2016 saw highest pension fund return since 2009

Up 13.1% from 2015

Hannah Godfrey
clock • 1 min read

Data from the upcoming Moneyfacts Personal Pension and Annuity Trends Treasury Report revealed that last year pension funds enjoyed their highest returns since 2009.

Despite some distinctly high-profile instances of economic and political uncertainty during the course of 2016, Moneyfacts data showed the average pension fund finished the year up by 15.7% - 13.1 percentage points higher than in 2015, when pension fund growth was just 2.6% on average. This is the fifth consecutive year of positive pension fund growth and, Moneyfacts said, would be welcome news to those saving into a defined contribution pension scheme, as well as to the growing number of retirees who remain invested in pension funds by opting for income drawdown. Of all the pension f...

To continue reading this article...

Join Professional Adviser

  • 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.

Join

 

Already a Professional Adviser member?

Login

More on Pensions

How blockchain can bring real-world benefits to pensions

How blockchain can bring real-world benefits to pensions

But how many firms will use it to their advantage?

Adrian Boulding & Ihab El-Saie
clock 07 December 2023 • 7 min read
Gilt pressure sees DB transfer take-up levels hit 'all time low'

Gilt pressure sees DB transfer take-up levels hit 'all time low'

Average transfer values at the second lowest level since 2015

Jasmine Urquhart
clock 05 December 2023 • 1 min read
OECD urges reform of 'costly' state pension triple lock

OECD urges reform of 'costly' state pension triple lock

State pension change would ease eroded ‘fiscal headroom’

Jenna Brown
clock 30 November 2023 • 2 min read