KPMG Actuary: Joseph G Byrne FIA. John Feely is an independent professional Auditor: KPMG pension trustee for a portfolio of large Investment Consultant: KBC AM pension fund clients. He is an actuary Numbers with over 35 years’ experience in pensions Total Number of Employees: 95 management, investment management and Deferred Pensioners: 67 trusteeship. Pensioners: 14 John is a past chairman of the Irish Total Scheme Members: 81 Association of Pension Funds and has also Categories served as a director of PensionsEurope, the Integrated with State Scheme: Yes European representative body for pension Irish Pension Scheme: Yes funds. He is a Fellow of the Society of Self Administered Scheme: No Actuaries in Ireland and the Irish Institute DB/DC: Multi of Pensions Management, and has an MBA Contributory/Non-Contributory: Both from Henley Business School. Fund Range: 0-25M Segregated/Unitised and Insured: Insured Have Member Trustees: No Corporate/Individual Tr/Both: Both

128 IAPF YEARBOOK 2019 J

Joseph G. Byrne & Sons Categories Consulting Actuaries Ltd DB/DC: Defined Contribution Contributory/Non-Contributory: An Irish owned consulting firm that has Contributory provided consulting and actuarial advice Fund Range: 0-25M for over 30 years to both Companies, Corporate/Individual Tr/Both: Trustees and individuals. Corporate Body Our team of long established professionals provides a wealth of experience, independent pro-active advice JP Morgan Asset Management on complex issues and most importantly Address a personalised service tailored specifically J.P. Morgan House for our clients’ needs. IFSC Dublin 1 Our services include the following: Ireland • Corporate Pensions Consulting Tel: +353 1 6123353 • Pensions Restructuring and Plan www.jpmorganassetmanagement.com Reviews Contacts • Scheme Actuary Work Member Rep: Kevin Coughlan • Scheme Closure Management Providers • Defined Contribution Consulting Solicitors: A&L Goodbody • Member Communications Auditor: KPMG • Trustee Services - Byrne Pension Actuary: Mercer Trustees Investment Manager: Zurich • Dispute Resolution Categories • Provider Evaluation Integrated with State Scheme: Yes • Public Sector and Commercial Semi- Irish Pension Scheme: Yes state Consulting Self Administered Scheme: No • Investment Consulting DB/DC: Defined Contribution • Fiduciary Management Oversight Contributory/Non-Contributory: Non • Governance Contributory • Annuity Buy-out and Buy-in Fund Range: 0-25M • Personal Financial Planning Segregated/Unitised and Insured: Unitised • Wealth Management, Estate Planning Have Member Trustees: Yes Address Corporate/Individual Tr/Both: Both Elm House Leopardstown Office Park Sandyford Dublin 18 Ireland Tel: +353 1 2881618 [email protected] Contacts Member Rep: Joe Byrne CEO/Managing Director: John Byrne

IAPF YEARBOOK 2019 129 K

KBC Bank Ireland KBI Global Investors Ltd KBC Bank Ireland plc (‘KBC’) is a bank, which has been operating in Ireland for 40 years and has been a member of the KBC group since 1978.

Our parent, KBC Bank NV is one of Europe’s largest banks. KBC Bank NV KBIGI is an institutional asset manager is a member of the KBC group. Here in based in Dublin, managing approximately Ireland, KBC provides banking services to €7.9bn (as at 30th June 2016) in assets for customers throughout Ireland. Our 1,000+ clients based in Ireland, the UK, Europe, employees in Dublin, Cork, Limerick, North America and Asia. Galway, Kilkenny, Waterford and Kildare are dedicated to working in partnership We have been managing assets since 1980 with our customers to ensure their and currently manage specialist equity financial needs are met. We are committed strategies which are offered to institutional to delivering responsible but innovative investors. banking that is grounded in customer and We believe that we were the first manager shareholder value. to develop a diversified (all industries and Address regions) global equity strategy using a Sandwith Street dividend payout based methodology. This Dublin 2 strategy has consistently outperformed the Ireland MSCI World Index since its 2003 launch Tel: +353 1 6646000 with less risk and volatility. www.kbc.ie Our Natural Resource Strategies were Contacts launched in 2000 – again we were one of Member Rep: John Healy the first to market in identifying value- Trustee(s): Rickard Mills adding themes of the future and building a CEO/Managing Director: Wim Verbraeken specialist capability to enable our clients to Numbers gain investment exposure in these areas. Total Number of Employees: 1000 Each strategy is managed by specialist Deferred Pensioners: 537 teams with investment autonomy and Pensioners: 27 operational independence. Active Members: 978 Total Scheme Members: 1542 Address Categories 3rd Floor Integrated with State Scheme: Yes 2 Harbourmaster Place Irish Pension Scheme: Yes IFSC Self Administered Scheme: No Dublin 1 DB/DC: Defined Contribution Ireland Contributory/Non-Contributory: Both Tel: +353 1 4384456 Size of Fund: €31,874,356 www.kbigi.com Fund Range: 26-100M Contacts Have Member Trustees: Yes Member Rep: John Griffith Corporate/Individual Tr/Both: Trustee(s): Mabel Ward Corporate Body

130 IAPF YEARBOOK 2019 K

Providers Kerry Group plc Custodian: Northern Trust Custodial Kerry Group is global leader in Taste Services Ireland Ltd and Nutrition serving the food, beverage Auditor: EY and pharmaceutical industries, and a Actuary: Mr. Michael Madden FSAI leading supplier of added value brands and Administrator: Mercer customer branded foods to the Irish, UK Investment Manager: KBI Global Investors and selected international markets. Categories Segregated/Unitised and Insured: Unitised Address Have Member Trustees: Yes Prince’s Street Corporate/Individual Tr/Both: Tralee Individual Trustee Co Kerry Ireland Tel: +353 45 930659 Kellogg Europe Trading Ltd www.kerry.com Address Contacts c/o Kellogg Management Services Member Rep: Amanda King Kellogg UK and Ireland Pensions Pension Manager: Amanda King Orange Tower Finance: Conor Boyle MediaCityUK Salford M50 2HF United Kingdom Killarney Hotels Limited Tel: +44 800 0854905 Address www.kelloggs.com The Europe Hotel & Resort Contacts Fossa Member Rep: Maria Baugh Killarney Pension Manager: Maria Baugh, Kerry V93 KHN6 Helen Foster Ireland Providers Tel: +353 64 6671300 Accountant: PwC www.killarneyhotels.ie Numbers Contacts Total Number of Employees: 236 Member Rep: Leeann Keating Deferred Pensioners: 244 Director: Adrian Stehr Pensioners: 25 Trustee(s): Adrian Stehr Active Members: 231 HR: Leeann Keating Total Scheme Members: 500 Numbers Categories Total Number of Employees: 125 Integrated with State Scheme: Yes Active Members: 46 Irish Pension Scheme: Yes Total Scheme Members: 46 Self Administered Scheme: No Categories DB/DC: Multi Irish Pension Scheme: Yes Contributory/Non-Contributory: Self Administered Scheme: No Contributory DB/DC: Defined Contribution Size of Fund: €149,295,547 Contributory/Non-Contributory: Fund Range: 101-250M Contributory Segregated/Unitised and Insured: Unitised Have Member Trustees: Yes Corporate/Individual Tr/Both: Individual Trustee IAPF YEARBOOK 2019 131 K

Kingston Technology Kostal Ireland GmbH International Ltd Electronic manufacturers supplying to the international automotive markets. Address Snugborough Address Blanchardstown Mountmahon Dublin 15 Abbeyfeale Ireland Co Limerick Tel: +353 1 8128807 Ireland www.kingston.ie Tel: +353 68 31444 Contacts Contacts Member Rep: Nick Palmer Member Rep: Paul Morris Trustee(s): Nick Palmer Trustee(s): Pat Cronin, Liam Doab, John HR: Nick Palmer Mangan, Paul Morris HR: John Mangan Finance: Paul Morris Kintetsu World Express (Ireland) Ltd Providers Auditor: PwC Address Solicitors: Holmes O’Malley Sexton Unit 4, Horizon Logistics Park Administrator: Aon Harristown Investment Manager: State Street Global Swords Advisors Ireland, F & C Ireland, ILIM, Co Dublin Aberdeen Standard Investments, Northern Ireland Trust, Jefferies International Limited Tel: +353 1 8239600 Numbers www.kwe.com Total Number of Employees: 997 Contacts Deferred Pensioners: 191 Member Rep: Michael Roche Active Members: 840 Total Scheme Members: 1031 Numbers Total Number of Employees: 33 Categories Active Members: 20 Integrated with State Scheme: Yes Total Scheme Members: 20 Irish Pension Scheme: Yes Self Administered Scheme: No Categories DB/DC: Defined Contribution DB/DC: Defined Contribution Contributory/Non-Contributory: Contributory/Non-Contributory: Both Contributory Fund Range: 0-25M Fund Range: 26-100M Corporate/Individual Tr/Both: Both Segregated/Unitised and Insured: Unitised Have Member Trustees: Yes Corporate/Individual Tr/Both: Individual Trustee

132 IAPF YEARBOOK 2019 K—L

KPMG Categories Integrated with State Scheme: No Irish Pension Scheme: Yes Self Administered Scheme: No DB/DC: Defined Contribution Contributory/Non-Contributory: Contributory Size of Fund: €161,000,000 KPMG is a leading global network of Fund Range: 101-250M professional services firms providing Segregated/Unitised and Insured: Unitised Audit, Tax and Advisory services to clients Have Member Trustees: Yes ranging from dynamic and fast growing Corporate/Individual Tr/Both: business start ups to large multinational Corporate Body organisations. With 86 partners and more than 2,500 staff in offices in Dublin, Belfast, Cork and Galway, KPMG’s LACM Global Ltd. business advisers work with major clients helping them to meet their complex LACM Global is a wholly-owned business challenges. subsidiary of Los Angeles Capital Management and Equity Research (‘Los Address Angeles Capital’ or the ‘Firm’). Los 1 Stokes Place Angeles Capital manages equity portfolios St Stephen’s Green for institutional clients globally. It was Dublin 2 founded in 2002 and has been 100% Ireland employee owned since its founding. It Tel: +353 1 4101000 employs a proprietary model - Dynamic www.kpmg.ie Alpha Stock Selection Model - which Contacts drives its investment process across all of Member Rep: Alison Tierney its strategies. The Firm is headquartered HR: Alison Tierney in Los Angeles, California, and all of its Finance: Mark Mulqueen investment personnel including front, middle, and back office professionals Providers operate out of the Los Angeles office. Investment Manager: Zurich, Aberdeen LACM Global is headquartered in London Standard Investments, Schroders and serves as a marketing and client Solicitors: A&L Goodbody service office. Actuary: Willis Towers Watson Independent Trustee: KPMG Staff Pension Address Schemes Trustee Limited 33 Cavendish Square Administrator: Willis Towers Watson Attention: LACM Global Numbers Greater London W1G 0PW Total Number of Employees: 2500 United Kingdom Deferred Pensioners: 516 Tel: +44 207 1824016 Pensioners: 88 www.lacmglobal.com Active Members: 800 Contacts Total Scheme Members: 1404 Member Rep: Edwina Acheson

IAPF YEARBOOK 2019 133 L

Lakeland Dairies Co-Op Society Lane Clark & Peacock Ireland Ltd

Lakeland Dairies is a Dairy co-operative Lane Clark & Peacock offer a in the Dairy, Food & Agricultural business. wealth of experience and expertise Products include butter, casein, full to assist employers and trustees cream milk powder, UHT products with the management of their and animal feeds. pension arrangements.

Address Address Killeshandra Office 2, Grand Canal Wharf Co Cavan South Dock Road Ireland Dublin 4 Tel: +353 49 4364200 Ireland Tel: +353 1 6144393 Contacts www.lcpireland.com Member Rep: Tadhg O’Halloran Trustee(s): Thomas Duffy, Michael Ryan Contacts HR: Chris Shiels Member Rep: Conor Daly Providers Categories Actuary: Willis Towers Watson Irish Pension Scheme: Yes Auditor: O’Connor Leddy Holmes Fund Range: 0-25M Solicitors: McCann FitzGerald Corporate/Individual Tr/Both: Both Investment Manager: State Street Global Advisors Ireland Numbers Laya Healthcare Limited Total Number of Employees: 450 Address Deferred Pensioners: 165 Eastgate Road Pensioners: 109 Eastgate Business Park Active Members: 333 Little Island Total Scheme Members: 607 Cork Categories Ireland Integrated with State Scheme: Yes Tel: +353 21 2022106 Irish Pension Scheme: Yes www.layahealthcare.ie Self Administered Scheme: No Numbers DB/DC: Multi Total Scheme Members: 600 Contributory/Non-Contributory: Contributory Categories Size of Fund: €58,000,000 Integrated with State Scheme: Yes Fund Range: 26-100M Irish Pension Scheme: Yes Segregated/Unitised and Insured: Self Administered Scheme: Yes Segregated DB/DC: Multi Have Member Trustees: Yes Contributory/Non-Contributory: Corporate/Individual Tr/Both: Both Contributory Fund Range: 26-100M

134 IAPF YEARBOOK 2019 L

Lazard Asset Management management and liability-based risk management solutions.

*as at 30 June 2018, including derivative positions. These figures include assets managed by LGIMA, an SEC Registered Investment Advisor.

Address Address 50 Stratton Street One Coleman Street London W1J 8LL London EC2R 5AA United Kingdom United Kingdom Tel: +44 207 4482813 Tel: +44 203 1243000 lazard.com www.lgim.com Numbers Contacts Total Number of Employees: 450 Member Rep: Tom O’Gorman Finance: Michael Walsh Categories Investment: Tom O’Gorman Irish Pension Scheme: No

LEO Pharma Legal & General Investment Management LEO Pharma helps people achieve healthy skin. By offering care solutions to patients in more than 100 countries globally, LEO Pharma supports people in managing their skin conditions.

Founded in 1908 and owned by the LEO Foundation, the healthcare company has devoted decades of research and development to delivering products and Legal & General Investment solutions to people with skin conditions. Management (LGIM) is one of Europe’s largest asset managers and a major LEO Pharma is headquartered in Denmark global investor, with total assets under and employs around 4,800 people management of €1,114billion*. We work worldwide. with a wide range of global clients, including pension schemes, sovereign LEO Pharma (LEO Laboratories Ltd) was wealth funds, fund distributors and established in Ireland in 1958. retail investors. Throughout the past 40 years we have built our business through Address understanding what matters most to our Cashel Road clients and transforming this insight into Dublin D12 E923 valuable, accessible investment products Ireland and solutions. We provide investment Tel: +353 1 4908924 expertise across the full spectrum of asset www.leo-pharma.ie classes including fixed income, equities, Contacts multi-asset, commercial property and Member Rep: Cian Desmond cash. Our capabilities range from index- Trustee(s): Neil Moore, Martin tracking and active strategies to liquidity O’Brien, John Stinson, Eamon

IAPF YEARBOOK 2019 135 L

Thornton, Peter Young LK Shields Solicitors HR: Yvonne O’Sullivan LK Shields Solicitors is a full service Finance: Rose Creegan commercial law firm. CEO/Managing Director: Brendan Fitzpatrick Our pensions and benefits unit provides Providers specialist legal services and guidance Investment Manager: Mercer on all aspects of pensions law and Custodian: Northern Trust regulatory issues including pension Actuary: Mercer scheme implementation, amendment Independent Trustee: IPT and reorganisation, funding issues, Auditor: PwC employment issues affecting pension Administrator: Invesco Limited benefits and their alteration or Categories discontinuance, equality laws, the role Segregated/Unitised and Insured: and responsibilities of trustees, disputes Segregated affecting pension funds and pensions Have Member Trustees: Yes aspects of mergers and acquisitions. Corporate/Individual Tr/Both: Both The firm is consistently and highly recommended by independent publications including Chambers LGT Bank Ltd, Dublin Branch Global, Chambers Europe, The Legal Address 500 and PLC Which Lawyer? Fourth Floor The priority at LK Shields is to provide 30 Herbert Street first rate legal advice to our clients. We Dublin 2 see our role as that of a business partner Ireland rather than just a legal service provider. Tel: +353 1 4337400 We add value by providing commercially www.lgt.com focused advice, tailored to the specific Contacts needs of an organisation. Member Rep: Elaine Kelly Legal: Jenna Goodwin Address Providers 40 Upper Mount Street Administrator: Irish Life Dublin 2 Categories Ireland DB/DC: Defined Contribution Tel: +353 1 6610866 Contributory/Non-Contributory: Both www.lkshields.ie Fund Range: 0-25M Contacts Corporate/Individual Tr/Both: Both Member Rep: Gillian Dully Numbers Total Number of Employees: 115 Categories Irish Pension Scheme: Yes Self Administered Scheme: No DB/DC: Defined Contribution Contributory/Non-Contributory: Contributory Fund Range: 0-25M Have Member Trustees: No

136 IAPF YEARBOOK 2019 M

Corporate/Individual Tr/Both: We have in-depth experience in resolving Individual Trustee pension disputes, and are fully equipped to advise clients through litigation should it become necessary. M&G Investments Address For more than 80 years in the fund Barrow Street management industry, M&G has Dublin 4 offered investors a range of innovative Ireland products and services that have been Tel: +353 1 6145000 designed to meet their changing needs. www.mhc.ie This dedication to their clients has helped them become one of the largest investment Contacts companies in the UK. Member Rep: Stephen Gillick CEO/Managing Director: Declan Black M&G believes in giving their fund Finance: Des Murray managers the freedom to act on their Providers convictions and supports them with in- Investment Consultant: Willis depth research from their analysts. As a Towers Watson result, clients can benefit from a market- Auditor: BDO leading institutional offering that covers Administrator: Willis Towers Watson unconstrained equities, fixed income Investment Manager: State Street Global (public and private debt), multi asset and Advisors Ireland real estate. Numbers Total Number of Employees: 205 Address Active Members: 97 Governors House Total Scheme Members: 97 Laurence Pountney Hill London EC4R 0HH Categories United Kingdom Integrated with State Scheme: No Tel: +44 203 7902623 Irish Pension Scheme: Yes www.mandg.co.uk/institutions Self Administered Scheme: No DB/DC: Defined Contribution Contacts Contributory/Non-Contributory: Both Member Rep: Grant Hadland Size of Fund: €589,923,658 Fund Range: > 500M Segregated/Unitised and Insured: Unitised Mason Hayes & Curran Have Member Trustees: Yes Mason Hayes & Curran is a business law Corporate/Individual Tr/Both: firm with offices in Dublin, London, New Individual Trustee York and San Francisco. The firm employs 360 staff and provides a broad range of services to business, institutional and government clients.

We advise employers and pension scheme trustees on the establishment, operation and impact of legislative change on all types of pension schemes. We can advise and guide clients through the legal processes involved in restructuring or winding up their pension schemes.

IAPF YEARBOOK 2019 137 M

Matheson Mazars

Mazars is one of the largest audit, tax and consulting firms in Ireland and internationally. The firm specializes as pension scheme auditors and advisers with Matheson is the law firm of choice for vast experience in the provision of high internationally focused companies and quality services for pension schemes. Our financial institutions doing business in pension assurance services include: and from Ireland. Our clients include the majority of the Fortune 100 companies. • Independent assurance provided from We also advise 7 of the top 10 global efficient and cost effective pension technology brands and over half of the audit or review processes, meeting world’s 50 largest banks. reporting deadlines set down under pension regulations and legislation and Matheson’s Pensions Group focuses 100% by clients on providing pensions law advice. Our • Independent review of quality of team is built around pure pensions know- administrative, risk and control how. We are consistently chosen to advise procedures and systems on the most significant pensions matters. • Advising Trustees in relation to best This includes advising multinationals practice and responsibilities and financial institutions on pensions law • Provision of independent internal matters around mergers and acquisitions, control reviews the establishment of occupational pension • Pensions accounting treatment schemes and employee benefit schemes, the review and advice e.g. SORP/FRS/IFRS/ restructuring of schemes, and advising on US GAAP contentious disputes. • Advising on changes in legislation and regulations Address 70 Sir John Rogerson’s Quay Address Dublin 2 Block 3 Ireland Harcourt Centre Tel: +353 1 2322000 Harcourt Road www.matheson.com Dublin 2 Contacts Ireland Member Rep: Brian Buggy Tel: +353 1 4494411 Trustee(s): Brian Buggy www.mazars.ie Numbers Contacts Total Number of Employees: 600 Member Rep: Bernard Barron Categories Partner: Bernard Barron Irish Pension Scheme: Yes Contributory/Non-Contributory: Contributory Corporate/Individual Tr/Both: Corporate Body

138 IAPF YEARBOOK 2019 M

McCann FitzGerald Address Unit 3300 Address Cork Airport Business Park Riverside One Cork Sir John Rogerson’s Quay Co Cork Dublin D02 X576 Ireland Ireland Tel: +353 21 4548272 Tel: +353 1 8290000 www.mckesson.com www.mccannfitzgerald.ie Contacts Numbers Member Rep: Jackie Carmody Total Number of Employees: 560 Categories Irish Pension Scheme: Yes Mercer Self Administered Scheme: No DB/DC: Defined Benefit Contributory/Non-Contributory: Non Contributory Fund Range: 0-25M Have Member Trustees: Yes Mercer is Ireland’s leading pensions, Corporate/Individual Tr/Both: investments and employee benefits Corporate Body consulting firm. Our depth of resources and expertise allow us to provide a full range of solutions to meet all our clients’ McKesson Cork Business needs and to deliver a responsive high Solutions Unlimited Company quality service.

We’re experiencing an era of Address unprecedented change in health care. Charlotte House New technology, new services and new Charlemont Street ideas will be needed to deliver improved Dublin 2 outcomes for businesses and patients. Ireland McKesson is at the forefront of that Tel: +353 1 6039700 transformation. We work with health care www.mercer.ie organizations of all types to strengthen Contacts the health of their business, helping Member Rep: Audrey Baldwin them control costs, develop efficiencies and improve quality. We build essential Categories connections that make health care smarter, Integrated with State Scheme: Yes creating intelligent networks that expand Irish Pension Scheme: Yes access, reduce waste, and bring people and Self Administered Scheme: No information closer together. We supply the DB/DC: Multi industry with the resources, support and Contributory/Non-Contributory: technology it needs to create new standards Contributory and a world of better health. Fund Range: 101-250M Segregated/Unitised and Insured: Unitised Have Member Trustees: Yes Corporate/Individual Tr/Both: Individual Trustee

IAPF YEARBOOK 2019 139 M

Merrion Investment Managers Mesirow Financial Merrion Investment Managers was Currency Management established in 1986 and is Ireland’s leading Mesirow Financial Currency independent investment manager. Our Management customizes solutions to approach to active investment management suit specific client needs, ranging has been extremely rewarding for our from passive to active currency risk clients with our funds consistently management. Our innovative solutions outperforming both the underlying are complimented by a commitment to markets and the returns of our competitors operational excellence and premium client over the long-term. This has been achieved service. With the expertise to provide within a secure framework that has been objective, strategic advice, we partner with designed to ensure that our clients’ assets our institutional clients to implement best are held completely independently of our practice currency risk programs for their own business. We manage investment unique set of circumstances. portfolios on behalf of pension schemes, corporate bodies, charities, religious As a private, employee owned firm, orders and high net worth individuals. Mesirow Financial is free from many We offer a wide range of pension, savings conflicts of interest associated with bank- and investment funds which include affiliated organisations or publicly held equity, bond, cash, multi-asset and firms and is fully aligned with the interests absolute return funds. The consistency and of our clients. We manage more than $80 extent of Merrion Investment Managers’ billion in currency risk overlay assets for outperformance is the result of a distinct institutional clients in North America, UK, investment process that is not dependent Europe, and Australia. on a particular investment style or market environment. Our focus is on obtaining Address the maximum return available within the Sackville House market, rather than merely tracking the 40 Piccadilly performance of indices or other investment London W1J 0DR managers. There are three key inputs to United Kingdom our investment process: macro-economic, Tel: +44 207 8511724 valuation and technical analysis. Merrion www.mesirowfinancial.com Investment Managers is an independent Contacts fund management business within the Member Rep: Ian McFarlane Merrion Capital Group with funds under Investment: Ian McFarlane management of c. €1 billion.

Address MFS Investment Management 2nd Floor Heritage House 23 St Stephen’s Green Dublin D02 AR55 Ireland Tel: +353 1 6702500 www.merrion-investments.ie Contacts For more than 90 years, MFS has actively Member Rep: Seamus O’Donnchadha managed investments – around the globe, across asset classes and through a myriad of economic and market environments.

140 IAPF YEARBOOK 2019 M

While the opportunities and challenges Maisie Mooney, Martin Orsted have changed, we have kept our long- Numbers term perspective and cultivated our Total Number of Employees: 1572 robust investment platform. Founded Deferred Pensioners: 1790 on integrated research, fortified by Active Members: 1572 collaborative thinking and supported by Total Scheme Members: 3362 active risk management, our investment Categories platform drives information flow and Integrated with State Scheme: No effective decision-making. This is how Irish Pension Scheme: Yes we turn information into an analysis DB/DC: Defined Contribution advantage, maintain our conviction and Contributory/Non-Contributory: allow enough time for our insights to help Contributory create the long-term value that drives Have Member Trustees: Yes better outcomes for clients.

Address 1 Carter Lane Morgan Stanley Investment London EC4V 5ER Management United Kingdom Morgan Stanley Investment Tel: +44 207 4297200 Management is one of the world’s largest www.mfs.com active asset managers. We offer wealth management services to a diverse client base which includes governments, co- Microsoft Ireland operatives, corporate and public pension Microsoft first opened its doors in Ireland funds and individuals. in 1985 with a small manufacturing Our investment strategies span the risk/ facility employing just over one hundred return spectrum and include equities, people. Since that time, Microsoft Ireland bonds, and alternatives in both established has grown to encompass four distinct and developing markets. operations at its campus in Sandyford in Dublin, employing over 1,500 full time Address employees and 700 full-time contract staff. 25 Cabot Square Microsoft’s operations in Ireland include London E14 4QA software development and testing, United Kingdom localisation, operations, finance, IT, HR Tel: +44 207 4258000 and sales & marketing, both here in Ireland www.morganstanley.com/im and across Europe, Middle East and Africa. Contacts Finance: Peter Escott Address Categories Building 3 Integrated with State Scheme: No Carmanhall Road Irish Pension Scheme: No Sandyford Industrial Estate Self Administered Scheme: No Dublin 18 DB/DC: Defined Contribution Ireland Contributory/Non-Contributory: Both Tel: +353 1 2953826 Have Member Trustees: No www.microsoft.com/ireland/about Contacts Trustee(s): Noel Harnett, Paul Kinch,

IAPF YEARBOOK 2019 141 M

MSD Ireland Muiriosa Foundation

Address Address Red Oak North Moore Abbey South County Business Park Monasterevin Leopardstown Kildare Dublin 18 Ireland Ireland Tel: +353 45 525327 Tel: +353 1 2998700 www.muiriosa.ie www.msd-ireland.com Contacts Contacts Member Rep: Paul Smyth Finance: Robert J Ash Trustee(s): Paul Smyth Providers Providers Investment Manager: Mercer Actuary: Friends First Administrator: Mercer Administrator: Friends First Independent Trustee: IPT Investment Manager: BMO Global Asset Management Ireland Numbers Numbers Total Number of Employees: 1400 Total Number of Employees: 800 Deferred Pensioners: 2452 Deferred Pensioners: 18 Pensioners: 375 Pensioners: 20 Active Members: 1307 Active Members: 29 Total Scheme Members: 4134 Total Scheme Members: 67 Categories Categories Integrated with State Scheme: Yes Integrated with State Scheme: No Irish Pension Scheme: Yes Irish Pension Scheme: Yes Self Administered Scheme: Yes DB/DC: Defined Benefit DB/DC: Defined Benefit Fund Range: 0-25M Contributory/Non-Contributory: Contributory Size of Fund: €754,000,000 Mundipharma Fund Range: > 500M Pharmaceuticals Ltd Segregated/Unitised and Insured: Unitised Have Member Trustees: Yes The principal activity of the company is Corporate/Individual Tr/Both: the sale, marketing and distribution of Individual Trustee pharmaceutical products.

Address Millbank House Arkle Road Sandyford Dublin 18 Ireland Tel: +353 1 2063800 www.mundipharma.ie Contacts Member Rep: Tomas Morrissey Numbers

142 IAPF YEARBOOK 2019 M—N

Total Number of Employees: 16 Numbers Deferred Pensioners: 2 Total Number of Employees: 3200 Active Members: 16 Deferred Pensioners: 2387 Total Scheme Members: 18 Pensioners: 217 Categories Total Scheme Members: 2604 DB/DC: Defined Contribution Categories Contributory/Non-Contributory: Integrated with State Scheme: Yes Contributory Irish Pension Scheme: Yes Self Administered Scheme: Yes DB/DC: Defined Benefit Musgrave Group plc Contributory/Non-Contributory: Contributory Size of Fund: €280,500,000 Fund Range: 251-500M Segregated/Unitised and Insured: Unitised Have Member Trustees: Yes Corporate/Individual Tr/Both: Our business started with a partnership Individual Trustee and partnership remains at the very heart of our company culture. Today we partner entrepreneurial food retailers and food- National Federation of Voluntary service professionals in the Republic of Bodies Providing Services to Ireland, Northern Ireland and Spain. People with Intellectual Disability

Address National Umbrella Organisation, Ballycurreen Industrial Estate representing service providers who provide Ballycurreen services and supports to people with Airport Road intellectual disability. Cork T12 TN99 Ireland Address Tel: +353 21 4522222 Oranmore Business Park www.musgrave.ie Oranmore Galway Contacts Ireland Member Rep: Kevin Cruise O’Shea Tel: +353 91 792316 Pension Manager: Kevin Cruise O’Shea www.fedvol.ie Trustee(s): Alan Cunningham, John Dorney, Luke Hanlon, Gerry McDonogh, Contacts Paul Nimmo, Patrick O’Brien, Matt Member Rep: Brian O’Donnell O’Callaghan, Frank Walley Numbers Providers Deferred Pensioners: 960 Auditor: PwC Active Members: 3361 Solicitors: Arthur Cox Total Scheme Members: 4321 Investment Consultant: Mercer Categories Actuary: Mercer DB/DC: Defined Contribution Administrator: Mercer Size of Fund: €175,421,489 Investment Manager: IPUT, Mercer Corporate/Individual Tr/Both: Both

IAPF YEARBOOK 2019 143 N

National Treasury Natixis Investment Managers Management Agency The National Treasury Management Agency provides a range of asset and liability management services to Government. These services include borrowing on behalf of the Government Natixis Investment Managers serves and management of the National Debt, financial professionals with more insightful the State Claims Agency, NewERA, the ways to construct portfolios. Powered by Ireland Strategic Investment Fund and the expertise of 26 specialized investment the National Development Finance managers globally, we apply Active Agency. It also assigns staff and provides Thinking to deliver proactive solutions that business and support services and systems help clients pursue better outcomes in all to the National Asset Management markets. Natixis ranks among the world’s Agency and the Strategic Banking largest asset management firms1 ($1,008.0 Corporation of Ireland. billion AUM2).

Address (Natixis Investment Managers includes Treasury Building all of the investment management and Lower Grand Canal Street distribution entities affiliated with Natixis Dublin 2 Distribution, L.P. and Natixis Investment Ireland Managers S.A. Services/products are not Tel: +353 1 6640800 available to all investors in all jurisdictions. www.ntma.ie 1 Cerulli Quantitative Update: Contacts Global Markets 2017 ranked Natixis Trustee(s): Ian Black, Brendan McDonagh Investment Managers (formerly Natixis Numbers Global Asset Management) as the 15th Total Number of Employees: 797 largest asset manager in the world based Categories on assets under management as of Corporate/Individual Tr/Both: December 31, 2016. Individual Trustee 2 Net asset value as of March 31, 2018. Assets under management (“AUM”), as reported, may include notional assets, assets serviced, gross assets and other types of non-regulatory AUM.)

Address 1 Carter Lane London EC4V 5ER United Kingdom Tel: +44 203 4052174 www.im.natixis.com Contacts Member Rep: Will Fox-Robinson Director: Will Fox-Robinson Categories Fund Range: > 500M

144 IAPF YEARBOOK 2019 N

New Ireland Assurance Newcourt Pensioneer Company plc Trustees Limited Newcourt Pensioneer Trustees Limited (Newcourt) provide Corporate Trustee services to Defined Contribution Pension Schemes, Group Life Assurance and AVC Schemes. Newcourt is also approved as New Ireland Assurance Company a Pensioneer Trustee by the Revenue celebrated its centenary in 2018. We are Commissioners and as a Registered one of the leading life assurance companies Administrator by the Pensions Authority. in the country, with over 500,000 policy Currently we provide Corporate Pension holders and in excess of €17.5 billion Trustee services to several hundred in assets under management. We pride Pension Schemes, with membership ourselves on our commitment to providing ranging from one member to several high quality, courteous and efficient hundred members. Newcourt Pensioneer service to our customers. The company’s Trustees Limited have over twenty five strong customer focus has been externally years’ experience acting as Trustees validated by a number of awards, including to Pension Schemes, which we believe Pensions Scheme Administrator of the enhances our ability to provide effective Year Awards 2015, 2016 and 2017. and comprehensive Trustee services to our clients. With over 50 funds on our platform, we offer choice and diversification in our Address fund offering. The funds we offer fit into Father Mathew Hall a range of different risk classifications 131 Church Street from very low to very high risk. Many Dublin 7 of our investment funds are managed by Ireland a carefully selected range of global and Tel: +353 1 8280070 domestic fund managers. www.newcourttrustees.ie Contacts New Ireland is a member of Bank of Member Rep: Lisa Burton Ireland Group.

Address 9-12 Dawson Street Dublin 2 Ireland Tel: +353 1 6172000 www.newireland.ie Contacts Pension Manager: John Killeen

IAPF YEARBOOK 2019 145 N—O

Northern Trust O’Mahony Actuarial & Pension Legal Services Ltd

Address Sunglin Hainault Road Foxrock Dublin D18 W8C7 Northern Trust operates at the forefront of Ireland the pensions industry, with services being Tel: +353 1 2893103 led by a dedicated Retirement Solutions Practice and underpinned by our expertise, Contacts proven technology and history of financial Member Rep: Michael O’Mahony strength and stability. Trustee(s): Michael O’Mahony Investment: Michael O’Mahony Our advantages also include: Actuary: Michael O’Mahony Finance: Michael O’Mahony • Dedicated pensions team supported by Pension Manager: Michael O’Mahony a global network and operating model CEO/Managing Director: • Comprehensive asset servicing Michael O’Mahony solutions ranging from global custody Director: Michael O’Mahony to specialist investment accounting, Categories institutional governance services and DB/DC: Defined Contribution expertise in servicing alternatives Contributory/Non-Contributory: Both • Personalised asset management Fund Range: 0-25M solutions offering a range of global Have Member Trustees: No equity solutions, cash and fixed income, Corporate/Individual Tr/Both: alternatives and manager of manager Individual Trustee capabilities • Two offices in Ireland supported by offices in London, Amsterdam, Luxembourg and Guernsey in addition Oracle Emea Ltd to our global network of expertise. For Address more details contact Sandra Cooke on East Point Business Park +353 1 542 2011 or via email at sandra_ Fairview [email protected] Dublin 3 Ireland Address Tel: +353 1 8039997 Georges Court www.oracle.com 54 - 62 Townsend St Contacts Dublin 2 Member Rep: Gerard McHale Ireland HR: Gerard McHale Tel: +353 1 5422000 www.northerntrust.com Numbers Deferred Pensioners: 1972 Contacts Active Members: 1182 Member Rep: Sandra Cooke Total Scheme Members: 3154

146 IAPF YEARBOOK 2019 O—P

Ornua Co-op Ltd the opportunity to identify investment choices best suited to “your” situation. By Ireland’s largest exporter of Irish using our knowledge we aim to design dairy products, Ornua Co-operative an appropriate investment portfolio for Limited owns the iconic Kerrygold brand you. Every person has a different goal or which is synonymous the world over for objective and by devising an investment quality butter, cheese and milk powders, strategy that suits you, hopefully we can selling hundreds millions of packets of allow you to achieve your ultimate goals butter each year. Currently supplying dairy and objectives. branded products and ingredients into over 110 markets around the world, Ornua’s Address mission is to open and develop valuable 19 Greenmount House global markets for dairy products and Greenmount Office Park in doing so, deliver strong returns to the Harolds Cross Road farmers it represents. Dublin 6W Ireland Address Tel: +353 1 4546730 Grattan House www.paulryan.ie Mount Street Lower Dublin 2 Contacts Ireland Member Rep: Alan Ryan Tel: +353 1 6619599 www.ornua.com Penfida Limited Categories Integrated with State Scheme: Yes Independent provider of corporate finance Irish Pension Scheme: Yes advice to pension funds. Self Administered Scheme: No DB/DC: Defined Benefit Address Contributory/Non-Contributory: 1 Carey Lane Contributory London EC2V 8AE Fund Range: 26-100M United Kingdom Have Member Trustees: Yes Tel: +44 207 3374100 Corporate/Individual Tr/Both: Both www.penfida.co.uk Contacts Member Rep: Trevor Civval Paul Ryan Pension & Financial Numbers Consultants Ltd Total Number of Employees: 15 Paul Ryan Pension and Financial Categories Consultants Limited was established DB/DC: Defined Benefit in 1997. We provide Financial Services, Retirement Planning and Pensioneer Trusteeship services. Our comprehensive range of financial services are tailored towards each individual client. For information please call 01-4546730 or email us on [email protected]. With over 100 years combined experience we believe we have the expertise to allow you

IAPF YEARBOOK 2019 147 P

PepsiCo Ireland permanent tsb Soft Drink Concentrate Manufacturing, permanent tsb plc, a Credit Institution established 1974. licensed and regulated by the Central Address Bank of Ireland, is a leading provider of Little Island Business Park financial services in the Irish market. It Little Island targets mainstream Irish personal and Cork non-personal customers and offers a Co Cork comprehensive range of retail banking Ireland products including Deposit Accounts, Tel: +353 21 4523100 Current Accounts, Mortgages and Consumer Finance (Personal Loans, Credit Contacts Cards and Overdrafts) through multiple Member Rep: Sandra Manning-Organ channels (National Branch Network, Trustee(s): Catherine Brennan, Brian Telephone, Online, Mobile). Cassidy, Sandra Manning-Organ, Adrian O’Flynn Address HR: Brian Cassidy, Sandra 56-59 St. Stephens Green Manning-Organ Dublin 2 Finance: Catherine Brennan Ireland Providers Tel: +353 1 6695394 Auditor: KPMG www.permanenttsb.ie Solicitors: Matheson Contacts Investment Manager: Legal & General Member Rep: Karen Hackett Asset Management, Mercer Investment HR: Caroline Clarke, Karen Hackett, Management Ger Mitchell Numbers Numbers Total Number of Employees: 862 Total Number of Employees: 2209 Deferred Pensioners: 428 Deferred Pensioners: 714 Pensioners: 83 Active Members: 2209 Active Members: 786 Total Scheme Members: 2923 Total Scheme Members: 1297 Categories Categories Integrated with State Scheme: No Integrated with State Scheme: Yes Irish Pension Scheme: Yes Irish Pension Scheme: Yes Self Administered Scheme: No Self Administered Scheme: No DB/DC: Defined Contribution DB/DC: Multi Contributory/Non-Contributory: Contributory/Non-Contributory: Contributory Contributory Fund Range: 101-250M Size of Fund: €118,000,000 Segregated/Unitised and Insured: Unitised Segregated/Unitised and Insured: Unitised Have Member Trustees: No Have Member Trustees: Yes Corporate/Individual Tr/Both: Corporate/Individual Tr/Both: Corporate Body Individual Trustee

148 IAPF YEARBOOK 2019 P

Peter Wood Independent Numbers Pension Trustee Total Number of Employees: 3225 Deferred Pensioners: 3831 Recently retired Head & CEO of Pensioners: 576 State Street Global Advisors Ireland Active Members: 3225 with almost 40yrs experience in the Total Scheme Members: 7632 Investment Management Business. Categories 26yrs working for Bank of Ireland Asset Integrated with State Scheme: No Management as a Director in various Irish Pension Scheme: Yes roles, Head of Asset Allocation, Head Self Administered Scheme: No of Customer Business & COO. I am a DB/DC: Multi past Director and Chairman of the Irish Contributory/Non-Contributory: Both Association of Investment Managers and a Segregated/Unitised and Insured: Unitised Certified Investment Fund Director. I was Have Member Trustees: Yes a Trustee and member of the investment Corporate/Individual Tr/Both: committee of State Street Ireland DC Individual Trustee Pension Scheme for past 7 years.

Address Silver Pines PIMCO Europe Limited Dalkey Avenue Dalkey Co. Dublin Ireland Tel: +353 87 2934327 PIMCO is a global investment solutions Contacts provider: Founded in 1971, PIMCO is Member Rep: Peter Wood recognised as one of the world’s leading investment management companies and is among the industry’s pre-eminent thought Pfizer Manufacturing Ireland leaders focused on a single mission: to manage risks and deliver returns for our Address clients. Supported by more than 2,300 Operations Support Group staff worldwide, including 742 investment P.O. Box 17 professionals, our broad range of clients, Ringaskiddy including public and private pension and Co Cork retirement plans, have entrusted us to Ireland manage over €1.47 trillion of assets globally Tel: +353 21 4378701 (as of 30 June 2018). We have 12 offices Contacts throughout Asia, Europe, North America Member Rep: Teresa Coveney and South America, including five in HR: Teresa Coveney Europe where we have been investing and servicing assets on behalf of clients since Providers 1997. PIMCO’s expertise encompasses Auditor: KPMG our recognized fixed income capabilities, Solicitors: McCann FitzGerald equities, commodities and liability driven Investment Manager: Bridgewater investment, tail-risk hedging, asset Associates, Aberdeen Standard allocation, absolute return and inflation Investments, Irish Life, G.S.A.M., protection solutions. State Street Global Advisors Ireland, Insight Investment

IAPF YEARBOOK 2019 149 P

Address Total Scheme Members: 536 11 Baker Street Categories London W1U 3AH Integrated with State Scheme: Yes United Kingdom Irish Pension Scheme: Yes Tel: +44 203 6401610 Self Administered Scheme: No www.pimco.com DB/DC: Multi Contacts Contributory/Non-Contributory: Senior Vice President, Account Manager: Contributory Susan Chacko Size of Fund: €53,668,738 Fund Range: 26-100M Segregated/Unitised and Insured: PM Group Segregated Have Member Trustees: Yes Corporate/Individual Tr/Both: Individual Trustee

Port of Cork Company

Address Killakee House Belgard Square Tallaght Dublin 24 Ireland Tel: +353 1 4040700 The Port of Cork Company is a commercial www.pmgroup-global.com semi-state which operates, administers and Contacts promotes the Port of Cork which provides Member Rep: John Sheehan safe, efficient and cost effective port Trustee(s): Joe Leonard, Brid Horan, facilities, services, accommodation and John Sheehan lands to meet the needs of its customers. Finance: Larry Westman Providers Address Investment Manager: F & C Ireland, Custom House Aberdeen Standard Investments, Custom House Street Schroders, Irish Life Investment Managers, Cork T12 CY88 Insight Investment Ireland Solicitors: William Fry Tel: +353 21 4273125 Investment Consultant: Aon www.portofcork.ie Actuary: Willis Towers Watson Contacts Auditor: KPMG Member Rep: Donal Crowley Administrator: Willis Towers Watson Trustee(s): Tomás Ahern, Noel Cregan, Numbers Donal Crowley, Brendan Keating, John Total Number of Employees: 620 Mullins, Paul O’Herlihy, Declan Owens Deferred Pensioners: 53 HR: Tomás Ahern, Donal Crowley Pensioners: 0 Finance: Donal Crowley Active Members: 483 CEO/Managing Director: Brendan Keating

150 IAPF YEARBOOK 2019 P

Director: Noel Cregan, Brendan Keating, Providers John Mullins Investment Manager: ILIM, Providers Blackrock, M&G Actuary: Mercer Solicitors: Eversheds Sutherland Auditor: Deloitte Investment Consultant: Willis Solicitors: J W O’Donovan & Co. Towers Watson Investment Manager: State Street Actuary: Willis Towers Watson Global Advisors Ireland, ILIM, Insight Auditor: KPMG Investment, Zurich, Aberdeen Standard Administrator: ABF Pensions Department Investments, BlueBay Investment Numbers Management Total Number of Employees: 5783 Numbers Pensioners: 189 Total Number of Employees: 66 Active Members: 2080 Deferred Pensioners: 10 Total Scheme Members: 3009 Pensioners: 131 Categories Active Members: 66 Integrated with State Scheme: Yes Total Scheme Members: 207 Irish Pension Scheme: Yes Categories Self Administered Scheme: Yes Integrated with State Scheme: Yes DB/DC: Multi Irish Pension Scheme: Yes Contributory/Non-Contributory: Self Administered Scheme: No Contributory DB/DC: Multi Segregated/Unitised and Insured: Contributory/Non-Contributory: Segregated Contributory Have Member Trustees: Yes Size of Fund: €49,000,000 Corporate/Individual Tr/Both: Fund Range: 26-100M Corporate Body Segregated/Unitised and Insured: Segregated, Unitised, Insured Have Member Trustees: Yes Principal Global Investors Corporate/Individual Tr/Both: (Europe) Ltd Individual Trustee

Primark Limited

Principal Global Investors is a global, multi-boutique investment management Address business, providing a single point of access Arthur Ryan House to 15 world-class investment boutiques 22 - 24 Parnell Street with assets under management totalling Dublin 1 $451.1 billion (as of 30 June 2018). Our Ireland London office offers Irish pension schemes Tel: +353 1 8880500 access to a broad suite of investment capabilities via segregated accounts or our Contacts Dublin-domiciled pooled funds. Member Rep: Sinead McGettrick Pension Manager: Colin Hately Because we have access to the independent Trustee(s): Breege O’Donoghue knowledge of our boutiques, we’re able to

IAPF YEARBOOK 2019 151 P create consistent, competitive, and tailored PwC investment options that support investors’ need for income and yield. We do this by offering quality-focused alpha and beta strategies in both developed and emerging markets.

We entered the Irish market in 2007 and have since been appointed to manage $385 million in tailored asset allocation solutions and across a range of active PwC (www.pwc.ie) is Ireland’s largest equity, emerging market debt and high professional services firm providing yield strategies. market leading assurance, tax and advisory services. PwC has some 2,650 Address people working in Dublin, Belfast, Cork, 1 Wood Street Galway, Kilkenny, Limerick, Waterford London EC2V 7JB and Wexford servicing Irish private United Kingdom business and multinational companies. Tel: +44 207 7100220 PwC has a dedicated multidisciplinary www.principalglobal.com Pension team which comprises of highly qualified and experienced professionals Contacts including actuaries, pension consultants, Member Rep: Stephen Holt tax specialists, administration specialists, qualified financial advisors and wealth Procentia Ltd management consultants. Independent software house specialising in Address pensions software One Spencer Dock North Wall Quay Address Dublin 1 8 Brook Office Park Ireland Emersons Green Tel: +353 1 7926000 Bristol BS16 7FL www.pwc.com/ie United Kingdom Contacts Tel: +44 117 3327829 Member Rep: Alan Bigley www.procentia.co.uk Pension Manager: Gillian Ward Contacts Providers CEO/Managing Director: Steven Donkin Investment Manager: Northern Director: Paul Ayres Trust, Mercer Solicitors: A&L Goodbody, McCann FitzGerald, William Fry Accountant: Michael Sargent & Company Actuary: PwC, Willis Towers Watson, Aon Auditor: Michael Sargent & Company Administrator: PwC, Irish Life Numbers Total Number of Employees: 2658 Deferred Pensioners: 1105 Pensioners: 188 Active Members: 997

152 IAPF YEARBOOK 2019 R

Categories Segregated Integrated with State Scheme: Yes Have Member Trustees: Yes Irish Pension Scheme: Yes Corporate/Individual Tr/Both: Self Administered Scheme: Yes Corporate Body DB/DC: Multi Contributory/Non-Contributory: Contributory Redbrucke Limited Fund Range: 26-100M Segregated/Unitised and Insured: Unitised Have Member Trustees: Yes Corporate/Individual Tr/Both: Individual Trustee

RB plc REDBRUCKE Limited is a specialist pensions software consultancy founded Address in 2002. Dansom Lane Hull HU8 7DS Redbrucke’s flagship product BENEDICT United Kingdom is currently being used by three leading Tel: +44 148 2582314 Irish pension firms to administer over www.rb.com 170 defined benefit schemes, including Contacts some with very complex benefit structures Member Rep: Christopher Little with demanding data and calculation Trustee(s): Brian Bentley, Paul Daly, requirements. Christopher Little BENEDICT is specifically designed to deal Pension Manager: Christopher Little with commonly arising areas of complexity Providers such as part-time service, career breaks, Investment Manager: Legal & General split accrual benefit structures, unusual Solicitors: Eversheds Sutherland shift hours and non-standard definitions of Accountant: David Ebbs & Co pensionable earnings. Actuary: Willis Towers Watson Auditor: Grant Thornton BENEDICT’s modular design - customised Administrator: Willis Towers Watson for each client to be scheme and task Numbers specific - gives it the flexibility to cope Total Number of Employees: 40 easily with the changing requirements and Deferred Pensioners: 30 complexities that are an inevitable part of Active Members: 40 administering defined benefit schemes. Total Scheme Members: 70 Address Categories Shandon Lodge Integrated with State Scheme: Yes Crover Irish Pension Scheme: Yes Mount Nugent Self Administered Scheme: Yes Cavan DB/DC: Defined Contribution Ireland Contributory/Non-Contributory: Tel: +353 49 8540905 Contributory www.redbrucke.com Size of Fund: €85,000,000 Fund Range: 26-100M Contacts Segregated/Unitised and Insured: Member Rep: Eric Plunkett Managing Director: Eric Plunkett

IAPF YEARBOOK 2019 153 R

Numbers commenced in 1967, Roadstone Pension Total Number of Employees: 2 Trust Ltd, the corporate trustee of the Active Members: 2 scheme, has a number of Directors elected Total Scheme Members: 2 by the members. Categories Integrated with State Scheme: No Address Irish Pension Scheme: Yes Fortunestown Self Administered Scheme: No Tallaght DB/DC: Defined Contribution Dublin 24 Contributory/Non-Contributory: Ireland Contributory Tel: +353 1 4041200 Have Member Trustees: No Contacts Corporate/Individual Tr/Both: Member Rep: Frank McKeever Corporate Body Pension Manager: Frank McKeever Providers Investment Manager: Capital International Roadbridge Limited Ltd, MFS International, State Street Global Advisors Ireland, Irish Life, BlackRock, Address GAM, JPMorgan Crossagala Property Adviser: HOK Ballysimon Road Solicitors: Arthur Cox Limerick V94 X2E1 Actuary: Mercer Ireland Auditor: EY Tel: +353 61 414874 www.roadbridge.ie Numbers Total Number of Employees: 476 Contacts Deferred Pensioners: 540 Member Rep: Linda Mulcahy Pensioners: 1012 CEO/Managing Director: Conor Gilligan Active Members: 476 HR: Linda Mulcahy Total Scheme Members: 2028 Numbers Categories Total Number of Employees: 710 Integrated with State Scheme: Yes Active Members: 141 Irish Pension Scheme: Yes Total Scheme Members: 141 Self Administered Scheme: Yes Categories DB/DC: Defined Benefit Irish Pension Scheme: Yes Contributory/Non-Contributory: DB/DC: Defined Contribution Contributory Contributory/Non-Contributory: Size of Fund: €510,000,000 Contributory Fund Range: > 500M Segregated/Unitised and Insured: Segregated Roadstone Pension Trust Ltd Have Member Trustees: Yes The Roadstone Group Pension Scheme is Corporate/Individual Tr/Both: one of a number of schemes operated for Corporate Body employees of CRH plc in Ireland - The Building Materials Supplier Group.

Its members are mainly employees of Roadstone Ltd, CRH Group Services, CRH Finance and ISAC-CRH Ltd. It

154 IAPF YEARBOOK 2019 R

Robbins Geller Rudman & Royal Irish Academy of Music Dowd LLP Founded in 1848, the Royal Irish Academy of Music is a home of musical Address excellence and dynamism, a place of 655 West Broadway teaching and learning which consistently Suite 1900 achieves its objective of transmitting California 92101 and maintaining the highest standards United States of performance and appreciation in all Tel: +1 619 2311058 musical disciplines, providing music www.rgrdlaw.com education from beginner to postgraduate Contacts level. The Academy operates under the Member Rep: Meredy Atwood Education Endowment (Ireland) Act of Investment: Nathan Bear 1885 and has charitable status.

Address Rottapharm Ltd 36-38 Westland Row Dublin 2 D02 WY89 Address Ireland Damastown Industrial Estate Tel: +353 1 6325300 Damastown Rd www.riam.ie Dublin 15 Ireland Contacts Tel: +353 1 8852705 Member Rep: Kevin Kelleher www.rottapharm.ie Trustee(s): Kevin Kelleher Contacts Providers Member Rep: Aisling Fowley Accountant: Mercer HR: Aisling Fowley Auditor: Deloitte Investment Manager: ILIM Numbers Royal College of Surgeons Total Number of Employees: 110 in Ireland Deferred Pensioners: 16 Pensioners: 16 Address Active Members: 22 121 St. Stephen’s Green Total Scheme Members: 54 Dublin 2 Categories Ireland Integrated with State Scheme: Yes Tel: +353 1 4022340 Irish Pension Scheme: Yes www.rcsi.ie Self Administered Scheme: No Contacts DB/DC: Defined Benefit Member Rep: Barry Holmes Contributory/Non-Contributory: Trustee(s): David Croke Contributory Numbers Fund Range: 0-25M Total Number of Employees: 939 Have Member Trustees: Yes Active Members: 320 Corporate/Individual Tr/Both: Total Scheme Members: 320 Corporate Body

IAPF YEARBOOK 2019 155 R

RSM Ireland Business Rubicon Investment Consulting Advisory Limited Rubicon Investment Consulting is an independent, Irish-owned firm Address offering a wide range of training, Trinity House governance and investment consulting Charleston Road services to pension scheme trustees. Ranelagh We also work with employers, pension Dublin D06 C8X4 scheme administrators and employee- Ireland representative groups. We work with our Tel: +353 1 4965388 clients in a variety of areas, including: www.rsm.global/ireland/ Contacts • Investment Strategy Member Rep: Pat Keegan • Investment Manager Selection Finance: Frisha Ishak, Pat Keegan • Performance Monitoring Numbers • Governance and Compliance Total Number of Employees: 200 • Trustee Training • Member Education • Member Communication RTÉ Address 107 Castle Riada Avenue Lucan Co Dublin Ireland Tel: +353 1 6249706 www.rubiconic.ie Address Contacts Donnybrook Member Rep: Fiona Daly Dublin 4 Managing Director: Fiona Daly Ireland Tel: +353 1 2082547 www.rte.ie Contacts Member Rep: Emer Chapman Categories Integrated with State Scheme: No Irish Pension Scheme: Yes DB/DC: Multi Contributory/Non-Contributory: Contributory Segregated/Unitised and Insured: Segregated, Unitised Have Member Trustees: Yes Corporate/Individual Tr/Both: Individual Trustee

156 IAPF YEARBOOK 2019 R

Rubrics Asset Russell Investments Management Limited Rubrics Asset Management is an independent, boutique investment manager, specialising in providing innovative fixed income strategies for its clients. Our client base includes Russell Investments is a global financial asset managers, fund-of-funds, high services firm providing multi-manager and net worth individuals, charities, multi-asset portfolios to investors in more endowments and pensions. than 40 countries.

We offer a range of diversified, actively Through a unique combination of wide- managed portfolios that aim to capture ranging and interlinked business, such a variety of risk profiles and return as multi-manager funds, investment generators. As our portfolios are not consultancy, implementation services and constrained by benchmarks, our capital markets research, Russell delivers investment team are able to focus on financial products, services and advice. areas of the market that offer the most We have over €240 billion in assets under attractive risk-adjusted returns. management globally (30/06/2017) and approximately €2 trillion in assets under We utilise a number of strategies based advice (at 31/12/2016). around a focused, multi-factor, risk budgeting process, targeting performance We combine each of these service lines in and risk management across multiple the provision of fiduciary management market conditions. Our expertise and services and multi-asset portfolios to Irish experience allows us to offer clients a pension funds. blend of products that operate with a set of diverse risk and return characteristics. Address Rex House Address 10 Lower Regent Street 23rd Floor London SW1Y 4PE 20 Fenchurch Street United Kingdom London EC3M 3BY Tel: +44 207 0246378 United Kingdom www.russellinvestments.com/ie Tel: +44 207 1869930 Contacts www.rubricsam.com Member Rep: Colin Doyle Contacts Categories Member Rep: James Galvin Have Member Trustees: No Investment: Steven O’Hanlon, Caitriona Corporate/Individual Tr/Both: Both O’Malley, Marcos Volich

IAPF YEARBOOK 2019 157 S

Schroders SEI Master Trust SEI is a publicly-traded diversified financial services firm and a leading global provider of investment management and investment technology solutions. The company’s solutions help non-profits With over 60 years of experience in corporations, financial institutions, managing pension assets and liabilities, financial advisors, and affluent families we understand the needs of Irish schemes create and manage wealth. and trustees. Through a combination of specialist investment expertise, and The SEI Master Trust is a DC dedicated Portfolio Solutions capability, multi-employer pension scheme that our focus is on partnering with our clients has been operating since 2007 and is one to fully understand their needs and of the few to have obtained the Master assist in achieving their objectives. Our Trust Assurance. clients draw on a wide range of Schroders investment capabilities, including over Address €118 billion in multi-asset, diversified 14-18 Finsbury Square growth and risk mitigation strategies. London EC2A 1BR These sit alongside our specialist expertise United Kingdom in global equities, fixed income and private Tel: +44 203 8107596 assets. Our Portfolio Solutions capability www.seic.com is dedicated to investment strategy and Contacts risk management, focussed on working Member Rep: Kris Shergold with clients to structure and design Director: Ian Love outcome-orientated portfolios, including liability management and Cashflow Driven Investment strategies. With over Setanta Asset €150 billion in pension fund assets under Management Limited management as at 30 June 2018, we offer size, breadth of capability, global reach and Setanta Asset Management is a boutique over 200 years of investment experience. investment house. Setanta was established in 1998 by Canada Life (Ireland), as an Address active manager to manage assets on behalf 1 London Wall Place of Irish pension and investment clients. London EC2Y 5AU Setanta has remained focused over the 20 United Kingdom year history, managing core investment Tel: +44 207 6587813 strategies, all with a track record of www.schroders.com exceptional returns. The business has Contacts grown strongly as a result and Setanta Member Rep: James Montefiore now manage €10.3bn (31.08.18) of active Investment: James Montefiore assets on behalf of Irish and international clients. Setanta has built a significant base of institutional and retail clients in Ireland, Germany, the US and Canada.

158 IAPF YEARBOOK 2019 S

Address Sicon Limited Beresford Court Sicon Limited - The SISK Group Holding Lower Abbey Street Company - A large diverse Irish, privately Dublin 1 owned holding company with operations Ireland in Ireland, the UK, Poland and the UAE. Tel: +353 1 6124962 www.setanta-asset.com Address Contacts Wilton Works Member Rep: Brendan Moran Naas Road Clondalkin Dublin 22 Shannon Group plc Ireland Shannon Group is a commercial Tel: +353 1 4091600 semi-state group, comprising three www.siskgroup.ie companies, focused on delivering Contacts economic benefits to the West of Ireland. Member Rep: Bernard Power It brings together Shannon Airport, Director: Bernard Power Shannon Commercial Properties and Providers Shannon Heritage. The group provides air Investment Manager: State Street Global transport and aviation services at Shannon Advisors Ireland, ILIM Airport, supports the growing aviation Solicitors: McCann FitzGerald cluster at Shannon through the IASC Investment Consultant: Mercer brand, harnesses its property and land Independent Trustee: Independent Trustee assets owned by Shannon Commercial Co. Ltd Properties, and offers visitors a range Auditor: PwC of tourism options through its tourism Administrator: APT Workplace Pensions company Shannon Heritage. Numbers Deferred Pensioners: 401 Address Active Members: 366 Shannon Group Shannon Airport Categories Clare V14 EE06 Integrated with State Scheme: No Ireland Irish Pension Scheme: Yes Tel: +353 61 712193 Self Administered Scheme: Yes www.shannongroup.ie DB/DC: Defined Contribution Contributory/Non-Contributory: Contacts Contributory Member Rep: Chris O’Donovan Fund Range: 26-100M HR: Chris O’Donovan Segregated/Unitised and Insured: Unitised Have Member Trustees: No Corporate/Individual Tr/Both: Corporate Body

IAPF YEARBOOK 2019 159 S

SIPTU Smurfit Kappa Group SIPTU – Services, Industrial, Professional, Technical Union – Ireland’s largest Trade Union

Address Address Liberty Hall Beech Hill Dublin 1 Clonskeagh Ireland Dublin 4 Tel: +353 1 8586300 Ireland www.siptu.ie Tel: +353 1 2027000 Contacts Contacts Member Rep: Eamon Lawless Member Rep: Tom Gallagher Trustee(s): Denis Gormalley, Tim Herlihy, Providers Gemma Mackey, Dave Morris, Joe Auditor: Mazars O’Flynn, Rachael Ryan Solicitors: Eversheds Sutherland Finance: Eamon Lawless Investment Manager: F. Russell Providers Numbers Accountant: IPT Total Number of Employees: 725 Independent Trustee: IPT Deferred Pensioners: 839 Investment Manager: ILIM Pensioners: 921 Numbers Active Members: 406 Total Number of Employees: 305 Total Scheme Members: 2166 Deferred Pensioners: 59 Categories Pensioners: 288 Integrated with State Scheme: No Active Members: 305 Irish Pension Scheme: Yes Total Scheme Members: 652 Self Administered Scheme: No Categories DB/DC: Defined Benefit Integrated with State Scheme: No Contributory/Non-Contributory: Irish Pension Scheme: Yes Contributory Self Administered Scheme: No Size of Fund: €190 DB/DC: Defined Benefit Fund Range: 101-250M Contributory/Non-Contributory: Segregated/Unitised and Insured: Contributory Segregated, Unitised Fund Range: 101-250M Have Member Trustees: Yes Have Member Trustees: Yes Corporate/Individual Tr/Both: Corporate/Individual Tr/Both: Both Corporate Body

160 IAPF YEARBOOK 2019 S

Standard Life State Street Global Standard Life has been operating in Ireland Advisors Ireland since 1834. We provide Irish investors with a comprehensive range of investment and pension solutions. Established in Edinburgh in 1824, Standard Life is now one of the world’s leading financial service As the investment management business providers with operations in Europe, Asia of State Street Corporation, State Street and North America. Global Advisors is one of the world’s leading providers of investment solutions. The Standard Life group has more than The business in Ireland has over 50 years’ 10,000 employees worldwide and manages experience managing investments for assets in excess of €208 billion. pension funds, charities, intermediaries and corporates and is one of State Street Address Global Advisors investment centres - home 90 St Stephen’s Green to the Fundamental Value Equity and Real Dublin 2 Estate asset management teams, which Ireland have long and successful track records. Tel: +353 1 6397000 www.standardlife.ie Our range of investments includes passive Contacts and active global equities and fixed HR: Fiona Keane income strategies, cash management, and alternative investments such as absolute Providers return, currency overlay and real estate. Auditor: PwC Actuary: Paul McMahon We attribute our success in Ireland to Investment Manager: Standard Life strong investment performance, innovative Investments Ltd investment solutions, our sophisticated Numbers investment technology and an insight Total Number of Employees: 214 and perspective into local business Deferred Pensioners: 456 practices which enables us provide optimal Pensioners: 672 investment solutions to our clients. Active Members: 214 Total Scheme Members: 1342 Address Categories 78 Sir John Rogerson’s Quay Integrated with State Scheme: Yes Dublin 2 Irish Pension Scheme: Yes Ireland Self Administered Scheme: Yes Tel: +353 1 7763000 DB/DC: Defined Benefit www.ssga.com Contributory/Non-Contributory: Non Contacts Contributory Member Rep: Ann Prendergast Size of Fund: €75,300,000 CEO/Managing Director: Ann Prendergast Fund Range: 26-100M Segregated/Unitised and Insured: Unitised, Insured Have Member Trustees: Yes Corporate/Individual Tr/Both: Individual Trustee

IAPF YEARBOOK 2019 161 S—T

Swords Laboratories Ltd Numbers Total Number of Employees: 580 Bristol-Myers Squibb is a global BioPharma Deferred Pensioners: 281 company firmly focused on its Mission to Pensioners: 120 discover, develop and deliver innovative Active Members: 540 medicines that help patients prevail over Total Scheme Members: 941 serious diseases. Categories BMS employs over 27,000 people Irish Pension Scheme: Yes worldwide, and approximately 550 people Self Administered Scheme: No in Ireland in its Global Manufacturing and DB/DC: Defined Benefit Supply (GMS) and Commercial operations. Contributory/Non-Contributory: Non Contributory BMS’ operations in Ireland include Fund Range: 0-25M two Active Pharmaceutical Ingredient Have Member Trustees: Yes Manufacturing sites in Swords, Co. Corporate/Individual Tr/Both: Dublin and Cruiserath, Dublin 15 and Individual Trustee the External Manufacturing division is based in Cruiserath, Dublin 15 and Shannon, Co. Clare. T. Rowe Price International Ltd BMS is a publicly traded company listed Founded in 1937, T. Rowe Price is an on the New York Stock exchange (BMY). independent global asset management firm that offers investors a combination Around the world, our medicines of investment management excellence, help millions of people in their fight world class service and trusted guidance. against such diseases as cancer, The group benefits from a strong financial cardiovascular disease, diabetes, position, with no debt and a significant hepatitis B, HIV/AIDS, rheumatoid cash position. The firm has offices in arthritis and psychiatric disorders. Europe, North America and Asia.

Address The group follows a “client first” principle, Watery Lane which requires a disciplined approach Swords to growth. Other hallmarks of the firm Co Dublin include a collaborative culture, as well as Ireland a commitment to fundamental research, Tel: +353 1 8139000 which is undertaken by an extensive global www.bmsireland.ie network of investment professionals. Contacts Today, the group manages assets on Member Rep: John Keogh behalf of many of the world’s leading Trustee(s): Tom Coughlan, Philip corporations, pension funds, sovereign Monaghan entities and financial institutions. Managing Director: Susan Hynes

Providers Address Independent Trustee: IPT 60 Queen Victoria Street Accountant: Mercer London EC4N 4TZ Auditor: PwC United Kingdom Administrator: Willis Towers Watson Tel: +44 207 6518334 Investment Manager: Axa Rosenberg, www.troweprice.com Irish Life

162 IAPF YEARBOOK 2019 T

Contacts Categories Member Rep: Andrew Skeat Integrated with State Scheme: Yes Irish Pension Scheme: Yes Self Administered Scheme: Yes Tech Group Europe DB/DC: Defined Benefit Contributory/Non-Contributory: Address Contributory Damastown Industrial Estate Size of Fund: €195,700,000 Mulhuddart Fund Range: 101-250M Dublin 15 Segregated/Unitised and Insured: Ireland Segregated Tel: +353 1 8859700 Have Member Trustees: Yes www.techgroup.com Corporate/Individual Tr/Both: Contacts Corporate Body Member Rep: Mike Ryan Numbers Deferred Pensioners: 93 Total Produce Ireland Active Members: 283 Pension Scheme Total Scheme Members: 376 Address Categories The Ramparts DB/DC: Defined Benefit Dundalk Contributory/Non-Contributory: Both Co Louth Fund Range: 0-25M Ireland Corporate/Individual Tr/Both: Both Tel: +353 42 9335451 www.totalproduce.com Tesco Ireland Ltd Contacts Member Rep: Mary Clarke Address Numbers Gresham House Pensioners: 84 Marine Road Active Members: 154 Dún Laoghaire Co Dublin Ireland Transport Infrastructure Ireland Tel: +353 1 2808441 Contacts Address Member Rep: Aimee Nguyen Parkgate Business Centre Pension Manager: Amanda Tuitt Parkgate Street Dublin 8 Providers Ireland Auditor: Deloitte Tel: +353 1 6463448 Actuary: Willis Towers Watson www.tii.ie Investment Manager: State Street Global Advisors Ireland, Legal & General Contacts Member Rep: Yvonne Angley Numbers Trustee(s): Catherine Sturgeon Total Number of Employees: 14500 Deferred Pensioners: 2302 Pensioners: 616 Active Members: 2382 Total Scheme Members: 5300

IAPF YEARBOOK 2019 163 T

Numbers Trident Pension Trustees Ltd Total Number of Employees: 196 Trident Pension Trustees Ltd acts as Deferred Pensioners: 111 an independent professional trustee. Active Members: 180 Outsourcing the role of trustee takes a Total Scheme Members: 291 potentially significant headache away Categories from client companies. Our clients range Irish Pension Scheme: Yes in size from small up to a group scheme Self Administered Scheme: Yes with just under 1,000 lives. In all cases, the DB/DC: Defined Contribution registered administrators of the schemes Contributory/Non-Contributory: where we act as trustee are well-established Contributory and reputable providers. In all cases, there Fund Range: 0-25M is a scheme advisor appointed who can Have Member Trustees: Yes provide the relevant parties with advice Corporate/Individual Tr/Both: Both when required. With our experience, we actively contribute to the success of the schemes where we act as trustee, working Trident Consulting constructively with each registered Trident Consulting is an independent administrator and scheme advisor. We pension and actuarial advisory firm work as part of a team. We are happy to be - advising companies, trustees and appointed as sole trustee or as a corporate individuals. Trident delivers a full trustee sitting alongside other trustees. range of advisory services including actuarial, benefit strategy, investment Address strategy, general consulting and member 300A Cathedral Court communications. Trident can either take New Street the lead in delivering the services you Dublin D08 A7K7 require for the successful operation of your Ireland pension schemes or can work alongside Tel: +353 1 4853889 your existing advisors if there are one or www.tridenttrustees.ie more issues which require an independent Contacts perspective. Trident also provides a trustee Member Rep: Paul Webb training course which has been approved Director: John O’Connell, Paul Webb by the Pensions Authority. Trident does not Categories directly provide administration services Irish Pension Scheme: Yes but can advise you with regard to the Self Administered Scheme: No selection of an administrator. DB/DC: Multi

Address 300A Cathedral Court New Street Dublin D08 A7K7 Ireland Tel: +353 1 4853885 www.tridentconsulting.ie and www. pensionsolutions.ie Contacts Member Rep: John O’Connell Categories DB/DC: Multi

164 IAPF YEARBOOK 2019 T

Trustee Decisions Ltd Trustee Principles Limited

Trustee Decisions is a specialist company Trustee Principles, a subsidiary of Willis providing impartial and independent Risk Services (Holdings) Ireland Ltd, trusteeship as well as advice to private and provides independent trustee services public group pension schemes. Trustee for DB and DC pension schemes. With Decisions supports trustees in carrying an in-depth knowledge of the complex out their responsibilities in compliance range of legislative, financial, employee with the best standard of pension scheme engagement, and administrative issues governance and pension laws as well that trustees have to consider, our trustee as providing trustee board evaluation representatives bring a high level of services. experience to the role of trustee.

Address Address Fitzwilliam Hall Willis Towers Watson House Fitzwilliam Place Elm Park Dublin 2 Merrion Road Ireland Dublin D04 P231 Tel: +353 1 8062750 Ireland www.trusteedecisions.com Tel: +353 1 6326940 Contacts www.trusteeprinciples.ie Member Rep: James Kavanagh Contacts Trustee(s): Jim Foley Member Rep: Bruce Mullen CEO/Managing Director: James Kavanagh Trustee(s): Amanda James, Bruce Mullen Directors: Jim Foley, Alan Hardie, Director: Amanda James, Bruce Mullen Paul Kenny Numbers Total Number of Employees: 10 Tullow Oil Limited Active Members: 1 Address Total Scheme Members: 1 Number 1 Categories Central Park Integrated with State Scheme: No Leopardstown Irish Pension Scheme: Yes Dublin 18 Self Administered Scheme: No Ireland DB/DC: Defined Contribution Tel: +353 1 2137300 Contributory/Non-Contributory: Non www.tullowoil.com Contributory Categories Fund Range: 0-25M Irish Pension Scheme: Yes Corporate/Individual Tr/Both: Corporate Body

IAPF YEARBOOK 2019 165 T—U

Tyco Ireland Ulster Bank Group Pension Scheme (ROI) Address One Albert Quay Address Albert Quay Ulster Bank Ireland Ltd Cork 3rd Floor, 1 Hardman Boulevard Ireland Manchester M3 3AQ Tel: +353 21 4235211 United Kingdom www.tyco.com Tel: +44 7769 280173 Contacts Member Rep: David Hurley Contacts Pension Manager: Nicola Barry Member Rep: Sharon Midwinter Trustee(s): Nicola Barry Trustee(s): Colin Clarke, Charles Coase, HR: David Hurley Jessica Geraghty, Stephen Masterson, Barry Providers Murray, Olga Sheehan Custodian: Zurich HR: Elliott Clark, Sharon Midwinter Investment Consultant: Mercer Providers Administrator: Mercer Actuary: Willis Towers Watson Investment Manager: Zurich Auditor: Deloitte Numbers Solicitors: McCann FitzGerald, Total Number of Employees: 200 A&L Goodbody Active Members: 200 Numbers Total Scheme Members: 200 Total Number of Employees: 4200 Categories Deferred Pensioners: 4700 Integrated with State Scheme: No Pensioners: 1100 Irish Pension Scheme: Yes Active Members: 2700 Self Administered Scheme: No Total Scheme Members: 8500 DB/DC: Defined Contribution Categories Contributory/Non-Contributory: Integrated with State Scheme: No Contributory Irish Pension Scheme: Yes Size of Fund: €6,000,000 Self Administered Scheme: No Fund Range: 0-25M DB/DC: Multi Have Member Trustees: No Contributory/Non-Contributory: Corporate/Individual Tr/Both: Contributory Corporate Body Fund Range: > 500M Have Member Trustees: Yes Corporate/Individual Tr/Both: Corporate Body

166 IAPF YEARBOOK 2019 U

Unilever Pension Plan - DB Utmost Corporate Solutions Ireland Compartment Unilever Ireland Ltd markets and distributes a wide range of consumer goods primarily foods, detergents and personal products. Principal brands include HB Ice Cream, Knorr, Lyons Tea, Hellman’s, Utmost Corporate Solutions is a Persil, Dove and Lynx. The group has specialist provider of employee benefit manufacturing sites at Cork. solutions in Ireland and pan-Europe. We provide clients with Group Risk Address solutions that protect and insure employees Unilever UK Pensions and their families in the event of death, Unilever House accident, disability and illness. We are the Springfield Drive only specialist Group Risk provider in the Leatherhead KT22 7GR Irish market. United Kingdom Tel: +353 1 2914000 We are an Irish company, regulated Contacts in Ireland, with our sales, claims and Trustee(s): Liam Mulcahy operations all based in Ireland. Utmost Corporate Solutions is the Generali Providers Employee Benefits (GEB) network partner Accountant: Mercer for Ireland, multinational companies Auditor: EY (MNCs) and captive clients. We are also Actuary: Mercer the GEB Network partner for Pan- Administrator: Mercer European MNC schemes. Investment Manager: PIMCO, Univest Numbers Address Deferred Pensioners: 796 Utmost PanEurope Pensioners: 852 Navan Business Park Active Members: 51 Athlumney Total Scheme Members: 1699 Co Meath C15 CCW8 Categories Ireland Integrated with State Scheme: Yes Tel: +353 46 9099760 Irish Pension Scheme: Yes www.utmost.ie Self Administered Scheme: No Contacts DB/DC: Hybrid Member Rep: Michelle Leahy Contributory/Non-Contributory: Numbers Contributory Total Number of Employees: 125 Size of Fund: €350,214,719 Fund Range: 251-500M Segregated/Unitised and Insured: Segregated Have Member Trustees: Yes Corporate/Individual Tr/Both: Corporate Body

IAPF YEARBOOK 2019 167 V

Verus Advisory Ltd. VHI Group Services DAC

Verus provides independent oversight of Fiduciary Management and Delegated Vhi Healthcare is Ireland’s leading health Consulting for Irish trustees so that they insurance and healthcare company, can properly govern their investments. providing for the healthcare needs of more Verus is an independent Irish company than a million members. founded by experienced and expert Vhi Healthcare has been a part of the investment and actuarial professionals. community for over 50 years, delivering Verus supervises both DB and DC plans, life-long affordable health insurance cover comprising assets in excess of €2 billion. for generations of Irish people. We are, by far, the most significant investor in Address private healthcare provision in Ireland, Suite 403 committing in excess of €1.3bn annually 22-23 Upper Pembroke Street in the provision of care for our members. Dublin D02 DH02 With Vhi Swiftcare, Vhi HomeCare and Ireland our Vhi Screening Centres we also directly Tel: +353 86 3852560 provide for the healthcare needs of our www.verusadvisory.com customers and the community. Contacts Vhi Healthcare has a comprehensive Member Rep: Ronan Smith product range offering the widest choice Director: Jim Brophy, Paul McCarville, Joe for our customers, from insurance plans Mottley, Ronan Smith with the most comprehensive benefits to plans for those on a budget. In addition to domestic health plans, we offer dental insurance, international health plans and travel insurance. Each year we add to our range of products and services to deliver on the personal healthcare needs of our members and their families as well as the attendance and productivity requirements of our corporate customers.

“Vhi Healthcare. When you need us, we’re there.”

Address VHI House 20 Lower Abbey Street Dublin 1 Ireland Tel: +353 1 6197448

168 IAPF YEARBOOK 2019 V

www.vhi.ie Categories Contacts Integrated with State Scheme: No Member Rep: Michael Owens Irish Pension Scheme: Yes Trustee(s): Patricia Kelly Self Administered Scheme: No CEO/Managing Director: John O’Dwyer DB/DC: Defined Contribution Director: Michael Owens Contributory/Non-Contributory: HR: Karina Dolan Contributory Fund Range: 0-25M Providers Corporate/Individual Tr/Both: Both Auditor: Deloitte Solicitors: McCann FitzGerald Investment Consultant: Mercer Investment Consulting Viridian Power and Energy Actuary: Mercer Viridian is the leading independent energy Independent Trustee: IPT company in the all-Ireland market. Since Administrator: Vhi Healthcare 1999, Viridian has invested in thermal Numbers generation in the RoI through our power Total Number of Employees: 1163 stations based in Huntstown North Co Deferred Pensioners: 273 Dublin, and through the provision of Pensioners: 111 Renewable energy we facilitate the supply Active Members: 788 of circa 25% of Ireland’s total wind energy Total Scheme Members: 1172 generation, a considerable contribution towards Ireland’s green energy targets. Categories Viridian Group has always been at the Integrated with State Scheme: Yes forefront of innovation and was the first Irish Pension Scheme: Yes independent energy company to enter the Self Administered Scheme: Yes deregulated market to offer competitive DB/DC: Defined Benefit electricity to Irish businesses in 1999. Contributory/Non-Contributory: The Viridian Group comprises of Energia Contributory Group and Power NI which is based in NI. Size of Fund: €176,600,000 Fund Range: 101-250M Address Have Member Trustees: Yes Mill House Corporate/Individual Tr/Both: Both Ashtown Gate Navan Road Dublin 15 Vincent & Beatty Solicitors Ireland Address Tel: +353 1 8692000 67-68 Fitzwilliam Square www.viridiangroup.co.uk Dublin 2 Contacts Ireland Member Rep: Grainne O’Brien Tel: +353 1 6340000 Trustee(s): Kieran Adams www.vblaw.ie Categories Contacts Integrated with State Scheme: Yes Member Rep: Peter Maguire Irish Pension Scheme: Yes Trustee(s): Walter Beatty, Jnr, Self Administered Scheme: No Peter Maguire DB/DC: Defined Contribution Contributory/Non-Contributory: Contributory Have Member Trustees: Yes

IAPF YEARBOOK 2019 169 V—W

Corporate/Individual Tr/Both: Both Wellington Management International Ltd Vodafone Ireland Wellington Management offers comprehensive investment management Address capabilities that span nearly all segments of Mountainview the global capital markets. Our investment Leopardstown solutions, tailored to the unique return Dublin 18 and risk objectives of institutional clients Ireland in more than 65 countries, draw on a www.vodafone.com robust body of proprietary research and Contacts a collaborative culture that encourages Member Rep: Simon Hand independent thought and healthy debate. Head of Reward: Simon Hand As a private partnership, we believe our ownership structure fosters a long-term Numbers view that aligns our perspectives with Total Number of Employees: 1200 those of our clients. Categories DB/DC: Defined Contribution Clients are the reason we exist and are at the heart of everything we do. That is why we seek to provide superior investment Wellesley Investments & results, exceptional service, and multiple Pensions Ltd layers of risk management.

Wellesley Investments & Pensions is Address an independent financial advisory firm Cardinal Place specialising in the areas of investment 80 Victoria Street portfolio management, investment risk London SW1E 5JL management, and retirement planning and United Kingdom provisioning. We have particular expertise Tel: +44 207 1266086 in the provision of technical advice and www.wellington.com analysis to pension schemes. Contacts Member Rep: Tim Sutton Address Director: Garon Watkins 4 Michael Street Limerick Co Limerick Ireland Wellman International Tel: +353 61 214214 Address www.wellesley.ie Mullagh Contacts Cavan Member Rep: Ashley Mangan Co Cavan Ireland Tel: +353 46 9280200 www.wellman-intl.com Contacts CFO: Eamon Martyn Trustee(s): Eamon Martyn

170 IAPF YEARBOOK 2019 W

Numbers Contacts Total Number of Employees: 348 Member Rep: Michael Wolfe Active Members: 248 HR: Niamh Mangan Total Scheme Members: 248 Finance: Garry McNamara Categories Providers Irish Pension Scheme: Yes Actuary: Mercer Auditor: EY Solicitors: William Fry William Fry Investment Manager: Irish Life Investment Managers Numbers Total Number of Employees: 450 Categories As one of Ireland’s largest law firms, Integrated with State Scheme: Yes William Fry offers unrivalled legal and Irish Pension Scheme: Yes tax expertise across the full breadth of the Self Administered Scheme: No business sector. DB/DC: Multi Contributory/Non-Contributory: The Pensions Group is a full-service Contributory pensions practice of specialist pensions Fund Range: 0-25M lawyers (rated Tier 1 by Legal 500 EMEA, Have Member Trustees: No 2017 and Band 1 by Chambers Europe, Corporate/Individual Tr/Both: 2017) with long experience and a proven Corporate Body track record.

We represent clients in all sectors – sponsoring employers (Irish and Willis Towers Watson multinational plcs/private companies), scheme trustees and members/individuals. We have a strong commitment to service and excellence in everything we do. Willis Towers Watson (NASDAQ: WLTW) is a leading global advisory, broking and The Pensions Group provides both general solutions company that helps clients and project specific pensions advice. around the world turn risk into a path for We provide a range of publications on growth. With roots dating to 1828, Willis pensions, including “Pensions in Ireland” Towers Watson has 40,000 employees in and news updates in our pensions e-zines more than 140 countries. Willis Towers and client bulletins. We also host pensions Watson currently has over 580 associates briefings, seminars and roundtable in Ireland with offices in Dublin, Belfast, discussions for clients and pensions Cork, Galway and Limerick. Willis Towers industry groups. Watson offers professional advice on a wide range of business issues. Serving Address clients ranging from small businesses to 2 Grand Canal Square multinational corporations, our services Dublin 2 and solutions cover pension scheme design Ireland and management, compensation and Tel: +353 1 6395000 rewards, talent strategy, insurance broking www.williamfry.com and analytics.

IAPF YEARBOOK 2019 171 W—X

A strong client focus, an emphasis on Categories teamwork, unwavering integrity, mutual Integrated with State Scheme: Yes respect and a constant striving for Irish Pension Scheme: Yes excellence are the values at the core of Self Administered Scheme: Yes Willis Towers Watson’s rich history. DB/DC: Multi Many of our clients have been with us Contributory/Non-Contributory: from our earliest days. Contributory Segregated/Unitised and Insured: Address Segregated, Unitised Willis Towers Watson House Have Member Trustees: Yes Elm Park Corporate/Individual Tr/Both: Merrion Road Individual Trustee Dublin D04 P231 Ireland Tel: +353 1 6616211 XPS Administration www.willistowerswatson.com/en-IE XPS Pensions Group is the largest Contacts pure pensions consultancy in the UK, Member Rep: Paul O’Brien specialising in pensions actuarial, Actuary: Paul O’Brien investment consulting and administration, Numbers with revenues of over £110 million. The Total Number of Employees: 560 XPS business combines expertise, insight Categories and technology to address the needs of Integrated with State Scheme: Yes both pension trustees and sponsoring Irish Pension Scheme: Yes companies for over 1,200 pension schemes, Self Administered Scheme: No including 25 with over £1bn of assets, and DB/DC: Multi undertakes pensions administration for over 600,000 scheme members.

Xerox (Ireland) Limited We have over 900 employees and offices in 15 locations across the UK. Address PO Box No. 7470 Address Ballycoolin Business Park 1st Floor Flax House Blanchardstown 83-91 Adelaide Street Dublin 15 Belfast Ireland Co Antrim BT2 8FE Tel: +353 1 6086000 United Kingdom Tel: +44 289 5053158 Contacts www.xpsgroup.com Member Rep: Paul Hughes Trustee(s): Paul Hughes, Brian Pender Contacts Member Rep: Nicola Magee Providers Pension Manager: Nicola Magee Solicitors: A&L Goodbody Accountant: David Ebbs & Co. Auditor: KPMG Actuary: Willis Towers Watson Investment Manager: State Street Global Advisors Ireland

172 IAPF YEARBOOK 2019 Z

Zurich Life Assurance plc Numbers Total Number of Employees: 1045 Zurich Life Assurance plc is one of Deferred Pensioners: 1136 Ireland’s most successful life insurance Pensioners: 267 companies, offering a full range of Pension, Active Members: 1045 Investment and Protection products. We Total Scheme Members: 2448 have been meeting our customers’ needs in Ireland for over 30 years. Our investment Categories team, based in Blackrock, Co. Dublin, is Integrated with State Scheme: Yes responsible for funds under management Irish Pension Scheme: Yes of approximately €22.9 billion, of which Self Administered Scheme: Yes pension assets amount to €10.4 billion (as DB/DC: Defined Benefit at 30 June 2018). Contributory/Non-Contributory: Contributory Zurich is committed to providing leading Fund Range: > 500M defined contribution pension propositions. Segregated/Unitised and Insured: Unitised Zurich Life is committed to the provision Have Member Trustees: Yes of excellent customer service and has Corporate/Individual Tr/Both: won a number of industry service awards, Corporate Body including the overall 2017 Brokers Ireland Life Service Excellence Award as well as three Life Pillar awards for Investment Excellence, Excellence in Financial Products and Excellence in Broker Support. And in 2017 it was voted Best Life Assurance and Pensions Company at the InBusiness Recognition Awards.

Address Zurich House Frascati Road Blackrock Co Dublin Ireland Tel: +353 1 2831301 www.zurich.ie Contacts Member Rep: Joe Creegan Providers Auditor: PwC Solicitors: Arthur Cox Accountant: In House Actuary: Mercer Administrator: In House Investment Manager: In House

IAPF YEARBOOK 2019 173

MEMBERSHIP INDEX IAPF MEMBERSHIP INDEX

Company Name Last Name First Name Telephone AA Ireland Ltd Retirement Smith Yvonne +353 1 6179411 Benefits Scheme Abbey Capital Limited Hurley Aodhagán +353 1 8280400 (“Abbey Capital”) AbbVie Morrison Pauline +353 21 4881481 Aberdeen Standard Stack Liam +353 1 5230908 Investments Accenture Beaton Maria +353 1 5064474 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 2081400 Airbus Financial Services Ltd Lydon Trevor +353 1 7905514 Alan Broxson Broxson Alan +353 87 2229138 Alder Capital DAC Flanagan CAIA Brian +353 1 6147232 Allergan Pharmaceuticals Rose Ed +353 98 55308 Ireland Allianz Group Pension Murphy Ursula +353 1 6133000 Scheme Allied Irish Banks plc Gore Keith +353 1 6600311 ALPS Electric (Ireland) Dineen Noreen +353 29 30275 Limited Amundi Asset Management Curran Michael +353 1 4802107 An Post Superannuation Booth Fergal +353 1 7057258 Schemes Analog Devices International O’Donoghue Jim +353 61 229011 Anne Maher Maher Anne +353 1 2691799 Aon Condon Martin +353 1 4189130 Appian Asset Management Kiernan Eugene +353 1 6623001 APT Workplace Pensions Griffin Peter +353 1 206 3010 Arachas Lawless Susan +353 1 2135000 Arcadia Group Limited Hannell Margaret +44 207 339 2724 Arthur Cox Austin Catherine +353 1 9201000

176 IAPF YEARBOOK 2019 Company Name Last Name First Name Telephone Aughinish Alumina Ltd McDermott Michael +353 61 604000 Aviva Investors Green Rachel +44 207 8096809 AXA Investment Managers Zerner Mary +44 207 0031000 Ball Beverage Packaging Brennan Tom +353 51 359104 Ireland Ltd BAM Contractors Ltd Bryan Adrienne +353 45 886400 Bank of America Merrill Dey Naomi +44 124 4574060 Lynch International Dublin Barings 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 +44 207 7478602 BlackRock Investment Spillane Adele +353 1 2467004 Management (UK) Ltd BMO Global Asset Myles Paul +44 207 0115230 Management BNY Mellon Investment Meaney Ned +44 207 1632567 Management EMEA Limited BOC Gases Ireland Ltd Ryan Carol +353 1 4091800 Boliden Tara Mines Farrell Tadg +353 46 9082000 Designated Activity Company Boston Scientific Ireland Ltd Burke Angela +353 91 756300 ByrneWallace Connellan Liam +353 1 6915251 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 Cantor Fitzgerald Reidy Laura +353 1 6333864 Capital International Ltd Friend Emma +44 207 8645000 Carbery Group Leen Colm +353 23 8822200 Carillon Tower Advisers O’Keeffe David +44 203 7985635 CBRE Unlimited Company McNestry Eddie +353 1 6185500

IAPF YEARBOOK 2019 177 Company Name Last Name First Name Telephone 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 2011129 Columbia Threadneedle Dadswell Jon +44 207 4645107 Investments Commscope EMEA Limited Hewitt Niamh +353 1 2042000 Construction Executive McNally Frances +353 1 4071434 Retirement Savings Construction Workers’ Walsh Kevin +353 1 4977663 Pension Scheme Cope Foundation O’Callaghan Aine +353 21 4643216 Coras Iompair Éireann Murray Tony +353 1 7032050 Cornmarket Group Financial Halpin Mary-Jane +353 1 4084187 Services Coyne & Culloty Insurance & Coyne Lynda +353 64 6631274 Financial Services Credit Suisse Field Mark +353 1 5235800 daa plc Kelly Richard +353 1 9440982 Danske Bank (Ireland) Armstrong Brett +44 289 0048514 Pensions DAC Davy Asset Management Kelly Tim +353 1 6148874 Davy Real Estate MacKinnon Simon +353 87 7603030 DCC plc Whyte Gerard +353 1 2799400 Dean Wetton Advisory Wetton Dean +44 203 4225000 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 Doyle Stephen +353 1 6608141 Management DTS Dedicated Trustee Hickey Michael +353 1 8355578 Services DAC Dublin Simon Community Hannigan Martin +353 1 4722113 Duignan Carthy O’Neill Murphy Liz +353 1 6682404

178 IAPF YEARBOOK 2019 Company Name Last Name First Name Telephone eircom No. 2 Superannuation Bradley Dave +353 1 7013923 Fund eircom Superannuation Fund Bradley Dave +353 1 7013923 EirGrid Fleming Tony +353 1 6771700 Elan Corporation plc Pension Corcoran Annette +353 1 7094000 Schemes Eli Lilly Kinsale Limited Kirkby Chris +353 21 4706122 elipsLife Mitchell Ross +353 85 1046036 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 Group Ltd. Barnes Sean +353 1 4093203 Finastra Ireland Limited Teggart Anne +44 203 3205563 First State Investments Glennon Frank +44 207 3326866 FMC International Hannon Kieran +353 21 4517221 Fórsa Staunton Matt +353 1 8171500 Frank Glennon (Life & Lord Jeffrey +353 1 7075880 Pensions) Ltd Friends First Life Assurance Hoffman Simon +353 1 6186662 Co Ltd Gallagher Communication Eves Ryan +44 173 0891212 GAM Investments Naughton Emmet +44 207 3938808 GlaxoSmithKline (Ireland) Bailey Declan +353 1 4955000 Ltd Goldman Sachs Asset Goddard Chloe +44 207 7743542 Management International Goodbody Connolly Jim +353 1 6419183 Governance Matters Limited Hughes Seamus +353 45 862218 Grafton Group plc Glaze Robin +44 156 4821612 Grant Thornton Flynn Conail +353 1 6805805 Greencore Group plc O’Leary Conor +353 1 6051000 Harvest Financial Services Kirk Emer +353 1 2375500 Limited HC Financial Advisers Molloy Brian +353 91 788000 Limited

IAPF YEARBOOK 2019 179 Company Name Last Name First Name Telephone Hewlett Packard Hayes Louise +353 91 754000 Hollister ULC Horkan Tom +353 96 60600 Horse Racing Ireland Rudd Claire +353 45 455467 House of Fraser (Ireland) Willshire Suzanne +44 207 0034470 Pension Trust Ltd ICOS/DEA Pension Trustees Armstrong Gerry +353 1 6764783 Ltd 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 Allen Ethan +44 207 5972075 IPUT plc McGinley Pat +353 1 6613499 Irish Aviation Authority Hogan Maeve +353 1 6718655 Irish Blood Transfusion Kelly Paul +353 1 4322800 Service Irish Cement Ltd Corbett John +353 41 9876000 Irish Co-Operative Societies’ Armstrong Gerry +353 1 6764783 Pension Scheme Irish Distillers Limited Nolan Claire +353 1 2129000 Irish Ferries Ltd Gray John +353 1 6075543 Irish Flavours & Fragrances Byrne John +353 87 2889167 Ltd Irish Forestry Unit Trust Lacey Brendan +353 1 8623440 Irish Life Assurance Madden Anne Marie +353 1 7041155 Irish Life Corporate Business Egan Sean +353 1 7042583 Irish Life Investment Dreelan Eunice +353 1 7041200 Managers Irish Pensions Trust Limited Walsh Michael +353 1 6048160 Janus Henderson Investors Fulwood Mark +44 207 8181818 JLT Financial Planning Ltd Lacey Michael +353 1 6362758 John A. Wood Pension McKeever Frank +353 1 4041200 Trustees Ltd John Feely Feely John +353 87 6184690

180 IAPF YEARBOOK 2019 Company Name Last Name First Name Telephone Joseph G. Byrne & Sons Byrne Joe +353 1 2881618 Consulting Actuaries Ltd 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 Killarney Hotels Limited Keating Leeann +353 64 6671300 Kingston Technology Palmer Nick +353 1 8128807 International Ltd Kintetsu World Express Roche Michael +353 1 8239600 (Ireland) Ltd Kostal Ireland GmbH Morris Paul +353 68 51446 KPMG Tierney Alison +353 1 4101000 LACM Global Ltd. Acheson Edwina +44 207 1824016 Lakeland Dairies Co-Op O’Halloran Tadhg +353 49 4364200 Society Lane Clark & Peacock Ireland Daly Conor +353 1 6620221 Ltd Legal & General Investment O’Gorman Tom +353 1 9058520 Management LEO Pharma Desmond Cian +353 1 4908924 LGT Bank Ltd, Dublin Branch Kelly Elaine +353 1 4337400 LK Shields Solicitors Dully Gillian +353 1 6610866 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 McKesson Cork Business Carmody Jackie +353 21 4548272 Solutions Unlimited Company Mercer Baldwin Audrey +353 1 6039700 Merrion Investment Managers O’Donnchadha Seamus +353 1 6702500 Mesirow Financial Currency McFarlane Ian +33 675 848917 Management Muiriosa Foundation Smyth Paul +353 45 532204

IAPF YEARBOOK 2019 181 Company Name Last Name First Name Telephone Mundipharma Morrissey Tomas +353 1 2063800 Pharmaceuticals Ltd 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 Investment Managers Fox-Robinson Will +44 203 4052161 Newcourt Pensioneer Trustees Burton Lisa +353 1 8280070 Limited Northern Trust Cooke Sandra +353 1 5422000 O’Mahony Actuarial & O’Mahony Michael +353 1 2893103 Pension Legal Services Ltd Oracle Emea Ltd McHale Gerard +353 1 8039997 Paul Ryan Pension & Ryan Alan +353 1 4546730 Financial Consultants Ltd Penfida Limited Civval Trevor +44 207 3374100 Manning- PepsiCo Ireland Sandra +353 21 4523107 Organ permanent tsb Hackett Karen +353 1 6695394 Peter Wood Independent Wood Peter +353 87 2934327 Pension Trustee Pfizer Manufacturing Ireland Coveney Teresa +353 21 5008072 PM Group Sheehan John +353 1 4040700 Port of Cork Company Crowley Donal +353 21 4273125 Primark Limited McGettrick Sinead +353 1 8880500 Principal Global Investors Holt Stephen +44 207 7100255 (Europe) Ltd 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 Robbins Geller Rudman & Atwood Meredy +1 619 2311058 Dowd LLP Rottapharm Ltd. Fowley Aisling +353 1 8852705 Royal College of Surgeons in Holmes Barry +353 1 4022340 Ireland

182 IAPF YEARBOOK 2019 Company Name Last Name First Name Telephone Royal Irish Academy of Music Kelleher Kevin +353 1 6325302 RSM Ireland Business Keegan Pat +353 1 4965388 Advisory Limited RTÉ Chapman Emer +353 1 2082318 Rubicon Investment Daly Fiona +353 1 6249706 Consulting Rubrics Asset Management Galvin James +44 207 7186 9930 Limited Russell Investments Doyle Colin +44 207 0246378 Schroders Montefiore James +44 207 6587813 SEI Master Trust Shergold Kris +44 203 8107604 Setanta Asset Management Moran Brendan +353 1 6124962 Limited Shannon Group plc O’Donovan Chris +353 61 712193 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 Prendergast Ann +353 1 7763043 Ireland Swords Laboratories Ltd Keogh John +353 1 8139000 T. Rowe Price International Skeat Andrew +44 207 6518334 Ltd Tech Group Europe Ryan Mike +353 1 8859700 Tesco Ireland Ltd Nguyen Aimee +353 1 2808441 Total Produce Ireland Pension Clarke Mary +353 42 9335451 Scheme Transport Infrastructure Angley Yvonne +353 1 6463448 Ireland 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 Hurley David +353 21 4235211 Ulster Bank Group Pension Midwinter Sharon +44 131 626 6850 Scheme (ROI) Utmost Corporate Solutions Leahy Michelle +353 46 9099763 Verus Advisory Ltd. Smith Ronan +353 86 3852560

IAPF YEARBOOK 2019 183 Company Name Last Name First Name Telephone 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 Vodafone Ireland Hand Simon +353 87 4142283 Wellesley Investments & Mangan Ashley +353 61 512300 Pensions Ltd Wellington Management Sutton Tim +44 207 1266086 International Ltd William Fry Wolfe Michael +353 1 6395000 Willis Towers Watson O’Brien Paul +353 1 6616448 Xerox (Ireland) Limited Hughes Paul +353 1 6086000 XPS Administration Magee Nicola +44 289 0328282 Zurich Life Assurance plc Creegan Joe +353 1 2831301

184 IAPF YEARBOOK 2019 ADVERTISERS INDEX

Company Page A&L Goodbody 7 Aberdeen Standard Investments 174 Aon Inside back cover APT Workplace Pensions Inside front cover Arthur Cox 17 ByrneWallace 35 DTS Dedicated Trustee Services DAC 33 Eversheds Sutherland 11 IForUT 10 IIPM 33 Irish Life Corporate Business 125 Invesco 60 Irish Life Investment Managers (ILIM) 21 IVCA 27 Legal & General Investment Management 31 LIA 13 Matheson 19 Mercer 25 Mason Hayes & Curran 9 State Street Global Advisors Ireland Outside back cover Trustee Decisions 12 Trustee Principles 27 Willis Towers Watson 3 Zurich 29

IAPF YEARBOOK 2019 185 NOTES

186 IAPF YEARBOOK 2019 W APT MASTER TRUST LET US DO THE HEAVY LIFTING

APT Workplace Pensions Limited Aon Hewitt (Ireland) Limited trading as Aon is Apex Business Centre, regulated by the Central Bank of Ireland. Blackthorn Road, Sandyford, Dublin 18. [email protected] www.aptworkplacepensions.com

IAPF YEARBOOK 2019 187 APT Workplace Pensions Limited is registered by the Pensions Authority as a Registered Administrator.

Mastertrust_Ad_Sep_2018.indd 1 21/09/2018 21:32 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 Yearbook 2019IAPF 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.

14449_INST_IAPF Yearbook Ad 2019_v3_sb.indd 1 10/16/2018 8:13:04 PM