UK - The Wesleyan Assurance Society with-profits life and pension fund produced an impressive 17% gross investment return last year, despite an 80% investment in equities.
The Birmingham-based mutual life assurer said the “exceptional” performance showed a heavy weighting in equities was still the best way to secure higher returns.
Businesses are experiencing auto-enrolment data error rates of up to 50%, posing questions over the reliability of pension records, Pensionsync says.
A nationwide survey of committee and local pension board members of the Local Government Pension Scheme has revealed high levels of confidence in all areas of their responsibility.
UK inflation unexpectedly rose to 2.7% in August, beating analysts' expectations of a drop to 2.4% from 2.5% the previous month.