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...
PTL has appointed Karein Davie as a client director in its Birmingham office.
The level of interest rate hedging increased to £29.5bn of liabilities in the second quarter as pension funds continued to de-risk, according to BMO Global Asset Management's research.
UK inflation has risen for the first time since November to 2.5% in July, up from 2.4% in June, thanks to rising fuel costs and the price of computer games.
The number of DB pension scheme trustees targeting a buyout with an insurer has increased significantly in the past five years, latest research from Willis Towers Watson shows.