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UK pension funds down again

The value ofUK pension funds has fallen for the third consecutive quarter of 2000, according to Edinburgh based performance measurements consultants The WM Company.

Overall returns were down 0.4 per cent compared with 0.6 per cent for the first two quarters.

The WM Company executive director Peter Warrington says “Returns overall have been disappointing for the third quarter in a row. Funds have struggled to find an equity market outside the US, to lift performance.”

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