AN estimated €27 billion has been slashed from the value of Irish pension funds over the past 12 months. Figures from Rubicon Investment Consultants said the average managed fund declined by 34.8%.

IRISH pension funds have lost almost 15% of their value over the last 12 months.

IRISH pension funds are experiencing mixed fortunes this year with most making up February’s losses in March, to deliver average growth of just 1.2% over the first three months of the year.

A high-flying stockbroker quit a top firm because it ignored the aggressive bullying and intimidation he suffered from a colleague and long-standing friend, an employment tribunal heard today.