Pension fund value up 22.6%

THE value of the typical Irish pension fund soared in value by 22.6% over the last 12 months reversing persistently poor returns in recent years.

The latest monthly returns from the Coyle Hamilton Investment Manager’s Survey shows that so far, 2004 has been a relatively good year for the typical pension scheme, as measured by the yardstick of managed fund returns.

“February’s average of 1.3% has meant that the rolling 12-month performance for the average of the funds surveyed is +22.6%, compared to a figure of 12.5% for the calendar year 2003.