BALANCED pooled funds achieved a median return of 2.7pc in May, latest CAPS figures from Mellon Analytical Solutions reveals.
The performance measurement firm said that this was up from 2.2pc in April – and meant that over the one, three and five years to May 31 balanced pooled funds returned 17.4pc, 17.0pc per annum and 9.0pc...
This week's top stories include ITS' management buyout from Mercer, and The Pensions Regulator launching a probe into single-employer defined contribution schemes' default funds.
People retiring in the UK will on average outlive their pension savings by 10 years, according to research by the World Economic Forum (WEF).
Steps to improve auto-enrolment are uncontroversial and obvious, but the government is dawdling on introducing the necessary changes, argues Jack Jones.
Professional trustees will be expected to apply for accreditation as part of a framework intended to be launched on 1 July by the Professional Trustee Standards Working Group (PTSWG).