Irish pension funds have declined by 7.5% so far in 2009, according to a new report.
In February, pension funds lost 5.7%, following on from a 1.9% loss in January, according to the Pension Managed Funds Survey by Rubicon Investment Consulting.
Standard Life Investments was best performing over February, recording a loss of 5%. Irish Life Investment Managers was the worst performing for February, losing 6.6%.
Over the past 12 months, funds have lost an average of 34.5%, with returns ranging from a loss of 29.8% in Eagle Star to a lost of 38.1% with Irish Life investment Managers.
The average managed fund return also recorded disappointing results, down 14% per year for the last three years.
