By Adam Cadle
Irish pension funds delivered positive returns during July, with an average return of 3.6 per cent for the month according to Rubicon Investment Consulting.
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Over the first seven months of 2012, the average fund return was 10.4 per cent and over the last year, average return levels reached 9.6 per cent.
During July, Friends First and F&C took top spot with a return of 4.2 per cent for the month. Over the first seven months of the year, the top performing fund was that of Standard Life Investments, which returned 12.9 per cent and the worst performing fund was that of Irish Life Investment Managers which delivered a return of 8.2 per cent.
Many Germans are clueless about the build-up of their pension, a new study by Fidelity International has shown. The investment company said that despite all the initiatives to improve people’s pensions knowledge, most employees neither know how high their pension will be nor are they familiar with the three pillar pension systemEuropean mandates July 2009
The O2 Pension Plan has selected BlackRock as investment only defined contribution (DC) provider, to £30million in assets. The deal, for which O2 has selected BlackRock's DC Diversified Growth Fund as part of its default option, means the 3,000 members of the fund will be able to select BlackRock funds, including its DC UK Focus FundIndustry responds to EIOPA consultation
Pension and investment associations across Europe have expressed different views on what they see as the future of cross-border pension provision, as the European Investment and Occupational Pension Association (EIOPA) closed its consultation on the IORP Directive yesterday