# Eircom Plc Superannuation Scheme

Eircom Plc Superannuation Scheme is a Pension Fund based in Dublin, Ireland.

## Overview

- **Organization type:** Pension Fund
- **Headquarters:** Dublin, Ireland
- **Region:** Europe
- **Address:** Dublin, Ireland
- **Assets under management:** Undisclosed
- **Website:** https://www.eir.ie

## Regulatory record

- **Reports private funds:** No

## About

The Eircom Plc Superannuation Scheme is the legacy defined-benefit pension vehicle for employees of eir, Ireland's former state-owned telecoms operator. The fund is structured as a traditional corporate pension trust, managed by a board of trustees currently chaired by Ray Lawlor, with Brian Duncan serving as former chairman. Its fiduciary duty runs to retired and deferred members of the eir workforce, and it operates under the regulatory oversight of Ireland's Pensions Authority, with the Minister for Finance holding a formal role in the funding and oversight of a related No. 2 Fund. The scheme deploys capital across a deliberately diversified set of asset classes. Direct and indirect property holdings form a visible anchor: known positions include The Retail Park at Liffey Valley in Dublin, a stake in the Irish Property Unit Trust (IPUT), and participation in a European Property Fund (PEPLP). Alongside real estate, the fund holds a position in the Irish Forestry Unit Trust, reflecting a long-duration, inflation-linked allocation to Irish land. The geographic center of gravity is Ireland, but the PEPLP commitment extends the footprint into continental European commercial property. The trustee board engages actively with the Irish institutional investment community. The scheme is a member of the Irish Association of Pension Funds (IAPF) and participates regularly in industry conferences and seminars. The scheme's structural differentiator is its dual character as a legacy corporate pension fund for a formerly state-owned enterprise. Unlike a typical corporate DB plan in wind-down, this fund maintains an active investment posture — directly holding physical real estate and forestry assets in Ireland while also accessing venture capital. The formal involvement of the Minister for Finance in the related No. 2 Fund adds a layer of sovereign proximity unusual for a corporate pension scheme.

## Sectors

- Real Estate
- Forestry
- Venture Capital
- Private Equity

## People

- Ray Lawlor — Chairman of the Trustees
- Brian Duncan — Former Chairman of the Trustees

## Questions

### Who runs investment decisions at Eircom Plc Superannuation Scheme?

A board of trustees, chaired by Ray Lawlor, governs the scheme and is responsible for investment decisions. Brian Duncan previously served as chairman of the trustees. The trustees operate within the regulatory framework of Ireland's Pensions Authority and manage allocations across property, forestry, and private market funds.

### What direct property assets does the scheme hold?

Known direct and indirect property holdings include The Retail Park at Liffey Valley in Dublin, a stake in the Irish Property Unit Trust (IPUT), and participation in a European Property Fund (PEPLP). These holdings anchor a material real estate allocation within the broader portfolio.

### How is the scheme related to the Irish government?

The Minister for Finance holds a formal role in the funding and regulatory oversight of a related No. 2 Fund associated with the scheme. This creates a layer of sovereign proximity that is unusual for a standard corporate pension trust and ties the scheme's governance, in part, to the Irish state.

## Related profiles

- [Eightstone Oclaner](https://altss.com/profile/eightstone-oclaner)
- [Eircom Superannuation Fund](https://altss.com/profile/eircom-superannuation-fund)

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Last updated: 2026-08-11T02:43:31.692Z

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