Irish pension funds up 12.3% last year

The average Irish Pension Managed Fund gained 5.7% in the final quarter of the year, bringing the annual return for 2003 to 12.3%.

Hibernian Life & the Hibernian (NU) Managed Funds topped the survey, returning 6.4%, with Irish Life Global Access (+4.6%) and Aberdeen (+5.0%) the worst performers against an average return of +5.7%, according to the latest figures published by Mercer Investment Consulting.