Irish pension fund value rises by 12.6%

THE value of Irish pension funds rose by 12.6% to almost €88 billion in 2006.

A survey of fund managers by the Irish Association of Pension Funds (IAFP) found that over the last five year the value of assets in pensions has increased from €44.8bn to €87.7bn.

IAPF chairman Joe Byrne said the rise in the value of pension funds comes despite the recent stock market turbulence.