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Last year &#39lacklustre&#39 for UK pension funds

UK pension funds posted a lacklustre negative return of -1.8 per cent in 2000, according to estimates from performance measurement consultancy The WM Company.

Although the return is disappointing, there have been larger negative of -11 per cent and -4 per cent in 1991 and 1994 respectively.

WM executive director Peter Warrington says: “Over 10 years UK pension funds have managed a return of around 14 per cent per annum but good performance, obviously, does not come uniformly every year.”

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