Irish pension managed funds saw average returns of 1.1% in December, new figures from Rubicon Investment Consulting show.
Merrion Investment Managers were the top performers with a return of 2.4% for the month, while Friends First/F&C, Prescient Investment Managers and Zurich Life saw returns of just 0.8%.
Rubicon said the average managed fund return has been a ''healthy'' 7.1% a year over the past three years.
But it added that half of the five year returns are negative, with an average return of -0.5% a year.
Irish group pension managed funds returns over the past ten years have been 4.9% a year on average, compared with an inflation rate of 1.8% a year over the same time.
