Irish sovereign annuities could reduce pension liabilities by 30%

Sovereign annuities could perform double role of improving Irish pension scheme solvency levels and ease state funding problems

market graph

A proposal for pension funds to use sovereign annuities issued by the Irish government could see the liabilities of defined benefit (DB) schemes fall by up to 30%, according to David Harney, chief executive of Irish Life Corporate Business, the largest pension provider and life assurer in the country.

The Irish government has agreed to a joint proposal by the Irish Association of Pension Funds (IAPF) and the Society of Actuaries in Ireland (SAI) to increase the solvency of Ireland's embattled DB

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact or view our subscription options here:

You are currently unable to copy this content. Please contact to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to View our subscription options


Want to know what’s included in our free membership? Click here

This address will be used to create your account

The future of life insurance

As the world constantly evolves and changes, so too does the life insurance industry, which is preparing for a multitude of challenges, particularly in three areas: interest rates, regulatory mandates and technology (software, underwriting tools and…

You need to sign in to use this feature. If you don’t have a account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here