Bad month for Irish pensions

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IRELAND - The Irish Association of Pension Funds (IAFP) has urged the industry to look long term in light of its 7% or €7bn (US$10.4bn) downturn so far this month.

Chairman Patrick Burke was speaking in reaction to figures from Mercer showing the average pension fund was down around 5% or €5bn, year to date. Burke said: “There has been a significant fall a...

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