Balanced pooled funds recorded a negative month on month median return of -4.5% last month, BNY Mellon Asset Servicing results show.
In addition, the one-year return fell to 20.8% last month, compared to 29.4% in the previous month. Over the three-year period to May the return was -1.0% per annum. However, the five and 10-year returns...
An innovative funding structure has been agreed for Croydon Pension Fund. However, there are some concerns about the arrangement. Stephanie Baxter reports
Some 52% of red flags raised by schemes on suspected scam pension transfers involve advisers or unregulated introducers, a report by the Pension Scams Industry Group (PSIG) has claimed.
The Norfolk Pension Fund has been successful as the lead plaintiff in a class action case that went to jury trial in California involving securities fraud.