Boost for Caps returns

By Mohamed Ali Bernat Pension funds have been moving to adopt more scheme-specific benchmarks but it is having little impact on the way in which the funds invest. Caps, which provides performance measurement and investment information by assessing more than 1,700 UK pension funds, reported an increase in the proportion of funds in each size band with a bespoke benchmark with the trend particularly marked in funds over £100m. Daniel Hall, publications and statistics manager at Caps, said: "One of the most striking changes over the past five years has been the increasing use of scheme spec...