UK - High numbers of cash accounts available to pension fund managers are offering poor returns and are applying lengthy notice periods, a new report by Scottish Widows Investment Partnership (SWIP) has revealed. SWIP's research claims that the average return on cash balances of more than £1 million, aimed at pension fund managers, is 3.68% Gross AER.
In addition to poor returns offered by some cash accounts to this sector, many also restrict access to funds, with around 40% of accounts having restrictions of between seven days and six months. ...
To continue reading this article...
Join Professional Pensions
Become a Professional Pensions Lite Member today
In just a few clicks you can start your free Professional Pensions Lite membership for 12 months, providing you access to:
- Three complimentary articles per month covering the latest real-time news, analysis and opinion from the industry
- Receive important and breaking news stories via our two daily news alerts
- Hear from industry experts and other forward-thinking leaders
Are you a trustee, investment consultant or in-house pension and benefit scheme professional? You can apply for full complimentary access here
