4% GROWTH IN PENSION FUNDS

The value of Irish pension funds grew by 4% last year to €75 billion, despite the tough economic climate, The Sunday Business Post reports.

Research to be published this week by the Irish Association of Pension Funds shows a growth rate of almost 10% for 2010 but this was diluted by an overstated overall figure for 2009. The research also shows the migration of funds from equities towards bonds by defined benefit schemes in particular.