IRELAND - Total assets invested in Personal Retirement Savings Accounts (PRSAs) grew 29% (€189m) in the final quarter of 2006 to reach €835.3m.
The Pensions Board said 95,045 PRSAs had been taken out, compared to 83,790 at end September 2006.
That figure was comprised of 72,761 standard PRSAs and 22,284 non-Standard PRSAs.
In other news, the ten main managed fund providers in Ireland achieved an average return of 0.7% in January, according to Rubicon Investment Consulting.
For the past 12 months, returns were 11.3% on average, and 14.2% p.a. over the past three years.
Railways Pension Trustee Company chief executive Phil Willcock has quit the scheme after only 10 months to take up a position as head of AIG UK Life.
The Financial Conduct Authority (FCA) has launched a consultation on how to enable defined contribution (DC) savers to invest in patient capital via unit-linked funds.
The Pension Protection Fund has published its final levy rules for 2019/20 following a consultation launched in September.
The Competition and Markets Authority's (CMA) final report on the investment consultant market has been celebrated as having "real teeth" to produce better outcomes for members.