UK pension funds achieved their best performance for four years in 2009, according to estimates by BNY Mellon.
The average UK pension fund returned a weighted average of 14% last year, compared to -13.6% to 31 December 2008. Measured against the Retail Price Index (RPI) the estimated real return rises to 14.9% for 2009, and an estimated 12.8% against the National Average Earnings Index (NAEI). The results suggest a strong turnabout in performance of UK pension funds over the last 12 months. Commenting on the results, Alan Wilcock, BNY Mellon asset servicing performance and risk analytics manager, says: "Following the worst annual return for over 30 years in 2008, pension funds clawed back m...
To continue reading this article...
Join Professional Adviser for free
- Unlimited access to real-time news, industry insights and market intelligence
- Stay ahead of the curve with spotlights on emerging trends and technologies
- Receive breaking news stories straight to your inbox in the daily newsletters
- Make smart business decisions with the latest developments in regulation, investing retirement and protection
- Members-only access to the editor’s weekly Friday commentary
- Be the first to hear about our events and awards programmes