No conflict of interest over Elan investment

NATIONAL Pensions Reserve Fund chairman Donal Geaney yesterday said nobody had approached him seeking his resignation as guardian of future national pensions.

The former boss of the Elan Corporation, who quit that post after a major controversy over the firm’s share price collapse, said he had been called upon to do a job on national pensions and felt he had acquitted himself well.

Mr Geaney, who faced calls for his resignation from the national fund, was speaking as the NPRF launched its annual report, which showed it had lost almost 4% in value this year - not counting more recent losses on investment markets.