Pooled pension funds continue to rise

Daniel Hall, publications and statistics manager at Russell/Mellon’s says pension funds continue to pick up losses gained during the bear market in the early 1990’s. He adds: “They still have some way to go, but, based on median performance, a typical pooled Balanced fund would now be worth around 94% of its asset value at the start of 2000.” The firm says UK Equities achieved an index return of 3%, against a 0.5% overall gain from Overseas Equities. UK Bonds and Index-Linked Gilts however, picked up returns of –0.1%, according to Russell/Mellon, while Overseas Bonds showed the poore...