UK pension funds give best returns for four years

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...