Business

Bank fails to retain funds after takeover

Millions of pounds worth of pension funds managed by New Ireland before its takeover by Bank of Ireland have since moved to rival…

Fri Feb 06 1998 - 00:00

Millions of pounds worth of pension funds managed by New Ireland before its takeover by Bank of Ireland have since moved to rival companies. A £200 million portion of the Telecom Eireann pension fund has transferred to Irish Life and Ulster Bank Investment Managers and SIPTU's £60 million staff pension has moved to UBIM and Friends Provident.

See Current Account, page 6

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