UK Pension Funds Performance Deteriorates in Q1 2018
Personal_Finance / Pensions & Retirement May 02, 2018 - 10:44 AM GMTBy: MoneyFacts
New data from the latest Moneyfacts UK Personal Pension Trends Treasury Report has revealed deteriorating pension fund performance in Q1 2018 at a time when members of auto-enrolment schemes are seeing their mandatory minimum contribution rates rise from 1% to 3%.
The report shows how after a run of positive gains in the previous nine quarters the average pension fund registered a loss for the first time since Q3 2015, falling by 3.8%.
Of the 36 ABI pension fund sectors surveyed, only two (UK Direct Property and Money Market) avoided a fall. The heaviest losses during the quarter were suffered by Commodity/Energy (-10.4%), Global Property (-6.8%) and UK All Companies (-6.1%). The extent of the more difficult conditions for pension funds in Q1 2018 can be seen by the fact that only 7% of all the pension funds surveyed produced growth during this period.
UK Pension Funds Performance Deteriorates in Q1 2018
New data from the latest Moneyfacts UK Personal Pension Trends Treasury Report has revealed deteriorating pension fund performance in Q1 2018 at a time when members of auto-enrolment schemes are seeing their mandatory minimum contribution rates rise from 1% to 3%.
The report shows how after a run of positive gains in the previous nine quarters the average pension fund registered a loss for the first time since Q3 2015, falling by 3.8%.
Of the 36 ABI pension fund sectors surveyed, only two (UK Direct Property and Money Market) avoided a fall. The heaviest losses during the quarter were suffered by Commodity/Energy (-10.4%), Global Property (-6.8%) and UK All Companies (-6.1%). The extent of the more difficult conditions for pension funds in Q1 2018 can be seen by the fact that only 7% of all the pension funds surveyed produced growth during this period.
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