Irish pension funds lost e4bn (£3bn) in the first two weeks of this year - as much as they did throughout 2007, Mercer says.
The consultant says funds heavily weighted in equities had suffered the greatest losses. It said Irish managed pension funds had lost between 3pc and 4.5pc in value in just two weeks, while the...
To continue reading this article...
Join Professional Pensions
- Unlimited access to real-time news, analysis and opinion from the industry
- Receive our in-depth monthly magazine in either print or digital format
- Access our Sustainable Investment Hub covering news and opinion from thought leaders in the ESG space
- Receive important and breaking news stories selected by the Editors in our daily newsletter
- Hear from industry experts and other forward-thinking leaders
- Receive a monthly members-only newsletter with exclusive opinion pieces from leading industry experts and a feature from the magazine in advance of its release date