More pension funds go overseas

ESTIMATES suggest between 15% and 20% of Irish pensions are managed by overseas pension investment managers.

That compares with just 5% some years ago.

Pension expert Tom Geraghty of Mercer, which carried out a recent survey, said it was good news for pension funds seeking the best returns they could get for their fund. That is not to decry the ability of Irish funds managers, he said.