Pension funds ‘over-exposed to equities’, conference hears

PENSION funds are over-exposed to equities and risk serious losses if the markets under perform, fund trustees were told yesterday.

Trustees were also told to be more proactive if they want the best returns for their funds, by Tom Geraghty, head of Mercer Investment Consulting.

Speaking at the group’s investment conference, Mr Geraghty said Irish fund managers do not measure up to the best international performances.