Pension fund equity holdings rise above 50%

The average UK pension fund achieved a weighted average return of 14.4% for the year ending December 31, last year, its figures reveal. The performance measurement firm says this is the best return it had recorded since 2005 - and was a real return of 12.0% when measured against the retail price index for 2009 and 12.9% when measured against the national average earnings index. It says results were also positive over the three-year period to December 31, last year - with an average return of 1.7% per annum. Despite this, BNY Mellon said results were much more varied over the longer...