THERE was an average rise of 0.2% in Irish Pension Managed Funds in June, according to figures released yesterday by Mercer Investment Consulting.

AIB Investment Managers has won the 'Best Balanced Pension Fund Award' for its Yield Focus Fund in the annual Moneymate Investment Awards.

AIB Investment Mangers (AIBIM) has announced that its successful Multimanager-Managed Fund is now available to individual investors.

IRISH pension funds are still under pressure to make up the losses of earlier years.

AIB’S investment management subsidiary created artificial trades to boost the performance of certain clients’ investment portfolios, according to yesterday’s IFSRA report.

The Irish Financial Services Regulatory Authority has accused certain members of AIB staff and management of witholding information on the overcharging scandal at the bank.

TODAY’S report on AIB from the Irish Financial Services Regulatory Authority (IFSRA) will cast a spotlight on the mystery of Faldor, a British Virgin Islands-registered investment company whose activities benefited five former top executives at the bank.

The average Irish Pension Managed Fund increased by 1.4% over the second quarter of the year, bringing the year to date return to 5.3%, according to the latest figures by Mercer Investment Consulting.

AIB’S latest scandal may not cost the bank much in financial terms, but its reputation may be damaged for some time, a leading analyst said yesterday.

AIB was engulfed in two fresh scandals last night after it admitted 10 current and former senior executives may have been involved in tax evasion.

The ISEQ finished up 7.61 points today to 5227.86.

Allied Irish Bank is to sell the management contracts of Govett, its British asset management business, to Gartmore Investment Management for approximately €20m.

AFTER three years of major losses, world share prices have begun to recover, boosting pension fund performances in their wake.