IRELAND - Irish managed pension funds have lost 11.4% over the first quarter of 2008, research by Rubicon Investment Consulting has revealed.
Funds declined 7.9% over January and February, followed by a 3.8% drop in March. Over the past year, Irish managed funds saw a total decline of 14.8%.
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Sir Philip Green's restructuring proposals for his retail giant Arcadia will not "adequately protect" its pension schemes' members, The Pensions Regulator (TPR) has said.
The Marks and Spencer Pension Scheme has completed buy-in deals worth £1.4bn with two insurers, mirroring similar transactions last year.