Pensions industry could be misleading customers on its past performance data

The pensions industry could be putting out misleading information on stakeholder because there are no agreed standards for fund and product performance. That is the view of Standard & Poor's which believes that the differing origins of stakeholder products mean performance information is not assessed on a uniform basis. It said that because the companies charged funds in a different way prior to April 2001, performance figures would measure products labelled as being run in the same way, differently. Andy Pettit, global data director at Standard & Poor's, said: 'Because all stakeholder...