Pension reserve fund worth €10.8 billion

THE National Pension Reserve Fund lost 1.1% of its value between June and September.

But figures released yesterday by the fund show that it has increased in value by €334 million since the start of this year and is now worth some €10.8 billion.

NPRF commission chairman Donal Geaney said that difficult market conditions during the summer and early autumn had caused a pause in the rapid growth the fund had enjoyed since March 2003.