Pension guide is launched
The Irish Association of Pension Funds (IAPF) today launched new investment guidelines designed to promote understanding of risk during times of market turbulence.
The new guidelines were launched in Dublin at the IAPF’s annual investment conference.
Joseph O’Dea of Watson Wyatt and the IAPF’s investment committee, told delegates that pensions were a long-term investment which should be managed to counter the inevitable cyclical nature of stock markets.
Mr O’Dea said that the decline in markets over the last year was a stark reminder of the need for trustees of pension schemes to consider the investment risks.
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