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WhatsApp Twitter Advertisement CONCERNS have been raised among Defence Forces representatives about an expected influx of new and transferred personnel without a corresponding spend on facilities at Sarsfield Barracks in the city. Under the new organisational proposals, the Defence Forces are reducing the number of brigades which they have, and will be moving hundreds of personnel from some areas of the country to others. No personnel are expected to be moved from Limerick but it is anticipated that several hundred soldiers from Cork may be transferred to Sarsfield Barracks.Sign up for the weekly Limerick Post newsletter Sign Up In addition to this, the force is currently recruiting to expand its ranks by 600 in various disciplinesBut the Permanent Defence Force Other Ranks Representative Association (PDFORRA,) says there is confusion about the move and has warned that infrastructure and facilities could come under pressure with the influx to Limerick city.“We would expect that this will not all happen at once, it will be over a period of time so, initially, the barracks and existing personnel in Limerick should be able to cope,” Gerry Rooney, General Secretary of PDFORRA, told the Limerick Post.But he added that further down the line, there may be serious pressure on the facilities an space at the barracks unless the department spends money on upgrading and facilitating in some areas.PDFORRA says it is “unclear” at this point whether defence personnel are going to be told where to go or if they will have choices.“We want to see our members having choice because there are many who might want to relocate to Limerick.“We don’t want to see people forced into anything. We also want to see them being given a choice of upskilling or retraining. There are some areas where we don’t have enough qualified personnel and others where we have too man. It’s a matter of matching one to the other,” Mr Rooney said.Reducing the number of personnel engaged in headquarters, admin and allied support tasks is a central element to the reorganisation process, according to PDFORRA Linkedin Facebook NewsLocal NewsSoldiers influx could put strain on barracksBy admin – August 22, 2012 818 Print Email Previous articleLimerick to Galway train not on right trackNext articleDeirdre Lawlor has… The X Factor admin
The pension fund requires a track record of at least five years.Interested parties should apply by 15 June, stating performance to 31 March, net of fees.Separately, a Swiss pension fund has turned to IPE Quest’s Discovery service to search for a domestic equity manager for a CHF10m (€8.7m) mandate.According to DS-2442, the investor is looking for an all-cap or large-cap strategy via a manager with a high active share to beat its benchmark, which is the SPI index.The manager should ideally have a track record of at least three years. The pension fund estimates placing the mandate in February next year.It is open to investing via a pooled or segregated mandate.If possible, the investor would prefer to receive replies to the search in German.The IPE news team is unable to answer any further questions about IPE Quest, Discovery, or Innovation tender notices to protect the interests of clients conducting the search. To obtain information directly from IPE Quest, please contact Jayna Vishram on +44 (0) 20 3465 9330 or email [email protected] A Benelux pension fund is looking for a money market fund manager for a €100m mandate via IPE Quest.According to search QN-2443, the investor wants the mandate to be run passively and investments restricted to Europe.The fund must invest in low-risk, short-term assets and have a triple-A rating. The pension fund is seeking a “very high level” of daily liquidity and the expected return for the fund must match the Eonia benchmark as much as possible.The successful applicant would need to have at least €5bn under management for the asset class and at least €10bn as a firm.