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.
Hargreaves Lansdown and Liberty SIPP have again been named as the slowest two providers to move pensions through Origo's Transfer Service.
The Pensions Regulator (TPR) increased its use of frontline powers by 32% over the last year, it confirmed in its annual report and accounts.
The Pensions Regulator (TPR) is considering plans to combine its 15 codes of practice into a single, shorter code as part of its 'clearer, quicker and tougher' initiative.
HM Revenue and Customs (HMRC) does not know how many people it has fined for breaching pension tax relief rules, a Freedom of Information request has revealed.