IRELAND - Despite a marked improved performance in April, trustees have continued to focus on the long term according to the Irish Association of Pension Funds (IAPF).
Jerry Moriarty, director of policy, IAPF, said: "Trustees would welcome the improvement in what has been a difficult year and hopefully it represents a turning point for investments.
Moriarty added: "However most trustees understand that pension fund investment is a long term game and won't unduly focus on one month figures."
According to Rubicon, pension funds in the country have lost an average of 12.6% of their value over the past 12 months.
The gains made over three and five years have remained respectable, at 6.8% and 8.9% per annum respectively.
The secretary of state for work and pensions has told MPs clawback and avoidance measures could be imposed for the people responsible for driving Carillion over the cliff.
Occupational pension provision has continued to grow in value, but there remains large variance in incomes across the pensioner age group, according to latest government data.
Defined benefit (DB) schemes could have an aggregate surplus by 2021 under Pension Protection Fund (PPF) projections, its strategic plan for 2018 to 2021 reveals.
Investment consultants are failing to recommend products that outperform net of fees, the Competition and Markets Authority (CMA) has said as its investigation into the market continues.