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Tuesday 21 May 2013

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Property pledges NAMA chief

24 February 2011 10:05 AM

NAMA under Frank Daly has promised it will not hoard land and property assets but will work with developers on the condition they co-operate fully.

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Head of Credit and Risk, Ronnie Hanna told a housing conference in Belfast it had taken over €4bn worth of property in the North and would help stabilise the property market by providing liquidity and taking a longer term approach where necessary.

Of the Northern Ireland portfolio, 60pc represents land that is not under development, 29pc represents commercial investments, 10pc land under development and 1pc residential development.

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  1. Man (24) dies in road crash
  2. Family of 12 are evicted over €300 shortfall in rent – now council put them in hotel costing €6,000pm
  3. Council sent €700 rent demand to dead dad in flat
  4. 'I didn't pass the boy band test, but I did fool Louis'
  5. Shay's wife in town for first time since her split from soccer star

Opinion

Minister for Social Protection, Joan Burton. Photo: Mark Condren

Ireland's too easy a target for the pensions industry fat-cats

J Good on Joan Burton. Speaking at an insurance conference last week she said that pension industry charges are too high. One third of the value of a pension can be wiped out with commission and costs. For years, successive governments have been brow-beating us into taking out pensions. The fact that many people don't has been blamed on inertia and bad planning. But maybe as customers, we've just realised that pensions are a total rip-off.

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