4.1% return on segregated pension funds for first half of 2003

THE average return on segregated Irish pension funds for the first half of 2003 was 4.1%, results published by the Combined Performance Measurement Service (CPMS) showed yesterday.

CPMS surveys the larger employer sponsored pension schemes in Ireland.

During the first half of 2003, CPMS measured and analysed the performance of approximately 200 Irish pension funds with an asset base in excess of €19bn.