Pension funds top ten per cent

28 January 2005
UK pension funds have made returns of more than ten per cent for the second year running, according to the latest reports.

The Bloomberg news agency revealed that recent performance had helped plug the gap left in some pension funds.

Pension funds backing a mix of stocks, bonds and property grew 6.2 per cent in the fourth quarter taking last year's gain to 10.2 per cent.

A spokesman for Russell/Mellon, the company behind the figures, told Bloomberg: "Following the poor performance at the start of the decade, those managers that kept faith with equities have been rewarded over the past two years."

Retired workers are living longer increasing the costs on pension funds.

Last year also witnessed pension deficits widening.

To find the top pension deals, click here.
© DeHavilland Information Services plc