Balanced pooled funds achieved a median return of -5.7% in February 2009, latest CAPS pooled pension fund performance results from BNY Mellon Asset Servicing reveal.
The performance measurement firm said this followed a 6.0% fall in January. Over the one, three and five years to February 28, 2009 it said balanced pooled funds returned -25.0%, -6.9% per annum...
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This week's top stories included Cardano announcing plans to acquire Now Pensions from a Dutch pension fund later this year.
Royal Bank of Scotland (RBS) faces a £102m impact on liabilities as a result of equalising guaranteed minimum pensions (GMPs), according to its annual results.