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.
Life expectancy in the UK saw no improvement between 2015 and 2017 as the number of people aged over 90 hit a record high, latest Office for National Statistics (ONS) data reveals.
Self-administered pension funds spent £14bn on payments to pensioners in Q2 2018, but only received £11.4bn of contributions (net of refunds), latest Office for National Statistics (ONS) data reveals.
The Pensions and Lifetime Savings Association (PLSA) has named the 17 members of its inaugural policy board after a competitive application process with 60 candidates.