Pooled pension funds failed to beat inflation over the third quarter, with UK equities dragging down...
Pooled pension funds failed to beat inflation over the third quarter, with UK equities dragging down returns. Over the period from July to September, balanced funds achieved a median return of 0.1% against the RPI's 0.3%, according to figures from BNY Mellon Asset Servicing. However, performance over the previous three quarters means balanced funds still achieved a double-digit return of 11.5% over the year. BNY Mellon's publications and statistics manager Daniel Hall said the credit crunch has hit UK equity performance, with the market falling 3.3% in July. "During the third quarter, t...
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