Employee benefits consultants, Becketts, has issued its Pension Fund Investment review based on investment performance for Group Managed Pension Funds to December 31st, 1999.

The average Group Managed Pension Fund has a return of 19.9 per cent. This performance was achieved mainly due to a strong final quarter, yielding an average return of 14.5 per cent.

Over 10 years, Eagle Star delivered the best performance with 20.3 per cent per annum. This was followed by Ulster Bank which produced 15.3 per cent per annum over the same period.

Most commentators agree that fund performance should be measured over a reasonably long period, normally three to five years. Montgomery Oppenheim led the way in these categories with 30.8 per cent per annum over three years and 24.7 per cent per annum over five years.