Returns on managed pension funds for the three months to the end of July have been virtually flat, figures released today show.
There was an average of return -0.2% in the period, according to a Coyle Hamilton survey. The best performer - Canada Life/Setanta - returned +0.8%, while Aberdeen recorded the lowest figure at -1.3%.
The average for 12 months was barely in double figures, +10.3%. Irish Life posted 12.3%, while at the other end of the scale, KBC returned 7.3%.
Over three years, average return is still in negative territory, but Coyle Hamilton says this may soon return to the black as some of the bad months of 2001 and 2002 begin to fall out of the calculation.
