2016 saw highest pension fund return 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...