AIB Pension Scheme

AIB Pension Scheme

The AIB Pension Scheme operates as an occupational pension scheme established under Irish trust law. Allied Irish Banks serves as the principal employer and sponsor. Assets sit in trust with Allied Irish Banks Pensions Limited. No public founding date appears in available records. The scheme maintains positions in the Irish Property Unit Trust for prime commercial real estate in Ireland, the Beara DAC profit participation note backed by mortgage assets, and the Irish Forestry Unit Trust. It also records long equity holdings in FinecoBank, Amplifon and a minimal stake in Allied Irish Banks itself. Geographic exposure centers on Ireland with additional listed positions on Borsa Italiana. Investment managers include Legal & General Investment Management, Irish Life Investment Managers, Goldman Sachs Asset Management, PIMCO Europe and Amundi Ireland. Arlynejane Divilly currently leads the Investment Committee. Frank O'Riordan previously chaired the committee and remains a trustee director. The scheme participates in the European Pension Fund Investment Forum and the Retirement Planning Council of Ireland. Service providers encompass Aon Solutions Ireland for administration and investment advice, Mercer Ireland as scheme actuary, Deloitte as external auditor, BNY as custodian and Arthur Cox plus Sacker & Partners for legal counsel. The scheme functions as a sponsored pension vehicle rather than an independent family office or multi-family platform. Governance flows through trustee directors and an investment committee that oversees allocations to both liquid public assets and illiquid Irish real-asset commitments.