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UK pension performance hits a flat note

UK pension fund returns fell flat at the start of the year, according to

performance measurement consultant The WM Company.

Pension fund returns stood at -0.4 per cent in the first quarter of this

year but still outperformed the UK equity index on average.

Returns on the indexwere -3.4 per cent over the same period.

The quiet beginning to the year followed a period of “tremendous growth”

in the last quarter of 1999. Returns in the year to March 31, 2000 totalled

14.1 per cent.

WM, a member of the Deutsche Bank Group, measures investment portfolios

based in the key global investment centres.

The consultant produces a major annual survey of pension fund performance.

Executive director Peter Warrington says: “Returns for the beginning of

2000 are like the calm after the storm of 1999.

“However, pension managers on average outperformed the UK equity index in

their battle with considerable stock volatility from month to month – not

an easy quarter to navigate for active managers.”

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