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Pension funds 10 per cent down

Pension funds posted the worst results for more than a decade in 2001 with returns of —10 per cent, according to performance measurement company WM Company.

A typical fund was down 9.6 per cent in 2001, following losses of 1.3 per cent in 2000.The consultancy says funds that switched to bonds, which returned around 3 per cent compared with —13 per cent for UK equities, will improve performance.

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Henderson Global Investors – Horizon US Dollar Reserve Fund

Friday, January 4, 2002.Type: Sicav.Aim: Income by investing in short term marketable debtsecurities.Minimum investment: $2,500.Place of registration: Luxemburg.Investment split: 100 per cent in short term marketable debtsecurities.Isa link: No.Charges: Initial A shares 5 per cent, annual 0.5 per cent.Commission: Initial 3 per cent.Tel: 0800 881144.

Mellon – Mellon Global Intrepid Portfolio

Wednesday, January 9, 2002.Type: Ucits.Aim: Growth by investing in equities and equity-related securities ofcompanies worldwide.Minimum investment: Euro 5,000 or $5,000.Place of registration: Dublin.Investment split: 100 per cent in equities and equity-related securitiesof companies worldwide.Isa link: No.Charges: Initial A shares up to 5 per cent, annual 2 per cent.Commission: Initial 3 per cent, renewal 0.5 per […]

Mellon – Mellon North American Equity Portfolio

Wednesday, January 9, 2002.Type: Ucits.Aim: Growth by investing in equities and equity-related securities inthe United States and Canada.Minimum investment: Lump sum Euro 5,000 or $5,000.Place of registration: Dublin.Investment split: 100 per cent in equities and equity-related securitiesof companies in the United States and Canada.Isa link: No.Charges: Initial A shares up to 5 per cent, annual […]

Credit where it&#39s due

As a family law solicitor, I thought that I understood pension sharing. However, I have a client who has no pension rights while her former husband is in receipt of his pension. Can you explain how the pension sharing order applies in this case? This is probably one of the most complicated areas of advice. […]

2

DB transfer shouldn’t be all-or-nothing

By Steve Webb, director of policy In my recent discussions with advisers, a hot topic has been the growing number of people interested in transferring their defined benefit pension rights into a defined contribution pension scheme. With many pension schemes offering eye-watering transfer values, this is likely to be an area of increasing interest. Yet […]

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