IRELAND - Irish group pension managed fund returns remained on positive ground at 2.2% in July, according to data from Mercer Investment Consulting.
Overall for the year to date, managed funds returned an average of 5.8%, up from 2002 annual returns of -0.2%.
Of the 15 funds tracked, Friends First / F&C was the best performer up 3.3% in July, although over the last three years remains down -7.1%. The worst performer in July was Aberdeen returning 1.4% and -6.6% over the last three years.
Over a ten year period, New Ireland is the best performer, reporting returns of 10.3% and returned the average of 2.2% in July.
The greatest surge in managed fund returns was in the second quarter of this year, with the average fund up 9%, buoyed by the rise in equity markets.
The Irish Stock Exchange Equity Overall Index (ISEQ) has gained 12.6% this year, adding 3.1% in July.
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Smart Pension has taken on over 20,000 active members from the £20m Corpad Master Trust, following a strategic review by the ceding firm's trustees.
The Universities Superannuation Scheme (USS) allegedly obstructed a whistleblower as she tried to discover the true value of the deficit in its defined benefit (DB) section, according to reports.
The Cost Transparency Initiative (CTI) has launched a number of templates and guidance to help pension schemes deliver greater value for savers with enhanced disclosure of transaction cost information.