Courts Service fund - For once, we see a healthy return

A TOTAL of €932 million has been invested on behalf of people for whom the Courts Service has been holding money.

For the year ending on September 30, 2007, the money earned an average return of 3.9%, despite the volatility of the financial markets.

In 2003, the board of the Courts Service changed its method of investment after an independent report concluded the most was not being made of the assets it was holding on behalf of more than 20,000 vulnerable people who have been made wards of court, by reason of psychiatric illness, abandonment, and children awarded damages.