Irish pension funds 2009 return to November at 16.5%; 10-year return average at 0.5%; Pension deficits at public companies rise to €5.4bn
Dec 3rd, 2009 | By Finfacts Ireland Business & Finance Portal | Category: News worldwide
Having declined for the first time in eight months during October, Irish pension funds returned to positive territory during November, returning 1.3% on average and 16.5% year-to-date. The best performing managed fund in November was that of Eagle Star/Zurich Life, which returned 1.7%. Irish Life Investment Managers propped up the league table with a 0.9% return for the month. The 10-year average return is 0.5%. Meanwhile, on Tuesday, it was also reported that the pension deficits of Irish quoted companies have risen almost 15% to €5.4 billion €5.4 billion in 2009.