Managers of trusteed pension funds had a “far better year” in 2004 compared to 2002, Statistics Canada reports.

According to the results of the agency’s biennial census of trusteed pension funds, the value of the funds’ assets increased 25%, from $557 billion to $696 billion from 2002 to 2004.

Revenues accumulated over 2004 amounted to $96 billion, far exceeding expenditures at $47 billion, for a net cash flow of $49 billion, StatsCan added.

In 2002, expenditures exceeded revenues, leaving the industry with a negative cash flow of a half-billion dollars.